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17 Jan 2026, 08:24
Steak ’n Shake makes $10 million Bitcoin purchase for reserves
The American fast-food chain has made a $10 million Bitcoin purchase for its Strategic Reserve to deepen the integration of the cryptocurrency into its business. Steak ’n Shake made the announcement on Saturday through the company’s official X account, eight months after it began accepting Bitcoin payments in its US restaurants. The rollout began in May after weeks of teasers, and the company says it has seen improvements in same-store sales thanks to the Bitcoin initiative. “Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since.” The post added that all Bitcoin payments are funneled directly into the Strategic Bitcoin Reserve, with the latest purchase increasing exposure by “$10,000,000 in notional value,” the fast food company wrote . Steak ‘n Shake boasts of being the first restaurant with a Bitcoin reserve Steak ’n Shake is claiming a first-mover position among restaurant chains, saying it “made history as the first major restaurant to establish a Strategic Bitcoin Reserve.” The company did not disclose the timing or execution details of the $10 million Bitcoin acquisition, nor whether it was purchased in a single transaction or accumulated over time. Our newly remodeled Steak n Shake leans hard into nostalgia. Funded by beef tallow and bitcoin 🇺🇸 pic.twitter.com/2Z0gfRjMgp — Steak 'n Shake (@SteaknShake) August 29, 2025 At the Bitcoin 2025 conference held that month, Chief Operations Officer Dan Edwards told attendees that the bitcoin payments had delivered immediate financial benefits for the Steakburgers maker. He mentioned that Bitcoin payments were cutting processing costs by 50% compared to fiat payment methods, while increasing transaction speeds at the register. “Bitcoin is a win for the customer, it’s a win for us as the merchant, and it’s a win for you in the Bitcoin community,” Edwards said during his remarks at the event. Steak ’n Shake confirmed all Bitcoin payments received will be retained in their digital currency form instead of being converted to dollars, a policy that directly feeds the Strategic Bitcoin Reserve. The firm reported an increase of about 10.7% in sales during the second quarter, followed by a 15% increase in the third quarter. Per Dan Edwards, its third-quarter performance exceeded that of competitors in the fast-food category, including McDonald’s, Burger King, Taco Bell, and Starbucks. Twitter co-founder Jack Dorsey lauded the restaurant by sharing images in June showing he had spent $100 in Bitcoin for meals. Steak ’n Shake has also woven Bitcoin into its menu and promotions through the Bitcoin Burger, a menu item featuring a bun stamped with the Bitcoin logo, alongside a Bitcoin Meal program, which takes funds from purchases to charitable and customer rewards. Last October, Steak ’n Shake said it would donate 210 satoshis from every Bitcoin Meal sold to Open Sats Initiative, Inc. over the next 12 months. However, the company has yet to provide an estimated total donation amount. Those who purchase and register a Bitcoin Steakburger or Bitcoin Meal can receive $5 in Bitcoin through the Fold app. The process requires customers to upload their receipt to a dedicated website, receive a redemption code, and activate an account within the Fold app to claim the reward. In November last year, the fast food chain took its operations into El Salvador after participating in the country’s Bitcoin Histórico event. El Salvador was the first country to adopt Bitcoin as legal tender, a decision that executives purportedly resonated with. Join a premium crypto trading community free for 30 days - normally $100/mo.
17 Jan 2026, 08:24
Evernorth Sets XRP on a Direct Path to Wall Street
Evernorth Targets Q1 2026 Nasdaq IPO to Make XRP Exposure as Easy as Buying a Stock Crypto has long been out of reach for institutions, blocked by custody, compliance, and regulatory hurdles. Evernorth aims to change that by bringing XRP to Wall Street as a familiar, publicly traded asset. Evernorth aims for a Q1 2026 Nasdaq IPO under ticker XRPN, offering investors direct XRP exposure without the hassle of wallets or compliance. Unlike typical crypto firms, it will actively manage an XRP treasury , buying from the open market and deploying assets into regulated yield strategies. During a recent interview, Evernorth CEO Asheesh Birla acknowledged that today's crypto landscape is unlike past cycles: institutions now benefit from clearer regulations, supportive policies, and growing investor demand for digital assets within familiar market framework. Birla said, “It was a record-breaking few weeks with XRP ETFs. That’s great news. That shows that there is a demand from the public market to gain exposure to XRP, a digital asset that is at the forefront of the financial revolution on blockchain.” Well, Evernorth leverages existing momentum by offering XRP exposure through a Nasdaq-listed public-equity structure, sidestepping the compliance and custody hurdles of direct crypto ownership. Investors simply buy Evernorth shares, while the company manages XRP holdings, treasury strategy, and DeFi participation behind the scenes. This model mirrors how institutions access commodities or digital assets via public vehicles, creating a compliant bridge for pensions, asset managers, and funds restricted from holding crypto directly. Beyond passive holdings, Evernorth plans to actively manage its XRP treasury, deploying assets into vetted DeFi strategies to generate yield and boost shareholder value. If executed successfully, the company could serve as both an XRP proxy and a digital asset income engine. With a potential Q1 2026 IPO, Evernorth could redefine XRP’s institutional story, offering regulated, stock-like exposure to the token and making it as accessible as buying shares on Wall Street. Conclusion Evernorth’s Nasdaq IPO could transform institutional crypto access. By offering XRP through a regulated, publicly traded vehicle, it eliminates custody and compliance hurdles, providing investors a secure, familiar gateway to the booming digital asset market.
