🥷 According to ZachXBT, THORChain appears to have been exploited across multiple chains, including Bitcoin, Ethereum, #BSC, and Base. Stolen funds have already exceeded $10M.
🇺🇸📝 USA - NY Empire State Manufacturing Index (May) = +19.6 (exp +7.3 / prior +11)
🕵️ Strategy to Repurchase $1.5B Convertible Notes, May Fund Deal With Bitcoin Sales
The company disclosed in an 8-K filing that it has agreed to repurchase approximately $1.5 billion principal amount of its outstanding 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash through privately negotiated transactions. Funding may come from cash reserves, ATM equity sales, and/or Bitcoin sales.
The company disclosed in an 8-K filing that it has agreed to repurchase approximately $1.5 billion principal amount of its outstanding 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash through privately negotiated transactions. Funding may come from cash reserves, ATM equity sales, and/or Bitcoin sales.
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🗣 Figure says its robot crossed 30 hours of continuous autonomous work with no downtime.
🇺🇸💰 Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO
According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. Payward confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation ahead of a potential IPO once market conditions improve. #regulation
According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. Payward confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation ahead of a potential IPO once market conditions improve. #regulation
🇺🇸📊 CME and ICE Urge US Regulators to Crack Down on Hyperliquid Over Oil Market Risks
Bloomberg reported that CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to tighten oversight of crypto trading platform Hyperliquid. They warn that its anonymous trading environment could distort global oil prices and enable market manipulation. The exchanges raised concerns with the CFTC and U.S. lawmakers that the Singapore-based platform could be exploited by insiders or sanctioned state actors. #regulation
Bloomberg reported that CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to tighten oversight of crypto trading platform Hyperliquid. They warn that its anonymous trading environment could distort global oil prices and enable market manipulation. The exchanges raised concerns with the CFTC and U.S. lawmakers that the Singapore-based platform could be exploited by insiders or sanctioned state actors. #regulation
📈 #BTC Glassnode: Bitcoin network activity is rebounding fast. Historically, surges in Network Growth above the 60 level have coincided with the end of local bottoms and the return of stronger market conditions. Our Vector framework shows BTC is now approaching that same inflection zone.
🤔 Bitcoin financial services platform Onramp raised $12.5M in a Series A at a $135M valuation, led by Early Riders.
The firm now custodies over $1B in assets with zero security incidents and plans to expand its Multi-Institution Custody network and roll out its new banking-style platform, Onramp Finance.
The firm now custodies over $1B in assets with zero security incidents and plans to expand its Multi-Institution Custody network and roll out its new banking-style platform, Onramp Finance.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +1,761 $BTC (+$139.54M)
7D NetFlow: -12,802 $BTC (-$1.01B)
Ethereum ETFs:
1D NetFlow: -2,350 $ETH (-$5.21M)
7D NetFlow: -93,376 $ETH (-$206.83M)
Solana ETFs:
1D NetFlow: +125,256 $SOL (+$11.15M)
7D NetFlow: +672,781 $SOL (+$59.88M)
Bitcoin ETFs:
1D NetFlow: +1,761 $BTC (+$139.54M)
7D NetFlow: -12,802 $BTC (-$1.01B)
Ethereum ETFs:
1D NetFlow: -2,350 $ETH (-$5.21M)
7D NetFlow: -93,376 $ETH (-$206.83M)
Solana ETFs:
1D NetFlow: +125,256 $SOL (+$11.15M)
7D NetFlow: +672,781 $SOL (+$59.88M)