Bitget is expanding its product suite with IPO Prime, a proxy offering tied to the pre-initial public offering (pre-IPO) phase of SpaceX. The exchange said the initial token, preSPAX, will give retail users economic exposure to SpaceX’s post-IPO performance without granting direct ownership of SpaceX shares. SpaceX has not endorsed, approved, or au

Bitget has launched IPO Prime, a new product that gives eligible users access to tokenized pre-IPO offerings through a subscription model. The first asset under the program is preSPAX, a digital instrument tied to the economic performance of SpaceX. Bitget is moving into tokenized private market access with a product that aims to bring pre-IPO [&he

Covenant AI, a developer operating on Bittensor’s subnet ecosystem, announced on Friday that it is leaving the decentralized AI network, accusing governance of not being meaningfully distributed and questioning whether the project can sustain its decentralization claims. In a post on X, Covenant AI founder Sam Dare said the team could no longer bui

Bitmine Immersion Technologies has uplisted to the New York Stock Exchange and increased its share buyback authorization from $1 billion to $4 billion. The company now holds about 4.8 million ETH, or roughly 3.98% of total ether supply, as it pushes toward a 5% target. Bitmine Immersion Technologies has started trading on the New York […]

Japan has amended its main financial law to tighten oversight of crypto assets. The government approved changes to the Financial Instruments and Exchange Act on Friday (today), according to Nikkei. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). The amendment classifies crypto assets as financial instrum

Covenant AI said it is leaving Bittensor because the network’s governance no longer reflects its stated commitment to decentralization. Founder Sam Dare said the split was driven by a loss of trust in how power is exercised inside the ecosystem. Covenant AI is leaving Bittensor, and the company is framing the decision as a break […]

Japan’s cabinet has approved a bill that would classify crypto assets as financial products under securities law. The proposed changes would ban insider trading in crypto and require issuers to make annual disclosures. Japan is moving closer to bringing crypto into its mainstream financial rulebook, with the cabinet approving legislation that would

The Japanese government has amended the Financial Instruments and Exchange Act to classify crypto assets as financial instruments, a move that expands regulatory oversight and tightens the rules governing issuers, exchanges, and market conduct. According to Nikkei, the changes also ban insider trading and other trading practices based on undisclose

A World Liberty wallet reportedly borrowed $75 million in stablecoins against WLFI tokens and later sent more than $40 million to Coinbase Prime. DeFi analysts warned that the WLFI-backed position on Dolomite could become difficult to liquidate cleanly if the token price falls. A large borrowing position tied to World Liberty is drawing fresh scrut

TD Cowen trimmed its price target for Strategy while maintaining a positive stance on the company’s Bitcoin treasury model. The bank also initiated coverage on Sharplink with a buy rating, citing its ability to grow digital assets through Ethereum staking. TD Cowen is drawing a sharper line between two crypto treasury models, staying constructive o