Isaac Francis

Coinbase chief executive Brian Armstrong defended users' freedom to choose high-risk financial products while agreeing that trading platforms should avoid aggressively promoting betting-style products to less experienced investors.

Base said a bug in its sequencer block-building logic caused two separate outages on its layer-2 network last week.

Ramelius Resources (ASX:RMS) has entered a binding agreement to sell its Edna May Gold Hub, including the ~2.9Mtpa processing plant and regional satellite tenements, to Forrestania Resources (ASX:FRS) for total consideration of $300 million in cash and shares.

Bitcoin (CRYPTO:BTC) and other risk assets entered the week under pressure after the total cryptocurrency market capitalisation fell to about US$2.06 trillion.

Investors in BlackRock iShares Bitcoin Trust are now facing average paper losses of almost 40% after Bitcoin (CRYPTO:BTC) fell more than 50% from its October 2025 peak of about US$126,000 to around US$60,750.

• Hyperscale Data signed a deal to provide 20 megawatts of AI computing capacity, accelerating its shift away from Bitcoin mining. 
• The agreement could generate more than US$1.2 billion over its initial term, while the company currently holds 726.94 Bitcoin (CRYPTO:BTC) worth about US$45.9 million. 
• The broader sector faces execution risk as miners convert crypto infrastructure into AI facilities while maintaining access to power, cooling and long-term customers. 

South Korea's financial regulators have issued a series of risk warnings amid continued gains in the country's stock market and a surge in trading activity.

US House Democrat Maxine Waters has submitted an 11-page comment letter to the Department of Labor, requesting the withdrawal of a proposal that would allow 401(k) retirement plans to invest in alternative assets, including private equity, private credit, real estate, commodities, and digital assets.

• AbbVie agreed to acquire Apogee Therapeutics in a $10.9 billion all-cash transaction, paying a 60% premium to secure a late-stage immunology pipeline.
• The company will pay $135.11 per share, with executives projecting the deal will not become accretive to adjusted earnings until 2032.
• Large pharmaceutical manufacturers face intense capital pressure to acquire unproven, long-acting biologics to offset impending revenue losses from patent expirations.

Spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) recorded total net outflows of US$696.29 million on the latest trading day, marking the highest single-day withdrawal since 27 May, according to data from SosoValue.