Bloomingbit Newsroom

Exodus to Cut 25% of Workforce as It Pivots to Stablecoin Payments, Card Infrastructure

Exodus Movement, a cryptocurrency wallet company, is cutting 25% of its workforce as it restructures its business around stablecoin payments and card infrastructure. CoinDesk reported on July 20 that the Omaha, Nebraska-based company said in a regula

Hut 8 Shares Surge 14% After $9.8 Billion AI Data Center Lease

Hut 8 shares jumped after the Bitcoin miner and AI infrastructure company announced a major long-term lease, lifting other stocks across the sector. CoinDesk reported on July 20 that Hut 8 signed a 15-year lease for Phase 2 of its Vega Point data cen

Strategy Raises $263.5 Million by Selling MSTR Shares, Keeps Bitcoin Holdings Unchanged

Strategy raised fresh capital by selling its own shares while keeping its Bitcoin holdings unchanged. Cointelegraph reported July 20 that the company sold 2.73 million MSTR common shares through its at-the-market program between July 13 and July 19,

FTX to Begin Fifth Creditor Payout on July 31, Distributing $900 Million

FTX, the bankrupt cryptocurrency exchange, will begin the fifth round of creditor repayments on July 31, with about $900 million set to be distributed. Cointelegraph reported on July 17 that the FTX Recovery Trust announced the payout for creditors i

Bitcoin May Reach $300,000 to $500,000 by 2029, Analysts Say

Bitcoin’s next market-cycle peak could come in a range of $300,000 to $500,000, according to a new forecast. CoinDesk reported on July 10 that veteran trader Peter Brandt expects Bitcoin’s next cycle top to fall within that range. Bernstein analyst G

Bitwise Says Bitcoin Bear-Market Bottom Is Rising as Institutional Investor Base Expands

Bitwise said the current Bitcoin bear market is structurally different from past cycles, with a broader institutional investor base helping raise the floor under prices. Juan Leon, a senior investment strategist at the crypto asset manager, told The

Gauntlet Raises $125 Million in Series C Funding From SBI Holdings Unit

Gauntlet, a decentralized-finance asset management platform, has raised $125 million in new funding. The company said July 9 that it secured the Series C investment through SBI Holdings' US unit, The Block reported. Gauntlet plans to use the proceeds

Aave’s Monad Market Tops $100 Million in Deposits Within Two Days

A lending market launched by decentralized lending protocol Aave on the Monad network topped $100 million in deposits within two days of its debut. The Block reported on July 5, citing on-chain analytics firm TokenLogic, that deposits in Aave’s Monad

UK Crypto Rules Win Praise for Global Liquidity Access, but Licensing Hurdles Remain

The UK Financial Conduct Authority has unveiled a new regulatory framework for crypto assets, prompting a mixed response from the industry. Market participants welcomed the framework’s accommodation of global liquidity, while highlighting steep licen

Bitcoin Exchange Inflows Surge as CryptoQuant Warns of More Volatility

Deposits of Bitcoin, Ether and altcoins to exchanges have surged at the same time, heightening the risk of bigger swings in the cryptocurrency market. In a report released on July 3, Julio Moreno, CryptoQuant's head of research, wrote that Bitcoin in

Semiconductor ETFs Slide From Highs as Bitcoin Rebounds, Signaling Possible Shift in Investor Focus

Memory and semiconductor shares that surged in the first half of the year on the AI boom have pulled back sharply from recent highs, while Bitcoin has rebounded from its lows, raising the possibility that investor attention is starting to shift. Coin

IMF Says Tokenization Can Boost Efficiency, Speed Transmission of Financial Shocks

The International Monetary Fund warned that tokenization of financial assets can improve market efficiency while also making the financial system more vulnerable to shocks. Tobias Adrian, director of the IMF's Monetary and Capital Markets Department,

[Opinion] Asian Stablecoins That Bypass the Dollar Could Reshape the FX Order

Asia’s foreign-exchange market has long been a core pillar of the global financial system. Korean companies settle with suppliers in China, Japanese trading houses pay partners in Vietnam, and Southeast Asian workers send money home to support their

eToro Leads $12.5 Million Funding Round for On-Chain Perpetuals Exchange Extended

EToro has led a funding round for Extended, an on-chain perpetual futures exchange. The Block reported on July 2 that eToro led Extended’s $12.5 million strategic funding round. Jump Crypto and several other investors also participated. The investmen

US Spot Bitcoin ETFs See Record $4.06 Billion in Monthly Outflows as Hopes for Institutional Demand Recovery Fade

US spot Bitcoin exchange-traded funds have posted more than $4 billion in outflows so far this month, marking the largest monthly net withdrawal on record. CoinDesk reported on June 29, citing SoSoValue data, that cumulative net outflows from US spot

