Strategy’s bitcoin premium vanishes as mNAV crashes to 1x
The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.
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Crypto influencer Scooter explores defamation claim against Burwick Law
Scooter is exploring defamation remedies after Burwick Law claimed crypto influencer Scooter threatened “livelihood-destroying campaigns.”
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Crypto Capital Corp’s $850M collapse linked to Israeli mafia cocaine ring
Crypto Capital Corp wound down after $850M was seized sometime between late 2018 and early 2019, but the ramifications continue to be felt.
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NFT investor Adam Weitsman’s X account hacked to shill ‘Clawed Ape Yacht Club’
Hackers took control of scrap-metal billionaire Adam Weitsman’s X account to post a forex trading scam and a fake NFT crypto project.
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China’s Regulation 42 forces Tether to kill its CNHT stablecoin
Tether has never been in a better place than it is right now, at least in the US. But in China, it’s a...
Chinese banks freeze accounts over crypto memos
Chinese nationals are reporting that putting “Bitcoin,” “Dogecoin” or “USDT” in the memo field of a transfer causes the account to be frozen.
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US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
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Nobitex users rush for exit after Tehran airstrikes crash Iranian currency
Iran’s largest crypto exchange, Nobitex, is experiencing issues with its Tether/Toman trading pair during a 700% surge in outflows.
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Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting
Kalshi apparently allowed traders to bet on Ali Khamenei’s ousting, racked up $54M in trades, then voided the result when he was killed.
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Justin Sun’s TRON stock is dying
TRON Inc. has essentially become a vehicle for Justin Sun to purchase hundreds of millions of TRX tokens to prop up his personal...
