CoreWeave (CRWV) announced its commitment to acquire artificial intelligence (AI) miner Core Scientific (CORZ) in an all-stock deal originally agreed on July 7. In an open letter, CoreWeave called the offer “best and final” and said it will not be changed. The company said the merger represents the most secure and value-enhancing path forward, combining […]
CRWV draws a line in the sand Read More »
The recent market selloff was likely led by retail and other crypto-focused investors rather than traditional institutions, according to Wall Street bank JPMorgan (JPM). While bitcoin BTC$105,247.40 and ether ETH$3,737.16 both fell after Oct. 10, spot BTC exchange-traded funds (ETFs) and Chicago Mercantile Exchange (CME) BTC futures saw little forced selling, the report noted. Bitcoin
JPMorgan ( JPM ) says crypto-native investors are likely driving the market slide Read More »
France is targeting cryptocurrency exchanges with expanded anti-money laundering controls to determine which ones will be granted EU-wide licenses, Bloomberg reported Friday. Conbase (COIN) and Binance are among the exchanges being reviewed, according to the report, which cited people familiar with the matter. The French regulatory and resolution authority (ACPR) has been conducting on-site inspections
Arthur Hayes’ family office, Maelstrom, is looking to raise $250 million for a debut venture capital fund targeting mid-sized crypto companies, according to a Bloomberg report on Friday. The fund plans to invest $40 million to $75 million per trade and acquire up to six companies focused on trading infrastructure, analytics and related services. Maelstrom
Arthur Hayes-backed family office seeks $250m to buy crypto services firms: Bloomberg Read More »
Gold-backed tokens hit a major milestone this week, topping $1 billion in daily trading volume for the first time on the back of the yellow metal’s record rally. Since the start of the shutdown on October 1, tokenized gold products’ trading volume has topped $10 billion, surpassing BlackRock’s iShares Gold Trust (IAU), the world’s second-largest
Record Rally Spurs $1B Daily Trading Volume Read More »
AI-focused Web3 entertainment and infrastructure company Astra Nova has raised $48.3 million to expand its suite of tokenized content tools and creator platforms. The funding includes $41.6 million from a recent strategic round and builds on previous investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United
Astra Nova raises $48.3 million. to grow the Web3, AI Entertainment Ecosystem Read More »
The native token of the oracle network Chainlink CONNECTION$16.48 fell sharply on Friday, falling nearly 9% to $16.46, its weakest price since last Friday’s crypto crash. The pullback came amid concentrated selling pressure, particularly between 6:00 and 8:00 AM ET on Friday, CoinDesk Research’s analysis model noted. A brief rebound late in the session saw
9% Drop Amid Crypto Selloff Despite Caliber’s $2M Buy Read More »
The corporate treasury function – historically rooted in conservative cash management – is undergoing its biggest transformation in decades. The revolution began in earnest with Michael Saylor at Strategy – who now owns over 3% of the total Bitcoin supply – but Strategy is no longer the only player in the bitcoin treasury space. Estimates
Your company’s balance sheet is doomed without Bitcoin Read More »
Li Lin, the founder of Huobi and chairman of Hong Kong-based Avenir Capital, is leading a new $1 billion Ether ETH$3,796.76 trust along with several of Asia’s most influential early Ethereum investors, according to Bloomberg. The report, which cites people familiar with the matter, claims that Li has teamed up with Fenbushi Capital co-founder Shen
Huobi Founder Creates $1B Ether Treasury Company Read More »
Stellar Lumens (XLM) faced notable institutional selling pressure between October 16-17, falling 6.25% from $0.32 to $0.30 in a 23-hour trading period. Trading volume rose to 89.11 million tokens, with a peak liquidation occurring between 06:00 and 08:00 GMT on October 17. Analysts attributed the move to coordinated institutional profit-taking rather than retail panic, as
XLM down 6% amid strong selling pressure Read More »
