The crypto market,
briefed in 60 seconds.

EU hits Russia with massive 21st sanctions package targeting $120B crypto network — The EU considers banning third-country crypto service providers and targets 14 unnamed crypto companies.

A $5 billion cluster has formed in bitcoin options. It tells a bullish story — Bitcoin call options on Deribit have $5B open interest, with calls outnumbering puts significantly.

Bitcoin treasury companies sell up, repay debt, pivot to AI as share prices collapse — Falling share prices and debt force bitcoin accumulators to sell holdings and restructure.

Goldman Sachs Backs the Clarity Act, Splitting Wall Street Over Crypto Rules — CEO David Solomon endorsed the act, breaking with much of the banking industry amid opposition over stablecoin provisions.

Poolin was bitcoin's biggest mining pool and now it's filing for bankruptcy — Poolin, once major mining pool, owes $173M, selling assets.

LMAX exploring sale, IPO — LMAX works with Morgan Stanley and KBW to consider a sale or public offering.

BitMEX faces proposed class-action suit for theft, insider trading — Lawsuit alleges BitMEX designed system to withhold collateral and used private user data during server freezes.