Ripple CEO Says Michael Saylor Has Hurt Crypto Market

Ripple Chief Executive Officer Brad Garlinghouse publicly criticized Strategy Chairman Michael Saylor's approach to buying Bitcoin. Garlinghouse told CNBC on June 26 that financial engineering does not create long-term value and that the lasting valu

Michael Saylor Signals Another Bitcoin Purchase, Says It’s ‘A Good Time to Add More’

Strategy Chairman Michael Saylor shared a chart of the company’s Bitcoin holdings on his X account on June 7, writing, “A good time to add more dots.” Strategy is considered the world’s largest corporate holder of Bitcoin. Saylor has repeatedly poste

Solayer Launches Visa Card for USDC Payments

Solayer has launched a card that allows users to spend stablecoins in everyday transactions. Cointelegraph reported on May 15 that Solayer rolled out a Visa card tied to the stablecoin USDC. The card supports online and offline purchases, as well as

Korbit signs MOU with KG Financial… “Cooperation on digital-asset payment services”

Korbit, a domestic virtual-asset exchange, said on the 31st that it has signed a memorandum of understanding (MOU) with KG Financial (formerly KG Mobilians), an integrated payment services company, to build digital-asset payment services. The MOU was

Dunamu discloses results of 'Upclass Senior'… “Digital finance confidence among those 50 and older up 156%”

Dunamu, the operator of Upbit, South Korea’s virtual-asset exchange, said on the 31st that it has disclosed the results of its “Senior Retirement Assets Value Upclass (Upclass Senior)” program, which it has run from September last year through recent

Bithumb, SSG Landers sponsor women’s baseball, raising 40 million won in donations

Bithumb, a South Korean crypto exchange, said on the 30th that it held a ceremony to deliver equipment to support women’s baseball using funds raised through the fan-participation donation campaign “Bithumb Donation Challenge,” carried out with the S

KGeN posts Q1 ARR of $83.5 million...up 300% YoY

KGeN, a decentralized verification-based distributed protocol, disclosed its first-quarter performance metrics on the 26th. KGeN said its annual recurring revenue (ARR) for the first quarter of this year came to $83.5 million, up 309% from a year ear

AI game creation platform 'Verse8' raises seed funding…$5 million round

Verse8, an artificial intelligence (AI)-based game creation platform, said on the 26th that it has raised $5 million (about 7.5 billion won) in seed funding. Participants in the round included the IP blockchain project Story Foundation, NEXPACE, Nexo

Future House signs partnerships with Web3 clubs at 10 universities in South Korea…to run a talent-development program

Future House, a blockchain education organization and community hub, said it has signed collaboration agreements with Web3 clubs at major universities across South Korea and plans to operate a talent-development program. Participating in the collabor

ETHGas to hold 'ETH Capital Summit' next month… “Linking Korean institutions with Ethereum”

ETHGas (ETHGas), an Ethereum (ETH) infrastructure project, said on the 24th that it will host its first “ETH Capital Summit” on the 15th of next month at The RAUM in Gangnam-gu, Seoul. ETH Capital is a global Ethereum conference hosted by ETHGas. Thi

Katana enters derivatives with IDEX acquisition… “Strengthening the chain’s revenue model”

Katana said on the 24th (local time) that it will launch its own derivatives product, “Katana Perps,” through the acquisition of decentralized exchange IDEX. Through the deal, Katana plans to build out the perpetual futures market—DeFi’s highest-volu

Surf Unveils No-Code Crypto Builder 'Surf 2.0'…Build Web Apps with AI

Crypto-focused AI platform Surf on the 24th launched 'Surf 2.0,' which enables users to build crypto products using natural-language prompts alone. With this update, Surf said it provides an environment where users can build crypto analytics tools an

Korea Buidl Week 2026 to be held in Seoul in April… bringing together developer and investor communities

The Korea Buidl Week Alliance (KBWA) said on the 17th that the blockchain and digital-asset event “Korea Buidl Week 2026” will be held across Seoul from April 13 to 19. Launched in 2018, Korea Buidl Week is the country’s longest-running developer-foc

Chiliz to join 'DC Blockchain Summit 2026' as main sponsor

Chiliz (CHZ), a global sports and entertainment blockchain company, said on the 16th that it will participate as the main sponsor of the 'DC Blockchain Summit 2026 (DC Blockchain Summit 2026),' to be held in Washington, D.C., from the 17th to the 18t

Korbit builds dual-redundant KRW deposit/withdrawal system, calling it an "industry first"

Korbit, a South Korean crypto exchange, said on the 16th that it has completed the industry’s first dual-redundant system for Korean won (KRW) deposits and withdrawals. The core of the project was diversifying the intermediary firm-banking network th