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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
07/22/2026 03:09 AM Movement Labs Files for Chapter 11 Bankruptcy After $38M MOVE Token Scandal
MVMT Labs entered Chapter 11 with up to $10 million in liabilities and reported assets below $500,000. Former co-founder Rushi Manche holds the largest unsecured creditor claim, valued above $1.6 million. The MOVE token crisis began after 66 million tokens were sold through a disputed market-making agreement. Move Industries remains separate from MVMT Labs, keeping [...]
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07/22/2026 02:41 AM Digital Chamber Sues to Block Illinois’ First-in-Nation 0.2% Crypto Tax
Illinois’ 0.2% levy would tax digital asset value, not profits, fees, or gains from each transaction. The Digital Chamber says the law discriminates against blockchain activity under federal and state law. Brokers face monthly filings, location checks, valuation rules, and registration before January 2027. The lawsuit seeks immediate and permanent injunctions to stop Illinois from [...]
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07/21/2026 10:38 PM Super Micro Computer (SMCI) Stock Soars on Record $60B Order Backlog and Margin Expansion
Super Micro (SMCI) stock jumped 17% after hours on Q3 earnings beat, margin expansion to 15-17%, and record $60B backlog fueling AI infrastructure growth.
The post Super Micro Computer (SMCI) Stock Soars on Record $60B Order Backlog and Margin Expansion appeared first on Blockonomi.
07/21/2026 10:26 PM Binance Bitcoin Reserves Drop to 650K: What It Means for the Market
TLDR: Binance Bitcoin reserves fell to around 650K BTC, nearing a multi-month low point. Reserves declined even as Bitcoin price rose 1.58% in 24 hours, reaching $66,185. Falling reserves suggest investors favor long-term storage over active exchange trading. ETFs and institutional custody growth continue pulling Bitcoin away from exchange wallets. Binance Bitcoin reserves continue to [...]
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07/21/2026 10:01 PM Galaxy Digital (GLXY) Stock Climbs 7.4% Following $5M Bitcoin Quantum Security Program Announcement
Galaxy Digital (GLXY) stock surged 7.4% after unveiling a $5M Bitcoin Quantum Readiness Initiative to protect against future quantum computing threats.
The post Galaxy Digital (GLXY) Stock Climbs 7.4% Following $5M Bitcoin Quantum Security Program Announcement appeared first on Blockonomi.
07/21/2026 10:01 PM Korean Firms Choose Digital Asset Roles as Market Awaits Final Rules
TLDR: Korean institutions are choosing settlement, custody, or issuance roles before rules finalize. KB Financial completed a won-backed stablecoin trial covering issuance and remittance. Hana and Samsung invested a combined $1.08 billion into Upbit, Korea’s top exchange. Circle links local won networks to dollar stablecoins for cross-border settlement needs. Korean companies are showing what digital [...]
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07/21/2026 09:54 PM Kalshi Files for 24/7 Precious Metals Futures Trading Authorization
Kalshi seeks CFTC approval for perpetual futures in gold, silver, and platinum, challenging traditional Wall Street exchanges with 24/7 trading access.
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07/21/2026 09:29 PM Why Isn’t Saylor Buying BTC? Strategy Pauses Bitcoin Buys for Fourth Week
TLDR: Strategy sold $263.5 million worth of MSTR shares instead of purchasing new bitcoin this week. Strategy’s USD reserve climbed to $3.225 billion following its latest MSTR share sale this month. Strategy still holds 843,775 BTC, worth roughly $55 billion at current market prices today. Strategy raised the STRC preferred dividend to 12 percent to [...]
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07/21/2026 09:18 PM IBM (IBM) Stock Declines Despite Singapore Military Quantum Computing Partnership Expansion
IBM (IBM) stock drops 0.62% as the tech company deepens quantum computing collaboration with Singapore's military for mission planning and logistics solutions.
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07/21/2026 09:12 PM SpaceX (SPCX) Stock Climbs Following Successful 24-Satellite Starlink Deployment
SpaceX (SPCX) stock gains 3% as Falcon 9 successfully launches 24 Starlink satellites after overcoming delay, marking the company's 85th launch this year.
The post SpaceX (SPCX) Stock Climbs Following Successful 24-Satellite Starlink Deployment appeared first on Blockonomi.
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