Author: John Smith
Bitdeer Technologies has unveiled a $36 million manufacturing facility in Nevada, bringing production of its SEALMINER Bitcoin mining machines to the United States. Summary Bitdeer will invest $36 million in a Nevada factory to produce SEALMINER Bitcoin mining machines. The new Sparks facility is expected to begin commercial production by the end of 2026. Bitdeer shares jumped 14.1% as the company reported stronger U.S. manufacturing and 921 BTC mined in May. According to Bitdeer, the new plant in Sparks, Nevada, will manufacture key components for the company’s SEALMINER mining rigs, with commercial production scheduled to begin before the end of…
Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act. Summary Paul Grewal will leave his role as Coinbase chief legal officer on July 31 and become an adviser. Molly Abraham will become general counsel as Congress prepares to revisit the CLARITY Act. Coinbase continues pushing for crypto market structure legislation after its SEC lawsuit was dismissed. According to posts Grewal published on X and LinkedIn, he will move into…
The Senate has entered what could be its final practical window to advance the CLARITY Act this year, with a merged draft expected as early as next week before lawmakers run out of time ahead of the August recess. Summary Senate negotiators are preparing a merged CLARITY Act draft ahead of a possible floor vote later this month. Democratic support remains uncertain as lawmakers continue talks over ethics rules, DeFi protections, and stablecoin provisions. The White House has denied blocking Democratic SEC and CFTC nominees as regulatory appointments become part of the debate. According to a CoinDesk report, Senate negotiators…
SpaceX shares have gained fresh momentum after Raymond James initiated coverage with an $800 price target, implying about 440% upside from current levels. Summary Raymond James initiated SpaceX with a Strong Buy rating and an $800 price target, implying about 440% upside. Wall Street support strengthened as Morgan Stanley, Goldman Sachs, Citigroup, UBS, and Wells Fargo also issued bullish ratings. SpaceX expanded its Starlink plans, Ark Invest added shares, and the company’s Bitcoin holdings remained in focus. According to Raymond James, the brokerage has started coverage of SpaceX with a Strong Buy rating and an $800 price target, making it…
The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains stalled. Summary Bank of Korea has reaffirmed support for bank-led issuance of won-backed stablecoins. The central bank plans to expand deposit-token pilots for public payments and services. Disagreements over stablecoin rules continue to delay South Korea’s Digital Asset Basic Act. According to local reports from Digital Asset and EDaily, the Bank of Korea (BOK) restated its position in documents submitted on Thursday to the National Assembly’s finance committee. The central bank argued that bank-led…
Wells Fargo has expanded its exposure to Strategy while reducing part of its BlackRock Bitcoin ETF position, according to its latest regulatory filing that also shows larger investments across Ethereum and Solana-linked products. Summary Wells Fargo increased its Strategy stake by 125% while trimming its BlackRock Bitcoin ETF holding. The bank boosted Ethereum ETF exposure, added Solana funds, and expanded positions in Bitmine and Robinhood. SEC filings also show reduced stakes in Coinbase and Galaxy Digital despite broader crypto market exposure. According to the bank’s latest filing with the U.S. Securities and Exchange Commission, the $2.5 trillion asset manager increased…
Multisignature wallets guard most of the serious money in crypto: DAO treasuries, exchange cold storage, protocol funds, and the savings of the security-conscious. They are also at the center of the industry’s biggest heists, from Bybit’s $1.5 billion to this year’s UXLINK breach, because attackers stopped picking locks and started fooling the people holding the keys. This guide explains how multisig actually works, the M-of-N design choices, how the famous multisig hacks really happened, and how to run one without becoming a case study. Summary Multisig wallets protect crypto funds by requiring multiple approvals, reducing the risk of a single…
XRP has recovered from this week’s sharp sell-off after defending the $1.07 support zone, with traders weighing an emerging bullish chart breakout against persistent geopolitical and regulatory risks that continue to cap upside. Summary XRP has rebounded from $1.07 after defending key support, while a descending channel breakout has revived bullish sentiment. RSI bullish divergence, improving MACD momentum, and liquidation clusters near $1.14 support the case for further upside. Geopolitical tensions, ETF outflows, and uncertainty over the CLARITY Act remain key risks that could derail the recovery. According to data from crypto.news, XRP (XRP) price was trading near $1.09 at…
Paradigm has raised $1.2 billion for its fourth fund, extending one of crypto venture capital’s biggest names into a wider set of technology markets. The firm said the new vehicle will back builders working in crypto, artificial intelligence, robotics, and other areas near the edge of current software and hardware development. Summary Paradigm’s new fund keeps crypto central while adding AI, robotics, and frontier technology bets now. Crypto venture firms are broadening strategies as AI funding captures largest share of venture capital. Hyperliquid, Kalshi, Tempo and Morpho show Paradigm still backs crypto market infrastructure despite wider ambitions. Co-founder Matt Huang…
A crypto user has lost nearly $1 million after approving a malicious Ethereum transaction that gave scammers access to drain almost the entire wallet balance, adding to hundreds of millions of dollars in phishing losses recorded this year. Summary A crypto user lost nearly $1 million after approving a malicious Ethereum transaction that allowed scammers to drain the wallet. Phishing scams caused $723 million in losses across 248 incidents in 2025 as approval based attacks continued targeting crypto users. The latest theft follows another multimillion dollar onchain loss, highlighting separate risks from phishing approvals and flawed transaction routing. According to…