U.S. stocks opened slightly higher on Tuesday, and gold spiked to a record $4,000 as Wall Street looked to maintain the momentum that pushed the major indexes to new record highs. Summary Dow rose slightly as stocks opened higher on Tuesday. Gold prices hit a record $4,000 for the first tim. Wall Street is upbeat
Zac Prince of BlockFi bankruptcy fame has been named as managing director of Galaxy Digital’s new 8% APY yield product. While slowly leading BlockFi into bankruptcy, Prince advertised interest rates on Circle’s USD stablecoin of 7.5%. Now as head of Galaxy One, he’s advertising 8% APY on USD. With funds “generated by Galaxy’s institutional lending
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