Business

Alt5 Sigma suspends CEO Peter Tassiopoulos, appoints Jonathan Hugh as interim leader

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Alt5 Sigma (ALTS), a developer of digital asset trading platforms that is building a treasury of tokens issued by the Trump family-linked World Liberty Financial, said it suspended CEO Peter Tassiopoulos and replaced him with CFO Jonathan Hugh on an interim basis. The company’s board, which is chaired by World Liberty Financial co-founder Zach Witkoff, […]

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Possibilities Open interest rate hikes to $50bn. on Deribit

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The options business appears to be the “pharma sector” of the crypto market, showing robust activity across both bullish and bearish market trends. Take Deribit-listed bitcoin for example BTC$109,684.27 the options market, which continues to boom despite, or perhaps because of, the recent bearish price action. On Thursday, the number of active BTC contracts on

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Canaan’s turnaround wins Steam as the benchmark doubles its price target to $4

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Crypto miner Canaan (CAN) is entering a stronger growth phase, according to Wall Street brokerage Benchmark, which raised its price target on the company’s American Depositary Receipts (ADRs) to $4 from $2 and reiterated its rating on the stock. Shares were 5% higher in early trading Thursday, around $1.79. Benchmark analyst Mark Palmer said the

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Crypto Market Maker B2C2 Launches PENNY to Enable Instant, Zero-Fee Stablecoin Swaps

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Crypto market maker B2C2 has launched PENNY, a new platform that enables instant, zero-fee swaps between major stablecoins as institutional demand for frictionless liquidity tools grows, the company said in a press release Thursday. The launch comes as the stablecoin market expands beyond crypto-native commerce to payments, banking and settlement uses. PENNY currently supports six

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BTC, ETH Edge Higher; HYPE price increases of $1 billion. buyout plan

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The crypto market started to establish a support level on Thursday after a turbulent couple of weeks. Bitcoin BTC$108,913.30 and ether ETH$3,847.79 showed small gains; rose 1.6% and 1.1% respectively, and tokens including BNB and SOL posted even bigger moves to the upside. The star of the show was HYPE$38.65which rose 12% after HyperLiquid Strategies

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Risk Proxies Challenge Bitcoin’s Bounce; HYPE, XMR Shine: Crypto Diary Americas

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By Omkar Godbole (All times ET unless otherwise noted) The crypto market is looking to regain upward traction with bitcoin BTC$109,307.08 trying to reach $110,000. The CoinDesk 20 Index is up over 1% in the last 24 hours, along with double-digit gains in a few select tokens such as HYPE, KHYPE and XMR. Social media

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Polymarket seeks investment at $12B-$15B valuation: Bloomberg

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Predictions marketplace Polymarket is in early talks with investors about a new investment worth between $12 billion and $15 billion, Bloomberg reported Thursday, citing people familiar with the matter. That level would mark a more than 10-fold increase from its $1 billion valuation in June, when it raised $200 million in a round led by

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Revolut secures MiCA license in Cyprus and expands regulated crypto services across the EU

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Fintech major Revolut has received a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), which allows it to provide regulated crypto services across all 30 countries in the European Economic Area (EEA). Revolut, which serves more than 65 million customers globally, said the approval cements its compliance-first approach to

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Japan’s Quantum Solutions (2338) adds more ETH, now 11th largest company owner

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Quantum Solutions (2338), an AI-focused company building an ether ETH$3,884.95 Ministry of Finance, its Hong Kong subsidiary, GPT Pals Studio, said bought 2,000.13 ether ETH$3,884.95 for $7.85 million on October 21. The Tokyo-based company said it now holds 3,865.8 ETH worth about $15.1 million, with an average price of $4,101 per ETH. The purchase makes

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