Global stocks, Bitcoin, oil, and precious metals all climbed on Thursday as traders braced for the high-stakes Friday summit between U.S. President Donald Trump and Russian President Vladimir Putin. The two leaders are set to meet face-to-face in Alaska, aiming to talk about what it might take to end the war in Ukraine, which has
Mike Novogratz’s Galaxy Digital closed a $1.4 billion secured term loan facility to accelerate the development of its Helios artificial intelligence datacenter campus in Texas. On Friday, the company announced that the loan will cover roughly 80% of the construction costs for the first phase of the project, with Galaxy Digital contributing $350 million in
Timezone differences and banking hours often push payments in Asia to the next day. Summary Huma, Arf, and Geoswift to provide same-day settlement for merchants in Asia Sellers on global e-commerce often have to wait a full business day to receive payouts PayFi Network bypasses traditional banking bottlenecks Traditional banking creates significant payment bottlenecks, especially
Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital. The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem. The round also drew investments from
Tech entrepreneur, CEO of Tesla and xAI, Elon Musk, has announced an important upcoming update of xAI’s Grok AI chatbot. However, while doing so, he cited his own popular tweet published four years ago, in 2021. Back then, this tweet became one of those Twitter posts that some analysts wanted to sue Musk for, alleging
Circle (CRCL) plans to offer 10 million shares in a secondary stock sale priced at $130 per share, more than four times to price of its initial public offering in June. The stablecoin issuer behind the USDC token is itself offering 2 million shares of Class A common stock, it said in a Tuesday filing
South Korean retail investors have reportedly ditched U.S.-listed big tech stocks like Alphabet and Tesla and have bought $259M worth of Peter Thiel-backed BitMine shares since early July. Korea Securities Depository claimed BitMine shares were the most popular foreign stock in the country. South Korean retail investors, who are reportedly drawn to high-risk, high-reward crypto
In a recent social media post, prominent financial commentator Peter Schiff predicted that tokenized gold will end up eating Bitcoin’s lunch. The same applies to U.S. dollar-backed stablecoins since he is convinced that no one will actually need such products when there is a coin that represents real gold. Treasury model backed by tokenized gold
The firm is fresh off a massively successful initial public offering in June and is riding the coattails of a pro-crypto Congress. Stablecoin Giant Circle Rakes in $658M in Revenue Circle (NYSE: CRCL), the world’s second largest stablecoin issuer, is having a stellar year so far, exceeding revenue expectations in its debut quarterly earnings report
Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation. Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.” Chatterjee works within Citigroup’s services