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CeFi

Strategy Sells 1,638 Bitcoin for $105M, Splits Proceeds Between Dividends and STRC Buyback
CeFi

Strategy Sells 1,638 Bitcoin for $105M, Splits Proceeds Between Dividends and STRC Buyback

The company raised its USD Reserve to $4.0 billion from $3.0 billion three weeks earlier, funding the increase with $250 million from the sale of 3,011,361 MSTR shares.
Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume
CeFi

Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume

Coinbase's Q2 filings show sequencer revenue from Base declined even as stablecoin transaction volume on the network grew sevenfold year-over-year.
Performa Marks One Year Live with Major Upgrade for Digital-Native SMBs
CeFi

Performa Marks One Year Live with Major Upgrade for Digital-Native SMBs

A year after going live, Performa added a non-custodial layer, fiat settlement and faster self-service onboarding to its finance ops platform, along with a wider pricing model for businesses operating across digital assets and fiat currencies.
Magic Labs Sells Wallet Business to Kraken Parent Payward
CeFi

Magic Labs Sells Wallet Business to Kraken Parent Payward

The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.
BitMart to Wind Down Exchange, End Trading by Aug. 26
CeFi

BitMart to Wind Down Exchange, End Trading by Aug. 26

The exchange gave no specific reason for the closure, and its BMX token fell about 59% in 24 hours after the announcement.
BitMEX, Hayes Sued Over 623 BTC Liquidation Claims as Exchange Winds Down
CeFi

BitMEX, Hayes Sued Over 623 BTC Liquidation Claims as Exchange Winds Down

A proposed class action landed in New York federal court the same day BitMEX announced it will close on Sept. 23, reviving allegations the exchange pocketed customer collateral.good job I as
Coinbase Matches Robinhood's 7% Yield With a Different Design
CeFi

Coinbase Matches Robinhood's 7% Yield With a Different Design

Robinhood pays only the gap between organic yield and a 7% target for a year; Coinbase pays market rate plus token rewards with no ceiling and no end date.
Strategy Sells $467M in MSTR Shares, Bitcoin Stack Steady
CeFi

Strategy Sells $467M in MSTR Shares, Bitcoin Stack Steady

The bitcoin treasury company's cash reserve climbed to $3 billion even as its 843,775 BTC holdings stayed frozen for a second straight week.
Circle Wins Final OCC Approval for National Trust Bank
CeFi

Circle Wins Final OCC Approval for National Trust Bank

The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%.
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%…