Bitcoin price fell towards $72,000 after US military strikes on Iran pushed oil higher and sent shock through risk assets
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Bitcoin price fell towards $72,000 after US military strikes on Iran pushed oil higher and sent shock through risk assets
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.
Anthropic will supply its Claude AI models to 21 firms in the UK Financial Conduct Authority's Supercharged Sandbox, enabling them to test AI applications like fraud detection and compliance automation in a regulated environment.
Payward, Kraken's parent company, has partnered with global fintech GTN to launch its blockchain-based xStocks outside the U.S. for the first time. The expansion begins with Hong Kong-listed equities, with plans to include U.K., European, and South Korean stocks, aiming to address capital market fragmentation.
Celsius co-founders Alexander Mashinsky, Shlomi Daniel Leon, and Nuke Goldstein face permanent court orders banning them from significant parts of the crypto and asset-services business and combined obligations of $16.5 million following the crypto lender's bankruptcy.
BitGo and OTC Markets Group plan to partner on digital asset trading and custody infrastructure for over 150 broker-dealers using OTC Link ATS. This alliance aims to expand institutional access to tokenized securities through existing market infrastructure, leveraging BitGo Bank & Trust as custodian.
S&P Dow Jones Indices and Pantera Capital have launched a new digital asset index that tracks blockchain networks based on protocol revenue, rather than market capitalization. This index, designed for institutional allocation, includes 18 constituents like Ether, BNB, and Solana, and aims to distinguish established blockchain activity from speculative exposure.
