In a dramatic strategic shift, Bridge Biotherapeutics has rebranded itself as Parataxis Korea and is pivoting its core business to focus on digital asset treasury management. This transformation marks a definitive end to the company’s journey as a biotechnology drug developer and signals a new chapter in the volatile world of cryptocurrency and blockchain finance.
T. Rowe Price, a major U.S. investment firm, has set a management fee of 0.75% for its actively managed cryptocurrency exchange-traded fund (ETF), ticker TKNZ. Bloomberg ETF analyst Eric Balchunas confirmed this development on X, marking a significant step in the evolution of digital asset investment products. The fund, which filed an application with the
Nvidia’s (NASDAQ: NVDA) position in the MSCI All Country World Index (ACWI), which tracks roughly 85% of investable global stock markets across large- and mid-cap companies, has climbed all the way back to 4.96%. As a result, the chipmaker now commands a larger share than entire national markets tracked by ACWI, as shown by new
The Bank of Japan (BOJ) set its monetary policy stance on Tuesday with a 6–3 majority vote to uphold the uncollateralized overnight call rate at around 0.75%, a move that comes as financial markets in Japan and digital assets showed signs of short-term weakness. The central bank projected that Japan’s economic growth will decelerate in
The U.S. Federal Reserve is set to announce its April interest rate decision tomorrow. Markets are pricing in a 100% chance that rates stay unchanged at 3.5%–3.75%, making the actual decision almost a formality. But the biggest catalyst is tomorrow’s Jerome Powell’s last speech and every word will carry extra weight. Fed Likely to Hold
Stablecoins have “quietly become core financial plumbing” and pushed on‑chain finance past a “point of no return,” according to a new a16z crypto framework that recasts programmable dollars as the base layer for a multi‑chain, banking‑as‑a‑service stack and a coming wave of on‑chain credit. Stablecoins have quietly become core financial plumbing and pushed on-chain finance
Galaxy Digital will post Q1 results before opening hours on Tuesday. The investment company will give a lagging indicator of the overall crypto market performance. Galaxy Digital (Nasdaq: GLXY) is expected to post weakened results in Q1, with negative earnings per share. Q1 was a challenging period for crypto markets, with multiple indicators softening further.
A second corporate accumulator of cryptocurrency is starting to look a lot like the first. Bitmine Immersion Technologies (BMNR), the treasury firm chaired by Fundstrat’s Tom Lee, bought 101,901 ether ($ETH) worth roughly $234 million last week. That’s close to the regular weekly purchases from Strategy (MSTR), the Michael Saylor-led bitcoin digital treasury company, as
Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold. In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain. Source: LinkedIn According