Storj Labs files Chapter 11 bankruptcy after raising $35M
The decentralized cloud storage provider filed for Chapter 11 restructuring in a move linked to its 2022 SPAC merger and subsequent financial challenges.
The Cryptonomist · +3 outlets
South Korea's KB Kookmin Bank to launch blockchain cross-border payments on JPMorgan's Kinexys
The largest bank in South Korea plans to launch a blockchain-based corporate cross-border payment service next month using JPMorgan's Kinexys platform.
The Block · +14 outlets
EU adds HTX and seven other crypto platforms to Russia sanctions list
The European Union added HTX, EXMO, Rapira, BitPapa and others to its Russia sanctions list, barring transactions starting August 23.
The Block · +14 outlets
BitMart to wind down trading platform; global CEO says he was not consulted
BitMart's global CEO said he learned of the exchange closure when it went public and that his employment was terminated on July 24.
The Block · +14 outlets
Michael Saylor teases 'another color' after four weeks without a Strategy bitcoin buy
Strategy holds 843,775 BTC at an average cost of $75,476, with the position roughly $9.3 billion underwater as bitcoin trades near $64,600.
The Block · +3 outlets
Robinhood in talks to add Crypto.com prediction markets as Kalshi rivalry grows
A deal would let Robinhood customers trade yes-or-no contracts through Crypto.com's derivatives business, per WSJ, though no agreement has been reached.
The Block · +4 outlets
Bitcoin ETF weekly trading volume falls to lowest since October 2024; ether funds lead inflows
Ether ETFs have drawn nearly as much capital as bitcoin ETFs over the past three weeks despite holding roughly one-eighth the net assets.
The Block · +14 outlets
Triple-A hot wallet losses climb to $11.8M as new deposits keep being swept
The crypto payment firm said it is investigating the ongoing hot wallet drain and that customer funds are not affected.
The Block · +2 outlets
Celsius execs ordered to pay combined $16.1M over deceptive claims
A court ordered former Celsius executives to pay $16.1 million for making deceptive claims to customers before the lender's collapse.
Fintech Business Weekly
SEC's Hester Peirce says some crypto vaults and curators may be fund managers
Peirce indicated that certain crypto vault structures could require SEC registration as fund managers, raising compliance implications.
The Block · +5 outlets
Stablecoin settlement bank Augustus secures $180M funding; Korean exchanges become acquisition hotspots
Weekly funding roundup highlights Augustus's $180M raise and growing M&A interest in Korean crypto exchanges.
PANews
Axis Robotics raises $12M seed funding for physical AI data infrastructure
The robotics startup secured $12 million in seed funding to expand its physical AI data infrastructure operations.
bloomingbit
Prentis, AI lab co-founded by Reid Hoffman and Marc Pincus, seeks $100M at $1B valuation
The AI lab focused on automating office work is fundraising at a $1 billion valuation.
Bitcoin World · +3 outlets
Temple valuation hits $375M, launches employee share buyback
The company reached a $375 million valuation and initiated an employee share buyback program.
Whalesbook
GoSats raises $5M Series A to expand asset-based rewards platform
The rewards platform raised $5 million in Series A funding to grow its asset-based rewards offering.
ascendants.in · +5 outlets
CARPL.ai raises $10M Series A led by IFC
The AI startup closed a $10 million Series A round led by the International Finance Corporation.
Whalesbook · +5 outlets
Stacks (STX) crashes to $0.13 even as PoX-5 testnet goes live
The STX token price fell sharply despite the launch of the PoX-5 testnet upgrade.
AMBCrypto
Tether funded both sides of its own chain war
Tether reportedly provided financial backing to competing initiatives in the blockchain infrastructure space.
Crypto News · +14 outlets