Crypto will be necessary for artificial intelligence-powered agents to operate effectively in the financial market, as the infrastructure for the traditional finance system is outdated, says John D’Agostino, the head of institutional strategy at Coinbase. If AI agents are going to operate on behalf of people, then they need to operate on “true sources of
CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management. The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies
According to SoSoValue data, remarkable net inflows were recorded in Ethereum and Bitcoin spot ETFs on September 30. Strong Entry into Ethereum and Bitcoin Spot ETFs: BlackRock Takes Leading Position Ethereum spot ETFs saw a total of $127 million in net inflows, while none of the nine listed funds experienced net outflows. The biggest inflow
Tokenized equities will be a big benefit to traditional markets, but may not be a boon for the crypto industry that others have predicted, says Rob Hadick, general partner at crypto venture firm Dragonfly. “There’s no doubt it has a big effect on TradFi,” Hadick told Cointelegraph at the TOKEN 2049 conference in Singapore. “They
In a thread on X, Matt Hougan explained that the large valuations of cryptocurrencies make sense when compared to the massive markets they aim to disrupt. Following surprise from the cryptocurrency community at Bitcoin’s multitrillion-dollar valuation, Bitwise’s CIO took to X to explain the large markets that crypto assets are competing for. Bitcoin and gold
Tron Inc., a TRX treasury company, has been on a sustained downtrend since its mid-June peak. The Nasdaq-listed toy and souvenir manufacturer is down 85% from its June 20 peak of $12.80, according to TradingView data. In September alone, the company witnessed a 55% decline. “The hype is deflating,” Peter Chung, head of research at
MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk. The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, building on a $16 million ENA purchase and $20 million acquisition
US regulators are reportedly probing more than 200 firms with crypto treasuries over insider trading. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) raised concerns after observing unusually high trading volumes and sharp stock-price gains in the days before the companies’ announcements. A Regulatory Sweep Recent reports revealed that federal
An exchange-traded fund tracking trillion dollar assets, including tech and crypto-related companies and products, debuted on Tuesday, the latest ETF to give U.S. investors exposure to the fast-growing digital asset and AI space. Miami, Florida-based Defiance ETFs’ Defiance Trillion Dollar Club Index ETF, which trades as TRIL, tracks the performance of the BITA Trillion Dollar
President Donald Trump signed an executive order Tuesday directing the National Institutes of Health to spend $50 million developing AI systems to analyze data related to childhood cancer, in a move the administration said could “fundamentally transform” how young cancer patients are treated in the United States. “The treatments of the future will have the