Key Takeaways Leading crypto mining firm, Bitdeer reported a net loss of $531.9 million for the fourth quarter of 2024. The firm noted that the loss was mainly owing to non-cash fair value changes in derivative liabilities—$413.7 million related to…
Key Takeaways Bankrupt crypto exchange FTX is set to distribute over $5 billion in repayments to its creditors on May 30. The announcement came via a notice from the FTX Recovery Trust on May 15, signaling a critical milestone in…
Key Takeaways Summer Mersinger, one of the four commissioners at the  U.S. Commodity Futures Trading Commission(CFTC), announced her resignation on Wednesday. She will be donning the role of a CEO Blockchain Association in her next stint. As per her statement,…
Key Takeaways The Democratic Party of Korea formed a new committee called the Digital Asset Committee, which is tasked with addressing regulatory challenges and supporting the growth of the crypto sector in South Korea. The committee held its inaugural meeting at…
Key Takeaways Leading crypto custody firm, BitGo has received regulatory approval from Germany’s Federal Financial Supervisory Authority (BaFin) to operate under the Markets in Crypto-Assets Regulation (MiCA) framework across EU. This license permits the Frankfurt-based firm to deliver digital asset…
Key Takeaways Backpack Exchange has begun processing withdrawals for users of the now-defunct FTX EU. The platform confirmed that eligible customers may begin reclaiming their funds starting May 12, 2025. This follows Backpack’s acquisition of FTX EU in January 2025…
Key Takeaways Bitcoin SV (BSV) investors are attempting to revive a major legal claim against Binance, arguing in the UK Court of Appeal that the exchange’s 2019 decision to delist BSV led to lasting financial harm and suppressed the token’s…
Key Takeaways Crypto exchange Gemini has obtained a Markets in Financial Instruments Directive (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the firm to offer regulated crypto derivatives which includes perpetual futures, to retail and institutional users…
Key Takeaways Leading Bitcoin miner TeraWulf reported $34.4 million in revenue for Q1 2025, marking a 19% year-over-year drop as the company faced multiple operational headwinds. The decline was largely attributed to the April 2024 Bitcoin halving, which cut mining…
Key Takeaways Leading crypto exchange Coinbase reported a 10% quarter-over-quarter decline in total revenue for the first quarter of 2025, totaling $2 billion. Despite showing year-on-year growth from $1.64 billion, the figure fell short of the $2.12 billion market forecast.…
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