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Another company has elected to add bitcoin (BTC) to its balance sheet. Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy. “In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote on Substack. The company will initially invest $5 million in…

Canary Capital has submitted the paperwork for potentially the first ETF to list its name under the alternative crypto assets of its kind using the PENGU token and NFT featured by Pudgy Penguins, which previously was a toy on Walmart. This is part of a series of attempts by financial firms to introduce a new avenue of investment to suit the regulated space. The institutional crypto trading and management firm filed the registration statement with the U.S. Securities and Exchange Commission Thursday on March 20. The proposed fund would mostly invest in PENGU, the native token of the Pudgy Penguins…

David Madison | Stone | Getty ImagesYou could face a 25% penaltyGenerally, you calculate RMDs for each account by dividing the prior Dec. 31 balance by a “life expectancy factor,” according to the IRS. Some companies calculate RMDs for you, but you’re ultimately responsible for withdrawing the correct amount.  There’s a 25% penalty for skipping the RMD or not withdrawing enough, said certified financial planner Scott Bishop, partner and managing director of Presidio Wealth Partners, based in Houston.But the IRS could reduce the fee to 10% if you correct the mistake, withdraw the proper amount within two years and file…

The U.S. Securities and Exchange Commission announced on March 20 that Bitcoin mining does not fall under securities and does not require registration. In a statement, the SEC’s Division of Corporation Finance stated that “Protocol Mining” on proof-of-work (PoW) networks does not meet the criteria of an “investment contract” under the Howey Test, a legal standard for determining securities. The announcement cleared the fog for miners and mining companies, stating that mining operations would not be subject to securities laws. According to the SEC, Bitcoin miners, whether solo or part of a mining pool, are not engaging in investment activities…

Fang Dongxu/VCG via Getty ImagesThere was an oft-repeated message in Federal Reserve chair Jerome Powell’s press conference on Wednesday: Tariffs will raise consumer prices.The U.S. central bank raised its inflation forecast for 2025, as have many economists, due to the expected impact of a trade war initiated by the Trump administration.”A good part of it is coming from tariffs,” Powell said of the Fed’s elevated inflation estimate.”I do think with the arrival of the tariff inflation, further progress may be delayed,” Powell said.His statement comes at a time when pandemic-era inflation has gradually declined but hasn’t yet been fully tamed…

Fed Holds Interest Rates at 4.25%-4.50%, Bitcoin Surges 4% to $85,648 as Stocks Rebound The Federal Reserve kept interest rates unchanged on Wednesday, holding the benchmark rate between 4.25% and 4.50%. The decision extends a months-long pause on rate cuts, with officials projecting only two cuts this year instead of the four or five previously expected. Fed Chair Jerome Powell downplayed concerns about inflationary pressures from President Donald Trump’s tariffs, calling their effect “transitory.” Bitcoin and other cryptocurrencies reacted positively, with Bitcoin rising more than 4% in 24 hours to $85,648, hitting a high of $85,890—its highest price since March…

Boxing was included in the Los Angeles 2028 Olympics programme after a unanimous vote from the International Olympic Committee (IOC) on Thursday, ending years of doubt over the sport’s Olympic future. The IOC last month granted provisional recognition to World Boxing in a major step towards the sport’s inclusion in the LA Games and today’s decision ensured the sport’s Olympic presence would continue. “I thank you for the approval of having boxing back. We can look forward to a great boxing tournament,” IOC President Thomas Bach said. The boxing competition at the Paris 2024 Games was run by the IOC…

President Donald Trump signs executive orders in the Oval Office of the White House on January 20, 2025 in Washington, DC. Trump takes office for his second term as the 47th president of the United States. Anna Moneymaker | Getty Images News | Getty ImagesSBA, Commerce or Treasury could take student loansTrump said this month that his administration was looking to task the Treasury Department, Commerce Department or the Small Business Administration with federal student loan management.Experts say the most logical agency would be Treasury Department, since it already plays a role in collecting past-due debts from Americans through the Treasury…

SEC Drops Lawsuit Against Ripple Labs After 4-Year Legal Battle, Marking a Major Victory for the Crypto Industry The SEC has decided to drop its lawsuit against Ripple Labs, marking a significant shift in the long-running legal battle. Ripple CEO Brad Garlinghouse announced the decision on March 19, 2025, confirming that the case had come to an end. He expressed that it was a “victory for the industry” and described the case as “doomed from the start.” Garlinghouse criticized the SEC’s approach, calling it an overreach in its efforts against Ripple. The case, which had been a significant challenge for…

Crypto.com Faces Backlash After Reversing 70 Billion CRO Token Burn, Alleging Vote Manipulation Crypto.com has come under fire after it reversed a major token burn on the Cronos blockchain, which was initially announced in 2021 as the “largest token burn in history.” The company planned to burn 70 billion CRO tokens to decentralize the network but recently proposed to reissue these tokens, bringing the total supply back to 100 billion. This has led to widespread criticism and accusations of vote manipulation within the crypto community. The proposal, introduced on March 2, suggested the creation of a Cronos Strategic Reserve, which…