Author: John Smith

Hyperscale Data has sold about 685 Bitcoin for approximately $43 million, cutting its holdings to around 275 BTC as it directs more capital toward its Michigan data center. Summary Hyperscale Data sold about 685 Bitcoin for approximately $43 million. The proceeds will primarily fund the continued development of its Michigan data center. The company retains about 275 BTC and plans to continue Bitcoin mining. Hyperscale Data expects to rebuild its Bitcoin holdings over time using mining production and available capital. Hyperscale Data said Friday that most of the proceeds will be used for the continued development and expansion of the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s potential drop below $1 amid weak sentiment and leverage is shifting attention toward alternative strategies such as UE Crypto’s cloud mining platform. Summary XRP’s latest decline amid Clarity Act uncertainty is drawing attention to UE Crypto’s cloud mining and yield services. With XRP trading near recent lows, some holders are exploring UE Crypto as an alternative way to seek digital asset returns. Weak XRP volumes and fading momentum have renewed investor interest in UE Crypto’s cloud mining and…

RedotPay has reportedly delayed a planned US initial public offering that could raise more than $1 billion as the Hong Kong stablecoin payments company works through regulatory approvals and legal disputes while preparing to enter the US market. Summary RedotPay has reportedly delayed its US IPO while seeking regulatory approvals and dealing with legal disputes involving Binance. The company secured a US money transmitter license this week and is preparing to launch its products in the country. Binance affiliates are seeking nearly $473 million in damages from RedotPay’s founders in a Hong Kong lawsuit. RedotPay said its Q2 2026 results…

South Korean lawmaker Park Soo-young has called for the government to withdraw its planned 22% tax on virtual asset gains before the levy takes effect on Jan. 1, 2027, arguing that the policy unfairly targets roughly 13 million crypto users while investment taxes on domestic stocks have been scrapped. Summary South Korean lawmaker Park Soo-young has called for the planned 22% crypto gains tax to be withdrawn. The tax is scheduled to take effect on Jan. 1, 2027, with an annual deduction of 2.5 million won. Park said the tax could push more Korean capital to overseas crypto exchanges. The…

Gemini Space Station reported a $107.7 million net loss for the second quarter ended June 30, extending its run to four consecutive quarterly losses since its September 2025 Nasdaq listing.  Summary Gemini reported a $107.7 million Q2 net loss, its fourth consecutive quarterly loss since IPO. Total revenue rose 37% year over year to $45.5 million, led by expanding services revenue. Spot trading volume fell 66% year over year to $3.8 billion amid weaker crypto markets. Credit card revenue jumped 231% to $16.2 million while total transaction losses reached $20.1 million. Assets on platform declined 54% to $8.4 billion, reflecting…

A USENIX Security ’26 study has identified 65,340 high-risk address instances across Ethereum and BNB Smart Chain, linking them to 126,982.94 ETH and 17,726.7 BNB in native-token losses.  Summary Researchers identified 65,340 high-risk address instances across Ethereum and BNB Chain in their large-scale study. Estimated losses reached 126,982.94 ETH and 17,726.7 BNB, valued by researchers above $574.8 million overall. Researchers extracted 16.3 million private keys from 63,004 GitHub repositories for their cross-chain analysis dataset. Their detection framework achieved 99.11% precision after manual sampling validation across both analyzed blockchain networks. Two newly described attack vectors exploited deterministic contract addresses and EIP-7702…

Ether.fi has upgraded its non-custodial neobank with tokenized stocks and metals, portfolio-backed loans near 4%, payments in over 30 currencies, and programmatic ETHFI buybacks. Summary Ether.fi users can trade tokenized assets and hold them inside self-custodial vaults. An Aave market on Optimism supports loans against portfolios at rates currently near 4%. Cash card users receive 3% cashback, while higher membership tiers remove certain foreign-exchange fees. Tokenized stock trading remains unavailable in the United States and some other markets. Ether.fi neobank combines trading, loans, and payments According to Ether.fi’s Thursday announcement, the “Summer” release places crypto trading, tokenized real-world assets, portfolio…

Goldman Sachs Vice Chairman Rob Kaplan has backed the Federal Reserve’s 9–3 decision to hold interest rates at 3.50%–3.75% in July while urging policymakers to keep their options open before September. Summary Kaplan said the Fed was right to leave interest rates unchanged at its July meeting. Three policymakers supported a quarter-point increase, showing disagreement within the rate-setting committee. AI investment, tariffs, labor limits, and oil prices are creating competing inflation forces. Kaplan said fiscal deficits and bond supply concern him more than the federal funds rate. Why Kaplan supports the Fed’s July rate hold Bloomberg reported that Kaplan, a…

Goldman Sachs Vice Chairman Robert Kaplan has backed the Federal Reserve’s 9–3 decision to keep interest rates at 3.50%–3.75% in July, arguing that policymakers needed more time to assess inflation before acting. Summary The Fed held rates at 3.50%–3.75% in July despite three votes for an increase. Kaplan said incoming data should determine whether policymakers raise rates in September. AI investment, tariffs, labor shortages, and oil prices could keep inflation elevated. Kaplan said fiscal deficits, not Fed policy, are pushing long-term Treasury yields higher. Why Kaplan supports the Fed rate pause Bloomberg Television reported on Aug. 13 that Kaplan, a…

Neutrl has suspended minting, redemptions, and other protocol functions while it assesses an unspecified reserve issue affecting roughly $53.7 million of NUSD in circulation. Summary Neutrl stopped core protocol functions after circumstances affected its reserves. Legal counsel advised the suspension while the team determines the scale of the impact. NUSD continues to trade near $0.998 despite limited secondary-market volume. Neutrl’s reserve dashboard says its financial figures are being recalibrated. Neutrl pauses redemptions during reserve assessment Neutrl said in an Aug. 13 X post that it had temporarily paused minting, redemptions, and other protocol functions following circumstances that affected the protocol’s…