By Emir Abyazov Key highlights: Pantera invests $300M in crypto firms with tokens on their balance sheets. BitMine leads with 1.2M ETH, aiming to hold 5% of total Ethereum supply. Experts warn of risks from high leverage and bitcoin price volatility. Pantera Capital has invested $300 million in cryptocurrency-backed companies, targeting returns superior to ETFs. […]
Tag: ADA
By Emir Abyazov Key highlights: Do Kwon pleads guilty to two wire fraud charges, waives trial in New York federal court. Plea agreement includes $19 million financial penalties; sentencing set for December 11. The case follows the Terra collapse, causing $40B losses, marked by complex extradition and lawsuits. Do Kwon, co-founder of Terraform Labs, has […]
By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]