Business
The people and companies shaping the crypto industry.
Character.AI Files for Bankruptcy as Disney Bids $20 Million—And Users Get Grief Resources
Character.AI, the app where millions of people spend hours chatting with AI versions of fictional heroes and made-up partners, has filed for bankruptcy. The company announced Monday that it started a voluntary Chapter 11 process, a type of U.S. bankruptcy that lets a company keep operating while a judge supervises how its debts get paid or how its assets get sold. The case was filed in the U.S. Bankruptcy Court for the District of Delaware. Myriad: Which company will have the best AI model? Clic...
Oct 12, 2026
Business
NEXTPredict Paid $12,000 to Hedge Its Conference on a Prediction Market
The organizers of a prediction markets conference have hedged the conference on a prediction market, paying a $12,000 premium for contracts that would return around $3 million if New York's airports seize up the day before it opens. The trade, executed through Kalshi with Susquehanna as market maker, settles on whether more than half of flights scheduled to land at John F. Kennedy International Airport are canceled on October 21, the main travel day before NEXTPredict's October 22-23 summit at C...
Oct 12, 2026
Business
Bitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking'
Bitmine Immersion Technologies bought 12,532 ETH over the past week, worth about $31.9 million at the $2,544 price the company used to value its holdings and lifting its holdings to 6,028,946 ETH, the company said Monday. The stash represents 4.9% of the total 122.1 million Ethereum token supply, leaving the firm 99% of the way to its goal of owning 5%, a target it calls the "Alchemy of 5%." 🧵1/BitMine provided its latest holdings update for October 12, 2026 $16.2 billion in total crypto + "mo...
Oct 12, 2026
Business
Strategy Scoops Up $21.5M in Bitcoin, Buys Back $192M in STRC
Strategy bought 250 BTC last week and spent $192.4 million repurchasing its STRC preferred stock, the company said on Monday. The Bitcoin treasury firm paid $21.5 million for the coins between October 5 and October 11, an average of $86,194 per Bitcoin including fees, according to its release. It now holds 848,250 BTC, a new record, acquired for a total of $64 billion at an average of $75,444 per coin. Strategy raised $21 million by selling about 125,000 shares of its MSTR common stock through i...
Oct 10, 2026
Business
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
Meanwhile, a life insurance company that operates entirely in Bitcoin, has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas. The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. Myriad: How high will Bitcoin go? Click to make your prediction. Meanwhi...
Oct 9, 2026
Business
Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives
Blockchain.com is making a bid to join the U.S. prediction-market boom, telling CNBC it has applied to the Commodity Futures Trading Commission for licenses to offer event contracts and cryptocurrency derivatives to American customers. The crypto platform filed for two designations, the company told CNBC: a designated contract market license, which would let it operate as a futures exchange for event contracts, and a futures commission merchant license, which would allow it to act as a broker fo...