News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
BitMart Founder Rejects Audit Requests Amid User Complaints
BitMart's founder, Sheldon Lee, rejects audit requests amid reports of blocked user funds and unpaid employee salaries, citing a hacked account.
Mercation Admin4 min - News
SEC's Crypto Fundraising Framework Delayed Amid Wall Street Concerns
The SEC's planned rulemaking meeting for crypto fundraising was abruptly canceled following concerns from Wall Street's SIFMA regarding the agency's authority.
Mercation Admin4 min - News
Stripe's $7 Billion Acquisition of OpenRouter: Implications for AI
Stripe has officially acquired OpenRouter for over $7 billion, integrating AI billing and processing into one streamlined system.
Mercation Admin3 min - Crypto
Bitmine Expands Ethereum Holdings by $19 Million, Approaching 5% of Total Supply
Bitmine has invested $19 million in Ethereum, bringing its total ETH holdings to 5.82 million, nearing its goal of 5% of the total supply.
Mercation Admin2 min - Crypto
Compound Invests $52 Million and Revamps Leadership to Target Institutional Clients
Compound Finance has announced a $52 million investment and a leadership overhaul as it shifts focus to institutional clients amid declining retail interest.
Mercation Admin4 min - Banking Policy
US Treasury Proposes Stablecoin Regulations Under GENIUS Act
The U.S. Treasury has proposed new regulations for stablecoins under the GENIUS Act, focusing on issuer requirements and reserve management.
Mercation Admin2 min - Crypto
U.S. Treasury Proposes Regulations for GENIUS Act on Stablecoins
The U.S. Treasury has proposed regulations for stablecoins under the GENIUS Act, clarifying definitions and jurisdictions as the deadline for implementation approaches.
Mercation Admin4 min - Crypto
The Coldcard Breach Highlights Flaws in Security Assumptions
The Coldcard hack underscores the risks of relying on reputation over rigorous verification in security practices, as highlighted by Foundation CEO Zach Herbert.
Mercation Admin5 min - Crypto
Bitmine Acquires 4.8% of Ethereum Supply Following Recent Purchase
Tom Lee's Bitmine has increased its Ethereum holdings to 4.8% of the total supply after purchasing an additional 9,926 ETH, worth around $11 billion.
Mercation Admin3 min - Crypto
Coldcard Code Flaw Results in $100 Million Hack
A flaw in Coldcard's code led to the theft of over $100 million in bitcoin, highlighting the importance of security in cryptocurrency storage.
Mercation Admin9 min - Crypto
Harmony to Roll Back Blockchain Following Token Exploit
Harmony plans to roll back its blockchain to eliminate the impact of a major exploit that led to the unauthorized issuance of 4 trillion ONE tokens.
Mercation Admin3 min - Crypto
Harvard Maintains Stake in BlackRock's Bitcoin ETF
Harvard University has retained its investment in BlackRock's Bitcoin ETF, holding steady at $101.4 million after previous reductions.
Mercation Admin1 min