Business
The people and companies shaping the crypto industry.
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast, the Ethereum layer-2 network that once drew billions of dollars with promises of built-in yield and airdrops, is calling it quits. The team said Friday on X that maintaining the network now costs more than it earns, and that it sees no credible path to making the chain economically sustainable. "As a result, we've made the difficult decision to wind Blast down," the team wrote. Myriad: Where does Ethereum go next? Click to make your prediction. Users are being asked to move their assets b...
Sep 28, 2026
Business
Tom Lee's Bitmine Buys Another $47M of ETH, Taking It to 4.9% of Ethereum Supply
Bitmine Immersion Technologies' Ethereum holdings have reached has six million ETH, putting Tom Lee's treasury company within touching distance of the 5% of supply it has been chasing since mid-2025. The company purchased 17,362 ETH over the past week, worth just under $47 million at the $2,698 snapshot price used in its press release. It held 6,001,302 ETH as of Friday afternoon, worth about $16.2 billion, and equal to 4.9% of the 122.1 million tokens in circulation. Bitmine calls the target th...
Sep 28, 2026
Business
Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase
Strategy has added another 1,665 BTC to its holdings, pushing the company's stash to a new record as it continues to balance Bitcoin purchases with buybacks of its preferred stock. The company paid $142.7 million for the Bitcoin at an average price of $85,681 per coin, according to a Monday filing with the Securities and Exchange Commission. Its total holdings now stand at 847,666 BTC, acquired for $63.95 billion at an average price of $75,437 per Bitcoin. Strategy has acquired 1,665 $BTC and r...
Sep 25, 2026
Business
Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect
Hackers stole roughly $387.5 million in crypto from Bitget yesterday in what is believed to be the biggest crypto hack of the year. The likely suspect is, as usual, North Korea—though that’s yet to be confirmed, and Bitget says law enforcement is now investigating. Here’s what happened: Bitget's security systems detected unauthorized transfers moving out of some of its hot wallets at 18:31 UTC on September 24. Within about an hour, on-chain investigators had already tallied roughly $183 million...
Sep 25, 2026
Business
Morgan Stanley Joins NEXTPredict as Prediction Markets Bet on 'More Institutional' Play
Institutional interest in prediction markets has not been in doubt for a while. JPMorgan's Jamie Dimon told CBS in April that the bank was weighing an entry, while describing most of the activity as closer to gambling than investing and ruling out sports and politics outright. Goldman Sachs chief executive David Solomon had used the firm's January earnings call to disclose meetings with both of the largest operators. Thus far, however, there has been little in the way of concrete progress to spe...
Sep 25, 2026
Business
Defense Secretary Pete Hegseth Holds Bitcoin in a Coinbase Wallet, Filing Shows
U.S. Defense Secretary Pete Hegseth holds Bitcoin in a Coinbase wallet, according to his latest annual financial disclosure, covering 2025 and released by the Office of Government Ethics. The Bitcoin appears under "other assets and income" as two separate entries inside a single Coinbase wallet, one valued at between $15,001 and $50,000 and the other at between $1,001 and $15,000. Disclosure forms report ranges rather than exact figures, so the combined holding sits somewhere between about $16,0...