Bitfire stablecoin ambitions are accelerating even as the Hong Kong crypto firm posts a HK$245 million half-year loss. Bitfire reported a profit warning on May 21 disclosing a net loss of up to HK$245 million ($31.28 million) for the six months through March 2026. The loss is nearly 19 times larger than the HK$12.3 million
Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure. The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies and leverage capped at roughly 25% of net asset value. The strategy is
Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round, with participation from Ripple, signaling growing institutional interest in blockchain interoperability solutions. The round was led by North Island Ventures, with additional backing from Dialectic and Borderless. Funding Details and Growth Trajectory This latest injection brings Squid’s total funding to $13.5 million
Steve Erlick and senior macroeconomics analyst Noel Acheson discussed the historic change in FED leadership and its potential impact on cryptocurrency markets. The discussion focused on the future of the markets in light of Jerome Powell’s term ending and Kevin Warsh’s expected succession. Noel Acheson, author and analyst for the Crypto Is Macrone newsletter, discussed
Strategy (NASDAQ: MSTR) is under renewed scrutiny, with noteworthy insider sales coinciding with ongoing volatility in Bitcoin (BTC) markets. Most notably, CFO Andrew Kang has sold 5,597 MSTR shares at prices between $163.98 and $166, according to May 19 SEC filings. Prior to the move, he received 12,500 shares through vested restricted stock units (RSUs).
Tetra Digital Group’s CADD, Canada’s first regulated Canadian dollar stablecoin issued by a financial institution, can now be custodied by Anchorage Digital for institutional clients. As of May 22, institutions can now hold CADD through Anchorage Digital, a federally chartered crypto bank and qualified custodian that offers regulated digital asset infrastructure to banks, fintechs and
Minnesota financial institutions can no longer afford to remain on the sidelines as Wall Street aggressively captures digital asset infrastructure, driving a state-level legislative push to halt deposit flight and insulate the local economy, a local legislator and a banker told CoinDesk. “Over the last several years, I’ve consistently heard concerns about the increasing amount
The prolonged slump in crypto markets is increasing pressure on firms with digital asset exposure, including Anthony Scaramucci’s SkyBridge Capital, whose flagship fund posted another quarterly loss. SkyBridge’s $1.3 billion SkyBridge Opportunity Fund fell nearly 13% during the first quarter of 2026, according to investor disclosures. Around 64% of the fund remains tied to crypto
A tiny island territory with a population smaller than most college towns is attempting something no nation has pulled off: running its entire economy onchain. Bermuda’s Premier David Burt is working with Circle to turn that vision into reality, with $USDC, Circle’s dollar-pegged stablecoin, serving as the digital plumbing. The effort isn’t theoretical anymore. On