Coinbase is piloting $12,000 USDC transfers in New York, testing whether stablecoins can deliver aid to low-income households more efficiently. Summary Coinbase and GiveDirectly launched Future First in New York, where 160 low-income residents are set to get $12,000 in USDC over five months. Payments are structured as an $8,000 initial transfer followed by five
Key Takeaways NVIDIA surpassed $190 per share for the first time, indicating strong investor confidence. The company’s market capitalization now exceeds $4.6 trillion, underlining its dominant position in the semiconductor and AI industry. NVIDIA, a leading developer of AI chips, topped $190 per share for the first time today, marking a new milestone for the
Russia is creating a cryptocurrency infrastructure of its own, with the country’s crypto sector pushing the government to finalize it faster. According to a top representative of the Russian finance ministry, its elements should serve not just the recently regulated mining industry, but other crypto-related activities as well. Moscow to underpin Russian crypto market with
Tether’s USDt and Circle’s USDC, the two largest stablecoins by market capitalization, have slowly lost market share in the past year, suggesting a major shift in the stablecoin landscape. Despite Tether’s USDt (USDT) and Circle’s USDC (USDC) steadily increasing their market caps, the stablecoins have lost more than 5% of their combined market share since
Artificial intelligence company OpenAI has become the world’s largest startup after reaching a $500 billion valuation in a secondary share sale. Citing anonymous sources, Bloomberg reported on Thursday that current and former OpenAI employees sold $6.6 billion in stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, Abu Dhabi’s MGX and T.Rowe
Lisk has launched a $15 million venture initiative, the Lisk EMpower Fund, aimed at accelerating Web3 startups in Africa, Latin America (LATAM), and Southeast Asia. The fund positions itself as a counterweight to the oversaturated Western venture scene, where valuations are at record highs and returns are increasingly muted. Lisk’s $15 Million EMpower Fund Targets
Cryptocurrency market maker GSR has signed an agreement to acquire Equilibrium Capital Services, a Portland-based broker-dealer registered with the SEC and a member of FINRA. The deal, which is still pending regulatory approval, marks a step toward expanding GSR’s regulated presence in the United States. GSR did not disclose the terms of the Equilibrium Capital
The following is a guest post and opinion from Jamie Elkaleh, CMO at Bitget In Hong Kong, hours before the New York open, an investor buys a $1 slice of Tesla directly from a self-custody wallet. No broker, no FX spreads, no trading window. Thanks to tokenized U.S. stocks and ETFs offered through Ondo Global
Tokyo-based Metaplanet reported record Bitcoin (BTC) Income Generation revenues in its third-quarter results for fiscal year 2025, with revenue surging 115.7% compared to the previous quarter. Furthermore, the company revealed it has already exceeded its annual BTC accumulation target. Given this performance, Metaplanet also raised its full-year revenue and operating profit forecasts. Metaplanet Q3 Bitcoin
Thailand’s market regulator says the country is working on expanding its exchange-traded funds (ETFs) plans beyond bitcoin BTC$118,823.85, Bloomberg reported on Thursday. The country’s Securities and Exchange Commission (SEC) will allow local mutual funds and institutions to issue such funds under rules, SEC secretary-general Pornanong Budsaratragoon said, according to the report, citing an interview on