Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate. The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as…
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Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more Bitcoin purchases. Strategy intends to issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, with the ticker STRD, at $100 a share, the Bitcoin-stacking firm…
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Meta shareholders have overwhelmingly rejected a proposal to assess whether the tech giant should add Bitcoin to its balance sheet. A “Bitcoin treasury assessment” proposal put before shareholders received 3.92 million votes in favor — a mere 0.08% of the total — while nearly 5 billion voters decided against the measure, a May 28 regulatory…
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Panama City Mayor Mayer Mizrachi has floated the idea of allowing ships transiting the Panama Canal to pay in Bitcoin for faster passage. Mizrachi proposed during a panel discussion at the Bitcoin 2025 conference in Las Vegas on May 29 that cargo ships could cut the line on waiting for their passage through the key…
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The New York Police Department has reportedly placed two officers on modified duties after the pair was accused of being linked to a local townhouse where a crypto trader was allegedly kidnapped and tortured before escaping. NYPD detective Roberto Cordero, who serves on New York City Mayor Eric Adams’ security detail, is said to have…
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The United States Securities and Exchange Commission (SEC) and Binance have filed a joint stipulation seeking to dismiss the securities regulator’s action against the crypto exchange, filings show. The dismissal specifically relates to the civil enforcement action brought against Binance Holdings, BAM Trading Services, BAM Management US Holdings and Binance’s former CEO, Changpeng Zhao, back…
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Elon Musk confirmed that he’s quitting as the White House’s government cost-cutting czar after admitting it was an “uphill battle” trying to slash federal jobs and programs. Musk’s status as a Special Government Employee leading the Department of Government Efficiency (DOGE) meant that by law, he could only serve for a maximum of 130 days,…
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A US federal court has frozen around $57.65 million worth of the stablecoin USDC in a class action case over the controversial Libra memecoin. Onchain data shared with Cointelegraph by the class group’s lawyer, Max Burwick, shows nearly $57 million worth of USDC (USDC) was frozen on May 28 after a Manhattan court agreed to…
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US Representative Bryan Steil wants lawmakers to stop adding “non-germane items” into two key crypto bills, claiming that doing so is slowing the implementation of a regulatory framework for the industry. “Individuals, when they see legislation that’s going to move forward, want to attach non-germane items to any bill that’s going to move through and…
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Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to…
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