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A public fight is unfolding at Empery Digital (EMPD), a bitcoin BTC$65,614.36 treasury company holding 3,723 BTC whose shares have slumped 45% in the past 12 months.While it’s a small holding compared to firms like Michael Saylor’s Strategy, the boardroom drama with an activist investor brought this company into the spotlight. In a Feb. 4 letter, investor Tice P. Brown, founder and managing partner of the Woodmont Partners family office, said he owns 9.8% of the firm, accused management of reckless behavior and poor governance, allowing employees to “day-trade tens, or hundreds of millions of dollars of bitcoin derivatives.” He…

 Transia-RnD proposes an XRPL sidechain for options and up to 200x leverage, drawing direct comparisons to Hyperliquid’s $9B chain. Here’s what’s in the pitch.Transia-RnD has dropped a formal pitch for an XRPL options sidechain. Purpose-built. Not retrofitted. Denis Angell, the developer behind the proposal, published the full specification on GitHub and the crypto community reacted fast.On X, Denis Angell (@angell_denis) posted the GitHub link with two words: “Something big.” The document he linked outlines what Transia-RnD is calling the native derivatives layer for the XRP Ledger, a chain built specifically for options trading with up to 200x leveraged margin positions…

The Office of the Comptroller of the Currency published its proposed rulemaking to regulate stablecoins under the GENIUS Act, sparking questions about whether it was banning yield payouts from crypto companies.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThe Office of the Comptroller of the Currency (OCC), a federal banking regulator, published a notice of proposed rulemaking pursuant to the GENIUS Act explaining how it might oversee stablecoins. Most of it appears straightforward, but the portion addressing yield seems ambiguous, and possibly even controversial.Why…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a recent report, Hyperliquid saw the surge in trading volume over the weekend, as it became the venue to bet on commodities and other traditional asset classes. Following the escalation of tensions between the United States, Israel, and Iran, Bitcoin and the crypto market succumbed to significant downward pressure. However, the crypto market wasn’t the only asset class that saw trader activity on Saturday, February 28, as perpetual swap futures tied to various commodities on Hyperliquid also witnessed significant price action. These moves offered some…

USDCx launches on Cardano mainnet via Circle xReserve, bringing USDC-backed stablecoin liquidity to Liqwid, Minswap, and SundaeSwap with zero third-party bridges.Cardano just got its own dollar-backed stablecoin. USDCx is now live on Cardano mainnet through Circle xReserve, and the move puts USDC liquidity directly inside one of crypto’s longest-running proof-of-stake networks. No third-party bridge required.Circle confirmed the launch in an official blog post, stating that Cardano is now connected to Circle xReserve. The token sits at the mainnet address asset1e7eewpjw8ua3f2gpfx7y34ww9vjl63hayn80kl. USDCx is fully backed by USDC held inside a non-custodial smart contract managed through xReserve infrastructure.The launch draws on Circle…

The mood around digital assets has shifted again among the world’s largest allocators, according to Ron Biscardi, CEO of iConnections, which runs one of the largest capital introduction conferences globally.Biscardi, who has spent more than 25 years in the alternative investment industry and runs a platform that represents over $55 trillion in assets, has a front-row seat. His firm tracks thousands of meetings between fund managers and institutional investors each year. That data shows how quickly sentiment can turn.After a couple of “rough” years following the crypto market crash following the FTX collapse in 2022, interest began to stabilize at…

The Bitcoin market recorded another week of volatile price action, but continues to consolidate a defined range between $60,000 – $70,000.  Bearish sentiments remain at a heightened level, considering the downtrend observed in recent months and the non-confirmation of a cycle bottom.  Notably, recent on-chain data has revealed the importance of a particular support level, which, if breached, could expose investors to steeper downsides and extend the crypto winter. URPD Indicator Shows Fragile Market Set-Up – Details In an X post on February 27, market analyst Ali Martinez shared insights from Bitcoin’s UTXO Realized Price Distribution (URPD), highlighting a thin…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Trump Media & Technology Group is weighing a plan to spin off Truth Social into a separate publicly traded company, based on reports released this week. The move is being discussed as the company faces mounting losses tied in part to digital asset holdings. Talks are ongoing, and no final agreement has been signed. Trump’s Truth Social Could Stand On Its Own According to reports, the company is considering distributing shares of a new Truth Social entity to existing investors. That standalone company could later merge with…

Vitalik Buterin announces EIP-8141, an account abstraction overhaul set to remove intermediaries and reshape Ethereum’s transaction layer entirely.Ethereum’s account abstraction problem has been sitting unresolved since 2016. That is, until now. Vitalik Buterin announced on X that EIP-8141 is live, and it addresses every remaining gap that the original EIP-86 first raised nearly ten years ago.The proposal is what Buterin describes as an “omnibus.” It wraps up all the things account abstraction was meant to fix and then adds more on top. That framing alone signals how much ground this single EIP covers.Must Read: ETH Funding Flips Positive as $262M…

Leading bitcoin BTC$67,167.53 treasury company Strategy has again raised the dividend on its STRC (“Stretch”) preferred series.Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%.While STRC to this point has performed as hoped by the company — continuing to trade in a tight range close to $100 — Strategy’s common stock, MSTR, has floundered alongside the price of bitcoin.MSTR closed February with its eighth consecutive monthly decline, falling 14% as bitcoin tumbled nearly 20%.Stretch is meant for steady incomeStrategy describes STRC as a short-duration, high-yield savings account. This latest dividend increase…