Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer. Bakkt CEO Akshay Naheta said on Thursday that the deal aims to combine Bakkt’s institutional infrastructure with DTR’s native artificial intelligence payments engine and stablecoin
Strategy (MSTR), the largest publicly traded bitcoin holder, has maintained an 11.5% dividend rate for May on its perpetual preferred stock, Stretch (STRC), marking a third consecutive month at that dividend rate. The volume weighted average price (VWAP) during April came in at $99.76, which was close enough to its $100 par value to justify
Cryptocurrency analytics company CryptoQuant has pointed to a noteworthy development in the markets with its recently published data. According to the company’s analysis, stablecoin reserves on Binance have decreased by approximately $1.5 billion. This decline signals that investors may be engaging in profit-taking, particularly following the recent market rally. According to the data, $USDT reserves
The U.S. economy picked up speed at the start of 2026, but the war in Iran is casting a long shadow over what comes next. The Commerce Department said Thursday that gross domestic product grew at a 2% annual rate from January through March, bouncing back from a weak 0.5% expansion in the final three
Elon Musk called most crypto projects scams while testifying in Oakland this week, pulling Bitcoin, Dogecoin, and an old OpenAI token plan into his court fight with Sam Altman. Inside the courtroom, Elon was asked about OpenAI’s short-lived 2018 plan to raise funds through an initial coin offering, or ICO. He said, “Some of them
Crypto markets staged a modest intraday recovery on Thursday as traders digested a Big Tech earnings night that delivered roughly $650 billion in combined 2026 AI capex commitments and the most contested FOMC vote since 1992. Bitcoin is changing hands at $76,420, up 1.2% on the day but still down 1.8% on the week, according
Japan intervened in the foreign-exchange market to support the yen, sending the currency up as much as 3% intraday, according to traders and local media. The yen strengthened to 155.57 per dollar, its strongest level since late February, before weakening to around 156.80 in New York trading. The move followed official warnings against excessive currency
On March 10, 2021, Strategy (formerly MicroStrategy) founder Michael Saylor encouraged investors to use leverage and even mortgage their homes to buy bitcoin ($BTC). Five years later, the company’s CEO Phong Le is talking about mortgages again, but this time in relation to buying Stretch (STRC) instead of $BTC. Le talked about STRC, a stock
Robinhood’s (HOOD) nearly 12% drop since its big earnings miss is being waived off by some big investors and Wall Street analysts. The popular trading platform missed its first-quarter earnings and revenue estimates on April 28, mainly due to weaker crypto trading activities. The market punished the stock on the miss, but Cathie Wood’s Ark