The crypto sector remains deeply out of favor not only from a price perspective, but also in terms of investor sentiment. Capital flows and market attention have increasingly shifted towards other high-growth sectors, most recently semiconductors and memory-related stocks, which have effectively replaced crypto as the market’s dominant momentum trade. This analysis compares the performance […]
BTC drifts as hot money chases other assets Read More »
Ethereum treasurer Bit Digital (BTBT) made its first ether (ETH) purchase since the peak of the crypto market in October, but it is already underwater on the purchase as crypto prices pull back again. The company said it bought about 8,568 ether (ETH) worth $20 million on May 11 at an average price of $2,334
Bit Digital (BTBT) bought ether for the first time since October before falling 15% Read More »
Asset manager VanEck has launched the first US exchange-traded fund to offer spot exposure to BNB, further expanding its crypto ETF offerings. The VanEck BNB ETF, which trades under the ticker VBNB, began trading shares backed by BNB held in cold storage through custodian Anchorage Digital Bank, according to the company. The fund carries a
VanEck launches first US spot BNB ETF on Nasdaq Read More »
Asset management giant Grayscale is the latest crypto firm to delay its plans to go public due to market conditions, according to a person with knowledge of the matter. The Stamford-based investment firm has paused its IPO preparations and is unlikely to restart the process until the fourth quarter at the earliest, said the person,
Grayscale IPO Delayed As Crypto Firms Reevaluate Public Market Plans Read More »
All in the space of a few weeks, Anthropic unveiled new agents for finance, Circle launched nanopayments, MoonPay launched a payment card for agents, and Gemini launched agent trading, signaling that the agent finance battle is here. While the products are new, the underlying business model remains the same. Every exchange and brokerage earns more
Disciplined AI agents are the disruptor needed to break the exchange churn model Read More »
Ethereum core developers may soon have a new source of funding: a blockchain lottery. Decentralized lottery protocol Megapot said Thursday it is teaming up with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to introduce what it describes as the crypto industry’s first programmable charity lottery. During the event, users can purchase tickets
A blockchain lottery plans to use crypto gambling fees to fund Ethereum development Read More »
Latest developments: Calamos says its hedged Bitcoin ETFs are attracting inflows even as spot Bitcoin ETFs are seeing redemptions. Matt Kaufman, head of ETFs at Calamos, said the firm has seen about $10 million to $15 million in inflows over the past few weeks. Kaufman said advisers are increasingly looking for Bitcoin exposure that reduces
Calamo bets hedged Bitcoin ETFs can survive crypto market swings Read More »
The decentralized finance (DeFi) sector has been hit by recent criticism and negative comments following a $20 billion drop in total value locked (TVL) and $1.1 billion lost to hacks like the $292 million Kelp DAO bridge exploit. DeFi is no longer secure because AI is becoming ‘superhuman’ in hacking, former OpenZeppelin CTO and co-founder
Why DeFi’s $20B TVL Drop Is Just a Market Stress Test Read More »
Stablecoin giant Tether’s US-focused digital dollar token USAT (USAT) expanded more than six-fold month-over-month in April, still lagging far behind its rivals. According to the latest reserve report signed by Deloitte and published on Thursday, the token’s circulating supply hit $140.8 million per April 30, up from $22 million in March and with 540% growth
Crypto trading firm FalconX has confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission (SEC), the first step toward a potential public listing, according to a person familiar with the matter. FalconX has hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), said the
