Bitcoin News Reader - Coinhills

A federal judge has allowed parts of an investor class-action lawsuit against Coinbase and certain executives to proceed, keeping allegations over risk disclosures alive in court. US District Judge Katherine Polk Failla ruled on August 20 that some claims could move into discovery. The court dismissed several claims but allowed allegations that Coinbase misled investors by conceali

Paolo Ardoino, CEO of top stablecoin issuer Tether, said USDT’s dollar-proxy function has scaled globally, giving developing countries access to foreign currency for domestic and cross-border commerce. Ardoino stressed that the company’s mission was more important than ever. Tether Highlights Developing Countries’ Heavy Reliance on USDT Stablecoins have become a key part of the eco

BitMEX will move into strict risk-limit mode on August 26 as part of its planned exchange wind-down. Starting at 04:00 UTC, users will only be able to close or reduce existing positions. New positions will no longer be allowed. Trading services are scheduled to permanently cease on September 23 at 04:00 UTC, according to the exchange’s official notice. BitMEX has described the proc

While even the oldest Bitcoiners disagree on what the Bitcoin network and its asset, bitcoin (BTC), are, a new survey showed that the existing knowledge gap among the general public might be turned into a major boost for this market. However, the same ignorance and misunderstanding of the asset is also among the factors contributing […]

The US Treasury Department has proposed new licensing rules for payment stablecoin issuers under Section 3 of the GENIUS Act, opening another major comment period for digital asset regulation. The proposed rulemaking was issued on August 18 and published on August 21. Under the proposal, payment stablecoin issuers would need to obtain a federal or state license starting January 18,

Jon Atack, a longtime Bitcoin Core contributor, commented on the declining level of adoption of bitcoin payments in El Salvador. During a lunch in El Zonte, AKA Bitcoin Beach, Atack, who has lived in the zone since 2022, was told his payment was the first made in BTC in a whole month. ‘Pretty Depressing’: Bitcoin […]

Ceffu, Binance’s institutional custody partner, deposited 136.54 million USDC onto Binance and then withdrew 1,524 BTC and 59,484 ETH worth a combined $263.8 million in a single 30-minute window on Aug. 24. A Familiar Custody Pattern Repeats Onchain sleuths reported that Ceffu deposited 136.54 million USDC into Binance before pulling 1,524 BTC (worth $117.89 million) […]

Strategy Inc., formerly MicroStrategy, has raised $2.01 billion through an at-the-market equity offering while reporting no new Bitcoin purchases during the latest weekly window. In an 8-K filed on August 24, the company said it sold 18.26 million shares between August 17 and August 23. The proceeds were used to establish a new “USD Cash” liquidity pool, add $300 million to its USD

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform. According to an Aug. 21 prospectus amendment filed with the…

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.

Coinbase has brought four 1:1-backed U.S. stock products to Base, allowing eligible non-U.S. investors to trade Apple, NVIDIA, Meta and Alphabet exposure around the clock. Base said in an Aug. 25 announcement that Coinbase Tokenized Stocks are now available natively…

Bitmine added another 32,447 ETH to its treasury last week as ether posted its strongest weekly gain since May 2025. The company now holds 5.85 million ETH, with more than 5.06 million tokens staked. Tom Lee Says 30% ETH Weekly Gain Could Signal a Bigger Move Bitmine Immersion Technologies continued its aggressive accumulation of ether […]

The Blockchain Association and Crypto Council for Innovation have filed a joint lawsuit challenging Illinois’ Digital Asset Tax Act, setting up a legal fight over whether the state can impose a transaction tax on digital asset activity. The lawsuit was filed in Illinois state court on August 21 and seeks to block the law before it takes effect on January 1, 2027. The Digital Asset

The U.S. Treasury Department has launched Operation Economic Outcast to target Iran’s international financial links, including cryptocurrency activity that American officials say supports sanctions evasion and the Islamic Revolutionary Guard Corps. Operation Economic Outcast targets Iran’s financial links The U.S.…