An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.
The company said it will focus on building data centers for high-performance computing and artificial-intelligence workloads.
Metaplanet, Asia's largest publicly traded holder of bitcoin, is currently deep in the red, with its average acquisition cost per bitcoin at roughly $107,000.
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether's stablecoins.
Despite its mounting losses and plunging share price, the ether treasury firm says it's under no pressure to sell its holdings.
Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.
Anchorage Digital is the firm issuing Tether's USAT stablecoin, designed for the U.S. market.
Collateralized, market-neutral strategies, not DeFi or smart contracts, are driving renewed institutional interest, says GlobalStake co-founder Thomas Chaffee.
ETHZilla’s shift toward tokenization comes after a sharp downturn in its core crypto holdings.
Shares of the company fell 5% in pre-market trading.