Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls
The proposed threeway merger between Twenty One Capital, Mallers' Strike, and Elektron Energy has been abandoned. Source:CoinDesk
Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April
The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June. Source:CoinDesk
UK Parliament begins inquiry into banking chokepoint for crypto businesses
The UK’s Crypto and Digital Assets AllParty Parliamentary Group (APPG) is focused on banks that refused crypto firms accounts or introduced restrictions on…
Exodus to cut 25% of global workforce in payments shift
This restructuring is part of a strategy to build a fullstack payments platform following the company's acquisitions of Monavate and Baanx. Source:CoinDesk
Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
The longterm deal sparked a rebound in AI compute stocks after investors questioned demand for new data center capacity. Source:CoinDesk
Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock.
The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply. Source:CoinDesk
Saylor's Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged
For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred…
Bank of Korea prepares for live CBDC transactions with 9 banks in September
Major banking heavyweights join a massive blockchain network test that will allow retail consumers to trade tokenized won freely across commercial lines.…
Hyperliquid plans to add decentralized prediction markets in upgrade to HIP-4
Permissionless prediction markets will become available first on testnet and later on mainnet, Hyperliquid said. Source:CoinDesk
Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit
The attacker used a $1.12 million flash loan from Kamino to manipulate pool ratios, enabling them to withdraw assets at favorable rates before bridging funds.…
Amazon Japan supplier AZ-Com Maruwa to adopt yen stablecoin JPYC for payments
The Japanese logistics firm plans to pay 2,300 partners, including truck drivers, using JPYC in Japan’s first largescale corporate stablecoin rollout.…
Kraken says simpler options can unlock crypto's next derivatives market
The Wyomingbased firm launched USDsettled bitcoin and ether options, saying product design, not demand, has held back adoption. Source:CoinDesk