Bitcoin pioneer Adam Back’s multiple businesses have suffered setbacks: BSTR has been ordered to pay a $15 million "termination fee"
52 minutes ago
According to Bloomberg, Adam Back has long held a uniquely revered status in the Bitcoin ecosystem. A pioneering cryptographer whose work was cited by Satoshi Nakamoto, he has long been rumored to be Bitcoin’s mysterious founder. But as the crypto industry undergoes another major shakeup, multiple Bitcoin-related businesses linked to him are facing mounting pressure. A Bitcoin reserve firm he championed saw its merger with a Cantor Fitzgerald-backed SPAC collapse; a Bitcoin mining business he co-founded is mired in legal disputes; and a $320 million hack targeting a Bitcoin-linked blockchain has hit Blockstream—Back’s firm and one of the oldest infrastructure players in the crypto space. The Bitcoin custody project BSTR Holdings, which he led, terminated its merger with a SPAC under Cantor Fitzgerald, and BSTR was ordered to pay a $15 million termination fee. Blockstream Mining, the Bitcoin mining venture he co-founded and holds a minority stake in, has faced multiple lawsuits against partner Exacore since spinning off from Blockstream, accused of defaulting on equipment payments, electricity bills, and customer deposits, with total related financing amounting to roughly $2 billion. Separately, the Liquid Network, a Bitcoin sidechain launched by Blockstream, was hacked, with around 4,000 BTC stolen; 3,400 have been returned, leaving the hacker holding roughly $47 million worth of Bitcoin.
Hyperliquid has launched the Bitcoin Implied Volatility Index Contract (BVIV), supporting up to 5x leverage.
9 minutes ago
Raven closes strategic funding round at a $90 million pre-money valuation, with Coinbase Ventures and other investors participating.
9 minutes ago
Global actively managed ETFs' asset size and annual net inflow both hit new highs.
9 minutes ago
US pre-market news roundup: Anthropic’s IPO prospectus unveiled, AMD to acquire World Labs for $8.2 billion
9 minutes ago
DeepSeek Harness desktop client officially released, with Mac and Windows versions available out of the box.
9 minutes ago
Speaker of the U.S. House of Representatives: Hopes to reach an agreement at today's artificial intelligence meeting.
9 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

