WTW, a global insurance broker and risk advisory company, has acquired crypto insurance platform Redefind and launched a digital asset protection service that covers expenses related to forensic investigations, asset tracing and legal recovery efforts following theft or loss. Redefind is a crypto insurance platform that allows individuals and institutions to purchase coverage for digital
Bitcoin fell into the mid-$67,000s on Tuesday, dragging the entire ecosystem of crypto-linked equities with it. Bitcoin shed more than 11% over the past week, crashing below $67,000 for the first time since early April, according to Bitcoin Magazine Pro data. The drop hit crypto treasury stocks with full force. Strategy (NASDAQ: MSTR) tumbled 9.15%
Ethereum co-founder Vitalik Buterin has reposted an earlier proposal he made to ditch the U.S. dollar as the default reference point for stablecoins. He suggests that users hold personalized baskets of prediction market shares tied to their own spending patterns instead. The proposal by Vitalik follows a trend where more countries are choosing to conduct
Galaxy Digital (GLXY) said Tuesday it had launched over-the-counter (OTC) prediction markets trading for institutional investors, becoming one of the first major digital asset firms to offer large-scale access to event-driven markets through a bilateral trading framework. The Nasdaq-listed company said that the new service, offered through its global markets trading desk, will allow hedge
SBI Holdings CEO Yoshitaka Kitao confirms plans to invest up to $1.25 billion in the Ripple IPO, predicting a possible timeline for the firm to go public. He shared this during SBI’s latest Information Meeting, where he explained how the company plans to spread its investments over time. According to Kitao, Ripple could eventually go
Coinbase has invested in ProShares’ $GENIUS Money Market ETF, known as IQMM, a money market ETF designed to be eligible for stablecoin reserves under the $GENIUS Act. The investment expands Coinbase’s stablecoin strategy beyond payments, distribution, and developer tools into reserve management, one of the less visible but critical layers needed for stablecoin adoption. The
Anthropic has confidentially submitted a draft registration statement to the US Securities and Exchange Commission for a proposed initial public offering, putting the Claude maker ahead of OpenAI in the race to bring a major frontier AI lab to public markets. The filing gives Anthropic the option to go public after the SEC completes its
Crypto’s lackluster price action is not being driven by any internal crisis, but rather by a straightforward rotation of capital into US stocks. That is the conclusion of the original report from Binance Research, the institutional research arm of the Binance ecosystem. According to the analysis, traditional equity markets are siphoning liquidity from crypto at
Top U.S. cryptocurrency exchange Coinbase said Tuesday it is investing in ProShares’ stablecoin reserves ETF. The fund, called the $GENIUS Money Market ETF, has $22 billion in assets under management and is structured to hold assets that meet the legal reserve requirements for dollar-backed stablecoins in the U.S. “In addition to offering a full-stack stablecoin
A recent report published by the European Central Bank today has stated that central banks globally now hold more gold than US government bonds and treasuries in their reserves for the very first time. Geopolitical tensions, concerns over a risk of sanctions, and a growing desire among some countries to lessen their exposure to dollar-denominated