Key Highlights: Trump Media reported $409.7 million in Q3 profits, driven by $107.5 million in unrealized crypto gains and $118 million in equity gains. The company utilized proceeds from selling a portion of its BlackRock iShares Bitcoin Trust ETF (IBIT) stake to purchase 4,359 Bitcoin during the quarter. Convertible noteholders may demand cash repayment on ...
Key Highlights: Ethena has transitioned counterpart screening to its trading team under a bilateral institutional-lending framework featuring full recourse and segregated tri-party custody. Permitted collateral covers major crypto assets such as BTC and ETH while strictly excluding $USDe, sUSDe, ENA, USDtb, and borrowers’ own proprietary tokens. Public documentation omits numerical caps on aggregate lending exposure ...
Key Highlights: Jeonbuk Bank is launching South Korea’s first-ever bitcoin-backed loans denominated in Korean won. The bank will not hold the collateral directly, utilizing registered domestic virtual asset custodians and third-party liquidation frameworks to mitigate direct exposure. The service represents an initial milestone in Jeonbuk Bank President Park Chun-won’s strategic “Crypto Bank” initiative. South Korean ...