MARA Cuts 15% of Workforce After Selling $1.1 Billion in Bitcoin to Pivot Business Focus

Digital Asset, the company behind Canton Network, secured $135 million in a funding round co-led by DRW and Tradeweb Markets. The investment will drive institutional and decentralized finance adoption on the network, expanding support for various asset classes.

Hut 8 has doubled its Bitcoin-backed credit facility with Coinbase Credit to $130 million, featuring a fixed 9% interest rate and extended maturity to 2026. The loan is secured by Bitcoin holdings, with restrictions on rehypothecation and a limited recourse clause.

The crypto market experienced a relief rally following President Donald Trump's announcement of a ceasefire between Iran and Israel, leading to a rebound in global markets. Oil prices dropped, S&P 500 futures rose, and gold prices fell as investors shifted towards riskier assets like cryptocurrencies.

SharpLink Gaming, a Minneapolis-based company, recently added over $30 million in ETH to its treasury, acquiring 12,207 ETH at an average price of $2,513. This move reflects their confidence in Ethereum's utility and commitment to exploring transformative technologies.

WazirX's request for additional arguments for its restructuring plan was granted by a Singapore court, extending a crucial moratorium for its recovery efforts. The exchange, facing challenges after a $234.9 million crypto heist, is committed to seeing the restructuring plan through.

OptimumP2P, a memory layer being tested by major Ethereum validators, aims to improve the network's limitations by utilizing a novel networking stack. The technology introduces Random Linear Network Coding to reduce latency and bandwidth waste, showing significant performance enhancements in initial tests.

Altcoin Sei (SEI) surged 46.5% in the past 24 hours, reaching $0.2855, with a 72% increase over the last week. The Sei Network's native token is designed for decentralized exchanges and was chosen by the Wyoming Stable Token Commission for its upcoming stablecoin.

Bitcoin and crypto prices have rebounded following the Israel-Iran conflict escalation. The market is anticipating Federal Reserve chair Jerome Powell's testimony and a potential interest rate cut. Traders are hopeful for a bullish scenario that could push bitcoin towards its all-time high.

Metaplanet's board approved a $5 billion capital injection for its U.S. subsidiary to accelerate bitcoin operations. The company aims to accumulate 210,000 BTC by 2027, leveraging U.S. markets for optimization.

The U.S. Federal Housing Finance Agency, led by director Bill Pulte, will explore the potential impact of cryptocurrency holdings on mortgage qualification. Pulte, a crypto investor himself, has holdings in Bitcoin, Solana, and shares in a major bitcoin mining company.