🔥 Bitcoin ETFs Just Had Their Biggest Day Since MayBlackRock Took 83% of It.
spot Bitcoin ETFs pulled in $606 million Thursday, the biggest haul since May. And altcoin funds finally showed up too.By Jose Antonio LanzEdited by Guillermo JimenezAug 21, 2026Aug 21, 20264 min readBitcoin ETF. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief U.S. spot Bitcoin ETFs took in $606.29 million on August 20, their largest single-day haul since May 1 and a fourth straight day of inflows. BlackRock's IBIT accounted for $502.99 million of thatabout 83%, up from 55% the day before, while VanEck's HODL posted an outflow. Ethereum funds added $221 million, XRP $13 million, and Solana $15 million, with every listed asset drawing money.
spot Bitcoin ETFs pulled in $606.29 million on Thursday, their biggest single-day haul since May 1, according to SoSoValue. That beats Wednesday's $517.19 million and extends the inflow streak to four sessions. The four-day run$297.56 million Monday, $189.30 million Tuesday, then Wednesday and Thursdaycomes to roughly $1.61 billion in all. August now stands at $2.07 billion, the best month of 2026, beating April's $$1.97 billion, with seven trading sessions left to close the gap. Bitcoin ETFs are financial instruments that give investors exposure to an asset without directly owning it. In the case of Bitcoin ETFs, the issuer of the fund holds the coin, and the investor owns a 1:1 equivalent, gaining exposure to the price of Bitcoin in real time.
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🔥 XRP Erases Its Most Bearish SignalAnd the Ripple-Linked Coin Is Flying.
Today it closed above both moving averages for the first time since the pattern formed.By Jose Antonio LanzEdited by Guillermo JimenezAug 21, 2026Aug 21, 20264 min readXRP. Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief XRP jumped as much as 14.21% in 24 hours to $1.40, making it the best-performing asset among the top 10 cryptocurrencies by market cap today. The daily candle closed above both the 50-day and 200-day EMAs for the first time since XRP's death cross locked in earlier this month. The move rides the same Bitcoin short squeeze and Treasury-driven liquidity wave that's been ripping through crypto all week. Crypto is having one of its best weeks in months, and XRP just grabbed the wheel.
Bitcoin punched through $72,000 this week on the back of a record short squeezetraders who bet on lower prices getting forced to buy back at higher ones, which pushes the price up even furtherfueled by a U.S. Treasury plan to nearly double its long-bond buybacks starting September 9. Today Bitcon is trading above $77,000 with an intraday high of $79,000. Traders have nicknamed the move QE Lite, since loosening bond markets this way echoes the old Federal Reserve stimulus playbook even though it's coming from a different part of government. Risk assets across the board caught the bid.
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🔥 Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin climbed 7.9% over 24 hours to around $77,137up 23.2% on the weekafter touching an intraday high of $79,320. The rally triggered a short squeeze, with CoinGlass logging about $1.5 billion in total crypto liquidations across 178,777 traders in 24 hoursroughly $1.21 billion of it in shorts. The surge follows a week of bullish Washington sentiment, including Trump backing the Clarity Act and signaling regulators are working to bring Hyperliquid onshore.. Bitcoin extended its rally on Friday, punishing traders who had bet against it and wiping out more than a billion dollars in bearish positions.
The largest cryptocurrency changed hands around $77,137, up 7.9% over the past 24 hours, according to CoinGecko data, after touching an intraday high of $79,320. The move capped a strong week that left Bitcoin up 23.2% over seven days, even as it remained down roughly 31.8% from a year ago. The surge steamrolled leveraged short sellers. CoinGlass data showed about $1.5 billion in total crypto liquidations over the past 24 hours across 178,777 traders, with short positions accounting for roughly $1.21 billion of that sum.
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Morning Minute: CFTC Will Give Crypto Clarity If Congress Wont Price data by DecryptNewsOpinionMorning Minute: CFTC Will Give Crypto Clarity If Congress WontMeanwhile crypto majors and alts continue to soar, with BTC nearing $80k and alts like Pump and ZEC putting up big candles.By Tyler WarnerEdited by Stephen GravesAug 21, 2026Aug 21, 20264 min readCFTC. Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. CFTC Chair Says Hell Write Crypto Rules Himself If Congress Wont The Clarity Act has been stuck in the Senate since lawmakers left for August recess without a procedural vote, still short of the roughly six Democratic votes it needs to clear 60.
