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Wintermute takes aim at Wall Street’s crypto ETF gatekeepers

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Crypto trading giant Wintermute has secured a crucial foothold in US securities markets, clearing a major regulatory hurdle to serving as an authorized participant for digital asset exchange-traded products. On Aug. 6, the firm announced that its subsidiary, Wintermute USA LLC, is now registered as a broker-dealer with the Securities and Exchange Commission (SEC) and … Read more

Bitcoin’s $65K recovery shows its growing immunity to bad news as ETFs and whales buy $2 billion

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Bitcoin climbed back above $65,000 this week, extending an unusual stretch of resilience as the cryptocurrency absorbed a string of developments that would typically pressure prices. The top digital asset rose about 2% over the past 24 hours to as high as $65,212, its strongest level since late July, CryptoSlate data shows. The move coincided … Read more

Inside the uncollateralized deal that locked up 6 million SUI until 2028 while SUI Group trades at a 25% NAV discount

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SUI Group Holdings has lent 6 million SUI tokens to Bluefin Markets under an uncollateralized agreement that lets the borrower reuse the assets and gives the Nasdaq-listed treasury company a share of Bluefin’s revenue. The arrangement may improve income, but SUI Group has not disclosed the revenue base needed to show that it can compensate … Read more

An AI data center firm just raised $25 million, but 90% of it vanishes in days to pay off one massive loan

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Data-center and AI infrastructure company, Bitzero Holdings, plans to use $22.375 million of its roughly $25 million private placement to repay secured-loan principal on or about Aug. 6. The principal alone would consume 89.5% of the headline proceeds, while the warrants issued with the financing could eventually add 11.7 million shares. The company closed the … Read more

Bitcoin miners’ AI pipelines are on trial as Texas freezes 474 GW of data center requests

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Texas Gov. Greg Abbott ordered the Public Utility Commission and ERCOT to audit every data center project seeking a grid connection before regulators approve any new projects. The order puts AI infrastructure tied to Bitcoin miners under scrutiny, while the audit verifies each project’s power sourcing, water use, cooling plans, and ownership. The order covers … Read more

TeraWulf’s Bitcoin mining revenue fell 73% as AI related leases reached 71% of sales

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TeraWulf’s Bitcoin-mining revenue fell 73% year over year in the second quarter as high-performance computing and artificial intelligence leases reached 71% of sales, accelerating the company’s shift away from its original business. According to the firm’s second-quarter report, digital asset revenue dropped to $12.8 million from $47.6 million a year earlier. On the other hand, … Read more

BitGo investors face flood of Aug. 7 class-action deadline warnings

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A wave of law-firm alerts is warning BitGo investors about an Aug. 7 deadline. However, the cutoff applies only to those seeking to lead a proposed securities class action against the crypto custodian. Over the past few days, several law firms, including DJS Law Group, Faruqi & Faruqi, and Schall Brown & Schwartz, have issued … Read more

SEC filings show a $17.4 billion BlackRock crypto reversal as mystery investors redeem 106,000 BTC

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BlackRock’s spot Bitcoin and Ethereum ETFs recorded a combined $3.5 billion net decrease from capital-share transactions in the second quarter, reversing a $13.9 billion increase a year earlier, according to new SEC filings. The $17.4 billion year-over-year swing measures trust-level share creation and redemption activity. The Aug. 6 filings for the iShares Bitcoin Trust ETF … Read more