Billionaire real estate mogul Barry Sternlicht said his firm, Starwood Capital Group, which manages over $125 billion in assets, is ready to begin tokenizing real-world assets but cannot move forward due to regulatory barriers in the United States. “We want to do it right now, and we’re ready,” Sternlicht said Wednesday at the World Liberty […]
PALM BEACH, Fla. — Banking trade groups, rather than individual banks, are primarily responsible for stalled negotiations on crypto market structure legislation, said Coinbase CEO Brian Armstrong. The banks themselves are looking at crypto as an opportunity, he said Wednesday at the World Liberty Forum held at Mar-a-Lago. “For whatever reason, established industries sometimes have
Shares of Riot Platforms ( RIOT ) rose nearly 9% on Wednesday after activist investor Starboard Value LP released a letter pressuring the company to accelerate its transition from bitcoin mining to AI infrastructure provider. The goal is for Riot to pursue high-margin artificial intelligence and high-performance computing (AI/HPC) hosting deals. Riot’s 1.7 gigawatts of
Riot stock jumps about 7% as Starboard pushes $1.6 billion AI data center shift Read More »
After hacking around early Wednesday, bitcoin BTC$66,498.76 tumbled during the US afternoon, falling to a session low below $66,000, again putting pressure on the lower end of its recent range. After trading at $68,500 overnight, BTC was down 2.5% over the past 24 hours and last traded at $66,200. Crypto stocks, which started the day
BTC’s bounce from this month’s crash is evaporating Read More »
Crypto exchange Kraken has extended its acquisition streak by buying token management platform Magna as the company prepares for an expected public market debut. The deal, announced Wednesday by Kraken’s parent company Payward, brings a platform used by crypto teams to manage token vesting, claims and distributions. It currently serves over 160 clients and reported
Kraken parent buys token management company ahead of planned IPO Read More »
OpenAI is stepping deeper into crypto-security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, self-executing code implemented on blockchains like Ethereum, support decentralized exchanges, lending protocols and a wide range of onchain financial
Coinbase’s Ethereum layer-2 network, Base, is changing the technology that powers it, stepping back from relying on Optimism’s OP Stack, the toolkit it originally launched on. In a blog post titled “The Next Chapter for Base,” the team said it plans to take more control over its own code and infrastructure. Instead of relying on
Base is moving away from Optimism’s ‘OP stack’ in a major technology shift Read More »
Ethereum has crossed a symbolic threshold, with more than half of the total ether (ETH) issued now contained in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in a post on X that has been met with criticism. The Onchain research firm said on Tuesday that 50.18% of
Ethereum 50% stake figure from Santiment receives criticism from researchers Read More »
Bitcoin BTC$67,064.47 can’t seem to pick a direction, swinging wildly in the early hours of Wednesday’s US session with dips quickly bought and bounces erased just as quickly. As BTC lost its overnight push above $68,500, BTC dumped below $67,000 at the start of US trading. Buyers quickly stepped in and brought a sharp pullback
BTC is holding in a tight range, but COIN, CRCL, IREN and RIOT are enjoying gains Read More »
BitMEX co-founder Arthur Hayes says bitcoin’s BTC$68,065.97 the recent 52% crash from its October peak is flashing a critical warning signal – but the crypto could eventually soar to new highs as the Federal Reserve reacts to an AI-driven banking crisis he believes is imminent. In his latest essay, “This Is Fine,” Hayes argued that
BTC to hit new highs as Fed reacts to AI-related credit collapse Read More »
