As you know, in February the US Supreme Court overturned President Donald Trump’s tariffs. However, Donald Trump strongly opposed this decision, and shortly afterward signed an order raising tariffs to 15%. In his statements, Trump argued that the US Supreme Court’s decision regarding tariffs could pave the way for large sums of money to be
Crypto giant Tether, through its venture arm, has made a strategic investment in Eight Sleep at a $1.5 billion valuation to accelerate AI-driven health technology, according to a Wednesday announcement. The deal aims to establish a long-term partnership between the two firms, with Eight Sleep planning to integrate Tether’s QVAC architecture into its products. QVAC
Tether, the crypto firm behind the most popular stablecoin $USDT $USDT$0.9999, has invested $50 million in sleep technology startup Eight Sleep at a $1.5 billion valuation, according to a Wednesday press release and data from Crunchbase. With the funding, Eight Sleep plans to develop new AI health features using Tether’s QVAC architecture, a computing framework
Stablecoin firm KAST has hired Brad Jaffe as its chief communications officer, the company said Wednesday. Jaffe previously led global communications at cryptocurrency exchange Binance for more than three years. Jaffe handled strategic communications at Binance during a period at the exchange which saw tumultuous regulatory challenges against a backdrop of rapid growth. At KAST
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 2029.47, up 3.9% (+76.88) since 4 p.m. ET on Tuesday. Eighteen of 20 assets are trading higher. Leaders: SOL (+5.6%) and AAVE (+5.0%). Laggards: NEAR (-2.4%) and DOT (-0.4%).
According to the Wall Street Journal, the cryptocurrency exchange Kraken has received approval for its ‘master account’ with the US Federal Reserve. Accordingly, Kraken, the second-largest cryptocurrency exchange in the US, achieved something no other cryptocurrency company had ever done before: gaining access to the FED. At this point, Kraken became the first cryptocurrency company
Leo KoGuan, the founder of global IT solutions firm SHI International and one of Tesla’s largest individual shareholders, disclosed today that he acquired one million shares of Nvidia on Tuesday. I was all-in-Tesla; I am still mostly in Tesla + T-bills I bought 1 million shares of NVDA last night; plan to buy more. I
$ARK Invest, Cathie Wood’s investment firm focused on disruptive technology sectors, acquired 158,587 shares of Robinhood (HOOD) on Tuesday ahead of the brokerage’s “Take Flight” event scheduled to take place tomorrow at 7:30 PM ET. Apart from HOOD, $ARK Invest also accumulated shares of Coinbase, CoreWeave, Tesla, and Alibaba. Take Flight is Robinhood’s flagship event,
Kraken is the first crypto firm in the US to gain a master account at the Fed for professional and corporate clients. Kraken has secured access to the Federal Reserve’s core payment systems through a master account for its banking arm, Kraken Financial, allowing it to move money on the same infrastructure used by traditional