Why Did World Raise Another $52.5 Million? World Foundation has raised $52.5 million through a strategic sale of WLD tokens as the organization moves from building its identity network to expanding World ID adoption among enterprises, consumers and AI agents. Pantera Capital led the first close, with participation from Bain Capital Crypto, Eightco Holdings, Selini
Why Is Dango Closing Its Network? Layer-1 blockchain Dango will halt trading on its perpetual decentralized exchange on Wednesday before shutting down the network entirely on Aug. 13, less than seven months after launching its mainnet. “Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting
What Would The Stop Insider Trading Act Prohibit? The U.S. House of Representatives has approved legislation restricting members of Congress and their immediate families from buying publicly traded stocks, sending the measure to the Senate for consideration. Lawmakers passed the Stop Insider Trading Act in a 232-198 vote on Wednesday. The bill would prohibit members
Why Is LMAX Reviewing Strategic Options? Institutional trading platform LMAX Group is evaluating a possible sale or public listing that could value the London-based company at up to $5 billion. LMAX is working with Morgan Stanley and KBW, the investment banking unit of Stifel, as it reviews several routes. The options include a traditional initial
Former global Bitcoin mining leader Poolin Technology and its affiliated entities have officially filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey. The court filing marks the operational end of a multi-year decline that began with China’s 2021 crypto mining ban and escalated through severe liquidity
Brent crude oil settled above $100 a barrel on Thursday for the first time in two months after Houthi forces said they struck two Saudi tankers in the Red Sea, then gave back part of the move within a session. The global benchmark closed at $100.69, a gain of about 7% and a fifth consecutive session
What Did Cory Klippsten Say About Twenty One Capital? Swan Bitcoin CEO Cory Klippsten has accused Tether of exercising effective control over Twenty One Capital and using the publicly traded Bitcoin treasury company to advance its interests in the United States. Klippsten argued that Tether had “obfuscated it to some degree,” but said the stablecoin
BitMEX is facing a proposed class action in the United States that seeks the return of more than 622 BTC ( or $40.39 million at press time) from two traders who allege the derivatives exchange designed its liquidation system to profit from forced liquidations. The lawsuit was filed on the same day BitMEX announced plans
Why Did The EU Add HTX To Its Sanctions List? The European Union has sanctioned cryptocurrency exchange HTX as part of a new package targeting financial networks accused of helping Russia evade restrictions imposed over the war in Ukraine. HTX was included among 14 companies providing cryptocurrency services that the EU said had helped Russian
A proposed ethics restriction in the Senate’s latest CLARITY Act draft would automatically expire at noon on January 20, 2029—the exact moment President Donald Trump’s current term is scheduled to end. The sunset clause has become a new source of controversy around the cryptocurrency market structure bill, with Democratic lawmakers and ethics advocates questioning why