Tesla (TSLA) held its bitcoin BTC$65,879.28 holdings unchanged in the second quarter, maintaining its treasury at 11,509 BTC as the cryptocurrency’s price fell 14% over the three-month period. The electric car maker reported an after-tax impairment loss of $112 million on its digital asset holdings, according to its latest earnings release. Tesla has neither bought […]
Tesla holds bitcoin steady, reports $112 million loss Read More »
Earlier this month, Robinhood (HOOD) expanded its tokenized equity offering beyond European users, and Coinbase (COIN) also plans to offer equity tokens. The Depository Trust & Clearing Corporation (DTCC), the backbone of the US securities markets, has begun testing tokenized securities infrastructure, while Nasdaq and the New York Stock Exchange have also started tokenization initiatives.
Kraken parent expands tokenized shares to shares in Hong Kong, UK and South Korea Read More »
The crypto market fell on Wednesday with bitcoin BTC$65,876.03 down about 0.9% since midnight UTC to $65,900 and ether (ETH) down 0.5% to $1,920. The pullback came after the biggest cryptocurrency rose to its highest point in more than a month on Tuesday, with some degree of profit-taking always a likely outcome. A major macroeconomic
The reopening news comes as the North American box office shows signs of stabilizing after years of false starts. Domestic box office sales are on track to total about $5.4 billion this year, up 10 percent from last year and the highest total since 2019, according to Rentrak, a movie data service. The Cinerama Dome,
Sony Revives Cinerama Dome in Los Angeles as Box Office Sales Rebound Read More »
This interconnection has a consequence that allocators tend to underestimate. Diversification does more work in calm markets than in stressed ones. In risk-off regimes, correlations across tokens rise and the protection investors assumed they held fade. Counterintuitively, holding more coins rarely translates into holding less risk. Lasting risk management comes from controlling exposure. Extending the
The crypto question isn’t what you should own – it’s what you can survive holding Read More »
“I don’t have any real political insight, but I expect there is sufficient momentum behind this,” Paul said via WhatsApp. “And I think that as this is now in the remit of HM Treasury, the Bank of England and the Financial Conduct Authority, it doesn’t require much policy intervention to proceed. If anything, I think
Plans for a UK digital gilt instrument, or DIGIT, hinge on a missing piece: onchain cash Read More »
The US Securities and Exchange Commission (SEC) has signaled that one of the fast-growing sectors of decentralized finance may be subject to greater regulatory scrutiny. In a statement Wednesday, Commissioner Hester Peirce said crypto vaults and onchain lending strategies may fall under federal securities laws depending on how they are structured and managed. While many
SEC’s Pierce warns some DeFi boxes that onchain lending may fall under securities laws Read More »
Republican senators met with Trump about it last week. On Monday, the Republicans had reached an agreement. A White House official told CoinDesk on Monday that Trump had “accepted the most comprehensive and far-reaching ethics provision in history.” The legislation would give regulators a year to implement the new ethics restrictions. It is not yet
Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary stock sale, lifting the company’s valuation by 53% in less than a year. The company priced shares at $2,017 each, according to an internal message from CEO Nik Storonsky reported by The Wall Street Journal. The transaction gives employees and other existing
Revolut hits $115 billion valuation in employee stock sale: WSJ Read More »
That shift is already beginning. Robinhood launched AI-powered investment tools in May that let agents trade stocks and make purchases for users. CEO Vlad Tenev has said that AI agents will eventually rival the abilities of human traders, as OpenAI and Anthropic race to build increasingly autonomous systems that can navigate software and complete complex
The next big AI trade could be crypto and blockchain Read More »
