Quick Summary: Crypto market maker Keyrock has raised Series C funding at a $1.1 billion valuation, led by Standard Chartered’s venture arm SC Ventures. Keyrock, a Brussels-based crypto market maker, has closed a Series C funding round that values the company at $1.1 billion. The round was led by SC Ventures, the venture building and investment arm of Standard Chartered. Existing backer Ripple also participated in the investment, the company announced on Tuesday.According to Keyrock, the fresh capital will be directed toward strengthening its balance sheet, broadening its product offerings, and pursuing acquisitions as the firm expands its global presence.…
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Quick Summary: Nakamoto sold 284 bitcoin at an average price of $70,422 each, raising $20 million as its stock sits roughly 99% below its May 2025 peak. Nakamoto has sold 284 bitcoin, generating $20 million from the transaction. The sale works out to an average price of $70,422 per bitcoin. The move comes as the company’s stock has experienced a dramatic decline from its recent peak.Nakamoto’s share price has fallen approximately 99% from its all-time high, which was reached in May 2025. The scale of that decline marks a significant reversal for the company within a relatively short period. The…
Quick Summary: Options on Hashdex’s diversified NCIQ ETF are now available, giving investors new ways to hedge, earn income, and manage risk across digital assets. Hashdex’s diversified crypto ETF, the NCIQ, now has options available for investors. These new instruments allow market participants to hedge positions, generate income, and manage risk across a broad basket of digital assets. The development marks a notable expansion in the tools available to those seeking exposure to the cryptocurrency market.The introduction of options on the NCIQ ETF is seen as particularly significant for institutional investors. Previously, such participants faced barriers when attempting to implement…
Quick Summary: F2Pool co-founder Wang Chun sold a Thai condo for 7 BTC, a fraction of the 2,900 BTC he spent on it a decade ago when Bitcoin was worth $270. Wang Chun, co-founder of cryptocurrency mining pool F2Pool, has revealed that he recently sold a condominium in Pattaya, Thailand, for just 7 Bitcoin, compared to the 2,900 BTC he originally paid for the property in 2015. Chun disclosed the transaction in a post on X on Tuesday, drawing widespread attention to the steep opportunity cost of spending early Bitcoin holdings on real estate. At the time of purchase, Bitcoin…
Quick Summary: Digital asset investment firm Keyrock is now valued at $1.1 billion following a Series C round led by SC Ventures with participation from Ripple. Keyrock, a digital asset investment firm, has achieved unicorn status after completing a Series C funding round that values the company at $1.1 billion. The round was led by SC Ventures, with Ripple also participating as an investor. The milestone marks a significant step in Keyrock’s growth within the digital asset space.The capital raised through the funding round is earmarked for several strategic purposes. Keyrock plans to use the funds to strengthen its balance…
Quick Summary: Nakamoto, the Bitcoin treasury company chaired by David Bailey, sold 284 BTC for $20 million and offloaded Metaplanet shares at a steep loss in Q1. Nakamoto, the Bitcoin treasury company formerly operating as KindlyMD, sold approximately 284 Bitcoin during March for a total of $20 million, implying an average sale price of around $70,400 per coin. That figure represents a roughly 20% discount to the company’s year-end 2024 valuation of $87,519 per coin, when it held 1,625 BTC valued at $142.2 million. Following the transaction, Nakamoto’s Bitcoin holdings stand at approximately 5,058 BTC, down from 5,342 BTC at…
Quick Summary: At least 42 Democratic lawmakers urge US regulators to warn federal employees against using insider knowledge to trade on prediction markets. At least 42 Democratic lawmakers have written to the Commodity Futures Trading Commission and the Office of Government Ethics, calling on both agencies to issue guidance warning federal employees against using nonpublic information to trade on prediction markets. The letter was prompted by what the lawmakers describe as multiple incidents that have fueled speculation about possible insider trading by government personnel. The lawmakers are requesting a briefing and answers to a series of questions by April 13.Prediction…
Quick Summary: Bitcoin’s demand relative to supply has dropped to 1.3 from above 5, as rising U.S. real yields pressure the zero-yielding asset. Bitcoin’s demand relative to its supply has fallen sharply, dropping to 1.3 from a previous level above 5. This significant decline signals a notable shift in market dynamics for the leading cryptocurrency. The move reflects growing pressure on risk assets as broader financial conditions tighten.Rising U.S. real yields, particularly on the 10-year Treasury Inflation-Protected Securities, are presenting a headwind for assets like bitcoin that offer no yield. When real yields climb, investors tend to favor interest-bearing instruments…
Quick Summary: KuCoin’s parent firm Peken Global Limited will pay a $500,000 civil penalty to settle CFTC claims it ran an unregistered offshore commodities exchange. Peken Global Limited, the parent company of cryptocurrency exchange KuCoin, has agreed to pay a $500,000 civil penalty to resolve allegations brought by the US Commodity Futures Trading Commission. The US District Court for the Southern District of New York entered a consent order formalising the settlement. Peken Global accepted the terms without admitting or denying the regulator’s claims.The CFTC alleged that KuCoin operated as an unregistered offshore commodities exchange, running what the agency described…
Quick Summary: Google research finds quantum computers may need fewer than 500,000 qubits to crack Bitcoin and Ethereum encryption, raising urgency for post-quantum upgrades. New research from Google suggests that quantum computers could break the cryptographic protections underpinning major cryptocurrency blockchains using significantly less power than previously estimated. The study, released on Monday, finds that a quantum computer equipped with fewer than 500,000 physical qubits could crack the encryption securing Bitcoin and Ethereum. Researchers describe this as a roughly 20-fold reduction in the number of qubits previously thought necessary. A qubit is the basic unit of computation in a quantum…
