Deribit moved 90% of client assets to Coinbase, then killed its daily proof-of-reserves check
Deribit will remove its public Proof of Reserves page on Sept. 1, ending a daily check customers could use to verify balance inclusion and compare aggregate liabilities with published wallet holdings. Regulator-required reserve, reconciliation and audit…
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IREN’s AI cloud revenue. The company’s fiscal 2026 results, filed Aug. 27, show Bitcoin mining generated $578.2 million…
Coinbase’s $104M US500 trading spike hits an early reality check
Coinbase US500 futures reached a $100 million milestone, giving the exchange an early test of whether a crypto-native trading mechanism can travel into regulated US equity markets. The chart attached to Armstrong’s Aug. 28 post tracked trailing 24-hour…
UK crypto investors declared £1.38B in gains, but half came from just 240 people
HMRC has disclosed £1.38 billion in reported UK crypto gains, with just 240 investors accounting for more than half. The figures mark the first time HM Revenue & Customs has published crypto-specific Capital Gains Tax data, giving the agency a formal…
Bitcoin Knots is trying to fork Bitcoin again after its last chain died in two blocks
Bitcoin Knots is preparing a Sunday rehearsal for a BLAKE2b fork after its previous breakaway BIP-110 chain stalled. On Aug. 29, Bitcoin developer Luke Dashjr told SHA-2 miners to stop mining ahead of an Aug. 30 test that would replace Bitcoin’s SHA-256d…
Bernie Sanders Vows Legislation to ‘Stop Flock and AI Mass Surveillance’
The Vermont senator warned that the surveillance company’s 120,000-plus AI cameras are pushing the US toward a “surveillance state,” adding a prominent voice to a growing bipartisan backlash.
Bitcoin’s Oldest Coins Are Waking Up in 2026 at a Pace Rarely Seen
Galaxy Research shows coins untouched for 10-plus years moving at an unusual pace in 2026, with six ancient wallets shifting $40 million in a single 10-day stretch this month.
BitGo Buys NYDIG’s Institutional Trading Arm to Beef Up Derivatives and Financing
The roughly $42.5 million cash-and-stock deal adds derivatives, structured products and capital-markets capabilities, while letting NYDIG focus on its power and data-center business.
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270 Bitcoin. The immediate deal would leave the company’s stated measure of Bitcoin backing per diluted share almost unchanged,…
Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s as the synthetic dollar looks to recover from its 2026 contraction. On Aug. 28, Ethena revealed plans to extend the basis…