Market
$400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares
A September 3 vote would cut holder balances 160-for-1, then return authorized capacity to 3 billion shares.
Sentiment: Neutral
Latest stories
Market
Bitcoin weekend blip wiped out $250M in over leveraged long traders while open interest weakens
Open interest fell 2.65% and funding stayed near baseline, pointing to leverage clearing rather than longs rebuilding.
Technology
Bitcoin holders face unresolved fork risks as new eCash test chain launches ahead of October deadline
The Aug. 23 blocks used practice pECX while final software, replay rules and exchange handling remain unresolved.
Technology
Bitcoin Core considers dropping encrypted routing support as poor node health exposes users to eclipse attacks
The 32.x warning and 33.x removal sequence remains a proposal as maintainers test whether sparse fallback routes add resilience.
Crypto
Pakistan gives crypto platforms a September 5 deadline to comply or leave
Exchanges and other providers already serving the country must enter the new licensing process or stop affected services.
Derivatives
The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
Washington has made it easier to trade crypto with leverage than to raise the money needed to create the next generation of tokens.
Digital Asset Treasuries
Crypto treasury firm seeks 20B share ceiling and reverse splits after launching $300M stock offering
The proposals would set a 20 billion-share ceiling and grant three years of broad reverse-split authority.
Stablecoins
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
A $29 billion retreat from Treasury bills shows why stablecoins are now becoming so important to US debt financing.
Debt
Ripple relies on locked XRP reserves to back a $275 million institutional credit line
KBRA’s BBB rating gives Ripple Prime investment-grade access, but expected parent support and mostly escrowed XRP remain central to the credit case.
Banking
America is creating a new class of crypto banks – but they aren’t really banks
Washington is giving crypto companies the legal shell of a bank while stripping away nearly everything consumers normally expect a bank to do.
Regulation
Local’s access to global crypto platforms could end under Nigeria’s proposed capital floor
Exchanges and custodians would need ₦2 billion in capital, while foreign-currency stablecoins face 120% backing.
Taxes
Everyday crypto users face monthly tax bills on total asset value if covered brokers fail to collect under new Illinois rules
Blockchain Association and CCI seek injunctions, but the filing itself did not suspend the 0.2% levy.
