Key Takeaways Backpack Exchange acquired FTX EU after approvals from a U.S. court and CySEC. The deal secured a CySEC license, enabling regulated cryptocurrency services across Europe. Backpack prioritized refunds to FTX EU customers before launching spot, margin, and futures trading. Backpack Exchange has acquired FTX EU, the European arm of the collapsed cryptocurrency exchange…

The governor of the Czech National Bank, Aleš Michl, hinted at Bitcoin becoming a potential option to diversify the country’s growing foreign exchange reserves. He explained that the Czech government is increasingly seeing Bitcoin as a viable savings technology.  Speaking in an Interview with CNN Prima Michi revealed that he was considering acquiring some Bitcoin…

Ashish Singhal, CEO of Indian exchange Coinswitch announced a recovery program for victims of the $230 million WazirX hack that occurred in July 2024.  The recovery program however drew backlash from members of the Wazir X community as it is perceived as a marketing strategy rather than a genuine effort to help.  Singhal announced this…

Gemini Trust Co. agrees to a $5 million settlement with the CFTC, resolving allegations of misleading statements during its bid for a Bitcoin futures contract. CFTC: Background of the Case The Commodity Futures Trading Commission (CFTC) has resolved its lawsuit against Gemini Trust Co., a cryptocurrency exchange founded by Cameron and Tyler Winklevoss. Bloomberg reported…

Michael Saylor expresses openness to joining a potential Trump administration in a crypto advisory role, signaling his readiness to shape U.S. digital asset policy. Michael Saylor, Executive Chairman and co-founder of Microstrategy, has expressed openness to serving in a crypto advisory capacity in a potential Trump administration. However, Saylor refrained from confirming whether he has…

Chilean lawmakers push for a Strategic Bitcoin Reserve, gaining support from international experts. Learn how Chile plans to integrate Bitcoin into its economy despite Central Bank skepticism. Push for Bitcoin Reserve Gains Momentum in Chile Chilean lawmakers are working on legislation to create a Strategic Bitcoin Reserve (SBR), according to Andrés Villagrán, a nation-state mining…

Discover KULR's strategic $42M Bitcoin Treasury expansion and its innovative BTC Yield metric, offering insights into shareholder value growth. KULR Technology Group, Inc. (NYSE American: KULR) has announced a significant expansion of its Bitcoin Treasury holdings, increasing its investment to $42 million. This move aligns with the company's December 2024 strategy to allocate up to…

Key Takeaways: MicroStrategy acquired 1,070 BTC for $101 million, raising its total holdings to 447,470 BTC. The purchase, at an average price of $94,004 per bitcoin, aligns with its strategy to expand reserves amid rising institutional adoption. MicroStrategy’s BTC holdings, valued at $27.9 billion, highlight its role as a leader in corporate cryptocurrency investment. MicroStrategy…