Business – Page 170

US factories lag in adopting AI. This drug manufacturer is an exception.

In a sterile Bristol Myers Squibb lab about an hour north of Boston, researchers in scrubs and hairnets transfer living cells into a 2,000-liter stainless steel bioreactor, growing them for weeks. The goal is to produce proteins that are genetically engineered to attack cells that cause disease. Small variations in heat, light or pH levels […]

US factories lag in adopting AI. This drug manufacturer is an exception. Read More »

Bitcoin nears $82,000 as oil plunges 6% on renewed hopes of Iran peace deal

Business / Leave a Comment

Bitcoin BTC$81,476.63 extended gains to trade near $82,000 during the European morning on Wednesday. Futures linked to Wall Street’s tech-heavy Nasdaq index rose more than 1% as risk assets rose across the globe, while oil plunged as reports of progress in US-Iran peace talks boosted risk-on sentiment. Futures tied to WTI crude fell 6% to

Bitcoin nears $82,000 as oil plunges 6% on renewed hopes of Iran peace deal Read More »

OKX joins crypto pre-IPO frenzy with OpenAI, SpaceX perpetual futures

Business / Leave a Comment

OKX is preparing to offer perpetual futures tied to private companies including OpenAI, SpaceX and Anthropic, intensifying a growing race among crypto firms to bring speculative markets ahead of the chain’s IPO, the company said in a blog post on Wednesday. The contracts will give private companies synthetic price exposure ahead of their expected public

OKX joins crypto pre-IPO frenzy with OpenAI, SpaceX perpetual futures Read More »

Lily Liu says Solana is building the toll rails for the ‘AI machine economy’

Business / Leave a Comment

Solana Foundation President Lily Liu said the growing adoption of stablecoins by major corporations validates blockchain’s evolution into global financial infrastructure while laying the groundwork for AI-powered “machine economies.” Speaking at Consensus Miami 2026 on Tuesday, Liu pointed to recent announcements involving Meta and Western Union integrating stablecoin payments on Solana as evidence that large

Lily Liu says Solana is building the toll rails for the ‘AI machine economy’ Read More »

Crypto derivatives have converged with Wall Street. Equity perps could soon prove it.

Business / Leave a Comment

The line separating crypto derivatives from traditional finance has all but dissolved, and the two markets are now so intertwined that perpetuals, once a pure crypto instrument, could soon be as much a stock trading product as a crypto product. That’s the takeaway from the “Digital Asset Derivatives: Building Ecosystems and Establishing Opportunities” panel at

Crypto derivatives have converged with Wall Street. Equity perps could soon prove it. Read More »

Crypto ETFs are going mainstream as traditional finance catches on

Business / Leave a Comment

Miami Beach, FL – “The market is the market … it’s not crypto and traditional anymore,” Dave LaValle, president of CoinDesk Indices and Data, said on a panel at Consensus Miami on Tuesday, capturing a shift that echoed across issuers and asset managers. As traditional financial firms flock, Direxion’s Douglas Yones argued that institutional participation

Crypto ETFs are going mainstream as traditional finance catches on Read More »

Foreign demand for US stocks is increasing, says Kraken senior VP Johan Kerbrart

Business / Leave a Comment

Demand for US stocks is rising globally, pushing investors to look beyond domestic markets, Robinhood senior VP and general manager in charge of crypto, Johann Kerbrat said during a Fireside chat at Consensus 2026 in Miami. “We are seeing a lot of demand for US stocks from overseas investors, particularly linked to AI-related companies,” Kerbrat

Foreign demand for US stocks is increasing, says Kraken senior VP Johan Kerbrart Read More »

North Korea terror victims escalate fight to seize $71 million from Aave hack

Business / Leave a Comment

Lawyers seeking to seize $71 million in frozen ether for victims of North Korean terrorism changed their legal strategy on Tuesday, arguing in a new lawsuit that the April 18 rsETH exploit was not theft but fraud, directly countering Aave’s attempt to void a lien notice blocking the release of the assets. In a 30-page

North Korea terror victims escalate fight to seize $71 million from Aave hack Read More »

Bitcoin tops $81,000 as strategy considers selling BTC to fund dividend obligations

Business / Leave a Comment

Bitcoin BTC$81,315.49 zoomed past $81,000 in Asian hours on Tuesday, according to CoinDesk market data, up 6.7% on the week and riding on the broader risk band that has stocks posting records on fading Iran tensions and renewed AI optimism. Other crypto majors caught the bid. Solana zoomed 3% to $87.35. Dogecoin added another 4%

Bitcoin tops $81,000 as strategy considers selling BTC to fund dividend obligations Read More »

Oil falls and stocks rise as Trump reverses course in Strait of Hormuz

Business / Leave a Comment

Oil prices fell and Asian stock markets rose on Wednesday as investors took comfort in President Trump’s reversal to halting the day-old US operation to escort commercial ships through the Strait of Hormuz, citing what he called “major progress” towards a peace deal with Iran. The president’s decision to halt the operation came as Chinese

Oil falls and stocks rise as Trump reverses course in Strait of Hormuz Read More »