Crypto news, edited for clarity.
Concise reporting sourced from established crypto publishers and reviewed before publication.
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Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100
Strategy doubled its STRC preferred-stock repurchase authorization to $2 billion after spending about $811.5 million without restoring the stock to its $100 par value.
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Strategy Doubles Preferred-Stock Buyback Program to $2 Billion
Strategy doubled its preferred-stock repurchase program authorization to $2 billion while keeping bitcoin holdings unchanged at 845,050 BTC, according to BlockchainReporter.
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Circle Signs Agreement to Acquire Cross-Border Payments Firm Tazapay
According to BlockchainReporter, Circle signed an agreement to acquire Tazapay to expand its USDC payment reach, targeting a 2027 completion.
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Canaan Revenue Falls to $31.9M as Q2 Net Loss Widens
According to BlockchainReporter, Canaan reported $31.9 million in second-quarter revenue and a widened net loss of $97.6 million.
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Soluna Completes 83 MW Kati 1 Bitcoin Hosting Site
Soluna has energized the final 14 megawatts at Project Kati 1 in Texas, completing its 83 MW Bitcoin-hosting site.
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Robinhood Routes Event Contracts to Crypto.com’s OG.com
BlockchainReporter states Robinhood began routing football event contracts to OG.com and secured equity stakes in Crypto.com and OG.com.
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Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC
Bitcoin Magazine reports that white hats returned 3,400 BTC to the Liquid Network federation wallet after on-chain talks, keeping 598.5 BTC as an implied finder's fee.
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Solana beats Bitcoin on one key metric, but a single software bug could still take down the network
CryptoSlate reports that ARK Invest and Glassnode analyzed blockchain capture risk, revealing Solana requires 19 entities to cross control thresholds compared to Bitcoin's three.
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DeFi lender proposes bad-debt fix, but user USDC funds remain locked
CryptoSlate reports Moonwell proposed a recovery plan to reduce bad debt, while trapped depositors face locked USDC funds and unverified reserve transfers.
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Strong jobs just triggered a hawkish UBS reversal that could pressure Bitcoin through December
UBS now expects two Fed rate hikes this year, extending Bitcoin's macro headwind through December.
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