On Thursday, CFTC Chair Michael Selig told a room full of crypto executives that if the bill stays stuck, his agency will build the framework without them. If Clarity continues to stall because of Democrat obstruction, the CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets, Selig said at the inaugural meeting of the agencys Innovation Advisory Committee. Staff have been directed to explore rules codifying a CFTC market structure for digital assets, and Selig said hell direct them to formally propose those rules if Congress doesnt move. Rest assured, I will direct CFTC staff to move swiftly. With this new framework, existing CFTC registrants and currently unregistered crypto exchanges could both come under agency oversight.
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🔥 Most Americans Say Trump's Crypto Profits Cross the Line: Poll.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief A new Reuters/Ipsos poll found 63% of respondents consider it inappropriate for Trump and his family to have profited from crypto, while 69% believe his private business interests are influencing his presidential decisions. Roughly half of Trump's own Republicans said they think he lets business interests sway his decisions, though about seven in 10 Republicans still called the crypto dealings appropriate. The results add data to a running controversy: Trump earned over $1.4 billion from ventures like World Liberty Financial and his meme coinas the White House denies any conflicts and lawmakers wrangle over Clarity Act provisions restricting his crypto ventures ahead of a September vote.
A majority of Americans believe President Donald Trump and his family have improperly cashed in on cryptocurrency since he returned to the White House, according to a new Reuters/Ipsos poll. The survey found that 63% of respondents considered it inappropriate for Trump and his family to have profited from crypto in the way they have, while 32% said it was appropriate and the rest didn't answer, Reuters reported. A larger share, 69%, said they believe the president's private business interests are shaping his decisions in office, a group that Reuters said included two-thirds of independents and nine in 10 Democrats.
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🔥 Binance Opens the Door to AI Agents That Can Trade Crypto for You.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Binance launched Binance Agent OS, a developer platform bundling its APIs, wallet hub, x402 payment layer and a skills marketplace. Once authorized, agents can read market data, check balances and trade across spot, margin, convert and futures. The move joins a crowded race to wire AI agents into crypto. Binance is letting AI agents trade on its platform, launching a developer system on Wednesday that connects tools like ChatGPT and Claude directly to the exchange's markets, wallets and trading functions.
The world's largest crypto exchange unveiled Binance Agent OS, a platform bundling its APIs, an agent-focused wallet hub, its x402 payment layer and a skills marketplace under one roof. At the center is a new Binance MCP Server, built on the Model Context Protocol, an open standard that gives compatible AI applications a uniform way to plug into external tools without users having to juggle API keys locally. Binance listed Claude, ChatGPT, Codex, and VS Code among the agents that can connect. Once linked and granted permission, an agent can pull live market data, check balances, and place trades across spot, margin, convert and futures products.
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🔥 What's Next for Bitcoin After Historic Rally? Experts Weigh In.
Experts Weigh In Price data by DecryptNewsMarketsWhat's Next for Bitcoin After Historic Rally? Experts Weigh InBitcoin's surge above $72,000 wiped out billions in bearish bets, but analysts say fresh buying will be needed to keep the rally going.By Jason NelsonEdited by Guillermo JimenezAug 20, 2026Aug 20, 20266 min readWhat does the future hold for Bitcoin? Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin climbed above $72,000 Thursday after gaining nearly 15% since Monday. Analysts pointed to Treasury bond purchases, policy headlines, and a massive short squeeze as drivers of the rally. With much of the short squeeze exhausted, analysts are watching spot demand, technical levels, and Treasury yields. Bitcoin's rally above $72,000 wiped out billions of dollars in bearish bets, but analysts say it will need fresh buyers to keep climbing.
Bitcoin reached its highest price since June on Thursday after gaining nearly 15% since Monday, with more than $3 billion in crypto short positions liquidated. That's the largest liquidation of short positions on Bitcoin since at least 2021. What's more, spot Bitcoin ETFs pulled in $517 million Wednesday, their largest single-day inflow since May. Julio Moreno, head of research at CryptoQuant, attributed the rally to the U.S. Treasury buying long-dated government bonds, which markets interpreted as increasing liquidity, and President Donald Trump suggesting that the U.S. government could purchase Bitcoin.
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🔥 Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin traded at $71,556 on Thursday, up 3.26% on the day and inside a $68,858$72,408 band, The move extends a Wednesday's 8.7% rip. On Myriad, the pump to $84K or dump to $55K market sits at a near 50-50 chances after leaning roughly 70% toward the dump days earlier. Bitcoin traded at $71,556 on Thursday, up 3.26% on the day, as bulls attempt to break the bearish trend for the first time in months. Sentiment across the market has clearly shifted, but traders on prediction markets dont appear convinced just yet. Todays move extends Bitcoin's sharpest rally in five months, with yesterdays performance being the strongest one-day jump since March 4 and its highest price since June 1.
