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DCG is debt-free, minus its $1.1 billion promissory note to Genesis, as of June

Digital Currency Group repaid over $1 billion in debts, mostly recovering Genesis creditors. Grayscale launched new funds, entering a new chapter post-bankruptcy.

theblock.co • 23/08/2024 - 20:36 PM

The Scoop: Crypto credit goes conservative

The crypto lending sector is recovering from the cascade of bankruptcies in 2022, but firms are approaching it conservatively. This column is adapted from The Scoop newsletter.

theblock.co • 23/08/2024 - 19:32 PM

SEC approves first leveraged long MicroStrategy ETF

Defiance ETFs has launched MSTX, a leveraged ETF for MicroStrategy, seeking 175% daily exposure, amid a backdrop of significant outflows from U.S. spot bitcoin ETFs.

theblock.co • 15/08/2024 - 15:49 PM

Goldman Sachs reports $418 million in spot bitcoin ETF holdings as of June 30

Goldman Sachs holds $418.65 million in bitcoin ETF shares, including significant investments in BlackRock's iShares and Fidelity's funds, as reported in its 13F filing.

theblock.co • 14/08/2024 - 06:14 AM

Fidelity International lists bitcoin ETP on London Stock Exchange

Fidelity International launched its bitcoin ETP on the London Stock Exchange, now accessible to professional investors, following FCA approval, enhancing digital asset opportunities in the UK.

theblock.co • 31/07/2024 - 13:24 PM

Michael Novogratz's Galaxy secures $113 million for crypto-focused venture fund

Galaxy Asset Management raised $113 million for Galaxy Ventures, targeting early-stage crypto investments and aiming for a total of $150 million by next year.

theblock.co • 25/07/2024 - 12:13 PM

Swan to cancel public listing and shutter Bitcoin mining unit following layoffs

Swan Bitcoin discontinues mining operations and IPO plans due to lack of near-term revenue, resulting in layoffs and a shift in business strategy amid challenging market conditions.

theblock.co • 22/07/2024 - 19:00 PM