Binance.US weighs $100M raise to win back America
Trump's crypto point man is leaving the White House just as legislation hits a wall.
Powered by Gloria
Some comebacks start with a markdown.
Binance.US is courting investors to win back US market share, but its fate remains bound to Washington policy.
That backdrop got trickier as a key White House crypto adviser stepped down with major bills stuck in limbo.
Elsewhere, Ledger is betting enhanced security can overcome lingering user skepticism.
And traders are looking past macro headwinds as crypto bounced despite a hot inflation print.
Binance.US targets $1 billion valuation in bid to revive US expansion
Binance.US is raising up to $100M in a private round, Bloomberg reports.
The $1B valuation signals confidence in rebuilding its US market share after years of regulatory retreat.
If the raise closes, it could reshape the competitive landscape for domestic crypto exchanges.
Markets
Bitcoin rallies past hot inflation data as Treasury yields cool off
September's wholesale prices surged 1.3%, the sharpest monthly jump since March 2022.
The news moving money, markets, and the world—before your day starts.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Bitcoin barely flinched, then caught a lift as falling Treasury yields sparked a broader risk-on mood.
BTC traded near $82K, ETH held above $2,400, and SOL climbed past $105.
Trump's crypto point man is heading for the exit as legislation stalls
Patrick Witt, executive director of the White House Crypto Council, is leaving for the private sector.
His departure comes while key digital asset bills remain stuck in Congress.
Losing the administration's top crypto coordinator could slow already fragile policy momentum.
Ledger launches $849 Android device that doubles as a crypto wallet
Ledger unveiled Atom, a phone-sized device that merges crypto storage with everyday apps.
The 6.77-inch OLED gadget runs Android and handles secure transaction approvals on one system.
At $849, Ledger is betting users will pay a premium to keep their keys and their apps in one place.
On Our Radar
Micro-payments get real: stablecoins and cheap networks finally make $3 transactions worth it.*
Russia's crypto crackdown: Bank tightens grip on retail wallet transfers.
Blockchain's quantum prep squad: Nine groups team up on open standards.
*sponsored
ICYMI
Weather risk on the ranch? You can hedge it.
For US farm, ranch and outdoor businesses. Heat, cold and storms hit your costs whether you're ready or not. On Kalshi you can take a position on the weather that would hurt you, from a few dollars. If it happens, the payout offsets the hit. Federally regulated.
Meme of the Day
Until next time.
Vi
|
|
