Month: August 2025

Ark Invest Boss Scoops $16-M More In BitMine Stock

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BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the Next Generation Internet ETF added 70,991 shares…

Investors withdraw lawsuit against Strategy over Bitcoin accounting practices

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A proposed class action lawsuit against Strategy which accused the business intelligence company and its executive chairman, Michael Saylor, of misleading investors about the risks of its substantial Bitcoin purchases, has been voluntarily dismissed by the plaintiffs, according to Bloomberg. Summary Investors have voluntarily dismissed a proposed class action against Strategy, closing claims the company misled shareholders over Bitcoin risks and accounting. The lawsuit, filed in May, accused Michael Saylor and other executives of overstating Bitcoin gains and obscuring volatility and accounting impacts. According to a Bloomberg report on August…

BTC’s next stop may be $100K: Will Altcoins Collapse Too?

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Key points: Bitcoin risks falling into the $105,000 to $100,000 range over the weekend. Ether has pulled back in the near term, but remains above the crucial $4,094 support. Bitcoin (BTC) dropped near $108,100 on Friday, its lowest level since July 8. That suggests the bulls are losing their grip. Veteran trader Peter Brandt said in a post on X that BTC needs to climb back above $117,570 to “discount the past 7 weeks as a possible double top.” Despite the near-term weakness, network economist Timothy Peterson sounded bullish on…

Eliza Labs Files Lawsuit Against Musk’s xAI Alleging Monopolistic Behavior

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Agentic AI project Eliza Labs has filed a lawsuit against Elon Musk’s xAI, claiming that the AI company engaged in monopolistic practices meant to “deplatform” agentic AI launchpads. The lawsuit claims that xAI attempted to “extract” valuable information, including technical documentation and usage figures related to the development of Eliza Labs’ platform, to copy its ideas before “banishing” Eliza Labs from xAI. Eliza Labs co-founder Shaw Walters argues in the lawsuit that the relationship between the two companies started off amicably, with xAI inviting Walters to share ideas. He also…

Ethereum Could Suffer $5 Billion Sell Pressure As Exit Queue Crosses 1 Million ETH

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Ethereum is staring down one of its most significant supply risks as more than 1 million ETH, valued at $5 billion, lines up for withdrawal from staking. The unprecedented exit queue has ignited debate over whether the network could face a wave of selling pressure or if the movement marks a rotation of capital within the Ethereum ecosystem. Ethereum Sees Record Validator Exodus  Ethereum faces what analysts describe as the largest validator exit events in its Proof of Stake (PoS) history. Blockchain data from ValidatorQueue shows more than 1 million…

CFTC Issues New Advisory Paving the Way for Foreign Crypto Exchanges To Offer Services to US Traders

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The U.S. Commodity Futures Trading Commission (CFTC) has issued a new advisory, paving the way for foreign crypto exchanges to offer trading services to US users. CFTC Acting Chairman Caroline D. Pham says the advisory provides regulatory clarity for the foreign board of trade (FBOT) registration framework, which is designed to give non-US entities the ability to provide US residents with market access. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by…

21Shares lists first Hyperliquid ETP on SIX Swiss Exchange

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21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first…