Deals
Bakkt promised a $44 trillion payment revolution, but its key acquisition made just €5,315
The 2025 statements recorded €5,315 in other income and €373,857 in cash before the April acquisition.
stablecoins
Latest stories
Analysis
Inside the uncollateralized deal that locked up 6 million SUI until 2028 while SUI Group trades at a 25% NAV discount
The uncollateralized receivable runs to 2028, while an Aug. 6 sensitivity puts market value 24.5% below company-calculated NAV.
DeFi
Is crypto dead yet? Project shutdowns peaked this April but the latest 2026 data hides a scarier trend
New tracker logs 109 records of crypto project shutdowns, wind-downs, and inactivity as banks build controlled blockchain rails.
Analysis
A massive 100 million PROVE tokens unlock today, but razor-thin liquidity reveals a market unprepared for a 51% supply shock
CoinGecko shows 208.33 million and Tokenomics.com 233.332 million, but accessible official terms confirm only the investor-and-contributor tranche.
Stablecoins
USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlook
Redemptions exceeded mints, yet circulation rose 19% as lower reserve yield sharpened attention on an undisclosed ARC Token contribution.
Digital Asset Treasuries
After 3 reverse stock splits and a $13.5M loss, this real estate firm bet $8M on crypto it may not be allowed to withdraw
The full balance is restricted, while scoped liens and token rights leave its freely usable share undisclosed.
Digital Asset Treasuries
One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story
The token rewards roughly matched its non-GAAP cash-cost proxy but remained unsold as warrants for up to 33.5 million shares became exercisable.
Digital Asset Treasuries
Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug
Enlivex pledged commercially reasonable efforts to hold the shareholder vote within 60 days, while the second $400 million remains optional.
Derivatives
BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees
Public records show all listed contracts now have settlement prices; BitMEX’s next trading restriction begins Aug. 26.
Hacks
On-chain data shows 5,280 ETH draining into single address following quiet Triple-A wallet breach
Public Ethereum flows show 5,287 ETH entering one cited address, while source-wallet ownership and the access path remain unconfirmed.
Payments
31 newly discovered vulnerabilities expose 99% of x402 crypto payments to asset theft and free shopping
The 15 operators covered 99% of observed transactions, with two free-shopping cases validated and other high-impact tests deliberately bounded.
Digital Asset Treasuries
Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
Voluntary sales removed KULR’s collateral risk and Smarter Web’s near-term maturity and 7.7 million potential shares.
