Bitcoin experienced an extreme bout of volatility on December 17, surging more than $3,000 in under an hour before reversing sharply and falling back toward $86,000. The violent swing did not follow any major news. Instead, market data shows the move was driven by leverage, positioning, and fragile liquidity conditions. A Short Squeeze Pushed Bitcoin
Ava Labs is entering 2025 with a long-term strategy focused on purpose-built blockchains rather than short-term market trends, according to the company’s chief business officer. Summary John Nahas of Ava Labs emphasized Avalanche’s focus on sovereign, use-case-specific layer-1 blockchains rather than a single network for all activity. Toyota, FIFA, and SMBC are building independent Avalanche
Moody’s Ratings is diving into the $300 billion stablecoin market with a new rating system. Summary Moody’s is proposing a new system to rate stablecoins based on reserve quality, market value risk, and operational safeguards. The firm aims to provide investors with a clearer picture of redemption reliability. Ratings would be determined by the “weakest
Key Highlights The U.S. Federal Reserve has withdrawn its 2023 guidance that effectively blocked uninsured banks from becoming Fed members and engaging in crypto. This announcement comes after recent developments, like the FDIC and OCC withdrawing earlier joint statements that had warned banks about the danger of cryptocurrency. This development will boost the integration of
Kontigo is gaining traction by promoting a stablecoin-first banking model as a global alternative to traditional financial services. At the same time, its rapid rise has prompted skepticism within the crypto community. The model has raised questions over whether it can scale sustainably without repeating the missteps that have defined past industry failures. Kontigo’s Rapid
This week marked a momentous one in the blockchain space, as City Protocol announced a strategic partnership with Cwallet, one of the largest global cryptocurrency wallets with more than 37 million active users. This alliance represents a major development for City Protocol as it seeks to create accessible Web3 markets for intellectual property by providing
Scor Protocol, a Web3 fan engagement platform powering games and digital experiences that connect fans with sports, today announced its platform’s expansion to Mantle Network, a Layer-2 scaling solution for Ethereum. This expansion has led to the integration of Scor Protocol’s Sports and Web3 platform with Mantle Network’s Layer-2 scaling solution. Powered by its native
Famed investor Cathie Wood continues to see long-term potential in CoreWeave Inc. (NASDAQ: CRWV) even though the AI infrastructure firm has been cut in half over the past six months. The founder and chief executive of Ark Investment Management bought another 136,000 CRWV shares this week, split across two of her flagship exchange-traded funds (ETFs).
IREN stock price has slumped by over 55% from its highest point this year amid elevated jitters on the artificial intelligence bubble. Summary IREN shares have plunged by 55% from the year-to-date high. It has dropped to its lowest level since September this year. There are concerns about the ongoing AI bubble. After soaring to