The closure of crypto derivatives exchange BitMEX is prompting fresh questions about whether the industry is entering a new phase of consolidation, as analysts point to market-share concentration and rising regulatory costs squeezing smaller platforms.While BitMEX helped pioneer perpetual swaps…

Bitcoin (BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran.Key points:Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance.Bitcoin sees three-day lows under $65,000…

With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action…

Coinbase is expanding its push into AI-powered finance, enabling businesses to accept USDC payments from autonomous AI agents as part of a broader expansion of its payment, trading and developer tools.According to a Thursday X post, Coinbase Business users will…

Research from the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, broke down the economic impact of the entire crypto industry on the United States, estimating that salaries, worker spending and output will have contributed $55 billion this…

Empery Digital said it invested $20 million in Cardinal Data Power, acquiring an approximately 8% stake in the private developer of powered data center campuses.The investment was part of Cardinal Data Power’s approximately $70 million Series A financing and will…

An Enugu Air aircraft on Thursday suffered a runway excursion after landing at Benin Airport, with all 63 passengers and five crew members safely evacuated and no injuries or fatalities recorded. The airline confirmed the incident in a public notice,…

The long-awaited US Digital Asset Market Clarity Act (CLARITY) has hit another snag. This time, it’s not software developers or the turf war between federal regulators at stake, but the thornier question of ethics — ironic, given many politicians’ demonstrable…

An Egyptian firm, Utopia Pharmaceuticals, says it plans to establish a drug manufacturing plant in Abia State to serve Nigeria and the West African market. The company founder, Kamel Muhamed, disclosed this on Wednesday during a meeting with Governor Alex…

David Solomon, chair and CEO of financial giant Goldman Sachs, has given his support for a “not perfect” cryptocurrency market structure bill under consideration in the US Senate even as many provisions continue to divide lawmakers and his fellow industry…

Weaker income from energy sent out, the top contributor to the revenue pool of Transnational Corporation of Nigeria (Transcorp), set in motion a slide of 16.6 per cent in its post-tax profit for half-year 2025, compared to a year ago.…

Key points: Funds queue ~$150M of HYPE for unstaking, $116M from MulticoinHYPE falls 8% to ~$58; withdrawals dwarf thin spot marketSale intent unclear — Jain denies selling, Selini exit tied to HIP-3 shutdownHyperliquid’s HYPE token slid to around $58 on…

[Update, 15:18 UTC, July 23 – Adds comment from cofounder beginning in sixth paragraph.]BitMEX’s utility token lost almost all of its value after the exchange announced Thursday it would wind down operations.The BitMEX (BMEX) token plunged 90% to as low…

Dangote Petroleum Refinery and Petrochemicals has raised approximately $2.5 billion in fresh equity after successfully concluding a private placement that was 3.7 times oversubscribed, the company said in a statement on Thursday. The company described the placement as Africa’s largest…

A wave of high profile crypto hacks in April that many suspected had been orchestrated using sophisticated AI tools to identify smart contract exploits, led to fears that every DeFi protocol was suddenly at risk.In May, Manuel Aráoz, founder of…