Prediction markets turn crowd bets into live odds, and on Myriad, a market run by Decrypt's parent company Dastan, traders were leaning roughly 70% toward a dump to $55,000 just days ago. By Wednesday afternoon the odds had collapsed to a near coin flip: about 52% on the bullish $84K side, 48% on the bearish $55K. But the skepticism isn't uniform, and the odds will vary across markets. Polymarket's flagship 2026 price market was pricing a 56% chance BTC touched $55,000 before year-end and just 51% odds of a run to $75,000 as of last week. On Kalshi, traders gave Bitcoin only a 54% shot at clearing $67,500 in August and 31% at $70,000both thresholds the rally blew through on Wednesday.
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🔥 CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act.
Nuclear Regulatory Commission/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief CFTC Chair Michael S. Selig directed staff to explore crypto market structure rules using the agency's existing authority. Selig said he will direct staff to formally propose the rules if the Clarity Act remains stalled in Congress. The potential framework could cover crypto exchanges, leveraged trading, and on-chain finance protocols.
Commodity Futures Trading Commission Chair Michael S. Selig has directed agency staff to begin developing crypto market structure rules, preparing the regulator to act if Congress fails to pass the Clarity Act. Speaking Thursday at the inaugural meeting of the CFTC's Innovation Advisory Committee, Selig said passing bipartisan market structure legislation remains his preferred path. If the bill remains stalled, however, he said the CFTC will use its existing authority to establish a regulatory framework for crypto markets, calling it the most important step towards future-proofing this industry is passing this bipartisan bill. The Clarity Act would establish a federal framework for digital assets and clarify the CFTC and SECs roles in overseeing crypto markets.
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🔥 XRP Notches Best Week Since 2024 Election Pump on Bitcoin Short Squeeze.
Image: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief XRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for the week. The move traces back to Bitcoin's break above $72,000, fueled by a record short squeeze and a U.S. Treasury plan to double long-bond buybacks starting September 9. XRP's own ETF inflows fell during the spike even as the token outperformed Bitcoin, and futures open interest has already dropped more than 11% off its rally-day peak. XRP, the cryptocurrency created by the co-founders of Ripple, is trading near $1.29, up a whopping 30% since last weekend's close under $1.
The move represents the coins strongest week in months, and one that started from a level it hadn't touched since right before its 2024 election pump. The token bottomed at $0.9862 last week, the same zone it sat in just before November 2024's post-election rally carried it toward an all-time high near $3.65. Wednesday's session did the heavy lifting. XRP gained 10.40% that day, its sharpest single-day move since February 6, when the token also jumped more than 20%. Thursday brought a second leg higher, pushing the weekly candle toward $1.32, the closest it has been to breaking the average price of the last 200 days since the beginning of the year..
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🔥 Iranian Hackers Tied to $6 Million Bitcoin Extortion Charged in Massive Cyber Campaign.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief U.S. prosecutors charged 17 alleged members of Iran-based Mabna Institute in a years-long hacking campaign. Six defendants were allegedly involved in the HBO hack, which included an attempt to extort the company for roughly $6 million in Bitcoin. The group allegedly stole at least 31.5 terabytes of academic data and intellectual property.
prosecutors charged 17 alleged Iranian hackers involved in a years-long cyber campaign that included the 2017 HBO breach and an attempt to extort the company for roughly $6 million in Bitcoin. On Tuesday, the Justice Department said the defendants were members of Iran-based Mabna Institute, which allegedly carried out hacks for Iran's Islamic Revolutionary Guard Corps and other Iranian government and university clients. The group targeted hundreds of universities, companies, government agencies, and other organizations worldwide, prosecutors said. Behzad Mesri was previously charged with hacking entertainment giant HBO, stealing proprietary data.
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🔥 Nearly 2,000 Hacked WordPress Sites Turned Into Criminal Infrastructure.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Check Point Research identified nearly 2,000 compromised WordPress sites used by the StopAndProtect malware operation. More than 6,000 unique IP addresses had been compromised as of July 24, including 1,852 in the United States. Researchers believe the attackers accidentally infected themselves, exposing internal files and tools used to manage compromised sites. Nearly 2,000 hacked WordPress websites were used to distribute malware, steal data, monitor victims, and deploy ransomware, according to cybersecurity firm Check Point Research.
