Tech entrepreneur, CEO of Tesla and xAI, Elon Musk, has announced an important upcoming update of xAI’s Grok AI chatbot. However, while doing so, he cited his own popular tweet published four years ago, in 2021. Back then, this tweet became one of those Twitter posts that some analysts wanted to sue Musk for, alleging
Circle (CRCL) plans to offer 10 million shares in a secondary stock sale priced at $130 per share, more than four times to price of its initial public offering in June. The stablecoin issuer behind the USDC token is itself offering 2 million shares of Class A common stock, it said in a Tuesday filing
South Korean retail investors have reportedly ditched U.S.-listed big tech stocks like Alphabet and Tesla and have bought $259M worth of Peter Thiel-backed BitMine shares since early July. Korea Securities Depository claimed BitMine shares were the most popular foreign stock in the country. South Korean retail investors, who are reportedly drawn to high-risk, high-reward crypto
In a recent social media post, prominent financial commentator Peter Schiff predicted that tokenized gold will end up eating Bitcoin’s lunch. The same applies to U.S. dollar-backed stablecoins since he is convinced that no one will actually need such products when there is a coin that represents real gold. Treasury model backed by tokenized gold
The firm is fresh off a massively successful initial public offering in June and is riding the coattails of a pro-crypto Congress. Stablecoin Giant Circle Rakes in $658M in Revenue Circle (NYSE: CRCL), the world’s second largest stablecoin issuer, is having a stellar year so far, exceeding revenue expectations in its debut quarterly earnings report
Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation. Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.” Chatterjee works within Citigroup’s services
Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped Spring Advisors CEO and CIO Andy Constan. It is “100% fraudulent” that the Bitcoin-buying firm compared its price-to-earnings ratio to the likes of Apple and NVIDIA on a slide during its second-quarter earnings presentation, the
Story Highlights More than $1 billion was liquidated from the crypto leveraged market today following hotter-than-expected producer cost data. Bitcoin price is likely to rebound to a new ATH after filling the CME gap at around $117.5k. Kalshi traders have made a bet on a Fed rate cut in September despite the hotter-than-expected PPI data.
OKX Ventures has released its newest report on its crypto investment, which details the movement of capital involving big caps and newbies in the crypto space. According to the report conducted by $ENA, the company led in the number of weekly investments with an investment volume of 5.54 million, with a 19.4% price rise, and