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Galaxy Digital's Alex Thorn refuted claims that Murad Mahmudov secretly sold $20 million in SPX tokens, asserting the rumors were a fabrication aimed at misleading the public. Despite this, SPX continues to struggle in the market.
Despite strong institutional interest, the IBIT Bitcoin ETF faces significant hurdles, including its vulnerability to stock market declines and recent ETF outflows in 2025.
Curve Finance founder Michael Egorov is developing Yield Basis, a new project aiming to solve impermanent loss, according to a pitch deck obtained by The Block.Yield Basis has raised $5 million at a $50 million token valuation, Egorov confirmed.
The move represents a 2% daily gain for ETH, while the total crypto market capitalization has declined by 2.4%.
- 20:39SOL falls below $170The market shows that SOL fell below $170, now at $169.97, a 24-hour drop of 2.6%, the market fluctuates, please do a good job of risk control.
- 20:38U.S. Marshals Service Can't Confirm How Much Bitcoin It Holds, May Impact U.S. Crypto Reserve PlansThe U.S. Marshals Service (USMS) is unable to confirm the amount of bitcoin it currently holds, making it difficult to give even a rough estimate, according to people familiar with the matter. This management flaw could affect the White House crypto chief David Sacks' plan for the US government to create a crypto reserve, which could change the way the government handles seized crypto assets, and could even involve buying cryptocurrencies. Currently, the USMS still relies on Excel records and manual operations, limiting its management efficiency, and outside experts have warned that the agency could lose billions of dollars at any time due to operational errors. USMS began seeking private sector partnerships as early as 2018, but the bidding process dragged on for years, and after awarding contracts related to BitGo and Anchorage Digital in 2021, both were voided because the size of the businesses didn't meet the ‘small business’ criteria. in 2024, USMS refocused its strategy, awarding two new contracts. awarding two separate new contracts to manage different classes of crypto assets.
- 20:37BTC falls below $95,500The market shows that BTC fell below $95,500 and is now at $95,468.52, down 2.83% in 24 hours, the market fluctuates, please do a good job of risk control.