News

According to ChainCatcher, citing Bitcoin News, Bitcoin mining company Ionic Digital has disclosed the completion of a $400 million private fundraising round. Financial data shows the company achieved $51.4 million in revenue in the first quarter of this year, with its digital infrastructure leasing (AI/HPC) business contributing $44 million—surpassing Bitcoin mining business revenue for the first time.

Odaily reported that Citadel Securities has filed a lawsuit in London, seeking over £6 million (approximately $7.9 million) in damages from its former Head of Systematic Market Making for Derivatives in Europe and co-founder of high-frequency crypto trading company Portofino Technologies, Leonard Lancia. Citadel Securities alleges that Leonard Lancia and his colleagues began planning the startup while still employed at the firm, and that it won an employment arbitration case, securing damages and litigation costs. Additionally, Citadel Securities filed a lawsuit against Portofino Technologies in the US in 2023, accusing them of stealing trade secrets. Leonard Lancia and Portofino Technologies have denied all accusations. The High Court in London last Friday rejected Leonard Lancia’s request to lift the asset freeze order. (Bloomberg)

ChainCatcher news, according to official sources, Standard Chartered Bank announced a collaboration with Circle to launch USDC minting and redemption access capabilities for institutional clients, becoming the first global systemically important bank to provide such integrated services. Eligible institutional clients can use USDC with a single account opening and service process without needing to set up a direct Circle account. The service is initially provided via Standard Chartered’s business at the Dubai International Financial Centre, supporting on-chain settlement, fund management, and liquidity management scenarios. It is planned to expand to additional markets in the future after receiving regulatory approval.