Business – Page 83

Small Texas Lender Monet Joining Field of Crypto-Focused Banks

Monet Bank, a small community bank in Texas owned by a billionaire political supporter of President Donald Trump, has entered the field of crypto lenders, billing itself as an “infrastructure bank” focused on digital assets. “Monet is focused on being the leading financial institution for digital assets, providing innovative and forward-looking solutions for the digital […]

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STRF has performed best during the latest rejection

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Strategy’s ( MSTR ) senior perpetual preferred stock, STRF, has increasingly emerged as the company’s most successful credit instrument since launching in March. Trading at $110, STRF is up 36% since issue and is up 20% from its Nov. 21 low of $92. That date also marked bitcoin’s local bottom near $80,000, highlighting the strong

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The index falls 1.5% as almost all components fall

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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2903.22, down 1.5% (-45.1) since 4 PM ET Thursday. One in 20 assets are trading higher. Leaders: BCH (+0.5%) and ETH (-0.4%). Laggards: APT (-5.5%) and ICP (-4.9%). The

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BTC Back to $90,000 as Bounce Fails for now

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Not waiting for what has become its usual Sunday night rush hour, bitcoin BTC$89,361.79 gets an early start to the weekend this holiday season, continuing an overnight decline and slipping back to $90,000 in early US trading. The move reverses much of the rejection from last Sunday night’s panicked plunge that pushed bitcoin all the

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Michael Saylor’s strategy (MSTR) faces headwinds but will benefit when Bitcoin bounces back

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Cantor Fitzgerald’s Brett Knoblauch had caught up on the sharp decline in the price of Strategy ( MSTR ) and lowered his 12-month price target for Strategy ( MSTR ) to $229 from $560, citing a weaker environment for raising capital tied to bitcoin BTC$89,138.90. The new target still suggests nearly 30% upside from the

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European crypto scam network dismantled after laundering $815m

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A sprawling crypto-investment fraud network that stole and laundered more than 700 million euros ($815 million) has been dismantled following coordinated raids across Europe. The criminal group operated a number of fake crypto-trading platforms that promised high returns through clever marketing campaigns, Europol announced on Thursday. Victims, attracted by “sophisticated” ads, were sent to call

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The dollar is crumbling. Fiat-Backed Stablecoins are next

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Stablecoins have had their ups and downs, but it’s clear that they are one of crypto’s biggest success stories so far. While Bitcoin may grab more of the headlines thanks to its constant ups and downs, stablecoins have emerged as the main workhorse of the decentralized financial ecosystem that helps move more than $275 trillion

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Has the DAT bubble already burst? CoinShares says yes in many ways.

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Crypto asset management firm CoinShares ( CS ) said the digital asset treasury (DAT) bubble has largely burst, with some companies trading at 3x to 10x their market net asset value (mNAV) in summer 2025 now back to around 1x or less, in a sharp reset for a trade that once priced as a token

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Terra-Luna founder Do Kwon should serve 12 years in prison for crypto fraud, US prosecutors say

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US federal prosecutors are demanding 12 years in prison for Do Kwon, the founder of Terraform Labs, the company behind the algorithmic stablecoin UST, which imploded spectacularly more than three years ago. The plea, filed Thursday with a judge in the Southern District of New York, comes after Kwon pleaded guilty earlier this year. He

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Measuring the Impact of Trump’s National Security Strategy

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The White House’s newly unveiled national security strategy sounds less like a traditional diplomatic plan and more like a call for global fiscal expansion. For the crypto market, addicted to the idea of rapid interest rate cuts in the US and globally, this appears to be a cold shower no one ordered. The core of

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