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CeFi

Strike Launches Bitcoin Loans With No Price Liquidations
CeFi

Strike Launches Bitcoin Loans With No Price Liquidations

Strike, the bitcoin financial services firm run by CEO Jack Mallers, launched a bitcoin-backed loan product on July 7 that removes price-triggered liquidations for the life of the loan, according to Strike's own FAQ. The product, called "volatility-proof loans," strips out the 65% LTV warning, 70%…
AscendEX Halts Operations, Freezes Automated Withdrawals
CeFi

AscendEX Halts Operations, Freezes Automated Withdrawals

Crypto exchange AscendEX ceased operations effective July 1, 2026, and moved all withdrawal requests to manual review starting July 6, according to a notice posted on its website addressed to retail account holders.
KAST's ToS Draw Fire After Public Feud With EtherFi CEO
CeFi

KAST's ToS Draw Fire After Public Feud With EtherFi CEO

A five-day Twitter exchange between ether.fi CEO Mike Silagadze and KAST CEO Raagulan Pathy escalated from a card-fee comparison into public scrutiny of how KAST treats customer deposits.
Strategy Sells 3,588 Bitcoin for $216M to Fund Dividend Payments
CeFi

Strategy Sells 3,588 Bitcoin for $216M to Fund Dividend Payments

Strategy sold 3,588 Bitcoin for $216 million to cover dividends on its Digital Credit securities, the company said in a post on its official X account Monday. The firm now holds 843,775 BTC in its BTC Reserves and $2.55 billion in its USD Reserves, as of July 5, 2026. The sale is the largest…
eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
CeFi

eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up

eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.
OKX and Coinbase Race to Sign Up Binance's Displaced EU Users Before MiCA Deadline
CeFi

OKX and Coinbase Race to Sign Up Binance's Displaced EU Users Before MiCA Deadline

OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.
Strategy Authorizes up to $1.25B of Bitcoin Sales as Saylor Formalizes Capital Pivot
CeFi

Strategy Authorizes up to $1.25B of Bitcoin Sales as Saylor Formalizes Capital Pivot

The largest corporate Bitcoin holder will lift its STRC preferred dividend to 12% and can now sell BTC to fund payouts and buybacks, marking a formal break from Saylor's never-sell posture
Kraken's xStocks Opens Bending Spoons IPO Registration to EEA Retail
CeFi

Kraken's xStocks Opens Bending Spoons IPO Registration to EEA Retail

Kraken's xStocks platform is opening non-binding interest registration for the Bending Spoons IPO to eligible customers in the EEA and select global markets, the tokenized equities infrastructure's second pre-IPO offering after a troubled SpaceX debut.
StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle
CeFi

StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle

StablecoinX Inc. (Nasdaq: USDE) began trading Friday after closing its SPAC merger with TLGY Acquisition Corp., becoming the first publicly listed company holding approximately 3.03 billion ENA tokens and building infrastructure for the Ethena ecosystem.
Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise
CeFi

Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise

Prediction-market operator Kalshi is in talks to raise fresh capital at a roughly $40 billion valuation, the Financial Times reported, nearly double the price tag from a $1 billion round that closed seven weeks ago at $22 billion.