Bitcoin ($BTC) rebounded toward $81,000 around Thursday’s Wall Street open as Nvidia earnings boosted US stocks. Key points: Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to crypto and US equities. Expectations are running high ahead of Fed chair Kevin Warsh’s keynote speech at the Jackson Hole economic symposium on Friday. Bitcoin
Shares of Strive, the asset management firm known for its strategic Bitcoin acquisition approach, have climbed above $24, marking a 110% gain over the past month. The stock added roughly 12% during the latest trading session, reflecting renewed investor enthusiasm for companies with direct cryptocurrency exposure. What’s Driving the Rally? The surge comes as Strive
Bitcoin’s August rally has revived some of the mining sector’s most beaten-down stocks, reversing a trend that has favored miners pivoting toward artificial intelligence and high-performance computing and suggesting investors may once again be rewarding direct exposure to Bitcoin. In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that Bitcoin’s ($BTC) roughly 23% rally over
Ripple is expanding its institutional trading business into U.S. equities through a new Delta One offering on its Ripple Prime platform. The company said Thursday that Ripple Prime’s Delta One business is now live. Institutional clients have gained the ability to trade total return swaps tied to the U.S.-listed stocks, equity indices and digital assets.
Leading asset management firm BlackRock has consistently topped up its Bitcoin holdings in recent days, following the major price breakout the broader crypto market saw last week. Although the rapid surge in the price of Bitcoin has slowed, its bullish momentum still remains intact as both retail and institutional traders continue to show interest. Bitcoin
RQD* Clearing, a U.S. firm that handles the plumbing behind stock and options trading, has raised $74 million as it looks to expand into digital assets and prepare its infrastructure for a financial market increasingly moving onchain. Bain Capital Tech Opportunities, the tech-focused arm of private investment firm Bain Capital, led the minority investment, with
Payment channels similar to Bitcoin (BTC) Lightning are coming to Cardano (ADA) by means of a new state channel architecture dubbed Cardano Lightning. Currently in pre-production deployment, the system was presented in detail during an August 24 Cardano Community livestream featuring PolyCrypto software engineer Ilja von Hoessle. At its core, Cardano Lightning consists of bidirectional
Bitcoin has rallied approximately 40% from its July low near $57,800, renewing expectations that the cryptocurrency may have established a market bottom after several months of consolidation. $BTC was trading near $80,200 on Aug. 27. However, the recovery has brought the cryptocurrency back into a major resistance zone that previously preceded a sharp sell-off. Technical
Ripple Prime, Ripple’s multi-asset prime brokerage business, launched a Delta One service for institutional investors, expanding into US equity derivatives. The offering allows clients to execute total return swaps linked to US-listed equities, indexes and digital assets, Ripple said in a Thursday announcement. Total return swaps provide exposure to an asset’s returns without requiring ownership
Bitcoin’s BTC$79,047.24 surge over the past ten days came after Scott Bessent and his Treasury Department took steps to cap or lower long-term interest rates. The Federal Reserve, though, may have the final say on whether the rally holds or crypto markets give back their recent gains. The Kansas City Fed’s annual Jackson Hole symposium