17 Jan 2026, 08:10
California AG orders xAI to halt distribution of deepfake images
California Attorney General Rob Bonta sent a cease-and-desist letter to Elon Musk’s xAI, demanding that the business immediately stop producing and disseminating offensive deepfake images produced by its Grok chatbot. California AG released the cease-and-desist letter on Friday in response to allegations that Grok was being used to create unlawful content involving kids and nonconsensual adult photographs, which prompted a California state inquiry. Bonta argued that it is illegal to create, distribute, publish, and display CSAM. California AG targets xAI over alleged misuse of Grok Earlier this week, the California attorney general’s office declared that it was looking into xAI due to allegations that the startup’s chatbot, Grok, was being used to produce nonconsensual, inappropriate pictures of women and children. In response, the government sent the corporation a cease-and-desist letter. “Today, I sent xAI a cease and desist letter, demanding the company immediately stop the creation and distribution of deepfakes, nonconsensual, intimate images, and illegal child abuse material. The creation of this material is illegal. I fully expect xAI to comply immediately. California has zero tolerance for illegal child abuse imagery.” – Rob Bonta , California Attorney General. The AG’s office further asserted that xAI seems to be “facilitating the large-scale production” of nonconsensual, inappropriate photos, which are then “used to harass women and girls across the internet.” According to the AG’s office, one research found that over half of the 20,000 photos produced by xAI between Christmas and New Year’s showed persons wearing very little clothing, some of whom looked like children. Rob Bonta claimed in the announcement that the corporate practices violated California civil laws, including California Civil Code section 1708.86, California Penal Code sections 311 et seq. and 647(j)(4), and California Business & Professions Code section 17200. The California Department of Justice anticipates xAI will affirm its efforts to address these issues and take immediate action to resolve them over the next five days. However, X’s safety account had previously condemned this type of user behavior. It clarified on January 4 that it takes action against illicit content on X, such as CSAM, by deleting it, suspending accounts indefinitely, and collaborating with law authorities and municipal governments as needed. Notably, on January 4, Elon Musk warned that anyone using or prompting Grok to create illegal content will face the same consequences as if they uploaded it. Attorneys general intensify pressure on AI firms over child safety An unsettling increase in non-consensual adult content has resulted from the development of free generative AI tools. This issue has been plaguing several platforms, not only X. For instance, Attorney General Bonta and Attorney General Jennings of Delaware met with OpenAI in September of last year to voice their serious concerns about the growing number of reports about how OpenAI’s products interacted with youth. In August of the same year, AG Bonta, along with 44 other Attorney Generals, sent a letter to 12 leading AI companies following reports of inappropriate interactions between AI chatbots and children. The letters were sent to Anthropic, Apple, Chai AI, Google, Luka Inc., Meta , Microsoft, Nomi AI, OpenAI, Perplexity AI, Replika, and xAI. AG Bonta and the 44 Attorney Generals informed the companies in the letter that states across the country were closely monitoring how companies develop their AI safety policies. They also emphasized that these businesses have a legal duty to children as consumers since they profit from children using their products. In 2023, AG Bonta joined a bipartisan coalition of 54 states and territories in sending a letter to congressional leaders advocating for the establishment of an expert committee to investigate the potential use of AI to exploit children through CSAM. The coalition requested that the expert commission suggest laws to shield kids from such mistreatment. “The production of CSAM creates a permanent record of the child’s victimization,” according to the U.S. Department of Justice. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
17 Jan 2026, 08:10
Binance Delisting: Strategic Removal of BID, DMC, ZRC, and TANSSI Perpetual Futures Shakes Trading Landscape
