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Appeals court upholds ruling that Custodia is not entitled to a Fed master account

Appeals court upholds ruling that Custodia is not entitled to a Fed master account

An appeals court has ruled that Custodia is not entitled to a Federal Reserve master account, the latest move in a years-long journey for the digital asset bank to get access. In a filing on Friday in the U.S. Court of Appeals for the Tenth Circuit, the judges certified a previous decision made by a…

Bernstein initiates coverage on Ethereum treasury firm SharpLink with 75% upside target

Bernstein initiates coverage on Ethereum treasury firm SharpLink with 75% upside target

Analysts at research and brokerage firm Bernstein initiated coverage on Ethereum treasury company SharpLink Gaming (ticker: SBET) on Thursday with an outperform rating and a $24 price target by the end of 2026 — implying approximately 75% upside potential from its Oct. 29 closing price of $13.61.Mod…

Sam Altman-backed World’s ‘proof of human’ IDs coming to FIFA, NFL and Pudgy Penguins games

Sam Altman-backed World’s ‘proof of human’ IDs coming to FIFA, NFL and Pudgy Penguins games

High-profile web3 projects World and Mythical Games are joining forces in an effort to distinguish human gamers from bots.As part of the integration Mythical will bring its gamers to the World network while also leveraging World's "proof of human" ID technology for gamers signing up or signing on to…

JPMorgan executes first fund-servicing transaction on its Kinexys blockchain

JPMorgan executes first fund-servicing transaction on its Kinexys blockchain

JPMorgan is extending its Kinexys blockchain beyond payments and repo trading into the back-office plumbing of private markets.The bank said Thursday that its asset and wealth management divisions, together with fund administrator Citco, completed the first transaction using Kinexys Fund Flow, a new…

Treasury Dept.’s renderings of $1 Trump coin draws criticism from lawmakers over ties to TRUMP memecoin

Treasury Dept.’s renderings of $1 Trump coin draws criticism from lawmakers over ties to TRUMP memecoin

News that the U.S. Treasury Department is working on $1 coin featuring President Donald Trump drew ire from lawmakers who say it's appalling that renderings on the back of the coin draw ties to the TRUMP memecoin.Democratic Sen. Chris Van Hollen asked the nominee for the next Mint Director at Treasu…

TeraWulf upsizes private offering to $900 million to fund Texas data center expansion

TeraWulf upsizes private offering to $900 million to fund Texas data center expansion

TeraWulf Inc. (ticker WULF) now plans to raise $900 million from privately offered convertible senior notes due 2032 as the firm pivots from core bitcoin mining operations to building artificial intelligence data facilities.The upsized print follows TeraWulf’s earlier proposed $500 million offering,…

Grayscale spot Solana ETF sees $1.4M inflows on debut as over $500M exits Bitcoin and Ethereum funds

Grayscale spot Solana ETF sees $1.4M inflows on debut as over $500M exits Bitcoin and Ethereum funds

Grayscale's new U.S. spot Solana exchange-traded fund, GSOL, attracted modest net inflows of $1.4 million on its Oct. 29 debut, according to Farside and SoSoValue data, having completed its conversion from a closed-end trust.In comparison, Bitwise's BSOL, which launched a day earlier, added another …

Hong Kong’s top regulator flags digital asset treasury risks: report

Hong Kong’s top regulator flags digital asset treasury risks: report

Hong Kong's securities watchdog is studying how listed companies operate digital asset treasuries (DAT) and exploring whether relevant guidelines are necessary, local media reported.Kelvin Wong Tin-yau, the chairman of Hong Kong's Securities and Futures Commission, said in a Tuesday media briefing t…

Solana Company adds $20 million in SOL, touts 7% yield as institutional staking funds hit the market

Solana Company adds $20 million in SOL, touts 7% yield as institutional staking funds hit the market

Nasdaq-listed Solana Company (ticker HSDT), formerly Helius Medical Technologies, continued to expand its Solana treasury this month, adding roughly 100,000 SOL worth about $20 million to bring total holdings to more than 2.3 million tokens, according to a Wednesday note.The firm also reported an av…

Ethereum’s Fusaka hard fork activates on final testnet ahead of mainnet launch

Ethereum’s Fusaka hard fork activates on final testnet ahead of mainnet launch

Ethereum’s next hardfork, dubbed Fusaka, went live on the Hoodi testnet on Tuesday in its final step towards mainnet activation expected before the end of the year. Hoodi represents the third and final testnet deployment, following successive activations on Holesky and Sepolia earlier this month. Th…

Visa adding support for four stablecoins on four unique blockchains, as spend quadrupled last quarter

Visa adding support for four stablecoins on four unique blockchains, as spend quadrupled last quarter

In an effort to increase the ways payments can be settled and money moved across the Visa network, the debit and credit card giant plans to support multiple stablecoins."We are adding support for four stablecoins, running on four unique blockchains, representing two currencies, that we can accept an…

OceanPal closes $120 million offering to launch SovereignAI and digital asset treasury in collaboration with NEAR Foundation

OceanPal closes $120 million offering to launch SovereignAI and digital asset treasury in collaboration with NEAR Foundation

Nasdaq-listed shipping company OceanPal Inc. has completed a $120 million private investment in public equity (PIPE) to fund the launch of SovereignAI Services LLC — a wholly owned subsidiary focused on building digital asset and AI infrastructure in collaboration with the NEAR Foundation.Several cr…