Capital B raises $1.3M from Adam Back for Bitcoin strategy
Capital B secured $1.28 million from Blockstream CEO Adam Back through warrant subscriptions, reinforcing his position as a major shareholder with nearly 10% stake. The French-listed Bitcoin treasury firm plans deploying capital for accumulation strategy as Bitcoin holdings are worth $234 million. Back's continued investment signals confidence amid market volatility affecting treasury companies differently—some reducing exposure via derivatives or asset sales.
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Kraken parent Payward closes $550 million Bitnomial deal, securing full CFTC derivatives stack
Payward completed its $550 million acquisition of Bitnomial, securing a full CFTC-regulated derivatives stack for U.S. operations. The deal grants Kraken futures broker, exchange, and clearinghouse licenses, eliminating reliance on third-party venues. Spot margin trading launches first on Kraken and NinjaTrader, with perpetuals and options following. This positions Payward competitively as U.S. crypto firms race to bring derivatives onshore.
Laywer pops up on Arbitrum DAO forums seeking funds for victims of decades-old North Korean terrorist acts
Families of North Korean terrorism victims served Arbitrum DAO a restraining notice, claiming 30,765 ETH frozen after the rsETH exploit belongs to North Korea via alleged Lazarus Group links. The move blocks fund release for DeFi victims, citing $877 million in unpaid judgments against Pyongyang. Arbitrum delegates face choosing between compensating recent hacking victims or satisfying decades-old terrorism claims.
Iran missile report sends bitcoin back to $79,000, with ETH, SOL, DOGE sharply lower
Bitcoin retreated to $79,000 after Iran's Fars news agency claimed missile strikes on a U.S. warship near the Strait of Hormuz, though Washington denied the report. Oil spiked 5% before paring gains. Ether, Solana, and Dogecoin fell sharply from intraday highs but remained positive on the day. Senate's stablecoin compromise provided earlier support, but geopolitical tensions now weigh on risk sentiment across crypto markets.