Polygon Labs said to have laid off 60 staff following new $250 million acquisition Polygon Labs, the firm behind the Ethereum scaling network Polygon, has laid off 60 staff following its acquisition of Coinme and Sequence for more than $250 million, according to a source familiar with the matter who spoke to CoinDesk. The layoffs…
South Korea Tightens Crypto Access as Google Play Blocks Unregistered Exchanges Android users in South Korea will soon lose access to apps from overseas cryptocurrency exchanges that are not registered locally, after an update affecting Google Play availability. Beginning January 28, users in South Korea will no longer be able to download or update apps…
Esports Team Ninjas in Pyjamas Mines $14 Million in Bitcoin as Operation Expands NIP Group Inc., the publicly traded parent company of the esports team Ninjas in Pyjamas, said Thursday that it mined approximately 151.4 Bitcoin during its first three months of Bitcoin mining operations, spanning September through November. The company valued that production at…
Is Bitcoin Heading for a ‘Parabolic Blowoff’ Mirroring Gold? Analysts Weigh In Analysts are drawing comparisons between the structure of bitcoin’s exchange-traded fund (ETF) flows and the setup that preceded gold’s historic surge in 2025, pointing to a similar pattern of persistent demand meeting constrained new supply. The core of the comparison centers on how…
Two solo bitcoin miners hit rare $300,000 jackpots in the same week Two solo bitcoin miners independently mined blocks this week, with each collecting a full block reward worth roughly $300,000. The back-to-back wins are unusual in a mining landscape dominated by large pools and industrial operators. In bitcoin, mining a block is a probabilistic…
State Street, a $36 billion bank, is aiming to change legacy finance using blockchain tech State Street is pushing deeper into blockchain-based financial infrastructure, positioning the technology as a way to modernize long-standing processes in traditional finance. With a market capitalization of roughly $36 billion and trillions of dollars in assets under custody, its approach…
Bitcoin Holds Key Support As Weekend Liquidity Sets In — $98,200 And $107,500 In Focus Bitcoin remained anchored above a key support level as weekend trading got underway, with market attention centered on two closely watched price markers: $98,200 and $107,500. The focus reflects how market participants often treat weekends as a distinct trading environment….
Popular burger chain Steak ’n Shake adds $10 million in Bitcoin to corporate treasury Steak ’n Shake said it has added $10 million worth of Bitcoin to its corporate treasury this week, expanding its involvement with crypto beyond payments and into balance-sheet holdings. The fast-food chain has been accepting Bitcoin payments across its U.S. locations…
Two solo bitcoin miners hit rare $300,000 jackpots in the same week Two solo bitcoin miners independently mined full blocks this week, each earning a complete block reward worth roughly $300,000. The back-to-back wins stood out in a mining landscape typically dominated by large, industrial operations. In Bitcoin mining, finding a valid block is a…
Saylor Defends Bitcoin Treasury Firms Amid Rising Criticism Michael Saylor pushed back against growing criticism of companies that hold Bitcoin on their balance sheets, arguing that the decision should be treated as a straightforward corporate finance choice rather than a moral or ideological statement. Speaking on a podcast, Saylor said that buying Bitcoin should be…
White House Considers Pulling Crypto Bill Support if Negotiations Fail: Report The White House is prepared to withdraw its support for a crypto-related bill if negotiations over a proposed “yield” framework break down, according to the information provided. The pressure point appears to be an ongoing disagreement between Coinbase and banking interests. The White House…
What comes next: State of Crypto January 15 is set to be a consequential date for U.S. crypto policy, with a key markup and committee vote scheduled on the CLARITY Act. The proceedings will determine whether the bill advances, placing renewed focus on how federal lawmakers may reshape oversight of digital assets. A markup is…
Solana ETFs Draw in $23.6M, Hitting a Four-Week High U.S. spot Solana exchange-traded funds (ETFs) recorded $23.57 million in net inflows on Wednesday, marking their highest single-day intake in four weeks, according to data from SoSoValue. The inflows indicate a notable pickup in capital moving into regulated Solana investment products, after a period in which…
White House Considers Pulling Crypto Bill Support if Negotiations Fail: Report The White House is weighing whether to withdraw its support for a pending crypto-related bill if talks over a key dispute break down, according to the provided details. At the center of the standoff is Coinbase and an unresolved debate over a “yield framework”…
Chainlink, Cardano and Stellar Futures Begin Trading on CME Next Month CME Group said it plans to launch futures contracts tied to Cardano (ADA), Chainlink (LINK), and Stellar (XLM) on February 9, pending regulatory approval. The move would expand CME’s suite of crypto derivatives beyond its existing lineup, offering market participants additional tools to gain…
BitMine’s $200 million MrBeast-linked investment seen as strategic diversification: B. Riley BitMine Immersion Technologies (NASDAQ:BMNR) drew fresh attention after B. Riley reiterated a Buy rating on the stock and maintained its $47.00 price target, following the company’s announcement of a $200 million investment in Beast Industries. In comments accompanying the rating reiteration, the bank characterized…
Nexo becomes Audi Revolut F1 Team sponsor in 4-year deal The Audi Revolut F1 Team announced Friday a multi-year partnership with crypto lender Nexo, naming the company its official digital asset partner as Audi enters Formula 1 racing this year. The agreement is described as a four-year global sponsorship deal, positioning Nexo alongside Audi’s newly…
Senate Democrats signal seriousness about rebooting stalled crypto markets bill U.S. Senate Democrats are expected to reopen talks with representatives from the cryptocurrency industry on Friday, according to people familiar with the plan who spoke to CoinDesk. The renewed outreach follows a setback earlier in the week. Efforts are under way to restart movement on…
PNC Bank CEO says stablecoins must choose: be a payment tool or a money market fund PNC Bank CEO Bill Demchak warned that stablecoins are heading toward a regulatory crossroads, arguing that the market needs to draw a clearer line between tokens designed for payments and products that function more like investments. Demchak’s comments focused…
Bitcoin Trades Near $96,800 After Hitting a Two-Month High Bitcoin climbed to $96,750 as major cryptocurrencies traded higher, extending a broader move to the upside across the market. By this morning, Bitcoin was trading around $96,800, but it had slipped from the two-month high it reached on Wednesday, indicating some cooling after the latest surge….
