A new study found 51% of U.S. crypto wallet users are systematically replacing legacy banks with digital assets for everyday financial tasks. Key Takeaways: An Oobit survey shows 51% of U.S. wallet users favor crypto over banks for daily financial tasks. Traditional firms are losing everyday transaction volume to decentralized P2P and wallet options. Legacy
7RCC Global has launched trading of BTCK, an exchange-traded fund that allocates 80% to Bitcoin and 20% to regulated carbon credit futures, bringing one of the crypto industry’s earliest ESG-focused ETF concepts to the public market. According to a press release shared with crypto.news, the 7RCC Spot Bitcoin and Carbon Credit Futures ETF began trading
Arjun Sethi, co-CEO of the cryptocurrency exchange Kraken, has agreed to acquire Wyoming-based Summit National Bank for $5.5 million, according to a report published by Bank Reg Blog on X. The transaction is tied to the bank’s parent company, which is currently navigating bankruptcy proceedings. The acquisition remains subject to approval by a bankruptcy court.
According to recent reports, Apple plans to power its new Siri on NVIDIA Blackwell chips through Google Cloud starting in September, just days after NVIDIA launched its most powerful AI model yet. We break down the potential alliance, NVIDIA’s freshly unveiled Nemotron 3 Ultra, and what this could mean for the broader AI race. Why
US-based AI firm Anthropic warns AI development is advancing at a pace that could soon see agents building, training and improving themselves without human input — recommending a slowdown in development. In a blog post published Thursday, Marina Favaro, lead at the Anthropic Institute, and Anthropic co-founder Jack Clark said agents can already run code
Lorenzo Valente, Director of Digital Asset Research at ARK Invest, argued that many protocols in the cryptocurrency market are being overlooked by investors and that the next big wave of opportunity could come from these “neglected” assets. Valente, in his assessment, noted that despite numerous crypto projects falling by 70% to 90% from their peak
Ray Dalio just laid out five hard truths about how markets really work. For crypto-only investors, one of them reads like a warning. The billionaire built one of the world’s largest hedge funds. He posted the lessons in a note after decades of global macro investing. The Five Hard Truths Dalio argues that most people
Fidelity slashed its SpaceX IPO entry requirement from as much as $500,000 to just $2,000, opening the year’s biggest stock debut to millions of retail investors. Five brokerage flipping rules now decide who keeps that access. The move follows SpaceX reserving up to 30% of its offering for retail clients, well above the small share
Investors in Blackstone’s flagship private credit fund asked for their money back this quarter. Half of them won’t get it. The $79 billion Blackstone Private Credit Fund (BCRED) told shareholders on Thursday that withdrawal requests hit 10% of its outstanding shares but the fund will honor just 5%. It is the first time BCRED has