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
A new report by fintech analytics firm Rebank explains the potential of RWAs to reshape the financial system. Summary RWAs represent a major shift in how the financial system works Tokenized assets are still small, but their growth is accelerating RWAs are for finance what email is for paper mail, says fintech analytics firm. On
IREN stock price jumped by more than 2% and approached its all-time high after a major $14 billion deal between Meta Platforms and CoreWeave and after a bullish report on AI spending from Citi. Summary IREN stock price soared after a big deal between Meta Platforms and CoreWeave. Meta will buy AI computing power from
The largest Bitcoin ETF in the world has just revamped its process for moving coins in and out of the fund. BlackRock’s IBIT, which has accrued more than $20 billion since launch, can now process creations and redemptions “in kind.” The SEC’s approval order quietly flipped the switch: IBIT’s authorized participants can now swap Bitcoin
An important step has been taken by the US Securities and Exchange Commission (SEC) regarding cryptocurrency storage. The SEC has issued a no-action letter stating that investment advisors can use state-chartered trust companies as “qualified custodians” for crypto assets. Under the Investment Advisers Act of 1940, investors’ assets must be held in qualified custodians, such
The ruble-pegged stablecoin A7A5 has been recognized as a digital asset under Russian law and will soon facilitate Russia’s cross-border settlements. The approval will allow Russian companies to use the cryptocurrency for payments in international trade deals, circumventing financial restrictions imposed by the West. Russia to employ ruble-backed stablecoin in settlements Russian firms doing business