In the report published on Tuesday, researchers said the StopAndProtect ransomware family was first discovered in mid-May before tracing it to a broader operation. The hacked websites hosted malware, sent commands to infected computers, and stored stolen documents, screenshots, and activity logs. The operation doesnt rely on a single piece of malware, but on a whole toolkit of criminal software working together, Check Point researcher Jaromr Horejsi wrote. Some components encrypt files, others silently steal documents or lock the screen, and another acts as a live chat between the attackers and their victims. According to Check Point, the malware targets Windows users and begins with a fake CAPTCHA on a compromised website.
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🔥 Bitcoin Hits Highest Price Since June as $3 Billion in Shorts Liquidated.
Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin hit an intraday high of $72,408 Thursday before easing to $71,423, up 3.07% on the day This is the highest level since a flash crash sent the coin below $68,000 on June 2. Bitcoin's short sellers are having their worst two days on record: more than $3 billion in short positions were liquidated across crypto in the past 24 hours alone, taking out over 190,000 traders. Bitcoin broke back above $72,000 Thursday, touching an intraday high of $72,408 before easing to trade near $71,423, up 3.07% on the day. That's the highest Bitcoin has traded since June 2, when a flash crash knocked it from roughly $71,765 to $67,895 in a single session, the opening move in a slide that eventually dragged Bitcoin to a 21-month low near $57,832 by the end of June.
The rally, now in its second day, has added close to 15% since Monday. The gains also sparked a massive liquidation of short positionsbets that Bitcoin's price would fall, placed by traders who borrow and sell the asset planning to buy it back cheaper later. When the price rises instead, exchanges force-close those trades once a trader's collateral can't cover the loss, a process called a liquidation. That mechanic was already visible during Wednesday's squeeze, when Bitcoin first cleared $70,000.
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🔥 Fake Crypto AML Checkers Are Trying to Drain Users' Wallets.
The sites impersonate legitimate services such as AMLBot and use fake scans and results to appear legitimate. A basic AML check only requires a public wallet address, not a wallet connection or transaction approval. Scammers are targeting crypto holders with fake anti-money laundering services designed to trick users into approving transactions that could put their digital assets at risk, cybersecurity firm Malwarebytes warned. In a report published Wednesday, Malwarebytes said the sites impersonate services that check whether crypto wallets have interacted with stolen or illicit funds.
Some mimic the legitimate service AMLBot, while others use generic names such as AML Check. Crypto AML services check a wallet's public transaction history for links to hacks, scams, sanctioned entities, and other suspicious activity. A basic check only requires a wallet's public address and does not require users to connect their wallet, approve permissions, or sign a transaction. According to Malwarebytes, the fake sites prompt users to connect their crypto wallets for an AML check, then simulate the process with fake progress messages and results. One site asked users for a small top-up to cover a supposed fee before returning a Clean, Low Risk result, regardless of whether a genuine check occurred.
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🔥 Banking Regulator Races to Finalize GENIUS Act Stablecoin Rules.
Image: OCC/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief OCC head Jonathan Gould said Wednesday the agency will finalize its GENIUS Act stablecoin rules by November, racing to meet a Jan. 18 statutory deadline before the law takes effect in January 2027 after blowing past an earlier July target. The 376-page proposal, released in February and open for comment through May, covers the full life cycle of a payment stablecoinreserves, redemption at par, liquidity, risk management, audits, custody and wind-downs. Gould said the OCC expects to begin processing issuer applications in 2027 and reported an eightfold jump in digital-asset chartering activity versus the Biden administration.
banking regulator says it will finalize its rules for stablecoin issuers by November, moving to beat a fast-approaching deadline for the country's landmark digital-dollar law. Jonathan Gould, head of the Office of the Comptroller of the Currency, laid out the timeline Wednesday at the Wyoming Blockchain Symposium, an event hosted by SALT in Jackson. He said the agency is working at a rapid pace and expects to publish a final rule by November as it weighs feedback gathered from the crypto industry. We are very intent on moving quickly and getting a final rule out by November so that we will be able to start processing applications within the new year, Gould said.
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🔥 Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin jumped as much as 8.7% Wednesday to an intraday high of $69,749, its steepest one-day move since March 4 and its highest price since June 1. On Myriad, prediction odds flipped from roughly 70-30 favoring a bearish decline to a near coin flip within 24 hours. Treasury plan to double its long-bond buybacks and more than $1 billion in short liquidations wiped out in a single hour. Bitcoin ripped through $69,000 Wednesday, climbing as much as 8.7% to an intraday high of $69,749.
