Publicly traded electric vehicle charging firm Jiuzi Holdings is adopting a crypto investment policy, after its board of directors authorized the firm to deploy up to $1 billion into acquiring and holding Bitcoin, Ethereum, and BNB. Shares of JZXN jumped as high as $2.38 on the news, a 47% spike above its Tuesday closing price,
Bitcoin (BTC) fell to $111,000 with the crash on Monday, but rose to $113,000 today. But with neither bulls nor bears able to establish a clear trend, investors are wondering if another decline is imminent as the historic bullish month of October approaches. At this point, market participants are predicting a new drop in the
Binance co-founder Changpeng “CZ” Zhao has refuted a report by the Financial Times which said YZi Labs could be opened up to external investors. Zhao said the Tuesday report was “false news…with with fake/wrong/made-up info and negative narrative,” in a post on X. “As far as I know…YZi Labs is not raising an external fund,”
The treasury strategy targeting Bitcoin, Ethereum, and altcoins continues at a rapid pace. Major companies from around the world are making large purchases of various altcoins, including XRP, Solana, and BNB, in addition to BTC and ETH, with the latest news coming from China. Nasdaq-listed Chinese electric vehicle charging infrastructure company Jiuzi Holdings made a
The price of BTC$113,563.42 remains stuck in the mud and corporate bitcoin treasury firms have gone through a full boom-and-bust cycle in a matter of weeks, but the BTC miners have been in major bull mode thanks to artificial intelligence and high-performance computing as a new growth driver. The action continued on Wednesday, with the
Franklin Templeton’s tokenization platform is expanding to BNB Chain, bringing one of the world’s largest asset managers to the Binance-created blockchain. The asset manager, which has $1.6 trillion in assets under management, said the move would allow Franklin Templeton to use BNB Chain’s “low-cost, compliance ready” infrastructure, while expanding the availability of its products, according
FED Chairman Jerome Powell spoke last night for the first time since the interest rate decision was announced last week. However, Powell did not give a clear indication of interest rate decisions in the coming months. While this situation increases uncertainty, US Treasury Secretary Scott Bessent evaluated Jerome Powell’s statement yesterday. Powell Surprised! Speaking on
The derivatives market absorbed a week of falling Bitcoin price without the kind of leverage reduction that usually marks stress. Futures open interest in BTC terms edged higher, notional tracked the 3.36% slide in spot, and options interest grew for two straight days into the decline. The setup looks more like repricing and hedging than
The leading coin, Bitcoin, has managed to post a modest 0.28% gain over the past 24 hours, a slight move against the backdrop of a broader market dip and fading bullish sentiment. While the price action looks subdued, key on-chain metrics suggest that demand is quietly building beneath the surface, laying the foundation for stronger
Key Takeaways DeFi Development Corp. authorized a $100 million share repurchase program. The buyback may be funded by capital raised through convertible notes. DeFi Development Corp., a firm focused on crypto asset acquisitions, today announced a $100 million share repurchase authorization. The company has been actively raising capital through convertible notes to acquire Solana and