Electronic trading company Tradeweb has led a $31 million Series B funding round in institutional crypto trading platform Crossover Markets, valuing the company at $200 million. The round included participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, Illuminate Financial and XTX Markets. According to Wednesday’s announcement, the deal also includes a strategic partnership
Tom Lee, head of Ethereum treasury company BitMine and co-founder of Fundstrat, said in an interview with CNBC that a bottoming out process may have begun in the markets. Lee stated that despite recent geopolitical risks and macroeconomic uncertainties, markets have performed stronger than expected. Lee stated that while no one wants the US to
The Federal Reserve has released its Beige Book report, which offers important insights into the economic outlook. According to the report, economic expectations across the US remain largely optimistic, with moderate to moderate growth projected for most regions in the coming months. According to the Fed’s report, which uses data collected up to February 23,
Another notable acquisition has taken place in the cryptocurrency sector. A prediction market platform… PredictFun announced the strategic acquisition of the on-chain prediction platform Probable. While the financial details of the deal were not disclosed, Binance founder Changpeng Zhao (CZ), a leading figure in the industry, also shared a message of support regarding the development.
Key takeaways The evolution of crypto interest shifts from financial gain to technological potential. Crypto plays a crucial role in enabling AI agent payments infrastructure. AI significantly enhances coding efficiency and is more reliable than often perceived. Open claws have the potential to operate businesses autonomously. Building a business on token speculation is not sustainable.
Key takeaways Geopolitical tensions in the Middle East are affecting oil prices, impacting industries reliant on oil. The volatility index rising while markets remain flat suggests a bullish outlook. Bitcoin shows resilience, indicating a potential market bottoming. Liquidity returning to markets is crucial for risk assets like Bitcoin. The strategic importance of the Strait of
CoreWeave (CRWV) saw its shares surge nearly 6% in premarket trading on Wednesday after announcing a multi-year agreement to support inference operations for Perplexity, an emerging AI-driven search engine backed by Jeff Bezos and Nvidia. As part of the deal, CoreWeave will become a key backend cloud partner for Perplexity AI. The company will run
Welcome to our institutional newsletter, Crypto Long & Short. This week: Martin Gaspar on how bitcoin looks to overcome quantum fears, echoing past climate backlash Top headlines institutions should pay attention to by Francisco Rodrigues Aave’s revenue multiples hit 2024 lows despite higher prices in Chart of the Week Thanks for joining us! -Alexandra Levis