In order to fund its new Bitcoin and digital asset strategy, Bakkt Holdings has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $1 billion. Its investment policy was recently updated in June 2025. In order to allow investments in Bitcoin and other crypto assets, which
Citibank has been sued by a victim of a romance scam on federal grounds, alleging that the bank did not take any measures to stop a huge romance scam. Michael Zidell accuses Citibank of overlooking the red flags as it sent close to $4 million in suspicious transfers to the
SoFi, the financial services firm based in San Francisco, is formally back in the crypto space. At the beginning with the reinstatement of Bitcoin and Ethereum trading on its platform. SoFi had previously exited the crypto market in 2023 after “careful consideration,” even though it had purchased a then-rare New
The New York Stock Exchange has made a regulatory filing recently to allow the listing of Trump Media’s dual-cryptocurrency investment fund. The planned Truth Social Bitcoin and Ethereum ETF is a major milestone in the politically branded cryptocurrency investment product development among retail investors. The filing is a significant step
Federal Reserve Chief Jerome Powell confirmed on Tuesday, June 24th, that no interest rate reductions are due anytime in the near future, indicating a conservative stance by the U.S. central bank. As much as there has been political pressure and economic turmoil, the Fed rate cuts has remained firm with
Japan is moving to reclassify cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), signaling a major shift in its regulatory approach. On June 24, the Financial Services Agency (FSA) released a proposal aiming to treat digital assets as financial products. If approved, the move will reduce the current progressive
The crypto sector has long claimed that the US Federal Reserve unjustly targets and debanks crypto enterprises due to its consideration of “reputational risk” in its supervision of banks. However, the Fed has now instructed its supervisors to stop doing so. More than 30 US technology and crypto firms were
Ark Invest, run by Cathie Wood, is engaged in a strategic profit-taking on the impressive post-IPO performance of Circle, selling off another large position this week. At the same time, the investment company increased its holdings in Robinhood and Coinbase, which indicates the persistence of trust in digital asset platforms.
Michael Saylor’s Strategy has acquired 245 Bitcoin for $26 million as market volatility increased due to escalating geopolitical tensions. The company disclosed the purchase in a U.S. SEC filing on June 23. According to the filing, Strategy bought BTC at an average price of $105,856 during the week ending June
Elon Musk declared his intentions to rewrite the databases of human historical knowledge using his Grok AI system. The billionaire was not satisfied with the existing training data and said that it is filled with too much biased and erroneous information in general. The new Grok 3.5 model by Musk
