Coinbase Global is facing a new shareholder derivative lawsuit filed in the US District Court for the District of New Jersey, targeting top executives and board members for alleged compliance and disclosure lapses. The suit, filed by shareholder Kevin Meehan on behalf of the company, names CEO Brian Armstrong, co-founder Fred Ehrsam, and several senior executives, including Chief Legal Officer Paul Grewal and Chief Financial Officer Alesia Haas. The complaint claims that between April 2021, when Coinbase went public through a direct listing, and June 2023, the defendants made false or misleading statements and failed to properly oversee compliance programs.…
Author: Tristan Lodenberg
Blockchain infrastructure provider Zerohash has applied for a US national trust bank charter, joining a growing list of digital asset firms seeking federal banking approval as regulation around stablecoins and crypto services evolves. The company confirmed that it submitted its application to the Office of the Comptroller of the Currency on Feb. 27. If approved, the charter would allow Zerohash to operate as a federally regulated trust bank and expand services such as digital asset custody, trust management and stablecoin-related financial infrastructure.Executives say the move is designed to strengthen the company’s role as a crypto payment and settlement provider for…
IREN Expands AI Cloud Infrastructure Capacity IREN, a Sydney based AI cloud infrastructure operator, announced plans to expand its processing capacity by approximately 50% through the purchase of over 50,000 Nvidia B300 GPUs. With this acquisition, the company’s total GPU fleet will reach around 150,000 units, aimed at accelerating AI model training and large-scale cloud computations. Deployment is scheduled in phases across its data centers in Mackenzie, British Columbia, and Childress, Texas, during the second half of 2026. The expanded GPU infrastructure is projected to support more than $3.7 billion in annualized AI cloud revenue, strengthening IREN’s position among global…
Bitcoin has surged sharply this week, climbing roughly 10% and trading above $72,000 as renewed demand from spot ETF inflows pushed the price higher. During the rally, the cryptocurrency briefly moved past $73,900, bringing it close to a historically important resistance zone that traders have closely monitored over the past two years. Market analysts identify the range between approximately $73,750 and $74,400 as a decisive technical area that has repeatedly shaped the direction of Bitcoin’s market cycles. Historical Importance of the $73K–$74K Price Zone The price region gained significance during early 2024 when bullish momentum faded near $73,750 after the…
Artificial intelligence developer Anthropic has reopened negotiations with the United States Department of Defense as the company attempts to avoid being classified as a supply chain risk by the administration of Donald Trump. The discussions come at a critical moment for the AI firm, which has already secured significant defense contracts and is seeking to maintain its position within the US military’s technology ecosystem. Reports indicate that Anthropic CEO Dario Amodei is holding talks with Emil Michael, the Pentagon’s undersecretary for research and engineering. The negotiations aim to finalize terms governing how the military can use Anthropic’s AI models in…
US spot Bitcoin exchange-traded funds (ETFs) recorded significant inflows on Wednesday, highlighting renewed investor interest as Bitcoin (BTC) briefly surpassed $73,000. ETFs collectively attracted $462 million, extending a three day streak of inflows and bringing the total for the week to $1.1 billion. BlackRock Leads Bitcoin ETF Inflows BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $307 million in new investments, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Mini Trust (BTC) with $48 million and $32 million, respectively. Most US spot Bitcoin ETFs posted gains, with only the CoinShares Bitcoin ETF (BRRR) reporting…
Shares of SOL Strategies Inc. climbed nearly 21% on the Nasdaq after the company reported continued expansion across its staking and validator operations within the Solana ecosystem. According to the firm’s February operational update, the validator network reached 33,568 unique wallets, rising from roughly 31,000 recorded earlier in the month. The increase reflects growing participation in the company’s staking infrastructure. STKESOL Liquid Staking Platform Drives Network Activity A major contributor to the growth was the STKESOL liquid staking platform launched in January. The service surpassed 691,000 SOL staked and attracted more than 1,000 holders within weeks of its debut. Liquid…
Crypto related equities recorded strong gains as supportive policy signals from Washington boosted confidence across the digital asset sector. Comments from Donald Trump and ongoing regulatory discussions helped push the broader crypto market higher, leading to sharp increases in several publicly traded companies linked to the industry. Shares of Coinbase climbed more than 14% during the session, while Bitcoin-focused firms such as Hut 8 and American Bitcoin Corp posted double-digit gains. Bitcoin treasury firm Strategy also rose over 10%, reflecting investor optimism around digital asset adoption. Analysts say the rally is partly driven by expectations of clearer regulatory frameworks for…
Bitcoin traded near $72,500 after briefly climbing above the $72,000 mark, supported by steady inflows into U.S. spot Bitcoin exchange-traded funds. On Wednesday alone, these ETFs attracted about $155 million in net inflows, extending a two-week streak of institutional investment. Data from Sosovalue shows that total allocations into spot Bitcoin ETFs have reached roughly $1.47 billion over the past 14 days. The renewed interest follows several weeks earlier in the year when many funds experienced withdrawals amid broader crypto market uncertainty. Institutional flows have become an important factor in stabilizing the market. Large investors are increasingly using regulated ETF products…
Bitwise Asset Management has donated more than $383,000 to open-source developers working on the Bitcoin network since 2024. The firm announced a new contribution of $233,000, funded through profits generated by its spot Bitcoin exchange-traded fund. The latest donation follows an earlier $150,000 contribution made in February 2025 after the first full year of operations for the Bitwise Bitcoin ETF. Bitwise previously committed to allocating 10% of gross profits from the ETF to support developers responsible for maintaining and improving Bitcoin’s infrastructure. With Bitcoin’s network now valued at roughly $1.4 trillion, the company said ongoing development support remains essential to…
