Crypto market maker Wintermute lands SEC approval to trade equities and ETF blocks

SummaryWintermutes U.S. arm has officially registered with the SEC and joined FINRA, securing broker-dealer status for its institutional operations.The firm is now authorized to trade U.S. stocks and options, provide liquidity for ETFs, and self-clear digital asset securities for proprietary accounts.Wintermute plans to focus initially on crypto-linked markets, with intentions to scale into tokenized stocks pending necessary regulatory approvals.  Crypto market maker Wintermute has secured broker-dealer status in the U.S., giving the firm a regulated route into Wall Street as crypto trading and traditional securities markets draw closer together.  New York-based Wintermute USA LLC registered with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The unit will operate as a proprietary trading firm rather than a retail broker.  The registration lets Wintermute trade stocks and equity options, provide liquidity to exchanges and over-the-counter counterparties, and act as an authorized participant for exchange-traded funds (ETFs), including crypto-linked funds.  Authorized participants create and redeem large blocks of ETF shares, a process that helps keep an ETFs market price close to the value of its holdings.  Wintermute described the unit as proprietary-only and did not announce retail brokerage services.  Authorized participants create and redeem blocks of ETF shares directly with fund issuers, helping keep

08-07انڈسٹری

Bitcoin hovers below $65,000 as Middle East tensions escalate further

SummaryBitcoin is holding near $64,700 Friday, barely changed over the last 24-hour period, while the broader CoinDesk 20 index is down 0.2% over the period.Brent crude has meanwhile moved to over $83 a barrel after Yemens Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.Gold has meanwhile maintained its recovery, moving up 1.5% to now trade at $4,300 per ounce as investors move toward safety in the face of uncertainty.  Bitcoin is holding near $64,700 Friday, barely changed over the last 24-hour period, while the broader CoinDesk 20 (CD20) index is down 0.2% over the period.  Brent crude has meanwhile moved to over $83 a barrel after Yemens Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.  Treasury yields have seen a slight correction, but remain at 4.67% for the 10-year note, a level Fidelitys Director of Global Macro Jurrien Timmer said “history suggests that nothing good happens.”  Higher oil could add to inflation pressure if sustained, while elevated Treasury yields tighten financial conditions. Together, they could limit expectations for near-term rate cuts and weigh on bitcoin and other risk assets.  Gold has meanwhile maintained its recovery, moving up 1.5% to now trade at $4,300 per ounce as investors

08-07انڈسٹری

GTA 6 Creators Stock Hits Solana as Netflix Special Approaches

A tokenized version of Grand Theft Auto VI (GTA 6) publisher Take-Two Interactive Software‘s (TTWO) stock has launched on Solana through Backpack Securities. Holders can now trade the company’s equity straight from a compatible crypto wallet.  The listing arrives as Netflix readies an exclusive extended look at GTA 6. The special airs August 27. It lands ahead of the games November 19 launch on PlayStation 5 and Xbox Series X|S.  Sponsored  Sponsored  How the TTWO Tokenized Stock Trades on Solana  Backpack Securities is the tokenization arm of the Solana-based exchange Backpack. It minted the wrapped TTWO shares and listed them across several venues.  Backpack frames the tokens as direct equity claims rather than synthetic price trackers. Each one represents a 1:1 redeemable stake in TTWO shares held through a dedicated custody vehicle, not a derivative contract that only mirrors the stocks price.  “Unlike synthetic alternatives, Backpack investors hold full ownership of the traded U.S. equities, backed by the depth of traditional exchange liquidity,” Backpack CEO Armani Ferrante, via GlobeNewswire  The tokens still settle instantly and trade outside Nasdaqs normal hours, unlike the underlying stock itself.  The wrapped stock last changed hands at $233.79, according to live BeInCrypto data. That price held flat over the past 24 hours. Market capitalization

08-07انڈسٹری

Elon Musk‘s Terafab Will Be Earth’s Most Valuable Building, 50x the Size of the Pentagon

