Author: 行政
Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut
On July 28, Ionic Digital, which acquired Celsius Mining assets after Celsius Network’s bankruptcy, began trading on Nasdaq under the ticker IOND. The direct listing created a public market for existing Class A shares, including shares issued in connection with the Celsius bankruptcy plan, but it did not automatically let every holder of creditor-linked stock sell. Related ReadingCelsius distributes $2.53 billion, some creditors leave funds unclaimedIonic Digital, a new Bitcoin mining company borne out of Celsius bankruptcy, said it has energized a facility in Texas. Aug 27, 2024 · Oluwapelumi Adejumo Because this was a direct listing, Ionic sold no…
Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution
Bitcoin briefly topped $65,000 on Thursday after US economic growth fell short of forecasts.Data from CryptoSlate show the largest cryptocurrency trading near $64,729 as of press time after reaching an intraday high of $65,071 and recovering from a low of $63,205.The advance followed data showing the US economy expanded at a 1.5% annualized rate in the second quarter. That was below both the first quarter’s 2.1% pace and analysts’ forecast of 2.1% growth.The headline miss initially offered a favorable setup for Bitcoin because weaker growth can increase pressure on the Federal Reserve to ease monetary policy. Lower rates would reduce…
Morgan Stanley Ethereum and Solana ETFs outperform rivals as second-day inflows reach $33 million
Morgan Stanley’s new Ethereum and Solana exchange-traded funds drew $33 million on their second trading day, outperforming larger rivals and giving the Wall Street firm an early foothold in two increasingly competitive markets.The Morgan Stanley Ethereum Trust, trading under the ticker MSSE, attracted $14.03 million on Wednesday, while the Morgan Stanley Solana Trust, or MSOL, recorded $19.03 million, according to SoSoValue data.MSSE’s intake exceeded that of BlackRock’s ETHA, the dominant US spot Ethereum ETF, even as the broader category recorded approximately $19 million in net outflows. Total net inflows into Ethereum ETFs since launch remained at $11.19 billion.MSOL accounted for…
BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees
BitMEX settled 35 derivatives today, July 30, closing any remaining positions and canceling open orders as the exchange moved another step toward its September shutdown.BitMEX’s settlement log shows 33 contracts closing almost on the stroke of noon, at 12:00:05 UTC. EURUSD and USDCHF followed at 12:32:25 and 12:33:25 UTC. With prices now posted for the full 35-contract batch, the early settlement flagged in BitMEX’s July 22 notice is complete.BitMEX attributed the delistings to insufficient trading interest and its planned exchange shutdown. It described the process as an early settlement, not a margin liquidation. Related ReadingBitMEX shuts down without an FTX…
A 90% shareholder rebellion just forced this public company to dump its entire Bitcoin treasury at a crushing £39,984 per-coin loss
Shareholders of Satsuma Technology Plc approved a capital return and delisting with 90.63% and 90.59% of votes cast, respectively, against the majority board’s recommendation. The votes put the UK-listed Bitcoin treasury company on a path toward selling its Bitcoin and returning cash to shareholders.The result converted the conditional proposal CryptoSlate covered on July 16 into an approved process. Satsuma’s July 20 announcement says the board authorized immediate preparations to close trading activities and sell the Bitcoin, while the official circular indicatively targets a sale on or around Aug. 3. Related ReadingA US Bitcoin treasury company sold every BTC because debt…
FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely
FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements.Eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31, according to FTX’s fifth-distribution notice. Related ReadingFTX continues to exclude Nigeria and China in remaining creditor repayments but includes PayoneerPayoneer’s addition offers limited relief as key FTX creditor markets remain marginalized in payouts. Jun 11, 2025 · Oluwapelumi Adejumo FTX’s July 24 creditor FAQ distinguishes allowed-claim…
How a $1.9 billion ‘Bitcoin reserve’ ended up in the top corporate rankings without buying a single coin
As of July 30, BitcoinTreasuries ranked Bitcoin Standard Treasury Company fifth among public companies, displaying 30,021 BTC worth about $1.9 billion.Its live profile labels the amount “BTC Holdings” and “Bitcoin Reserve,” although the transaction documents describe the coins as contributions intended for a corporate treasury that has not closed on its announced terms.The picture changed on July 8. Cantor Equity Partners I (CEPO), a publicly traded SPAC, and BSTR scrapped the deal’s original terms and began discussing a new structure.The private placements fell away, CEPO postponed its shareholder meeting indefinitely, and investors got their redemption shares back. BSTR and CEPO…
BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury
BNB Plus, formerly known as Applied DNA Sciences, now pairs a BNB treasury strategy with its LineaRx biotechnology business. The company agreed to pay $1 million in cash and issue 200,000 preferred shares to end its relationships with Cypress, which had held discretionary authority over company-designated crypto accounts and wallets.The July 23 deal followed Nasdaq’s suspension of BNBX trading, and subsequent filings name no replacement for departed chief investment officer Patrick Horsman.The settlement ended a digital-asset management agreement with Cypress LLC, a strategic-adviser agreement with Cypress Management LLC and an October 2025 consulting agreement with Horsman, according to a July…
August brings another high-profile slate of Semiquincentennial products from the U.S. Mint, including enhanced uncirculated Morgan and Peace silver dollars, two additions to the Best of the Mint series, and the fourth 1776 ~ 2026 quarter for circulation. The month also includes the Comic Art Three Medal Set featuring Superman, Batman and Wonder Woman. US Mint products scheduled for release in August include 1776 ~ 2026 Morgan and Peace silver dollars Best of the Mint sets Constitution quarters and Comic Art medals Most of August’s numismatic releases carry dual dates of 1776 ~ 2026, Liberty Bell “250” privy marks or…
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?
Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched.Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception.Nearly $27 million has left the products since demand reversed in the second half of July, ending a nine-week run of consecutive inflows, SoSoValue data show.Hyperliquid ETFs Weekly Flow (Source: SoSoValue)Data from CryptoSlate shows that the fund retreat has coincided with a more than 13% monthly decline in Hyperliquid’s HYPE token,…