Jack Dorsey's Block discloses 28,355 BTC worth $2.2 billion in its audited Q1 proof-of-reserves report. The transparency measure, including customer and treasury splits, allows on-chain verification amid industry push post-FTX.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
Cash App has introduced fee-free USDC stablecoin transactions on Ethereum, Solana, Polygon, and Arbitrum while automatically converting incoming holdings to USD balances. The expansion broadens Block's payments offerings beyond its longstanding Bitcoin focus despite CEO Jack Dorsey's past criticism of stablecoins as shifting power from one gatekeeper to another.
Strategy could create up to $30 billion in digital credit from its existing balance sheet to fund more Bitcoin purchases, executive chairman Michael Saylor said on the third-quarter earnings call.
BlackRock filed with the SEC for the iShares Bitcoin Managed Protection ETF, which would cap gains on bitcoin exposure while limiting losses. The fund, ticker PBIT, would use options and Treasuries and cannot launch until its registration takes effect.
Metaplanet secured approval for a 93.7% stake in Super League, USD1 lost over $400 million in market cap, and Qubic reportedly paused after an about $1.4 million exploit.
Standard Chartered announced bitcoin trading for affluent UAE clients on October 14, allowing direct purchases through bank accounts. The move positions the bank as the first international institution to offer the service in the country and extends its existing crypto operations in Luxembourg and Hong Kong.
