South Korea opens investigation into Bithumb after $43B trading error
South Korea’s financial regulator has initiated a comprehensive investigation into the local cryptocurrency exchange Bithumb following the erroneous transfer of over $43 billion in bitcoin to consumers last week. On Tuesday, Yonhap news agency reported that the Financial Supervisory Service opted to elevate what was intended to be a regular examination into a comprehensive probe […]
Bitmine purchases $84M ETH during dip, says onchain data
BitMine Immersion Technologies acquired $83.6 million in ETH on Monday, reinforcing its investment in the future of Ethereum. Arkham Intelligence reports that the Ethereum treasury corporation purchased 20,000 ETH from FalconX at approximately 12:40 p.m. on Monday. Onchain analytics service Lookonchain said that the company acquired an additional 20,000 ETH from BitGo within a comparable […]
Binance increases SAFU holdings by $300M in BTC as prices fall
Binance acquired $300 million in Bitcoin for its SAFU reserve, elevating the fund over $720 million as the exchange transitions its emergency buffer to BTC. On Monday, Binance augmented its emergency reserves by an additional $300 million in Bitcoin, persisting with its initiative of a Bitcoin-backed protection fund amid ongoing market pressures. According to blockchain […]
World Liberty Financial Offloads Bitcoin as Price Falls Back to 2021 ATH
World Liberty Financial has sold $5 million in Bitcoin as its price falls, with the sale occurring as the BTC price fell to a 2021 high of $69,000. World Liberty Financial, a crypto project backed by U.S. President Donald Trump, liquidated a significant amount of its Bitcoin holdings as the BTC price fell to its […]
Jupiter lands $35M deal, brings Polymarket to Solana
Jupiter said that Polymarket will be incorporated into its platform, while ParaFi Capital has made a $35 million strategic investment in JUP with an extended lockup. The Solana-based decentralized exchange Jupiter announced its integration of Polymarket into the network, positioning this development as an initiative to enhance Jupiter’s functionality as a comprehensive on-chain forecasts hub. […]