Tom Lee's BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge
Leading Ethereum treasury firm BitMine Immersion Technologies posted a major loss thanks to unrealized losses on its ETH. Source: Decrypt
eToro Acquires Self-Custody Crypto Wallet Firm Zengo for $70 Million
The deal signals eToro’s strategic push into self-custody solutions amid growing demand for non-custodial crypto infrastructure. Source: Decrypt
Wall Street won’t buy ‘trustless’ security promises
Chen argues that crypto exchange security is still mostly theater, and that stricter enforcement is essential. Source: CoinDesk
Pakistan Lifts 8-Year Crypto Banking Ban Following Trump Family, Binance Deals
Banks in Pakistan can now provide services to registered crypto firms—but not trade crypto themselves—after a 2018 ban was rescinded. Source: Decrypt
Crypto Long & Short: Fighting fraud in the digital age: why state-led identity is the future
In this week’s Crypto Long & Short Newsletter, Tricia Gallagher writes how the fix for broken digital identity systems will need to be state-led and user-controlled. Source: CoinDesk
Online Casino Operator's Stock Surges on Crypto.com Prediction Market Deal
Shares in High Roller Technologies nearly doubled Tuesday after the firm announced it was entering the prediction markets space. Source: Decrypt
Bitcoin developer Jameson Lopp says it's better to freeze 5.6 million BTC than let hackers have them
Lopp says dormant coins could pose systemic risk if quantum computing gives attackers the ability to grab them, intensifying the growing “freeze or not freeze” debate. Source: CoinDesk
Why Morgan Stanley's CFO sees tokenization as the next big step for its multi-trillion wealth business
Morgan Stanley CFO Sharon Yeshaya says the bank is eyeing a “tokenized world” where blockchain technology allows client assets and liabilities to move more efficiently across its wealth management platform. Source: CoinDesk
'Nothing Ever Happens': This Bot Always Bets 'No' on Polymarket, And It Has a Point
Sterling Crispin’s ‘Nothing Ever Happens’ bot automatically buys “No” on every non-sports Polymarket it finds. It’s not that crazy. Source: Decrypt
New Bitcoin Proposal Would Freeze Coins to Counter Quantum Threat
The proposal would phase out Bitcoin’s original security methods and freeze coins that don’t move in time. Source: Decrypt