In brief Bitcoin treasury firm Strategy bought 250 $BTC for $21.5 million last week, at an average price of $86,194 per coin, bringing its holdings to 848,250 $BTC. The company also repurchased 1.93 million shares of its STRC preferred stock for $192.4 million. Strategy funded the Bitcoin purchase mainly by selling $21 million of MSTR
Bitfinex Securities has opened capital raises for two tokenized funds from CMCC Global, adding dollar and Bitcoin denominated investment strategies to its securities platform. The offerings cover Crest Fund and the Liberty Bitcoin Accumulation Fund, or LBAF, according to a press release shared with Crypto Briefing. Both funds are being tokenized using Hadron by Tether.
Franklin Templeton met with the Crypto Task Force of the US Securities and Exchange Commission (SEC). The $1.8 trillion AUM financial services giant seeks clarity over how the agency’s innovation exemption applies to tokenized money market funds, tokenized National Market System (NMS) ETFs, and tokenized funds on liquidity pools. Know when yourcoins moveAlerts, real-time prices,
Robinhood CEO Vladimir Tenev has sold every share of his Class A stock to zero — the sixth time this year. However, he doesn’t receive regular awards of new Class A stock as executive compensation. How’s this possible? A post from October 8, which earned over 200,000 views, framed his latest sell-out as a founder
Bitcoin ($BTC) starts the third week of October by defending support at $82,500 ahead of key US inflation data. Key points: US CPI print on Wednesday and PPI data on Thursday provides the week’s major risk-asset volatility catalyst, with markets seeing CPI at 3.7% year-on-year. Oil prices react to the US plan to buy Russian
The newly listed shares of $XRP-focused treasury company Evernorth Holdings (XRPN) jumped as much as 5% on their Monday Nasdaq stock exchange debut, according to Yahoo Finance data. Earlier on Monday, the company named former Coinbase Asset Management Co-Chief Investment Officer Hugo Jeandesboz as its new chief investment officer. He will lead treasury strategy, including
Evernorth Holdings, Ripple-backed $XRP treasury, has appointed Hugo Jeandesboz as Chief Investment Officer. The announcement came Monday as the firm positions to debut on Nasdaq under the XRPN stock ticker. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based on 40K reviews in the App Store and Google
Palantir (PLTR) head of U.K. and Europe Louis Mosley warned that the region is making the same mistake with artificial intelligence (AI) that it made with the internet. Where the U.S. “got the internet right,” built a score of businesses and became the backbone of the digital economy, Europe “missed the boat,” Mosley told CoinDesk
Natural disasters caused $220 billion in economic losses last year. Insurance covered only $107 billion of that bill, according to Swiss Re, leaving households, businesses and governments to absorb the rest. Capital has continued to flow into catastrophe bonds. Catastrophe bonds, or cat bonds, let insurers pass the financial risk of a hurricane, wildfire or
The next test for tokenization may not be whether assets can be issued on a blockchain, but whether they can be relied on when markets turn volatile. Tokenized assets need reliable settlement, enforceable ownership rights and practical collateral use before institutions can adopt them at scale, according to Edwin Mata, CEO and co-founder of Brickken.