Elon Musk announced Terafab, a Texas chip factory that Tesla and SpaceX will build together.The plant will manufacture semiconductors for artificial intelligence and robotics.   Musk said Terafab Texas would become the most valuable building on Earth by far.  Sponsored  Sponsored  Tesla and SpaceX plan to invest $16.8 billion to start construction. Total spending could reach $119 billion across multiple phases, according to regulatory filings reported this week.  Terafab Texas Aims to Be Earths Most Valuable Building  Musk made the claim in a post on X, where he also praised the factorys planned design.  Terafab Texas will be the largest and most valuable building on Earth by far.  And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y  — Elon Musk (@elonmusk) August 6, 2026  Analyst estimates suggest the facility could generate more than one trillion watts of AI computing capacity each year. It will rely on two-nanometer chip technology, among the most advanced processes available today.  Social media users quickly compared Terafab‘s footprint to some of the largest structures on the planet. Side-by-side graphics placed the factory next to Tesla’s own Austin gigafactory, government buildings, corporate campuses, and shopping centers built for millions of annual visitors. One such comparison gathered millions of views within a day.  Terafab will be 50 times the size of

08-07انڈسٹری

CleanSpark misses Wall Street revenue estimates as shares sink

Nasdaq-listed Bitcoin mining company CleanSpark reported $138 million in revenue for the third quarter of fiscal 2026.  The $138 million represented a 30.5% year-over-year decrease from $198 million, according to its quarterly results published on Thursday.  CleanSpark also reported a net loss of $239 million, or $0.89 per basic share, for the three months ended on June 30, compared with $257 million in net income, or $0.90 per share, for the same period last year.  The revenue narrowly missed analysts consensus estimate of $142.2 million, according to analyst estimates compiled by Yahoo Finance.  CleanSparks shares fell 5.5% on Thursday, but staged a 3% pre-market recovery on Friday to trade above $13.10, Yahoo Finance data showed.  CleanSpark is among the companies that have expanded beyond their core Bitcoin (BTC) mining operations into AI and high-performance computing infrastructure.  On July 14, CleanSpark signed a 20-year data center lease with an undisclosed investment-grade global technology company for a 175-megawatt data center at its Sandersville, Georgia, campus. The company estimated the deal would generate $6.6 billion in contracted revenue over the initial term.

08-07انڈسٹری

CleanSpark reports $239M quarterly loss as revenue falls 30.5%, misses estimates

CleanSpark has reported a $239 million quarterly loss as revenue fell 30.5% year over year, while its latest AI data center lease has added a long-term revenue stream outside Bitcoin mining.  SummaryCleanSpark reported a $239 million quarterly net loss as revenue fell 30.5% year over year.Quarterly revenue came in at $138 million, missing analysts estimates compiled by Yahoo Finance.The company signed a 20 year lease expected to generate $6.6 billion from its Georgia AI data center.CleanSpark continued expanding its AI infrastructure while maintaining its Bitcoin mining operations.  According to CleanSparks fiscal third-quarter results published on Thursday, the Nasdaq-listed Bitcoin mining company generated $138 million in revenue for the three months ended June 30, down 30.5% from $198 million in the same quarter last year. The figure also came in below Wall Street expectations, with Yahoo Finance analyst estimates placing the consensus forecast at $142.2 million.  For the quarter, the company posted a net loss of $239 million, or $0.89 per basic share, reversing from net income of $257 million, or $0.90 per share, recorded a year earlier.  The earnings release arrived after the company had already reported another loss-making quarter in May. For the fiscal second quarter ended March 31, CleanSpark reported a net

08-07انڈسٹری

MyTrade Founder Fined $10K Over Bots That Wash Traded 60 Cryptocurrencies

In briefMyTrade founder Liu Zhou has been fined $10,000 over running a crypto wash trading service.Zhou pleaded guilty in October 2024 alongside 17 co-conspirators charged in the same operation.MyTrades dashboard let clients order a daily volume of fake trades, executed by bots.  The founder of crypto market maker MyTrade has avoided prison and been fined $10,000 for running a wash trading service that generated millions of dollars in fake daily volume across roughly 60 cryptocurrencies.  Liu Zhou, 41, a Canadian citizen and Chinese national, was sentenced in Boston federal court on Thursday by U.S. District Judge Angel Kelley, who imposed no custodial term, Law360 reported. He pleaded guilty to conspiracy to commit market manipulation and wire fraud after being charged in October 2024 alongside 17 other individuals and entities.  MyTrade sold the service openly. Clients logged into a dashboard on the MyTrade MM website and specified how many wash trades they wanted executed each day on named exchanges, a product the firm called “Volume Support.” Bots did the rest, buying and selling the same asset repeatedly to inflate apparent volume. As of October 2024 the service had dozens of clients.  Zhou was candid with people he believed were prospective customers. MyTrade MM “does self-trades

