The committed equity facility of Hyperliquid Strategies with Chardan Capital Markets has been increased to $2.5 billion from $1 billion. This development allows the digital asset treasury company to have more flexibility to secure funds by issuing stocks in the future. The information has been revealed by the company in
The company unlocked 1 billion XRP from escrow on September 1st through 3 transactions. These were 500 million XRP, 400 million XRP, and 100 million XRP, respectively. This was revealed by the blockchain monitoring account Whale Alert in relation to the XRP that was unlocked from Ripple-controlled escrow accounts. This
Wallets affiliated with the North Korea-based Lazarus Group have sent over $30 million via Hyperliquid, according to chain analysis from Arkham. This information was revealed on August 31 by Arkham researcher Emmett Gallic. He identified the transactions carried out within about three weeks. These funds went through HyperUnit, where the
The legal tussle involving Kalshi against state regulators has reached yet another significant stage following the dismissal of the latest legal challenge by the appeals court. The ruling handed down on August 28 was unanimous that Kalshi had failed to prove that Nevada’s rules for sports contracts were likely to
Bithumb wins another case as it seeks payments from wrongly credited Bitcoin users. In an effort to collect money for wrongly credited Bitcoin from users in February 2018, the Seoul Central District Court ordered one of the defendants to pay back 194 million Korean won, roughly $140,513, according to Digital
The chief research officer of Grayscale Research, Zach Pandl, connected the recent bond repurchases by the US Treasury to increased pressure exerted by the level of government debt. The US Treasury will conduct more open market purchases of long-term notes and bonds prior to their retirement. According to Pandl, the
BlackRock has lowered the minimum amount required for Bitcoin-to-IBIT conversion to $1 million. This is a 96% decrease from the previous threshold of $25 million. The move may open up opportunities for qualified individuals and institutions that wish to participate in the program, but it will not affect regular IBIT
Bitcoin Beach, the El Zonte village that inspired El Salvador’s Bitcoin venture, appears to be seeing fewer everyday Bitcoin transactions. According to WuBlockchain, Bitcoin Core contributor Jon Atack said a local restaurant told him his Bitcoin payment marked its first such transaction in a month. Staff reportedly said customers now
Gemini is offering native XRP Ledger deposits and withdrawals in Singapore, enabling users to transact in XRP via XRPL. Gemini co-founder Tyler Winklevoss disclosed the feature on Monday, describing it as “big news” for the XRP community in Asia. Singapore continues to be a leading financial capital and crypto hub
Bitcoin Reformation by Michael Saylor portrays Bitcoin not merely as an innovative experiment in a currency system based on digital scarcity. Saylor looks at how the system can keep its original ideas intact amid expansion in institutional finance and other areas. The author notes how the culture of Bitcoin formed
