Bitcoin-gold correlation tops 50% as debt fears return, Grayscale says
Bitcoin’s 90-day correlation with gold has topped 50% as its Nasdaq link weakens, according to Grayscale’s debasement trade research.
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The Sandbox to reimburse SAND holders after 14.7M token bridge exploit
The Sandbox has pledged to reimburse eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth roughly $700,000 from an Ethereum vault. According to The Sandbox’s Aug. 27 post-mortem, users who legitimately held bridged…
Virtu completes sovereign bond repo in 10 minutes
Virtu, M1X and Tradeweb completed an onchain repo using Marshall Islands bond USDM1, settling the full cycle within 10 minutes.
Sheikh Tahnoon reportedly controls 49% stake in World Liberty bank holding firm
World Liberty Financial’s proposed US trust bank has drawn a major Abu Dhabi backer, with Sheikh Tahnoon bin Zayed Al Nahyan and co-investors reportedly controlling 49% of the holding company behind the federally chartered venture. The Wall Street Journal reported…
OCC overhauls bank supervision and enforcement rules
The OCC revised bank supervision manuals and proposed dividing legal breaches into substantive and technical violations under a risk-based model.
Galaxy adds 24/7 emergency services at Helios
Galaxy partnered with Total Safety to provide continuous fire, rescue and medical coverage at its expanding Helios data center in Texas.
Dunamu, Visa explore stablecoin payments and AI
Dunamu and Visa will explore stablecoin payments, global remittances, OUSD business models and AI-driven commerce under a new partnership.
Evernorth sets Sept. 30 vote for XRP treasury merger
Evernorth’s S-4 is effective, clearing Armada shareholders to vote Sept. 30 on its proposed XRP treasury merger and Nasdaq listing.
SEC sues 38 entities over fake adviser filings
The SEC sued 38 entities accused of using false adviser filings, nonexistent auditors and fake certificates to appear legitimate to investors.
BitGo acquires NYDIG institutional trading business
BitGo acquired NYDIG’s institutional trading business, adding 30 employees and capabilities across derivatives, financing and execution.
Ledger rejects hack claim after OneKey recreates bug
Ledger rejected OneKey’s hack claim after researchers reproduced a patched flaw that could display one transaction while signing another.
Genius Group plans $827M Bitcoin, $800M AI treasuries
Genius Group has proposed raising capital through perpetual preferred securities to build an $827 million Bitcoin treasury and an $800 million AI portfolio within a $2 billion total-asset target for fiscal 2031. Genius Group turns to preferred capital Genius Group…