Steak ‘n Shake reported a 10.7% increase in same-store sales for Q2, with the company crediting Bitcoin acceptance as a “game changer” for their business. The chain saves approximately 50% on processing fees by accepting Bitcoin payments through the Lightning Network across all 400 US locations. Reddit users are callingContinue Reading
The new law allows banks with over US$50 million capital to offer cryptocurrency services. It targets “sophisticated investors” holding more than US$250,000 in liquid assets, including Bitcoin. Licensed institutions can hold Bitcoin, issue tokens, and create regulated crypto-linked investment products. El Salvador’s National Assembly has passed the Investment Banking Law,Continue Reading
The LayerZero Foundation has proposed a US$110 million acquisition of Stargate Bridge which would see the bridge’s STG token discontinued and its DAO dissolved entirely. If passed by a vote of STG token holders, the deal would see governance of Stargate Bridge moved into the hands of the LayerZero Foundation,Continue Reading
Bo Hines has resigned as the Executive Director of the White House Crypto Council to return to the private sector. During his tenure, he proposed a “budget-neutral” strategy to acquire Bitcoin for a national reserve by revaluing government gold holdings and selling a portion of them. Patrick Witt, who hasContinue Reading
The Russian cybercrime group GreedyBear has stolen over US$1 million in crypto in just five weeks. The group achieved this by creating over 150 malicious Firefox extensions that impersonate popular crypto wallets like MetaMask and TronLink. According to security firm Koi Security, this campaign represents a new, “industrial scale” ofContinue Reading
Ethereum (ETH) is leading a new altcoin season, with its price surging almost 50% in the last month to trade at around US$4,271. The rally is fueled by strong institutional interest, with Ethereum ETFs accumulating US$8.7 billion in inflows over the past year. Analysts believe this could be the startContinue Reading
Ripple and SEC mutually dismiss appeals, officially ending the long-running XRP lawsuit. Judge Torres’ mixed 2023 ruling remains as the final, unchallenged judgment. Each party agrees to pay its own legal costs in the final court filing. Ripple Labs and the US Securities and Exchange Commission (SEC) have formally endedContinue Reading
Parataxis Holdings will go public and acquire South Korea’s Bridge Biotherapeutics, rebranding it as Parataxis Korea to establish a direct presence in the Korean market. The company plans to build a US$640 million Bitcoin treasury, positioning itself as a major institutional BTC holder targeting both US and Korean investors. TrumpContinue Reading
Last week’s US Federal Reserve meeting caught markets off guard – so what will this mean going forward? Incoming inflation and retail data may change current expectations on future rate cuts. Markets from Wall Street to crypto have slipped into a tense holding pattern, with many major digital currencies fallingContinue Reading
With enhanced returns and yield exposure, Ethereum-focused corporates are taking the lead over spot ETFs. Standard Chartered projects further growth in ETH treasury participation. ETH currently trades at US$3,652 (AU$5,597), with a US$4,000 (AU$6,128) year-end target. Standard Chartered believes Ethereum treasury firms are outperforming US spot ETFs by providing superiorContinue Reading
