Bitcoin price fell towards $72,000 after US military strikes on Iran pushed oil higher and sent shock through risk assets
Résumé généré par IA
Bitcoin price fell towards $72,000 after US military strikes on Iran pushed oil higher and sent shock through risk assets
BitMEX, one of the oldest crypto derivatives platforms, will cease operations on September 23 at 04:00 UTC, citing a strategic business review. New sign-ups are halted, trading will wind down by August 26, and users have two months to withdraw funds, with fees for parked balances.
Kakao Group, including Kakao Pay and Kakao Bank, signed an MOU with Circle Internet Group to explore won-backed stablecoin payments and cross-border remittances in South Korea, anticipating upcoming crypto regulations.
Mirae Asset Consulting, an affiliate of a major South Korean financial group, completed its acquisition of a controlling 92.06% stake in crypto exchange Korbit for 133.48 billion won, becoming its largest shareholder. Korbit confirmed operations and customer asset segregation remain unchanged.
Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading services for its customers in the Italian-speaking Ticino region, partnering with digital asset bank Sygnum and using Avaloq's banking software to offer Bitcoin, Ether, Litecoin, and Solana.
Grayscale's head of research, Zach Pandl, suggests Bitcoin's price may have bottomed earlier than the traditional four-year cycle, driven by macroeconomic factors like Federal Reserve interest rate decisions. Other analysts offer differing views on the timing of a market bottom.
MVMT Labs, the developer behind Movement Network, filed for Chapter 11 bankruptcy in July 2024, listing $1M-$10M in liabilities against $100K-$1M in assets, just months after raising $38M. Creditors now face uncertainty regarding asset ownership and claims amid a complex operating structure involving multiple related entities.
