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An AI firm plans to rebuild an $827 million treasury after selling all its Bitcoin to repay debt. CryptoSlate said a proposed preferred raise covers 1.51% of the target before AI allocations and an 18-month dividend reserve.
Bitcoin dropped below $77,000 after Fed Chair Kevin Warsh renewed higher-rate concerns at Jackson Hole. The move helped drive a $488 million crypto liquidation cascade, with Bitcoin down about 4% over 24 hours.
Capital B raised €21 million from Adam Back and TOBAM to fund further bitcoin purchases. The French treasury company currently holds 3,145 BTC, worth more than $245 million at current prices.
IBIT regained key weekly options expiries in Q3 after a Tier 2 rule overhaul lowered eligibility thresholds to $25 billion in AUM and 5 million monthly options sides, according to CryptoSlate.
Bullish is providing USD.AI with $100 million in stablecoin liquidity for loans backed by AI computing infrastructure, according to Cointelegraph. Terms including duration, rates and collateral valuation were not disclosed.
BitGo plans to acquire NYDIG IF Holdings, NYDIG’s trading arm, for $7 million in cash and approximately $35.5 million in stock, plus a potential $15 million earnout, CoinDesk reported.
Ethena, issuer of the $4 billion USDe token, expects real-world asset perpetuals to become a larger part of its backing than crypto derivatives within 12 to 24 months, as equity perpetuals gain momentum.
SBI is buying a 20% stake in Indonesian online brokerage Ajaib for $270 million. The Japanese financial group plans to use the investment to expand a yen stablecoin and build a blockchain-based cross-border settlement network in Southeast Asia.
French Bitcoin treasury firm Capital B raised $24.5 million in a private placement backed by Adam Back and TOBAM. Warrant exercises could provide up to another $158 million amid cryptocurrency market uncertainty.
Circle’s USDC will take over Chelsea’s jersey in its first Premier League sponsorship deal. Financial terms were not disclosed, although earlier reports said the club was seeking £65 million annually for the shirt sponsorship.
Bullish is extending a $100 million debt facility to USD.AI to finance loans backed by GPUs used in artificial intelligence infrastructure, CoinDesk reported. USD.AI’s related crypto asset trades under the ticker CHIP.
HMRC’s first breakdown shows 17,600 UK taxpayers declared £1.38 billion in crypto gains. Just 240 crypto millionaires accounted for more than half, with most filers under 55 and 87% men.
About $6.4 billion in Bitcoin options are due to expire in Deribit’s Friday settlement, representing nearly one-fifth of the exchange’s BTC open interest. Max pain is well below Bitcoin’s current trading level.
The Japanese Bitcoin Industry has unveiled Aurora, a Bitcoin and Lightning-focused initiative designed to improve cross-border payments for global fans of Japan’s anime and games market, valued at 2 trillion yen.
Public Citizen estimates investors lost $4.7 billion through Trump-linked crypto ventures, while saying USD1 stablecoin holders have not suffered major losses. The claims draw attention to WLFI, USD1 and TRUMP.
