Crypto
Digital assets, token infrastructure and market regulation
Mt. Gox Starts Repaying Bitcoin a Decade After Collapse: Creditors Begin Receiving $9 Billion
Mt. Gox has begun repaying creditors in bitcoin and bitcoin cash — about $9 billion, a decade after the Tokyo exchange collapsed and 950,000 coins vanished
Circle Internet Group Raises $222 Million in Arc Token Presale at $3 Billion Network Valuation
On May 11, 2026, Circle Internet Group, the issuer of the USDC stablecoin, closed a $222 million presale of Arc, the native token of its new institutional-finance blockchain, at a fully diluted network valuation of $3 billion, with a16z crypto leading the round with a $75 million investment.
Russia's First Crypto Mining Rulebook: Registries, Bans and the Grey Zone
In April 2024 Russian deputies tabled a compromise bill that would legalise cryptocurrency mining through a state registry while banning the organisation of crypto circulation, exchange services and advertising inside the country. Industry leaders and lawyers assess what the first full mining rulebook changes for companies, for roughly 20 million private wallet holders and for a market that has lived outside the legal field since 2021.
Moscow Exchange Says It Will Be Ready for Crypto Trading by Early December
MOEX targets Dec 1, 2026 for crypto spot trading in quasi-dollars and rubles under unified clearing; perpetual futures on five crypto indices start Sep 22
Ripple and the SEC End Their Four-Year XRP Case: $50 Million Fine Stands, the Rest Returns From Escrow
Ripple pays $50 million of its $125 million SEC fine, the rest returns from escrow, and both sides drop appeals to end the four-year XRP case
Tokenized Stocks Get a Federal Green Light: Inside the SEC's Five-Year Innovation Exemption and the Road to 24/7 Trading
On September 17, 2026, the SEC issued its Innovation Exemption — a five-year order letting qualified venues trade tokenized versions of listed U.S. stocks, provided token holders keep full dividend and voting rights, issuers get a 30-day objection window, and volume limits cap early risk. Arriving two days after the Clarity Act stalled in the Senate, the order shifts crypto market-structure policy from Congress to the regulator and pushes platforms such as Robinhood toward 1:1 redemption and shareholder equivalence.
The 2024 Bitcoin Halving: A Familiar Supply Shock Meets an Unprecedented Demand Shock
The fourth Bitcoin halving, due between April 18 and April 21, 2024, cuts the block reward from 6.25 to 3.125 BTC and with it the roughly $30 million a day of coins miners sell to cover costs. But this time the familiar supply script meets a new force: spot ETFs approved in January pushed whale demand to an all-time high before the event, and bitcoin had already surpassed its previous cycle top. An analysis of the halving mechanics, miner economics, diminishing cycle returns and the demand shock that could finally reverse them.
Bitcoin ETFs Bleed $6.4 Billion in a Month as the Token Drops Below $60,000
U.S. spot bitcoin ETFs bled $6.4 bln in 30 days — the heaviest monthly outflow since 2024 — as bitcoin slid below $60,000 to its lowest since October 2024
FT: Ruble Stablecoin A7A5 Moved $6 Billion in Transactions After US Sanctions
At least $6 bln moved through ruble stablecoin A7A5 in two months; after US sanctions 80% of tokens were burned and reissued, and it gained DFA status
Digital Debt, Tokenized Walls: Inside Russia's 1.1-Trillion-Ruble DFA Market and Its Real-Estate Ceiling
By the end of 2025 Russia's digital financial asset (DFA) market had become an issuance machine approaching 1.1 trillion rubles a year, with more than 335,000 participants — yet 97 percent of what it mints is digital debt, not tokenized ownership of anything real. This deep dive reconstructs the market's three-year growth curve, the developer financing squeeze that pushed construction firms toward blockchain tokens, the tax wedge that makes DFAs dearer than bonds for non-financial issuers, and the legal wall that forbids tokens secured by state-registered property. It contrasts the Russian stall with tokenization practice in Dubai, the US, the EU and Liechtenstein, and weighs the 1.3-trillion-ruble-by-2030 prize that only legal reform can unlock.
Spot Ethereum ETFs Debut on US Exchanges: Nearly $500 Million Traded on Day One
Spot ether ETFs from BlackRock, Fidelity, VanEck and others began trading on US exchanges on July 23, 2024, with turnover nearing $500 million on day one
Coinbase to Acquire Deribit for $2.9 Billion in the Crypto Industry's Largest Deal
Coinbase, the largest U.S. crypto exchange, announced a $2.9 billion acquisition of derivatives platform Deribit — the biggest crypto industry deal to date — alongside weaker first-quarter 2025 results, saying the purchase will immediately enhance profitability and diversify trading revenues.
Bitcoin Mining Stopped Paying: The 2026 Hash-Price Collapse and the Race to Turn Mines Into AI Data Centers
Rosenblatt's February 2026 note declared most bitcoin miners unprofitable as hash revenue slid under three cents per terahash-second and bitcoin fell 26% year to date. This deep dive examines the anatomy of the hash-price collapse, the cost floor that decides who survives, and the sector's decisive pivot to high-performance computing — and why a cap-weighted mining index is down just 2% while the coin is down a quarter.
Robinhood Brings Crypto Transfers to Europe: More Than 20 Digital Assets Open for Self-Custody
On October 1, 2024, Robinhood Markets announced that EU customers can deposit and withdraw more than 20 cryptocurrencies, including bitcoin, ethereum, solana and USDC, unlocking self-custody in Europe as the company pushes its international expansion and the pending $200 million Bitstamp acquisition.
Only What Is Permitted: Inside Russia's 2026 Digital-Currency Law and the Walled-Off Crypto Market It Creates
Russia's law "On Digital Currency and Digital Rights", in force since September 1, 2026, turns lawful-by-default crypto ownership into lawful-by-permission: licensed intermediaries, depositary custody, listing filters and a criminal vertical from July 2027. A deep dive into the new perimeter, the three markets inside it and the sanctions wall that meets the law halfway.