08-07انڈسٹری

'Shiba Inu Isn't Dead': Community Veteran Calls Out Outdated SHIB Link

Long-time SHIB community member and Shiba Eternity advisor, Mazrael, has raised concerns about a Shiba Inu legacy website link that creates the false impression that the SHIB project is dead.  The Shiba Inu legacy domain in question is shibatoken.com, which was registered 3 days after SHIB launched in August 2020. For years, this link for the Shiba Inu mainnet redirected to the shib.io website.  Mazrael stated that this was why partners, listings, and directories pointed to it, as it redirected to the SHIB ecosystem. This worked exactly as intended until April 2026, when the redirect was severed.  Based on domain records, the Shibatoken page was last updated on April 17, 2026. It was flagged and now has a takedown notice.  Mazrael highlighted the implications of this: every partner page, every listing, every wallet and explorer entry pointing at the Shiba Inu legacy domain, which was the correct thing to do then as it redirected to the SHIB ecosystem, was silently converted into a dead end. “One switch. Thousands of broken doors,” Mazrael stated.  Financial Markets News  Mazrael cited Zama, a Shiba Inu partner whose page lists the Shibatoken link as that for the SHIB mainnet, which today serves nothing but a takedown notice. “Anyone evaluating Shib

08-07انڈسٹری

Stripe owned Bridge joins EU MiCA register as 42nd authorized stablecoin issuer

Bridge has joined the EUs MiCA register, increasing the number of authorized electronic money token issuers to 42 after securing regulatory approval in Luxembourg.  SummaryBridge has joined the European Unions MiCA register, raising the number of authorized electronic money token issuers to 42.ESMA has also added three German crypto asset service providers, bringing the total number of authorized CASPs across the bloc to 324.The Luxembourg approval allows the Stripe owned company to offer regulated stablecoin and euro payment services throughout all 27 EU member states.Bridges registration comes as Stripe continues expanding its stablecoin payments business following its acquisition of the company.  According to the latest update published by the European Securities and Markets Authority (ESMA) on Wednesday, Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has been added to the European Unions Markets in Crypto-Assets (MiCA) register as an authorized electronic money token (EMT) issuer.  The addition raises the number of MiCA-authorized EMT issuers in the European Union to 42. ESMAs latest register update also added three new crypto-asset service providers (CASPs) from Germany, bringing the total number of authorized CASPs across the bloc to 324.  Bridge‘s inclusion follows regulatory approvals it announced on July 2 after obtaining both a MiCA

08-07انڈسٹری

OKX schedules delisting of GODS, PRCL and DUCK spot trading pairs

OKX has scheduled the removal of six GODS, PRCL and DUCK spot trading pairs while suspending deposits for the affected tokens from Aug. 7 and setting Nov. 7 as the withdrawal deadline.  According to an OKX announcement, the exchange will remove three margin-settled spot pairs GODS/USD, PRCL/USD, and DUCK/USD, between 16:00 and 18:00 UTC on Aug. 14. Three additional spot pairs quoted in USDT and EUR will follow three days later, with GODS/USDT, PRCL/USDT and DUCK/USDT scheduled for delisting during the same two-hour window on Aug. 17.  The exchange has also introduced a phased timeline for the affected assets. Deposits for GODS, PRCL and DUCK stopped at 16:00 UTC on Aug. 7, while withdrawals for the three tokens will remain available until 16:00 UTC on Nov. 7.  OKX has split the trading pair removals across two dates  Rather than removing all markets at once, the exchange has divided the delisting into two stages.  On Aug. 14, users will lose access to GODS/USD, PRCL/USD and DUCK/USD trading pairs. Three days later, OKX will remove GODS/USDT, PRCL/USDT and PRCL/EUR alongside DUCK/USDT, completing the process for all six spot markets listed in the notice.  At the same time, the exchange has already halted deposits for the related assets, preventing

08-07انڈسٹری
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