Kraken Lays Off 150 Staff Amid AI Expansion, Pushes IPO to 2027

Crypto exchange Kraken has cut 150 employees as part of a cost-optimization strategy driven by artificial intelligence deployment across its operations, according to Bloomberg. The layoffs represent another significant workforce reduction in the crypto sector and have reportedly delayed the company’s planned initial public offering in the United States to 2027, pushing back its original…

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Iran is Apparently Trying to Turn One of the World’s Most Dangerous Shipping Lanes Into a Bitcoin Market

Iran Wants to Turn the Strait of Hormuz Into A Bitcoin Market State-linked Fars News has reported that Iran’s economy ministry has been quietly developing a plan called Hormuz Safe, a maritime insurance platform designed to provide coverage for cargo vessels navigating the Persian Gulf, the Strait of Hormuz, and surrounding waterways. The twist that…

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A Crypto bridge was quietly drained of $11.6 million and nobody noticed until it was too late

The Crypto Bridge Verus Protocol quietly drained of $11.6 million On Monday, the crypto bridge named Verus Protocol’s Ethereum bridge became the latest victim in what is turning into one of crypto’s most brutal stretches of security failures. A hacker walked away with at least $11.58 million in cryptocurrency — not through some sophisticated cryptographic…

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VerifiedX Bets Bitcoin’s Future Is Programmable and Private With New Sidechain

VerifiedX, a new Bitcoin sidechain project, is positioning itself as a solution to a persistent problem in crypto: how to unlock utility from bitcoin without compromising the asset’s core value proposition. The project argues that most existing Bitcoin DeFi infrastructure relies too heavily on custodians, bridges and synthetic wrappers, leaving native bitcoin largely underutilized despite…

VerifiedX Bets Bitcoin's Future Is Programmable and Private With New Sidechain

Michael Saylor Defends Bitcoin Sales Strategy to Protect Asset Value and Credit Rating

MicroStrategy executive chairman Michael Saylor has clarified that floating the possibility of Bitcoin sales is not a departure from the company’s long-term commitment to the asset, but rather a necessary signal to maintain its credibility with financial institutions. Speaking on The Wolf Of All Streets podcast on May 10, Saylor explained that maintaining a strict…

Michael Saylor Defends Bitcoin Sales Strategy to Protect Asset Value and Credit Rating

Bitcoin Holds the Line as Wall Street Blinks

The CLARITY Act moved through the U.S. Senate Banking Committee, another sign that lawmakers are finally trying to build rules around digital assets instead of fighting them in courtrooms and press conferences. Under normal conditions, that kind of development would have sent Bitcoin roaring higher. Instead, Bitcoin barely moved. The world’s largest cryptocurrency spent most…

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THORChain Halts Trading After Suspected A $10 Million Exploit

THORChain Halts Trading After Suspected Exploit THORChain, a decentralized cross-chain liquidity protocol, has suspended all trading and signing operations following a suspected exploit exceeding $10 million. The halt was triggered after blockchain investigator ZachXBT flagged suspicious activity across multiple blockchains. The THORChain alerts Telegram channel announced the pause, extending it to block 26191149, an estimated…

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Fidelity Just Launched a Tokenized Crypto Fund on Chainlink Rated By Moody

Fidelity Just Launched a Tokenized Crypto Fund on Chainlink Fidelity International, a firm that manages roughly one trillion dollars in client assets and has been a quiet, conservative pillar of institutional investment management for decades, has launched a tokenized liquidity fund. Not announced it. Not filed paperwork. Not published a research paper exploring the theoretical…

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