In brief Bitcoin jumped to a three-month high Wednesday, on reports that the U.S. is nearing an agreement to end the war in Iran. The reported one-page U.S.-Iran memo would lift sanctions, end nuclear enrichment, and reopen the Strait of Hormuz within 30 days. Users on prediction market Myriad assign an 87% chance that Bitcoin
Strategy (NASDAQ: MSTR), formerly MicroStrategy, reported a $12.54 billion quarterly unrealized Fair Market Value (FMV) loss, yet its stock rose on May 6 as Bitcoin ($BTC) rebounded above $80,000. The market response supports the idea that investors are prioritizing the firm’s characteristic focus on acquiring ‘digital gold’ over traditional earnings metrics. However, while the company
Executives from Intercontinental Exchange (ICE), OKX and Securitize warned that synthetic tokenized stocks are creating market and retail risks, as ICE moves ahead with a regulated platform for tokenized U.S. equities. Michael Blaugrund, who works on strategic initiatives at ICE, the owner of the New York Stock Exchange (NYSE), said during a panel at Consensus
The leading cryptocurrency, Bitcoin ($BTC), had a great start to the new week and continues this trend. Today, $BTC rose above $82,000 following news that the US-Iran war might end. This situation has led to discussions of higher figures for $BTC, with Glassnode pointing to $92,000 for the Bitcoin price. Bitcoin could target $92,000 as
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 2210.86, up 2.5% (+53.36) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: NEAR (+16.0%) and ICP (+10.4%). Laggards: BTC (+0.9%) and ETH (+1.5%). The
Stablecoin infrastructure platform OpenTrade closed a $17 million funding round Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing its total funding to more than $30 million. The London-based company said the funding will be used to expand its permissioned and permissionless infrastructure and support plans
Bitcoin climbed past $82,800 this morning as signs of de-escalation between the US and Iran boosted risk appetite, putting the asset within reach of $83,000. The rally came after President Donald Trump said the US will temporarily halt its Strait of Hormuz escort mission, known as Project Freedom operation, following reported progress in negotiations with
Bullish (BLSH) shares surged more than 11% following the company’s $4.2 billion agreement to acquire transfer agent Equiniti, with the stock climbing another 1.5% in pre-market trading Wednesday as analysts framed the deal as a transformational move beyond crypto trading. The acquisition gives Bullish, the crypto platform led by former NYSE president Tom Farley (also
Cottonia, a popular decentralized AI platform, has partnered with XDGAI, a renowned decentralized entity for Web4 infrastructure. The partnership attempts to utilize federated learning and preserve data privacy while also enabling a joint model training project across distributed ecosystems. 💥New Partnership💥@CottoniaAI 🤝 @xdgainet 🤖#XDGAI is a next-gen decentralized AI platform combining blockchain, federated learning &
UXLINK and REI Network have announced a strategic partnership in the rapidly evolving landscape of decentralized technology bridging the gap between the complex protocols of blockchains and their end-users. The partnership will link UXLINK’s Social Growth Layer will be attached to REI’s zero-fee Layer-1 infrastructure of high performance that is EVM compatible. It aims to