BitcoinWorld Binance Delisting: Strategic Removal of BID, DMC, ZRC, and TANSSI Perpetual Futures Shakes Trading Landscape In a significant market development, Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the strategic delisting of four perpetual futures contracts, sending ripples through the digital asset trading community and prompting immediate portfolio reassessments. Binance Delisting Announcement: Key Details and Timeline Binance officially confirmed the removal of four specific perpetual futures trading pairs from its platform. The exchange will delist BID/USDT, DMC/USDT, ZRC/USDT, and TANSSI/USDT contracts precisely at 09:00 UTC on January 21, 2025. Consequently, all pending orders will automatically cancel at that time. Furthermore, traders cannot open new positions for these contracts after the announcement. The exchange strongly recommends users close any existing positions before the deadline to avoid automatic liquidation. This decision follows Binance’s standard quarterly review process for all listed trading products. Perpetual futures contracts, unlike traditional futures, lack an expiry date. Traders use them for leveraged speculation on cryptocurrency price movements. Binance regularly evaluates all listed products against rigorous performance metrics. These metrics include trading volume, liquidity, network stability, and regulatory compliance. The exchange’s review framework aims to protect users and maintain market quality. Therefore, contracts failing to meet these standards face removal from the platform. This process ensures a healthy trading ecosystem for all participants. Understanding the Affected Cryptocurrency Projects The delisting affects four distinct digital assets, each with unique characteristics and market positions. BID (Bidao) functions as a blockchain platform focusing on decentralized finance and stablecoin issuance. DMC (DataMarketCoin) supports data marketplace and storage solutions. ZRC (ZrCoin) originally linked to zirconium dioxide production but has evolved. TANSSI (Tanssi Network) provides appchain infrastructure services for developers. Market data shows declining trading volumes for these assets throughout 2024. Industry analysts note several common factors among delisted assets. Typically, these projects exhibit sustained low liquidity and diminished developer activity. They also often face increased regulatory scrutiny in certain jurisdictions. Moreover, competing projects with stronger fundamentals frequently outperform them. Exchange delistings can significantly impact a project’s visibility and accessibility. However, projects sometimes recover on other trading platforms or through protocol upgrades. The cryptocurrency market naturally experiences continuous evolution and consolidation phases. Historical Context and Exchange Governance Trends Binance has established a clear precedent for periodic contract reviews and removals. The exchange delisted multiple spot and futures trading pairs throughout 2023 and 2024. For instance, it removed ANKR/USDT and MULTI/USDT perpetual contracts in November 2024. These decisions consistently align with the platform’s risk management framework. Major exchanges like Coinbase and Kraken follow similar governance practices. They regularly assess listed assets against evolving compliance standards. Regulatory developments significantly influence exchange listing policies. The Markets in Crypto-Assets (MiCA) regulation in the European Union sets stringent requirements. Similarly, the U.S. Securities and Exchange Commission maintains active enforcement posture. Consequently, exchanges proactively manage their product offerings. They aim to preempt potential regulatory challenges and protect user assets. This trend toward stricter governance reflects the industry’s maturation process. Market participants now expect more rigorous standards from leading platforms. Immediate Market Impact and Trader Response Strategies The announcement triggered immediate market reactions across several trading venues. Spot prices for BID, DMC, ZRC, and TANSSI experienced increased volatility following the news. Some traders initiated rapid position closures to avoid last-minute liquidity crunches. Others explored arbitrage opportunities between Binance and other exchanges still listing these assets. Derivatives traders particularly focused on managing their leverage exposure before the deadline. Professional trading firms recommend specific action steps for affected users. First, traders should immediately review all open positions involving these contracts. Second, they must decide whether to close positions manually or wait for automatic settlement. Third, users should explore alternative platforms if they wish to maintain exposure. Fourth, portfolio rebalancing can help mitigate concentration risks. Finally, staying