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🧵 5. Controversy surrounds BitGo's WBTC distribution plan as concerns of introducing high risk arise. Multi-jurisdictional custodianship debated.

🧵 4. Coinbase confirms it's not liable for additional losses if BTC backing cbBTC is lost, limiting compensation to per-BTC basis only.

🧵 3. Coinbase expanding cbBTC to Solana network as users show interest. Ahmad, Coinbase's country director for Singapore, announces the move.

🧵 2. Coinbase's Legal Officer clarifies they are only liable for actual amount of lost Bitcoin, not users' full value or additional losses.

🧵 1. Coinbase introduces Wrapped Bitcoin on Solana, clarifies liability terms for lost BTC backing cbBTC. #crypto

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🧵 5. Solana gains traction with investors worldwide as Europe sees consistent inflows into funds offering exposure to the fifth-largest cryptocurrency, notes CoinShares.

🧵 4. Despite overall positive inflows, Ethereum funds faced $29 million in outflows due to changes in Grayscale Ethereum Trust structure, says CoinShares.

🧵 3. Federal Reserve's 50-basis point rate cut boosts investor confidence in riskier assets like crypto and U.S. equities. Bitcoin price stands at $63,218 per coin.

🧵 2. Speculators put $284 million into Bitcoin exposure funds, while Ethereum funds saw outflows for fifth straight week, according to CoinShares update.

🧵 1. Bitcoin investment funds attract $321 million following Fed rate cuts, says CoinShares report. Investors bullish on digital assets amid interest rate reduction. #crypto

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🧵 5. Riot CEO on resolution: "Significant step to advance shareholder value creation," as Bitfarms seeks strategies to fend off potential hostile takeover from Riot.

🧵 4. Despite appeasing Riot, Bitfarms recently acquired Stronghold Digital Mining to strengthen valuation. Stock down but up on the day for both companies.

🧵 3. Riot, major Bitfarms shareholder, gains edge with agreement allowing further share purchases if stake remains above 15%, advancing towards takeover goal.

🧵 2. Riot aimed for Bitfarms acquisition; settlement now sees Amy Freedman joining Bitfarms' board after co-founder's departure, as Riot inches closer.

🧵 1. Bitcoin miners Riot and Bitfarms settle takeover battle with key compromise, adding Riot-picked exec to Bitfarms' board and granting buying rights. #crypto

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