Private companies are gradually moving past the early stages of experimenting with artificial intelligence, with many larger firms now beginning to report measurable returns from their investments. According to a new survey by Deloitte, nearly two-thirds (64%) of private companies with an annual revenue of $500 million or more have achieved moderate to significant return
In a significant development for the digital asset sector, the crypto derivatives exchange Liquid has secured $18 million in a Series A funding round. This investment marks a major milestone for the platform, which specializes in offering futures and options trading for cryptocurrencies. The funding round was led by prominent venture capital firms Neo and
Galaxy Digital (GLXY) narrowed its first-quarter loss as a shift in business mix and tighter financial management outweighed a decline in cryptocurrency prices. The company lost $216 million, or 49 cents a share, less than the 59 cents estimated by analysts. Revenue dropped to $10.2 billion from $12.9 billion in the year-earlier quarter. The company
Warren Buffett used his first sit-down interview since stepping down as Berkshire Hathaway CEO to bundle prediction markets, legalized sports betting, and day trading into a single critique, calling state-sponsored gambling a “tax on stupidity” that quietly subsidizes wealthy Americans – a take which is now receiving renewed attention on social media, having been originally
Paxos Labs has integrated its Amplify platform with Toku to let employees earn yield on stablecoin salaries as soon as they are paid, without moving funds off-platform or giving up custody. The feature applies to balances held in Toku wallets, allowing users to opt in and earn yield on $USDC ($USDC), USDt (USDT) and $USDG
Stablecoin monthly transfer volume fell by nearly 20% over the past 30 days, even as the market’s total supply and holder count continued to rise. According to data from RWA.xyz, 30-day stablecoin transfer volume dropped 19.18% to $8.31 trillion as of April 28, while stablecoin market capitalization rose 2.06% to $305.29 billion over the same
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 2071.97, down 0.4% (-9.25) since 4 p.m. ET on Friday. Eight of 20 assets are trading higher. Leaders: APT (+1.3%) and AAVE (+0.6%). Laggards: XLM (-1.7%) and HBAR (-0.9%).
Riot Platforms (RIOT), a leading Bitcoin mining company, has amended its Bitcoin-backed loan agreement with Coinbase, transitioning from a variable interest rate tied to the federal funds rate to a fixed rate. This strategic move aims to shield the company from the financial uncertainties of interest rate fluctuations, a growing concern in the current macroeconomic
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