Coinbase allegedly in talks to acquire India’s CoinDCX for under $1B following $44M hack
Coinbase is in advanced talks to acquire CoinDCX after a $44M hack, offering less than half of what CoinDCX was valued at in the last bull market. Coinbase is allegedly in advanced negotiations to acquire CoinDCX, India’s largest cryptocurrency exchange,…...
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BitMine Stock Falls 15.1% After-Hours As Peter Thiel-Backed Company Files Shelf Offering, Might Consider Ethereum Purchase With Proceeds
Shares of Bitmine Immersion Technologies Inc. (AMEX:BMNR) plummeted in Monday’s after-market trading after the company filed for a shelf offering to register securities for sale by selling stockholders What happened: BMNR fell 15.1% after-hours after the Ethereum (CRYPTO: ETH)-focused company submitted a Form S-3ASR with the SEC. “The selling...
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Galaxy Digital moves $447M in Bitcoin to exchanges, sparking sell-off speculation
Increased Bitcoin exchange activity may heighten market volatility, influencing investor sentiment and potential regulatory scrutiny. The post Galaxy Digital moves $447M in Bitcoin to exchanges, sparking sell-off speculation appeared first on Crypto Briefing....
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Billionaire Ray Dalio Backs 15% Allocation to Bitcoin and Gold Amid U.S. Debt Spiral
Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.’s accelerating debt burden and long-term currency devaluation. “If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15%...
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XRP Accumulation Plan Boosts Hyperscale Data Stock by 12%
Shares of Hyperscale Data (GPUS) rose as much as 12% Monday after the company confirmed it has begun acquiring XRP, following through on its previously announced plan to allocate up to $10 million into the token as part of a broader digital asset strategy. In a July 28 statement,...
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End of Bitcoin’s 4-Year Cycle? Bitwise CIO Sees Safer Market Ahead Amid Rising Inflows and Altcoin Momentum
For years, Bitcoin’s price behavior has followed a four-year cycle—halving events led to bull runs, followed by market corrections. But according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management, that narrative no longer fits the current market landscape. “The four-year cycle is dead,” Hougan told investors, pointing...
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$20 Million Bitcoin Laundering Ring Busted in China
Chinese authorities uncovered a Bitcoin laundering operation that ran out of a major tech company. The scheme, worth nearly $20 million, was uncovered inside Kuaishou, one of China’s largest short-video platforms. The investigation was led by officials in Beijing’s Haidian District and has quickly become one of the country’s...
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Tron Inc Files to Raise $1 Billion After Merger
Tron Inc has filed with the SEC to raise up to $1 billion through a combination of debt and equity. The company, which used to operate under the name SRM Entertainment, recently completed a merger with Justin Sun’s Tron project. The filing comes on the heels of a strong...
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Asia Morning Briefing: Crypto Rally Stalls, ETH Flows May Decide What Comes Next
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. The crypto market is flashing...
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Anthony Scaramucci Says It’ll Be A ‘Big Deal’ If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin
Anthony Scaramucci, the founder of SkyBridge Capital, said Monday that JPMorgan Chase & Co.’s (NYSE:JPM) reported plan to allow clients to borrow against their Bitcoin (CRYPTO: BTC) holdings has the potential to change the financial dynamics of the leading cryptocurrency. What Happened: In an X post, Scaramucci described the banking behemoth’s reported plans...
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