Author: 行政

Buying shares in a Bitcoin treasury company gives ownership in a business that holds Bitcoin, and management decides how to pay for the coins and when to buy or sell them.The company also has bills to pay and may owe money to lenders, so the shares’ value depends on those decisions and Bitcoin’s price.France’s Capital B is a Bitcoin treasury company that makes that relationship easy to see. Between Aug. 17 and Sept. 7, its treasury Bitcoin holdings increased from 3,145 BTC to 3,521 BTC, roughly 12%.However, Bitcoin per share barely moved under the company’s calculation, which includes some shares…

Imagine your company has enough money to pay a supplier, but the money is in its Singapore account and the bill must be paid from New York. If the transfer between those accounts has to wait until Monday, having enough cash overall doesn’t solve the immediate problem.Businesses work around this by moving money early or keeping extra cash in accounts where they might need it. Both tie up money that could be used elsewhere, and sometimes a company even borrows in one country while its own cash is available in another.Banks want to make those transfers easier. On Sept. 5,…

Bitwise is closing its Dogecoin ETF after investors largely bypassed the fund in favor of competing products.On Sept. 10, the asset manager said the Bitwise Dogecoin ETF, or BWOW, will stop trading on NYSE Arca on Oct. 14 and be liquidated the following week, less than 11 months after launch.Bitwise said the liquidation is part of an effort to optimize its product lineup as investor needs evolve. Share creation will stop before trading opens Oct. 15, with remaining investors expected to receive cash based on the fund’s Oct. 21 net asset value around Oct. 22.The closure comes as the broader…

Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto industry should reward partial restitution.The standoff follows an unusual recovery from the Sept. 6 exploit, when a vulnerability allowed the attacker to create about 4,000 unbacked L-BTC and withdraw roughly 3,996 real BTC through SideSwap. The attacker returned 3,400 BTC after Blockstream patched affected nodes, then demanded a 10% bounty paid from Blockstream’s own funds and warned that holders could otherwise bear a roughly 15% shortfall.Table compiles on-chain messages attributed to the Liquid hackers and Blockstream, including PGP-signed exchanges and…

Metaplanet is cutting executive rewards after concluding that later Bitcoin purchases created less value per share.On Sept. 11, the Tokyo-listed Bitcoin treasury company announced it has reset its Series 10 stock acquisition rights, eliminating more than $220 million in warrant value. This also removes compensation generated by share issuance after September 2025, when its capital raises began producing sharply weaker gains in Bitcoin per diluted share.The move will cancel 131.3 million potential shares, or 41.1% of the Series 10 pool, and reduce the remaining unexercised shares by 55.5% to about 105.4 million.More significantly, Metaplanet has drawn a line between expanding…

Nasdaq’s agreement to invest $100 million in Payward, Kraken’s parent company, adds a planned surveillance rollout to a push into tokenized and always-on markets. One day earlier, Citadel Securities asked U.S. regulators to keep products tied to public companies, including equity-linked event contracts and perpetual derivatives, inside the Securities and Exchange Commission’s perimeter.Together, the two moves expose the gate facing always-on markets. The disputed products use public-company shares, prices or reported financial metrics as reference points. Their legal classification shapes the listing path, market access and investor protections. Nasdaq’s technology could help Payward monitor trading across crypto, equities, tokenized equities,…

SideSwap reopened its markets on Liquid while the network’s route back to Bitcoin remained closed. The split gives Liquid Bitcoin a market price before holders regain the process that converts L-BTC into BTC.At 22:55 UTC on Sept. 10, a Blockstream explorer endpoint showed 4,229 L-BTC outstanding. A simultaneous Bitcoin address reading for the cited federation reserve showed 3,601 BTC. Those two readings imply reserve coverage of about 85.15% and a gap of roughly 627 BTC at that moment.SideSwap’s Sept. 10 statement said Liquid was producing blocks and all SideSwap markets were open. New peg-ins and peg-outs through SideSwap remained closed…

U.S. Bank has completed a live cross-border payment pilot using USBDC, its proprietary U.S. dollar-backed stablecoin. The transaction demonstrated in a limited test that the lender could move its own token between bank entities on a public blockchain while keeping established financial controls connected.The payment moved value between U.S. Bank entities in North America and Europe on Stellar, a public blockchain network used for payments, according to the bank’s September 9 announcement. It was an intercompany pilot, not a customer transaction. The announcement did not disclose the amount moved, a plan for customer access or a commercial rollout date.Although the…

Canada’s banking regulator has finalized a narrow change to its crypto capital rules that should reduce capital overstatement for some market-neutral positions without broadly easing how banks must treat digital-asset risk.The Office of the Superintendent of Financial Institutions’ 2027 guideline, published Sept. 10, treats all regulated exchanges of traditional financial assets as one exchange when banks calculate delta risk for qualifying Group 2a crypto exposures. That allows positions in the same crypto asset on different qualifying regulated exchanges to receive full capital recognition when they also have the same time to maturity. Related ReadingThe Fed is readying to punish banks…

Coinbase CEO Brian Armstrong says Bitcoin’s latest bottom is already in, even as the cryptocurrency remains below a level that historically confirmed recoveries.Armstrong said in Sept. 10 interviews with Bloomberg and CNBC that he expects Bitcoin to trend higher over the next one to two years as the market approaches its next halving, while calling $400,000 by 2030 a “reasonable target.”“I personally think we’ve seen the bottom of the Bitcoin price in this cycle,” Armstrong said, framing the view as his own rather than a Coinbase forecast.The call comes with Bitcoin trading around $77,000, roughly 39% below the record $126,198…