Key Takeaways Bitcoin surged above $89,000 after CPI data was released. Bitcoin recovered from $85,300 in early trading, and Ethereum surged 3% to nearly $3,000. Bitcoin broke above $89,000 today following the release of November consumer price index (CPI) data that surprisingly showed US inflation easing According to data from the Bureau of Labor Statistics,
A statistical mirage briefly convinced the crypto market this week that mid-sized whales had purchased roughly $5 billion of Bitcoin. During the past week, social media feeds filled with charts showing that roughly 54,000 Bitcoins are flooding into “shark” wallets, which are addresses holding between 100 and 1,000 coins. As a result, many industry players
PayPal (PYPL) is extending the role of its PYUSD stablecoin into artificial intelligence finance, linking it to onchain funding mechanisms developed by USD.AI, a stablecoin protocol that provides credit to AI companies. Loans issued by USD.AI to finance graphics processing unit (GPUs), data centers and related AI infrastructure will be denominated in PYUSD, with borrowers
Coinbase (COIN) shares rose as much as 4.6% after the company outlined a roadmap that included equity trading, AI-powered tools, tokenization and stablecoin infrastructure in its end-of-year System Update. The stock rose to as high as $255.41 in early trading Thursday and was priced recently at $249.48 after the Wednesday announcement. J.P. Morgan’s Kenneth Worthington
Cathie Wood, the Ark Invest CEO who heralded AI as “the most transformative technology in history” while investing millions of dollars in Sam Altman’s OpenAI, was seemingly duped this week into wishing an AI-generated child happy birthday. Wood has previously denounced claims that AI is a “bubble,” and spent $16.2 million on Tempus AI stock
Investors, policymakers and builders are reassessing how RWA tokenization can scale from isolated pilots to a coherent, global on-chain asset market. Summary Scope, methodology and market context From fragmented pilots to a unified global market Toward a universal interoperability layer Institutional demand and platform evolution Economic implications of on-chain real-world assets Regulatory developments and supervisory
KindlyMD (NAKA), whose share price has undergone a drastic collapse since its SPAC merger with Nakamoto Holdings, has been given the go-ahead by its board for stock buybacks. “This share repurchase program reflects our confidence in the long-term value of the Company and adds an important degree of flexibility to our capital allocation framework,” said
JPMorgan Chase has moved its digital deposit token, JPM Coin, from its internal blockchain to Coinbase’s public Ethereum-based network Base. The move comes six years after JPMorgan first introduced blockchain-based deposit accounts for institutional clients in 2019, using a permissioned version of Ethereum later branded Kinexys. According to JPMorgan executives, the bank has witnessed ballooning
The rise of digital asset treasury (DAT) companies will go down as a meta-narrative of 2025, but the longevity of the movement will be decided by capital management and sound business strategies. According to Solmate CEO Marco Santori, all DATs have to contend with the value of the underlying token they hold on their balance
An API that charges for queries has always been awkward. Subscription tiers and monthly billing break down when autonomous agents make thousands of microtransactions per hour across new services. x402 is Coinbase’s bet that the missing piece is a payment primitive wired directly into HTTP. The mechanism revives HTTP status code 402 “Payment Required.” When