informed about potential relisting announcements on other exchanges is crucial. Risk management remains paramount during such transitional periods. Recommended trader checklist: Audit all current perpetual futures positions Set reminders for the January 21 deadline Research alternative trading venues for these assets Adjust overall portfolio risk parameters Monitor official exchange channels for updates Liquidity and Settlement Process Mechanics Binance will execute the delisting process through a standardized technical procedure. The exchange will disable these trading pairs at the specified time. Then, it will cancel all remaining open orders automatically. Next, the system will settle any open positions at the final mark price. Users will receive their remaining equity in their futures wallets. The entire process typically completes within minutes after the cutoff time. Historical data from previous delistings shows minimal technical disruptions. Liquidity providers and market makers adjust their strategies before such events. They gradually reduce their exposure to affected markets. This action helps prevent sudden liquidity gaps that could disadvantage retail traders. The exchange’s risk management systems monitor order book depth continuously. Binance may intervene if volatility exceeds predetermined thresholds. These protective measures aim to ensure fair and orderly market conditions during the transition. Broader Implications for Cryptocurrency Market Structure This delisting event reflects larger trends within the digital asset ecosystem. The market continues consolidating around higher-quality projects with sustainable fundamentals. Exchanges increasingly prioritize assets with robust technology and clear regulatory compliance. This evolution benefits long-term investors seeking reduced counterparty risk. However, it may limit access to more speculative early-stage projects. The industry appears moving toward greater institutionalization and standardization. Market analysts observe several structural implications. First, exchange governance decisions now significantly influence asset valuations. Second, projects must maintain strong exchange relationships alongside technological development. Third, cross-exchange liquidity becomes increasingly important for asset resilience. Fourth, regulatory alignment emerges as a critical success factor. Fifth, transparent communication between projects and exchanges gains paramount importance. These developments collectively shape a more mature digital asset marketplace. Conclusion The Binance delisting of BID, DMC, ZRC, and TANSSI perpetual futures contracts represents a calculated governance decision aligning with broader market evolution. This action underscores the exchange’s commitment to maintaining high-quality trading products and protecting user interests. Affected traders must take proactive steps to manage their positions before the January 21, 2025 deadline. Meanwhile, the cryptocurrency industry continues its maturation journey toward greater stability, compliance, and institutional participation. Market participants should view such delistings as natural ecosystem adjustments rather than anomalous events. FAQs Q1: What exactly is Binance delisting on January 21, 2025? Binance will remove four perpetual futures trading pairs: BID/USDT, DMC/USDT, ZRC/USDT, and TANSSI/USDT. The delisting occurs at 09:00 UTC, automatically canceling all open orders. Q2: What should I do if I hold positions in these contracts? You should actively close all positions before the deadline. If positions remain open, Binance will automatically settle them at the final mark price, potentially at less favorable terms. Q3: Will the delisting affect the spot trading of these tokens on Binance? This announcement specifically concerns perpetual futures contracts. However, spot trading pairs for these assets may undergo separate reviews. Monitor official Binance announcements for updates. Q4: Can these tokens get relisted on Binance in the future? Yes, potential relisting remains possible if the projects demonstrate improved trading volume, liquidity, and compliance. Projects must reapply and meet Binance’s current listing criteria. Q5: Where can I trade these assets after the Binance delisting? You may find these perpetual contracts or spot pairs on other cryptocurrency exchanges. Conduct thorough research to identify platforms that list these assets and ensure they operate in your jurisdiction legally. This post Binance Delisting: Strategic Removal of BID, DMC, ZRC, and TANSSI Perpetual Futures Shakes Trading Landscape first appeared on BitcoinWorld .
