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View More NewsU.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter “disorderly yen movements.” The USD/JPY pair almost hit 164 its weakest level since 1986 before snapping back to 156.5 on Monday. “We will not hesitate to participate in further joint intervention,” Bessent wrote on X, adding that the U.S. “strongly supports Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen.”For the crypto market, August 2024 marked a bloodbath caused by the unwind of the yen carry trade. When the Bank…
In brief South Korean exchange Bithumb published a three-stage roadmap to a 2028 IPO. The roadmap includes internal controls and K-IFRS preparation in 2026, and a preliminary listing review in 2027 ahead of the IPO. Regulators fined the exchange $24.5 million in March, while CEO Lee Jae-won was booked as a bribery suspect in June. Bithumb has set out a three-stage path to a stock market listing in 2028, telling customers on Monday it will spend this year upgrading internal controls and preparing to switch accounting standards, then file for preliminary listing review in 2027. The exchange competes with Dunamu-operated…
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Note: the following review contains plot spoilers.In the opening lines of his poem Ithaka, Constantine P. Cavafy (1863–1933), the second-most famous Greek poet to make his theme the perilous homecoming of the Trojan War hero Odysseus, wroteAs you set out for Ithakahope your road is a long one,full of adventure, full of discovery.Laistrygonians, Cyclops,angry Poseidon—don’t be afraid of them:you’ll never find things like that on your wayas long as you keep your thoughts raised high,as long as a rare excitementstirs your spirit and your body.(The translation is from Edmund Keeley and Philip Sherrard’s 1975 compilation, C.P. Cavafy, Selected Poems.) Christopher…
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Coldcard’s five-year seed-generation flaw has exposed a broader weakness in how hardware wallets are independently tested, according to Kraken chief security officer Nick Percoco. In…
Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds. Read the full…
Cold storage fears after Coldcard users lose $90M in BitcoinAfter $90 million in Bitcoin was drained from Coldcard wallet users, small hodlers desperately sought…
Senators Ruben Gallego and Thom Tillis sent a proposed revised ethics provision to the White House on Thursday, after drafting the compromise the day…
Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of…
The US Securities and Exchange Commission has reportedly postponed its plan to allow trading of tokenized stocks after stock exchange officials raised concerns over…
Just last year, Justice Elana Kagan wrote for a unanimous Supreme Court in Smith & Wesson Brands v. Estados Unidos Mexicanos that “the AR–15…
Rising government bond yields signal a coming “structural” shift that will create a Bitcoin “supercycle” of rising prices, as investors flee debasing assets for…
Milla74/Dreamstime Last week, I participated in a Cato Institute an online event on “Trump v. Barbara: Birthright Citizenship at the Supreme Court.” The other…
Ethereum co-founder Vitalik Buterin responded to growing criticisms of the Ethereum Foundation’s role in the Ethereum ecosystem, pushing back against critics who want the…
In brief MoonPay launched a ChatGPT app that lets users generate crypto purchase links inside OpenAI’s chatbot. Users still must complete MoonPay’s standard KYC…
Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of…