Author Archives: pdgweb

Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets. Read More at https://cointelegraph.com/news/crypto-treasury-firms-below-nav-sequans-bitcoin-exit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The France-based semiconductor company has fully unwound a Bitcoin treasury that once held more than 3,200 BTC as more firms scale back crypto holdings. Read More at https://cointelegraph.com/news/sequans-exits-bitcoin-treasury-strategy-after-selling-remaining-314-btc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume. Read More at https://cointelegraph.com/news/sofi-moves-25b-card-program-to-stablecoin-settlement-with-mastercard?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation. Read More at https://cointelegraph.com/news/new-york-polymarket-illegal-gambling-operation-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes. Read More at https://cointelegraph.com/news/ibm-banks-swift-ledger-tokenized-deposit-transfers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships. Read More at https://cointelegraph.com/news/solana-foundation-binance-cmo-payments-executive?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

HIFI CEO Zach Walsh told Cointelegraph the $37 million Series A is the company’s first priced funding round, though HIFI did not disclose its valuation. Read More at https://cointelegraph.com/news/hifi-raises-37m-to-expand-stablecoin-payments-tokenized-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bybit’s global campaign positions it as a broader financial platform, though its stock, gold and forex derivatives were already available. Read More at https://cointelegraph.com/news/era-pure-crypto-exchanges-end-bybit-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The EBA outlined potential rules for crypto lending and firms providing access to DeFi protocols as part of the European Commission’s MiCA review. Read More at https://cointelegraph.com/news/eu-eba-crypto-lending-defi-mica-rules?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin traded near $83,200 as Fed hike odds reached about 75% and Treasury prepared a $6 billion buyback of long-dated bonds. Read More at https://cointelegraph.com/markets/bitcoin-fall-84k-treasury-yield-hits-19-year-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound