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CoinShares exercises option to acquire U.S. Bitcoin ETF issuer Valkyrie

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After securing the option to acquire Valkyrie’s crypto unit in November 2023, CoinShares is exercising the option after Valkyrie’s spot Bitcoin ETF listing on Nasdaq.

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Coin Market

Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown

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In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.

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US bans DeepSeek from civilian agency IT systems

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The restrictions extend earlier bans within US defense and security agencies, amid concerns that DeepSeek could expose federal information to China.

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Coin Market

Bitcoin rally could revive treasury buying, but easy-money days over

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“A return to last year’s indiscriminate capital raising looks unlikely,” said Bitfinex head of derivatives Jag Kooner.

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