The $ARK Venture Fund has announced a significant step in its mission to democratize access to financial markets through tokenization. This initiative was highlighted by Cathie Wood, who stated that tokenizing the fund could revolutionize how investors engage with both private and public markets. This move could pave the way for broader participation in innovative
Yesterday’s US inflation data increased interest rate concerns in global markets. The US September consumer price index (CPI) came in above market expectations, negatively impacting market sentiment across risky assets, including Bitcoin, cryptocurrencies, and equities, due to fears of further interest rate hikes. However, markets believe a pause in interest rates this month is the
Ondo has emerged as a leader in the tokenized ETF market, issuing $325.7 million of a total $686.5 million. This information comes from a recent tweet by @tokenterminal, which highlights the impressive growth and concentration of market power among the top issuers. The significant presence of Ondo and its competitors signals a notable trend in
Companies are pouring so much money into data centers that power artificial intelligence (AI) that any attempt to slow it could hurt the U.S. economy, not just the stock market. Larry Fink, CEO of BlackRock, the world’s largest asset manager, made that clear Wednesday in a CNBC interview, while also warning about the burgeoning national
Anthropic has told prospective investors that its Q3 revenue reached about $16.8 billion and that it had turned an adjusted profit. The figures were disclosed at a private pre-IPO meeting as the AI company prepares for a public offering that could value it at over $2 trillion. The numbers behind the jump Anthropic’s third-quarter revenue
US stocks suffered their sharpest selloff since July on Wednesday as hotter-than-expected inflation data weighed on technology and AI infrastructure companies, with Bitcoin miners among those hit. The S&P 500 fell 1.1%, its biggest one-day decline since July 29; the Nasdaq Composite fell 1.9%, its biggest one-day drop since July 23, while the Dow Jones
USD Cash at Michael Saylor’s BTC treasury company Strategy has fallen 60% from $1.61 billion on August 30 to $640.5 million on October 11, according to its latest disclosure this week. The firm has spent the majority of its USD Cash on STRC buybacks, Strategy’s ultra-high yield dividend stock that it sold to investors for
Bastion Trading, a 9.99% shareholder of Solana treasury company SkyAI (Nasdaq: SKYA), is challenging the company’s $3.00-per-share tender offer and demanding disclosure of the roughly 70% of its Solana ($SOL) holdings sold in under a month. In an October 14 letter, the activist investor asked SkyAI to raise the offer to at least $3.50 per
The U.S. Energy Information Administration expects East Coast diesel and heating-oil inventories to stay unusually low this winter, potentially keeping transport and household costs elevated. For Bitcoin, that fuel pressure matters if it delays broader inflation and financing relief. Its October 6 outlook put September distillate stocks 32% below their 2021–2025 seasonal average and forecast
Standard Chartered says stablecoin transaction activity continues to grow even as the market’s overall value has stalled, suggesting existing stablecoins are circulating more frequently rather than new supply driving growth. In a report shared with Cointelegraph, the bank said it now expects stablecoin market capitalization to reach $2 trillion by 2030, two years later than