In a significant move underscoring institutional confidence in regulated digital asset custody, Tether partner Antalpha has deposited 1,700 XAUT, valued at approximately $8.46 million, into the Singapore-based custody firm Cobo. This transaction, identified by blockchain analytics platform Onchain Lens, highlights the growing trend of major financial entities utilizing specialized custodians for gold-backed digital assets. The
Stablecoins are gaining traction in high-cost cross-border payment corridors in emerging markets as they reduce some of the inefficiencies of legacy foreign exchange (FX) infrastructure, according to research firm Delphi Digital. Stablecoins are emerging as the cheapest alternative to move US dollars in emerging economies due to the high costs of legacy FX corridors, which
Nvidia (NASDAQ: NVDA) is paying its first dividend of 2026 next month, on April 1. Based on the current estimates, the American semiconductor leader will distribute $0.01 per share to investors as of March 11. How much will 100 NVDA shares receive in dividends next month? Investors holding 100 NVDA shares will thus receive $1
Gold prices have wavered amid the ongoing U.S.-Israeli war with Iran, but tokenization platform Theo indicated on Tuesday that experimentation with the precious metal continues apace. The firm has raised $100 million to offer thUSD, a “gold-powered stablecoin,” according to a press release. Although most stablecoins are backed by cash and U.S. Treasuries, Theo said
Robinhood’s (HOOD) newly launched venture fund has added stakes in Stripe and ElevenLabs, marking its first disclosed investments since beginning trading earlier this month. Robinhood Ventures Fund I (RVI), a closed-end fund designed to give retail investors exposure to private companies, said it purchased roughly $14.6 million in Stripe shares and $20 million in ElevenLabs
Despite the ongoing conflict between the US and Iran, Bitcoin ($BTC) and altcoins are having a strong week. Bitcoin has climbed above $75,000 for the first time in weeks, while altcoins are also experiencing double-digit gains. However, the critical week of the FED interest rate decision has arrived. In the Bitcoin ($BTC) and cryptocurrency market,
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2148.63, down 0.9% (-20.59) since 4 p.m. ET on Monday. One of 20 assets are trading higher. Leaders: NEAR (+0.4%) and CRO (+0.0%). Laggards: UNI (-4.1%) and SUI (-4.0%).
What if your office has a Monkey King on your team? That’s the idea behind Alibaba’s Wukong AI agent platform, named for Sun Wukong, the mischievous and clever hero of Journey to the West. Launched today, Wukong is an enterprise-focused AI tool designed to coordinate multiple AI agents through a unified interface. According to Alibaba,
Mastercard announced Tuesday an agreement to buy BVNK, a stablecoin infrastructure company, for up to $1.8 billion, including $300 million in contingent payments. The deal expands Mastercard’s end-to-end support of digital assets and value movement across currencies, rails and regions. U.K.-based BVNK describes itself as the stablecoin-powered financial stack for enterprises, which moves money in
S&P 500 financial stocks are off to a bad start on Tuesday, March 17, forming the first Death Cross since October 2023. What that means is that the stocks’ short-term moving average (MA) has crossed below its long-term trend line, which signals weakening momentum and growing downside risk. While Death Crosses are often viewed as