Tag: Million

Crypto wealth manager Abra to list on Nasdaq in blockbuster $750 million merger

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Abra, a digital asset wealth management platform, will transition into a publicly traded company through a merger with New Providence Acquisition Corp. III. The combined entity, Abra Financial, is expected to trade on Nasdaq under the ticker ABRX. The transaction sets Abra’s pre-money valuation at $750 million and allows existing stockholders, including Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI, to roll all their shares into the combined company, according to a Monday announcement. https://twitter.com/AbraGlobal/article/2033500209997844503/media/2033414651908857856 The deal makes it the first publicly traded firm to offer both SEC-registered…

Venus Protocol Hit by Code Exploit, Causing Over $3.7 Million In Losses

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Venus Protocol, a decentralized lending and borrowing platform, said on Sunday it had detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native cryptocurrency of the Thena decentralized finance platform. The unusual trading activity only affected pools for the Cake (CAKE) token, the native cryptocurrency of the PancakeSwap decentralized exchange, and the Thena token, according to an announcement from Venus Protocol. The Venus team said: “As we continue to investigate the unusual activity in the THE pool, we are taking precautionary action by pausing all…

Tim Draper-backed Ark Labs secures $5.2 million from Tether and investors to scale Bitcoin infrastructure

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Ark Labs, a Bitcoin infrastructure startup backed by Tim Draper, has secured $5.2 million in seed funding to build a programmable financial infrastructure on the world’s largest digital asset network. According to a Thursday statement, the round included Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, and Contribution Capital. Anchorage Digital and Ralph Ho, a former vice president of finance at PayPal, also participated in the seed investment. With the latest raise, the company’s total institutional funding now stands at $7.7 million, building on a pre-seed round led by…

JPMorgan Chase sued for allegedly enabling $328 million crypto Ponzi scheme

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A California investor has filed a class action lawsuit against JPMorgan Chase Bank, accusing the nation’s largest bank of helping facilitate a large-scale crypto Ponzi scheme run by Goliath Ventures. The complaint, filed this week in the US District Court for the Northern District of California, claims the scheme raised approximately $328 million from more than 2,000 investors, including plaintiff Robby Steele, who says he invested about $650,000, much of it from his retirement savings. According to the lawsuit, Goliath CEO Christopher Delgado used Chase accounts to collect investor deposits…

STRC May Help Strategy Get to 1 Million Bitcoin Faster, Beating BlackRock

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Michael Saylor’s Strategy (MSTR) may reach the 1 million Bitcoin (BTC) milestone faster than expected, potentially overtaking BlackRock in total holdings. Key takeaways: STRC share sales have generated cash to acquire over 3,500 BTC so far this week. Strategy’s implied buying power could rise to roughly 5,700 BTC per day at Tuesday’s record pace. Strategy’s BTC holdings over time. Source: BitBo.IO Rising STRC demand implies 1,940 BTC of daily buying power Strategy currently holds 738,731 BTC, including the 17,994 BTC purchase announced on Monday. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT)…

Bitcoin passes 20 million mined coins as remaining supply falls below 1 million BTC

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Bitcoin has passed 20 million mined coins, leaving fewer than 1 million BTC remaining to be issued under the network’s fixed 21 million supply cap. The move pushes the amount of Bitcoin in circulation slightly higher after the network first crossed the 95% supply threshold in November 2025. The milestone was recorded at block height 939,999, according to blockchain data, with the block mined by the Foundry USA mining pool. With 20 million Bitcoin now mined, fewer than one million BTC remain to be issued, and those remaining coins will…

Zcash surges as core development team closes $25 million funding round

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Zcash (ZEC) rose 3% to approximately $216 on Monday after Zcash Open Development Lab (ZODL), the entity formed to advance the privacy-focused digital asset ecosystem, secured more than $25 million in a funding round that drew participation from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and other prominent crypto investors. The round also included backing from Cypherpunk Technologies, Maelstrom, Chapter One, and individual investors, including Balaji Srinivasan, David Friedberg, Haseeb Qureshi, and James Nicholas. A group of angel investors from across the crypto and technology sectors participated as well. https://t.co/MtgE0AF2eg…

NYSE hit with $9 million SEC penalty over 2023 market disruption

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The New York Stock Exchange has agreed to pay a $9 million penalty to settle charges brought by the US Securities and Exchange Commission over a 2023 technology glitch that disrupted the opening of trading in thousands of stocks. The issue dates back to January 23 when a configuration error left a backup disaster-recovery system running during overnight maintenance, causing the exchange’s Pillar platform to incorrectly process opening auction data, the SEC said in a March 6 filing. That resulted in the exchange bypassing the standard opening auction for more…

Kazakhstan eyes up to $700 million investment in crypto assets and firms

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Kazakhstan could invest up to $700 million in crypto assets and related companies under plans to establish a state crypto reserve funded from sovereign assets, according to the National Bank of Kazakhstan. The central bank has set aside up to $350 million from its gold and foreign exchange reserves for investment in crypto-related assets, which may include digital assets, crypto tech stocks, and index funds or instruments linked to crypto performance, as confirmed by Governor Timur Suleimanov at a briefing on interest rates today. Central Bank Deputy Chair Aliya Moldabekova…

BC.GAME offers $500,000 bounty to track wallet tied to $4.3 million exploit

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Betting platform BC.GAME has launched a $500,000 bounty for any information that could help it track a wallet allegedly holding funds stolen during a $4.3 million exploit of a third-party game on its platform. This address belongs to a hacker,the funds used are illegal proceeds stolen from https://t.co/75wFXJL2Zp!! The hacker exploited a vulnerability in a third-party game and illegally profited $4,326,700 from BCGAME. BCGAME is now offering a global bounty to all players worldwide… https://t.co/U8DiVj14G0 — BC.GAME (@bcgame) March 5, 2026 The exploit came to light early Thursday after EyeOnChain,…