IREN ( IREN ) shares rose more than 4% in premarket trading on Wednesday after the company announced plans for an 800 megawatt data center campus in South Australia, marking its first major Australian data center project. The agreement ensures a high-voltage grid connection capable of supporting up to 800MW of power to the campus […]
share gain on new AI data center Read More »
Kraken’s parent company brings one of Wall Street’s most coveted opportunities to crypto investors: buying into IPOs at the same price as institutional investors. Payward, the parent company of the crypto exchange, said on Wednesday that it will “soon” allow clients of Kraken and other members of its xStocks Alliance to participate in US-listed initial
Kraken parent plans to offer tokenized IPO as investors await SpaceX, Anthropic debut Read More »
A monthly research report from Bitwise’s European arm published this week pegs bitcoin’s theoretical “fair value” at around $224,000 if the asset was widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team described the figure as a “model-implied illustrative figure, not a price target or forecast,” however. The figure stems from
This model puts bitcoin’s fair value at $224,000 Read More »
Welcome to our institutional newsletter, Crypto Long & Short. This week: Alex Tapscott on the shutdown of the CLARITY Act and how it affects the average American consumer. Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them. Top headlines institutions should be aware of by Helene Braun
What about the American consumer? Read More »
Julian Sawyer, CEO of Zodia Custody, described Standard Chartered’s ongoing acquisition of the firm as a “major validation” that highlights a growing reality in mainstream finance: legacy banks cannot build institutional-grade digital asset custody securely or efficiently without proper software. Instead of treating crypto as an isolated sector, Sawyer noted that the industry is reaching
Every single bank will soon have digital assets, says Zodia CEO Julian Sawyer Read More »
A physical bitcoin BTC$66,803.93 from the legendary 2011-2013 Casascius coin had its hologram seal removed on Wednesday and the 25 BTC stored inside, worth $1.70 million at current prices, was transferred to a new wallet. Casascius coins were physical tokens created by software engineer Mike Caldwell in denominations of 0.5, 1, 5, 10, 25, 100
Rare physical bitcoin worth $1.78 million will be paid out after 12 years Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1862.4, down 0.6% (-11.0) since 4 PM ET Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Laggards: BCH (-10.7%) and BNB (-3.4%).
Bitcoin Cash (BCH) falls 10.7%, leading index lower Read More »
Strategy’s (MSTR) latest bitcoin BTC$66,877.15 The sale has had an overall impact on market sentiment, but Wall Street bank Citi does not see the move as a change to the company’s long-term strategy. The bank said the sale was expected after Strategi signaled plans to divest certain tax-deferred bitcoin holdings during the first-quarter earnings call
ETF flows, not Strategy sales, remain key bitcoin driver: Citi Read More »
BNB Chain, CoinMarketCap and Trust Wallet Launch $36,000 BNB HACK: AI Trading Agent Edition
Floating around social media is the idea that it is Iran, not the selling of Michael Saylor’s strategy, that is behind much of this week’s price crash. Last week, Finance Minister Scott Bessent announced that more than $1 billion of Iranian crypto assets (not bitcoin) had been frozen. And then yesterday, the US announced sanctions
BTC rebounds from overnight lows to $65,000 but remains under pressure Read More »
