Listed on the Tokyo Stock Exchange under ticker 2334, Iore reports a BTC sale loss of approximately JPY 254 million and increases investment in AI data centers. ■ Full Sale of BTC Holdings On the 30th, Iore, listed on the Tokyo Stock Exchange Growth Market, resolved at its board of directors meeting to sell all 151.21 bitcoins (BTC) held, with proceeds to be prioritized for early investment in AI data center (AI DC) initiatives. According to timely disclosure, the expected sale proceeds amount to JPY 1.831 billion, calculated based on market value as of October 30, which is below the book value of JPY 2.085 billion as of September 30, resulting in an anticipated loss of approximately JPY 254 million. Iore cited the rapid escalation of cyber threats and the growing importance of addressing risks across the entire digital supply chain as reasons for the sale. In light of this changing environment, the company reassessed the risks and value creation potential of asset holding versus business investment and revised its capital allocation strategy accordingly. Accordingly, Iore plans to complete market sales through cryptocurrency exchanges between October 30 and November 30 (including partial sales), with proceeds to be prioritized for investment in AI data centers, AI computing power services, and its NeoCloud business by early December. Terrible timing 😳 #BTC #Bitcoin #Cryptocurrency #CryptoAssets #Crypto #Bitcoin
Russia, which proposed banning cryptocurrencies in 2022, will open Bitcoin to all investors starting December 1. According to Izvestia, the Moscow Exchange plans to begin trading Bitcoin, Ethereum, and USDT from December 1, from 7:00 AM to midnight Moscow time. While the Central Bank of Russia had advocated for a ban, a law legalizing regulated cryptocurrency trading officially took effect on September 1. Retail investors must pass a qualifying test and are subject to an annual trading limit of 300,000 rubles per broker. Under the new rules, qualified investors can trade any cryptocurrency without restrictions. #cryptocurrency #crypto #BTC #Bitcoin #virtualcurrency #cryptoassets #cryptocurrency
Binance is reported to have retaliated in real time against hackers and recovered $823 million in USDC. Chain analysis indicates that even after the attacker seized control of the wallet using malicious EIP-7702 authentication, Binance’s wallet keys continued to function. Binance is said to have executed transactions using the signing key through the compromised wallet to recover $823 million in USDC. The attacker obtained 50 valid signatures from the wallet key, one of which successfully activated malicious code, resulting in the exfiltration of 65 assets. Even after Tether and Circle added the attacker’s address to their blacklist, the exfiltration continued, with $200 million in USDT deposits cleared within just 100 seconds of arrival.
