Author: Tristan Lodenberg

Bitcoin treasury firm Nakamoto is seeking shareholder approval for a reverse stock split to maintain its listing on the Nasdaq after its share price dropped to about $0.22, down roughly 99% from its May 2025 peak. According to a preliminary Schedule 14A filing, the company proposed a reverse split ratio between 1-for-20 and 1-for-50. This process would reduce the number of outstanding shares while proportionally increasing the share price, helping the company meet Nasdaq’s minimum $1 bid requirement and avoid delisting. Share Registration and Future Securities Issuance Plans In a separate Form S-3 filing, Nakamoto registered more than 400 million…

Japan has officially amended its Financial Instruments and Exchange Act to classify cryptocurrencies as financial instruments, marking a major shift in how digital assets are regulated in the country. The decision moves crypto beyond its previous classification under the Payment and Settlement Act and places it closer to traditional financial markets such as equities and securities. Insider Trading Ban and Market Transparency Rules Under the updated framework, insider trading involving cryptocurrencies is now explicitly prohibited. This includes buying or selling digital assets based on undisclosed or material non-public information. The law aims to improve market fairness and reduce risks linked…

BlackRock’s iShares Bitcoin Trust recorded $269.3 million in inflows on Thursday, marking its strongest single day performance in five weeks. The inflows helped reverse two consecutive days of net outflows across the 12 US spot Bitcoin ETFs, pushing total net inflows for the day to $358.1 million. The rebound signals renewed investor interest in Bitcoin exposure through regulated financial products. Fidelity and Morgan Stanley Also See Positive Demand Fidelity’s Wise Origin Bitcoin Fund attracted $53.3 million in inflows, ranking second among competitors. Morgan Stanley’s newly launched Bitcoin Trust (MSBT) added $14.9 million on just its second trading day, contributing to…

Elon Musk’s xAI has filed a lawsuit in a US district court in Colorado seeking to block Senate Bill 24-205, a regulation designed to prevent algorithmic discrimination in employment, housing, and financial services. xAI argues the law could force its chatbot Grok to modify responses based on state-defined standards of fairness and equity, effectively compelling speech. The company claims this violates First Amendment free speech protections and Fifth Amendment rights by requiring disclosure of training data and trade secrets. xAI’s Core Arguments on Grok and “Truth-Seeking AI” In its filing, xAI states that Colorado cannot alter its message or require…

Covenant AI, the owner of subnets SN3, SN81, and SN39, has announced it is leaving the Bittensor ecosystem. The decision marks a significant shift within the AI-focused decentralized network, where Covenant had been one of the most prominent subnet operators. Allegations of centralized control within “decentralized” network In a public statement on X, Covenant AI founder Sam Dare said the departure stems from governance conflicts with Bittensor co-founder Jacob Steeves, also known as “Const.” Dare argued that the network’s decentralization promise is misleading, calling it “decentralization theatre” and claiming that no single entity was supposed to control the system. Dare…

Bitcoin continues to trade in a tight range, repeatedly failing to break above $73,000 for the third time since the Iran ceasefire announcement. The level has acted as a strong resistance zone throughout the conflict, rejecting every upward attempt since late February. After the latest rejection, Bitcoin slipped back to around $71,843, despite posting its strongest weekly performance during the conflict period. Market structure shows Bitcoin holding above its rising 50-day moving average, which has turned upward for the first time since tensions escalated. Even so, analysts say the asset remains trapped between $70,000 and $73,000, with no clear breakout…

Shares of Galaxy Digital climbed more than 11% after the company released its annual report, even though it posted a $241 million net loss for full-year 2025. The stock, trading under GLXY, closed at $21.15, ranking as the second-best performing crypto-related stock tracked on industry equity listings that day. The company reported that its core operating business remained profitable on an adjusted, non-GAAP basis. Galaxy recorded an adjusted annual gross loss of $86 million and adjusted EBITDA of $216 million, largely due to unrealized losses on digital asset holdings and investment positions. CEO Highlights Infrastructure and Long-Term Strategy Chief Executive…

Digital asset tokenization firm Securitize has named Brett Redfearn as its new president and member of its board of directors. The company announced the appointment on Thursday, noting that Redfearn previously served as director of the Division of Trading and Markets at the US Securities and Exchange Commission. His career includes roles as head of capital markets at Coinbase and more than a decade in various positions at JPMorgan. Before becoming president, Redfearn had been serving on Securitize’s advisory board. Growing Trend of Regulators Joining Crypto Companies Redfearn’s appointment highlights the increasing shift of former government officials into the digital…

The Central Intelligence Agency is preparing to integrate artificial intelligence “co-workers” into its internal analytic systems to help intelligence officers detect espionage threats and anticipate foreign adversary actions. Deputy Director Michael Ellis said the agency expects AI assistants to be embedded across all analytic platforms within the next few years. Speaking at an event hosted by the Special Competitive Studies Project in Washington, DC, Ellis explained that the tools will function as a classified version of generative AI designed to support analysts with routine but critical tasks. These AI systems are expected to help draft intelligence assessments, test analytical conclusions…

Crypto platform CAEX, part of the Vietnam Prosperity Joint Stock Commercial Bank ecosystem, has received investment support from OKX Ventures and HashKey as it seeks entry into Vietnam’s regulated crypto exchange pilot program. The investors will join VPBank Securities and LynkiD as shareholders. The funding aims to help CAEX meet Vietnam’s minimum charter capital requirement of 10 trillion dong (~$380 million) required for participation. Vietnam Crypto Pilot Enforces Strict Entry Rules Vietnam’s Ministry of Finance Vietnam and State Securities Commission of Vietnam are overseeing a five-year pilot program for crypto exchanges, allowing only up to five licensed operators. Licensing began…