Cryptocurrency

Bitcoin’s slide to $60k puts BTC treasury companies $10B underwater as one major firm is braces for a $27B disaster

Bitcoin’s (BTC) slide to as low as $60,233 overnight, before recovering somewhat to $65,443, has left most of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with combined unrealized losses approaching $10 billion across eight entities that collectively control more than 850,000 BTC. The reckoning hits hardest at the top. Strategy, formerly … Read more

TV news

Nigel Havers On Swedish Financial Crime Drama ‘Golden Boys’

EXCLUSIVE: Nigel Havers drew on family history for inspiration in Swedish crime drama Golden Boys. The Chariots of Fire, A Passage to India and Coronation Street actor plays a fictionalized version of Lord Moyne, the British peer and member of the Guinness family, who was caught up in Sweden‘s biggest financial crime scandal in the … Read more

Finance

Chief of lobbying firm founded by Mandelson to quit after Epstein backlash

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of Global Counsel, the advisory business co-founded by Lord Peter Mandelson, is set to resign following disclosures about the company’s links to Jeffrey Epstein. Benjamin Wegg-Prosser, who founded the business with Mandelson, … Read more

Cryptocurrency

Bitcoin ETFs Record $434M Outflows Amid BTC Slide Below $70K

Bitcoin exchange-traded funds (ETFs) continued to see outflows on Thursday, shedding almost $1 billion over the past two days as debate grows over their potential impact on the market. Data from SoSoValue shows that spot Bitcoin (BTC) ETFs recorded $434 million in net outflows on Thursday, following $545 million in redemptions the previous day. Monday’s … Read more

Cryptocurrency

Metaplanet Doubles Down on Bitcoin as Stock Slumps

Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022. “[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and prepare for the next phase of growth,” Gerovich said Friday on X, according to … Read more

Finance

US and Iran to start nuclear talks in Oman

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Senior Iranian officials arrived in Oman for crunch talks with the US over the Islamic republic’s nuclear programme as part of a diplomatic push to avert a new war between the arch-enemies. The … Read more

Finance

Stellantis to take €22bn charge as it scales back EV push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stellantis said it would take a €22bn charge and offload a stake in its battery joint venture as it scaled back its push into electric vehicles and admitted that it “overestimated the pace of the … Read more

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