Topic: #btc
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KuCoin shifts perpetual contracts to hourly funding settlement
KuCoin activated an automatic rule on August 17 that moves USDT- and USDC-margined perpetual contracts to hourly funding settlement when funding rates hit contract-specific limits. Returning to four-hour settlement requires 36 consecutive hours of stable rates below 0.002%.
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Zhibao Technology Signs $154.7M PIPE in Bitcoin From 10 Investors
Nasdaq-listed Chinese insurtech Zhibao Technology agreed to sell 442 million units for $154.7 million in Bitcoin, granting investors control of the board and executive roles if the deal closes within 12 business days—though key shareholder approvals and regulatory clearances remain pending.
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Strive reaches 20,000 BTC but share dilution cuts per-holder stake
Strive's Bitcoin treasury reached 20,000 BTC this week after buying 79 coins, but a concurrent 430,000-share increase left investors owning slightly less Bitcoin per share, with the company offering no explanation for the funding gap.
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B HODL Plc's Stock Buybacks Beat Bitcoin Purchases by 24%
B HODL Plc's first week of share repurchases generated 24% more Bitcoin-per-share accretion than buying Bitcoin outright at the same price, highlighting the advantage of buybacks when a treasury trades below its Bitcoin holdings' value.
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Blockstream's 30,021-BTC Treasury Deal Loses Binding Terms
Cantor Equity Partners I and BSTR announced they will not close the proposed business combination under the original July 2025 agreement, postponing the shareholder meeting and returning redeemed shares as both parties negotiate revised terms to reflect current market conditions.
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Bitcoin mining difficulty drops 10.3%, second-largest 2024 decline
The Bitcoin network faces one of its steepest mining difficulty adjustments in history this weekend as miner margins collapse under relentless price pressure. The 10.3% reduction would rank as the second-largest drop in 2024 and the 11th-largest since Bitcoin's 2009 inception.
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Bitcoin Depot files Chapter 11 as regulators shut down crypto ATM industry
Bitcoin Depot, North America's largest Bitcoin ATM operator, filed for Chapter 11 bankruptcy on May 18 after revenue collapsed 49% year-over-year. The collapse reflects a broader regulatory crackdown on crypto ATMs, which authorities cite as vectors for fraud and money laundering targeting elderly victims.