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MicroStrategy Returns to Profit as Bitcoin Rebound Erases Unrealized Losses

MicroStrategy’s 780,897 BTC treasury has returned to an unrealized profit after Bitcoin climbed back above the company’s average entry price.The firm’s total holdings are now valued at approximately $59 billion, representing a significant recovery from recent market volatility. Executive Chairman Michael Saylor reported a “Bitcoin Gain” of 17,585 BTC for the first two weeks of April, reinforcing the firm’s...

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Kraken Parent Payward to Acquire Bitnomial for Up to 0 Million

Kraken Parent Payward to Acquire Bitnomial for Up to $550 Million, Gaining Full CFTC-Licensed U.S. Derivatives Stack

Deal terms: Payward will acquire 100% of Bitnomial for up to $550 million payable in cash and stock, valuing the parent company’s equity at $20 billion. Licenses secured: The transaction gives Kraken control of a fully CFTC-regulated U.S. derivatives platform, including an exchange, clearinghouse and brokerage. Strategic impact: Bitnomial, the first crypto-native firm to hold the complete suite of CFTC licenses, spent over a decade...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze 0M Stolen USDC in Drift Protocol Exploit

Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze $230M Stolen USDC in Drift Protocol Exploit

Lawsuit filed: Class action initiated on April 14, 2026, by Drift investor Joshua McCollum on behalf of over 100 affected users in U.S. District Court for Massachusetts. Exploit details: On April 1, 2026, attackers drained an estimated $280–285 million from the Solana-based DEX Drift Protocol through trading, lending, and vault deposits. USDC movement: Approximately $230 million in stolen USDC was transferred from Solana to...

Cryptocurrencies, Front page, Hacks, News, Stablecoins

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Tether Leads $150 Million Recovery Initiative for Drift Protocol Following $270 Million Exploit

Tether is spearheading a $150 million recovery package for Drift Protocol, contributing up to $127.5 million alongside $20 million from other partners. The initiative follows an April 1 exploit that drained approximately $270 million to $285 million from the Solana-based perpetual DEX. As part of the relaunch, Drift will pivot from USDC to USDT as its primary settlement asset for its 128,000 users. Tether has announced a strategic commitment...

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Tom Lee’s BitMine Reports $3.8 Billion Quarterly Loss Following Ethereum Price Drop

BitMine Immersion Technologies posted a $3.82 billion net loss for the fiscal second quarter ended Feb. 28, 2026, primarily due to unrealized fair-value adjustments on its Ethereum holdings. The company now holds 4.87 million ETH, representing approximately 4.04% of the total circulating supply, as it nears its “Alchemy of 5%” ownership goal. Despite the net loss, quarterly revenue surged to $11.04 million, a 633% year-over-year...

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