Mike Novogratz’s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets. In a recent research report, “The Investable Universe 2.0,” the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation, and as
S&P Dow Jones Indices will unveil a new index tracking cryptocurrencies and companies in the digital asset space, the company announced on Tuesday. The S&P Digital Markets 50 Index will track 35 companies involved in the crypto space—including infrastructure providers, financial services, blockchain applications—and also 15 cryptocurrencies selected from the S&P Cryptocurrency Broad Digital Market
Grass (GRASS), the Decentralized Physical Infrastructure Network (DePIN) project operating within the Solana ecosystem, raised $10 million in a bridge investment round led by Polychain Capital and Tribe Capital. The investment primarily consisted of token purchases. Grass has previously closed both a seed and Series A funding round. The project aims to allow users to
A cryptocurrency trader has pulled off one of the most eye-catching wins of the week, turning a $5,756 bet into more than $1.6 million in just two days, a return of nearly 280x. On October 5, the wallet 0x8844c242cf3d0716f489579a5a968901b9e9ebb6 withdrew 5 BNB ($5,756) from Binance and swapped it on OKX DEX for 11.15 billion units
Crunch Lab, the core contributor behind CrunchDAO, has raised $5 million in a strategic funding round to advance its decentralized artificial intelligence predictions network, a system credited with contributing to cancer research breakthroughs at Harvard University and Massachusetts Institute of Technology (MIT). The new round of capital brings the protocol’s total funding to $10 million,
United States President Donald Trump has floated the idea of using import tariff revenue for another stimulus package, signaling another tailwind for crypto markets, alongside the ongoing government shutdown. President Trump said that he is considering giving Americans up to $2,000 in stimulus checks funded by revenue generated from import tariffs, according to an interview
Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid
Federal Reserve Governor Stephen Miran has again suggested that he isn’t worried about the inflation outlook as he continues his push for more aggressive Fed rate cuts. This comes as other Fed officials raise concerns about inflation, alluding to it as a reason why they may not support further rate cuts this year, although the
FED officials made different statements about the interest rate cut process and the current risks in the economy. Minneapolis Fed President Neel Kashkari noted that rising electricity demand could raise average prices nationwide, saying, “If investment demand for data centers is very strong, that could push up interest rates.” Kashkari also added, “If the Fed