That's the steepest one-day move since March 4 and the highest price Bitcoin has touched since June 1. Traders hadn't seen a green candle like this in more than five months. The charts have one read, and prediction markets have another. A mere 24 hours ago, traders on Myriada prediction market operated by Decrypts parent companywere sure there was more pain in store for Bitcoin ahead.
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🔥 Six-Bug Exploit Halts Maya Protocol After $1.4 Million in Bitcoin Stolen.
Image: Shuttertock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Maya Protocol halted MAYAChain after an attacker extracted roughly $1.7 million in Bitcoin and other assets. A post-mortem identified six bugs that created a false balance in a liquidity pool. CACAO plunged nearly 89% as the value of MAYAChain's liquidity pools fell by roughly $10.9 million. Cross-chain liquidity network Maya Protocol halted operations Tuesday after an attacker exploited six software flaws to drain roughly $1.7 million in Bitcoin and other assets.
In a post on X explaining what happened, Maya Protocol founder AaluxxMyth, also known as Maya, said the team halted the network to contain the damage and would fix the vulnerability before resuming swaps. No way to sugar coat this, Maya wrote in a post. We have likely been exploited by 20 BTC ($1.4M) and other assets ($300k). Maya Protocol operates MAYAChain, a decentralized network that lets users swap cryptocurrencies such as Bitcoin and Ethereum across blockchains without using a centralized exchange.
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Morning Minute: SEC Brings Clarity to Crypto Price data by DecryptNewsOpinionMorning Minute: SEC Brings Clarity to CryptoIf the proposed rules are formalized, it could lead to an ICO boom in the U.S.By Tyler WarnerEdited by Guillermo JimenezAug 19, 2026Aug 19, 20265 min readCloseup of the seal of the SEC at its headquarters in Washington, DC. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. SEC Proposes First Formal Crypto Rules for Token Fundraising For a decade, the SEC regulated crypto fundraising by lawsuit, suing token issuers one at a time without ever publishing rules explaining what legal looked like. Yesterday the SEC introduced Regulation Crypto Assets as the agencys first formal crypto rulemaking, and it creates two paths for selling tokens without registering with the SEC.
The smaller path allows a one-time raise of up to $5 million over four years. The larger allows up to $75 million in any 12-month period, a ceiling that mirrors Reg A+ Tier 2, the mini-IPO framework Congress built through the JOBS Act. Both require principles-based narrative disclosures closer to a whitepaper than a registration statement, and the $75 million tier adds financial statements and ongoing reporting. The rules would also preempt state registration requirements for exempt offerings and certain secondary trades. There is also a very important safe harbor provision.
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🔥 Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Nasdaq-listed Zhibao Technology closed a $154.7 million PIPE financing paid for with 2,380 Bitcoin contributed straight to a company wallet. Director Botao Ma called the deal one of the most transformational moments in the firm's decade-long history. The all-crypto funding structure sets Zhibao apart from the usual cash-raise-then-buy treasury model; it joins a crowded fieldincluding Metaplanet's U.S. treasury push and Strategyeven as cracks in DATs show.
Zhibao Technology, a Nasdaq-listed Chinese insurance-technology company, has stepped into the corporate Bitcoin treasury arena, closing a $154.7 million private placement funded entirely in cryptocurrency. The Shanghai-based firm said Monday that a syndicate of non-U.S. investors paid for the raise by contributing 2,380 Bitcoin directly to a company wallet, rather than cash. The coins were valued at a reference price of $65,000 each, pegged to market levels as of July 30.
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🔥 Alleged $165M Crypto Ponzi Mastermind Deported From Fiji to US.
Source: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Edward Zimbardi, 59, of Georgia, appeared in federal court to face 12 counts of wire fraud, 12 counts of money laundering, and one conspiracy count after Fijian authorities deported him to the U.S. 14 in coordination with the FBI and State Department. Prosecutors allege that from June 2022 to August 2023 he ran a $165 million Ponzi scheme called The Crypto Program, promising a guaranteed 25% monthly return and directing investors to send crypto into wallets he secretly controlled. The DOJ says he gambled over $34 million on risky currency trades, paid earlier investors with newer funds, and spent at least $10 million on personal expenses.
The accused architect of a $165 million cryptocurrency Ponzi scheme is back on American soil after more than a year on the run in the South Pacific, the Justice Department said Monday. Edward Zimbardi, 59, of Flowery Branch, Georgia, appeared in federal court to face wire fraud and money laundering charges after Fijian authorities deported him to the United States on Aug. 14, working alongside the FBI and the State Department. He was charged in a July indictment with 12 counts of wire fraud, 12 counts of money laundering, and one count of money laundering conspiracy.
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