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Binance wired $500M to back Musk’s Twitter takeover — CZ

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The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed.

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Coin Market

Crypto PACs pour $3M into Maryland races as California voters head to polls

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An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month.

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Coin Market

Crypto correction vaporized $176B in investor funds: Are bears back in control?

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Bitcoin and altcoin prices crumbled as BTC lost the $70,000 level. Will investors’ pivot to AI stocks continue to weigh on crypto markets?

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Coinbase invests in ProShares ETF tailored for stablecoin reserve assets

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The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.

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