DeFi Technologies has received a 180-day extension from Nasdaq, until March 1, 2027, to comply with the minimum $1 bid price rule for its shares. The company had previously been given a compliance period ending September 1, 2026, after its share price fell below $1 for 30 consecutive business days. The extension allows DeFi Technologies more time to raise its share price above $1 for at least ten consecutive days to regain compliance and maintain its Nasdaq listing. The company plans to monitor its share price and explore options to meet the requirement but warns there is no guarantee of success.
When Bitcoin collateral is liquidated in DeFi lending, the protocol sells or transfers BTC-linked tokens like WBTC, tBTC, or sBTC to repay borrower debt. This process reduces both debt and collateral but may not fully cover the loan, potentially leav...
Tether reported a net operating profit of $1.3 billion in Q2 2026, driven by its USDT stablecoin. The company holds $5.2 billion in excess reserves beyond what is needed to back USDT tokens, primarily invested in short-term U.S. Treasury bonds that g...
Ripple CEO Brad Garlinghouse expressed optimism that the US can become the global center for cryptocurrency following a White House meeting with major crypto firms and regulators. The meeting, attended by leaders from Coinbase, Robinhood, Nasdaq, and...
A Bitcoin address inactive since 2011 transferred 40 BTC valued at about $3.1 million, linked to a New York lawsuit claiming ownership of 39,069 allegedly abandoned wallets. The move proves control of the private key but does not confirm legal owners...
Fiinu, a UK fintech company, saw its shares rise over 6% after its Plugin Overdraft platform entered production following a revised agreement with Conister Bank. The updated deal sets a new timeline and commercial framework for launching a proof-of-c...
