Conor Devitt

1 week ago | dailyhodl.com | Conor Devitt

Billionaire Bill Ackman’s hedge fund, Pershing Square, has spent nearly $1 billion to accumulate shares of one real estate development firm. Perishing Square has poured $900 million into buying 9 million shares of Howard Hughes Holdings (HHH). Ackman’s fund paid a premium of 48% compared to HHH’s closing stock price last Friday and now controls 46.9% of the real estate firm’s shares, per a new press release.

1 week ago | dailyhodl.com | Conor Devitt

Banking giant Credit Suisse just pleaded guilty to conspiring to hide more than $4 billion from the U.S. Internal Revenue Service (IRS) in at least 475 offshore accounts. The U.S. Department of Justice (DOJ) says the bank breached a previous 2014 plea agreement and helped US customers open and maintain undeclared offshore bank accounts to conceal their assets from the IRS between 2010 and 2021. The DOJ says the guilty plea was the result of “a years-long investigation” by law enforcement.

1 week ago | dailyhodl.com | Conor Devitt

OKX is restarting its decentralized exchange (DEX) aggregator with a new security system after falling into hot water with regulators earlier this year amid fallout from the record-setting Bybit hack. OKX chief executive Star Xu announced on the social media platform X on Sunday that OKX’s DEX would restart with a “real-time abuse-detecting and blocking system.”“OKX Web3 is [the] Chrome and search engine to [the] blockchain.

1 week ago | dailyhodl.com | Conor Devitt

Vitalik Buterin wants to simplify Ethereum (ETH).

1 week ago | dailyhodl.com | Conor Devitt

Brown University is now a Bitcoin (BTC) investor. The Ivy League institution holds 105,000 shares of BlackRock’s iShares Bitcoin exchange-traded fund (IBIT), per a recent submitted to the U.S. Securities and Exchange Commission (SEC). The filing valued the shares at $4.915 million, though with IBIT priced at $55.19 per share at time of writing, that total is now worth $5.79 million. Brown’s investment follows two other notable examples of higher educational institutions buying BTC.