City Protocol, a provider of on-chain structured products infrastructure, has raised $11 million in a combined seed and pre-Series A funding round. The company announced the investment on Wednesday, with participation from Dragonfly Capital, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana. What City Protocol Does City Protocol is developing structured products on blockchain
Thirty-nine state banking associations in the United States have united to establish the BankChain Alliance, a consortium aiming to launch a nationwide, industry-owned blockchain network for banks by 2027. This move marks a significant step in efforts to integrate blockchain technology into the core operational infrastructure of US financial institutions. BankChain Alliance’s Vision and Structure
US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to seven trading days on Tuesday, attracting $314.37 million in net inflows. The streak has brought August inflows to $3.03 billion, leaving the funds $390 million short of October 2025’s total with four trading sessions remaining, according to SoSoValue data. August is on track to
South Korea’s Shinhan Financial Group has signed a strategic agreement with Visa to build stablecoin payment infrastructure while expanding its work into AI-powered payments and business transactions. Shinhan Financial Group said Wednesday that the partnership will initially focus on testing the infrastructure needed to issue, transfer and redeem stablecoins using Visa’s existing stablecoin technology, with
According to a new estimate from U.S. Bitcoin financial services firm River, roughly 825,000 people worldwide hold at least one whole Bitcoin ($BTC). That figure represents approximately 0.01% of the global population, or about one person in every 10,000. How River Derived the Estimate River’s analysis began with approximately 972,000 on-chain addresses containing at least
Swan Bitcoin CEO Cory Klippsten has weighed in on the ongoing debate over Bitcoin’s valuation, arguing that the cryptocurrency is even more sensitive to shifts in demand than gold. In a post on X, Klippsten noted that Bitcoin, like gold, resists traditional valuation methods, making its price heavily dependent on how much wealth investors choose
Coinbase’s stock is on a tear again, and the reason is no secret: Bitcoin just pushed past $80,000. But the more interesting story sitting underneath that rally is how tightly — or loosely — Coinbase shares actually track the world’s largest cryptocurrency. The Coinbase Bitcoin correlation turns out to be real, but far from perfect,
Markus Thielen, founder of 10x Research, has recommended that investors consider a balanced portfolio split evenly between Bitcoin and gold at current price levels. In a recent interview, Thielen explained that AI-related stocks have become significantly harder to value, making a simpler two-asset portfolio more attractive in today’s market. Why Bitcoin and Gold? Thielen’s suggestion
A Bitcoin education nonprofit has placed a full-page advertisement in the print edition of The Wall Street Journal, signaling a push to introduce cryptocurrency to a broader, mainstream audience. The ad, placed by gettingbitcoin.org and operated by The Nakamoto Project, a Wyoming-based U.S. nonprofit, ran in the newspaper’s print edition, according to Bitcoin Magazine. What