Business
JAPANMetaplanet’s executive stock pool sparks shareholder backlashJapanese Bitcoin treasury company Metaplanet’s executive stock pool continues to draw shareholder backlash over stock dilution concerns. Multiple shareholders objected across social media to Metaplanet’s 10th Series executive option pool,…
Bitcoin (BTC) “cycle peak buyers” could already be pointing the way to the next bear-market bottom.Key points:Bitcoin hodlers who bought BTC one to two years ago are cooling selling pressure.The cohort’s realized losses have led to market bottoms once their…
US President Donald Trump is set to meet with several senators at the White House on Thursday to discuss progress on the crypto market structure bill. According to Politico, Senator Bernie Moreno said a group of senators will brief the president…
Base creator Jesse Pollak says he is stepping back from leading the Base App after admitting he made a “wrong bet” on social, leaving the chain to fall behind on prediction markets and perpetual futures. In a post to X on…
Payments company Stripe and private equity firm Advent International reportedly made a joint offer to acquire PayPal Holdings.The offer includes about $50 billion in committed financing, Reuters reported Wednesday, citing sources familiar with the matter. The joint offer seeks to…
The Corporate Affairs Commission (CAC) has commenced another round of striking off companies from Nigeria’s register of incorporated entities, placing 100,000 companies at risk of deregistration over failure to meet statutory filing obligations. In a public notice issued Wednesday, the…
The Czech Finance Ministry added Polymarket to its list of unauthorized online gambling websites on Monday, requiring internet service providers (ISP) to block access. The ministry listed the prediction market’s website under the country’s Gambling Act, which prohibits operators from…
Airtel Africa secured a key legal authorisation from a UK court for a capital reduction aimed at beefing up its distributable reserves for future shareholder returns, the London-based company announced Wednesday. The approval sets Africa’s second-biggest mobile operator on the…
Securitize and Cantor Fitzgerald have partnered to support blockchain-based initial public offerings (IPOs) and follow-on equity offerings for listed companies, a move that could further expand the use of tokenized securities in traditional capital markets.The companies said Wednesday that they…
Researchers at Stanford University and Singapore Management University found that Polymarket’s five-minute Bitcoin prediction markets create incentives for traders to manipulate spot prices around settlement, allowing sophisticated participants to profit at the expense of retail traders.The study examined contracts in…
UK-based financial company Revolut has received approval from the Virtual Assets Regulatory Authority (VARA) of Dubai to offer crypto-related services in the United Arab Emirates (UAE).In a Wednesday notice, Revolut said that, following a green light from the Central Bank…
Acting US Attorney General Todd Blanche faced backlash Wednesday over the Justice Department’s (DoJ) enforcement of crypto-related crimes and other actions as President Donald Trump’s former personal attorney appeared before a Senate hearing considering his nomination to lead the agency.The…
Decentralized trading protocol Ostium paused trading Wednesday after blockchain security firms Blockaid and CertiK reported an apparent exploit of its OLP liquidity vault.Blockaid estimated the exploit resulted in roughly $18 million in losses, while CertiK placed the figure at about…
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate eased slightly to 15.91 per cent in June, down from 15.93 per cent recorded in May, offering a modest sign of slowing price pressures even as food prices continued…
Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets.The deployment introduces Aave V4’s Hub & Spoke…
Bitcoin (BTC) saw three-week highs on Wednesday as US inflation data beat expectations for a second day.Key points:Bitcoin sees copycat bullish price action as US inflation data cools for a second day running.Risk assets get a more positive outlook as…
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