17 Jan 2026, 08:02
Finance Coach: XRP Will Leave a Dent in The Universe. Here’s why
In a recent tweet accompanied by a detailed video commentary, finance coach and market commentator Coach JV argued that XRP will play a significant role in what he described as a fundamental transformation of the global financial system. He described digital assets not as short-term trading vehicles, but as components of an infrastructural shift that is already underway. According to Coach JV, the existing financial system is approaching its limits, and new technologies are being integrated to address structural inefficiencies. Coach JV stated that assets such as XRP, Bitcoin, Solana , HBAR, and others should be viewed through the lens of long-term system design rather than speculative opportunity. He emphasized that his focus is not on rapid wealth accumulation but on financial literacy and understanding how money, payments, and custody are evolving. In his words, “the system can’t continue the way it is,” and investors must recognize the depth of the change taking place. XRP Will Leave a Dent in The Universe… pic.twitter.com/CYHi4R0hXa — Coach, JV (@Coachjv_) January 16, 2026 Speed, Regulation, and Institutional Adoption A central theme of Coach JV’s commentary was the alignment between technological progress and financial infrastructure. He drew comparisons between the rapid evolution of communication technology and the need for money to move with similar efficiency. From his perspective, regulation will be a defining factor in determining which digital assets endure, noting that survival through established regulations is essential for institutional adoption. He also argued that traditional banks are repositioning themselves. Institutions that once criticized digital assets, he said, are now preparing to offer custody services and investment exposure. Coach JV suggested that financial advisors will increasingly recommend small allocations to assets such as XRP and Bitcoin , reflecting a shift in institutional attitudes. ETFs, Accessibility, and Market Structure Coach JV devoted significant attention to exchange-traded funds as a likely entry point for mainstream participants. He explained that most individuals will gain exposure to digital assets through regulated products rather than self-custody, describing ETFs as a practical bridge between traditional finance and blockchain-based assets. While he stated a personal preference for holding the underlying asset, he acknowledged that ETFs offer convenience, regulatory clarity, and reduced operational risk for many investors. He highlighted a Nasdaq MarketSite segment featuring Evernorth and its plans for a public listing, noting comments from Evernorth CEO Asheesh Birla that positioned XRP as a core component of the firm’s digital asset treasury. Birla stated that Evernorth is designed to simplify access for institutions by handling custody, compliance, and security, allowing investors to gain exposure through public markets. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Strategy Over Speculation Throughout the video, Coach JV returned to the importance of discipline, concentration, and cycle awareness. He cautioned against spreading capital too thin or chasing short-term trends, instead advocating a focused approach centered on assets he believes can withstand regulatory scrutiny. He also emphasizes combining offensive and defensive financial strategies, stressing that markets move in cycles and that preparation matters more than prediction. Coach JV wrapped up his message with an appeal for structured thinking rather than optimism-driven decision-making. His core argument was that understanding systemic change, rather than reacting to price movements, is what positions individuals to navigate the next phase of the financial system effectively. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Finance Coach: XRP Will Leave a Dent in The Universe. Here’s why appeared first on Times Tabloid .
17 Jan 2026, 08:00
Bitcoin Miners Pull Back: Hashrate Drops To 3-Month Low
On-chain data shows the Bitcoin mining Hashrate has declined to its lowest level since October as miners continue to decommission farms. 7-Day Average Bitcoin Mining Hashrate Has Declined Recently The Bitcoin “ Hashrate ” refers to an indicator that keeps track of the total amount of computing power that the miners as a whole have attached to the blockchain. This metric may be used as a proxy for the behavior of the network validators. When the value of the Hashrate goes up, it means new miners are joining the chain and/or old ones are expanding their facilities. Such a trend implies BTC mining is looking attractive to these validators. On the other hand, the indicator observing a decline suggests some of the miners have decided to disconnect their rigs from the network, potentially because they are finding the cryptocurrency to be unprofitable. Now, here is a chart from Blockchain.com that shows the trend in the 7-day average value of the Bitcoin Hashrate over the past year: As displayed in the above graph, the 7-day average Bitcoin Hashrate set a new all-time high (ATH) around 1,151 exahashes per second (EH/s) back in October. Since this record, however, the indicator’s value has gone down. What’s behind this trend? The answer to that question could lie in the miner revenue. Miners earn their income through two means: block subsidy and transaction fees. Out of these, the former contributes the largest portion to their revenue. Block subsidy remains fixed in terms of BTC value (outside of Halving events, during which they permanently get slashed in half), but its USD value changes alongside the cryptocurrency’s price. Thus, miner revenue is more-or-less dependent on the asset’s price action. Back in October, Bitcoin rallied to a new ATH, so miners responded by upgrading their facilities. When the bullish price action didn’t continue, however, the cohort started pulling back. As a result, the 7-day average Hashrate has fallen to around 998 EH/s, its lowest level in more than three months. Interestingly, the latest continuation of the decline in the indicator has come despite the fact that the cryptocurrency has made some recovery recently. This may be a possible sign that miners aren’t yet convinced by a return of bullish momentum. A potential consequence of the Hashrate decline may be a drop in the Bitcoin mining Difficulty during the next network adjustment. According to data from CoinWarz , miners have taken an average of 10.6 minutes per block since the last adjustment, which is notably slower than the blockchain’s target of 10 minutes. To correct for this, Bitcoin could be forced to decrease its Difficulty by 5.6% in the next biweekly adjustment. However, something to note is that there is still about a week to go until this event, so the network’s response could change depending on how the Hashrate behaves in the coming days. BTC Price At the time of writing, Bitcoin is floating around $95,500, up more than 5% over the last seven days.
