Crypto data provider Kaiko said it extended a four-year-old funding round to $110 million following an investment led by S&P Global in another sign of the convergence of digital and traditional finance. Kaiko announced the Series B in May 2022, when it raised $53 million, tripling its valuation, which remains undisclosed. A year earlier, the
Dogecoin spent years becoming one of crypto’s easiest tokens to buy. But putting it in exchange-traded funds (ETFs) has done little to attract a new class of investors. Data analyzed by CoinDesk shows that ETFs for another popular token, $XRP, took in more money on Wednesday than three U.S. dogecoin funds have collected in nearly
The number of tokenized stock holders on Solana have crossed the 800K mark this past week. According to data from Blockworks, there are 801,439 tokenized stock holder addresses as of September 12. At the start of the month, this was at 424,894. That is an 88% increase in less than two weeks. Source: Blockworks To
ByteDance Ltd., the developer of TikTok, signed a $29.6 billion loan agreement with more than two dozen financial institutions as the company builds out its AI ambitions, Bloomberg reported on Monday, citing a person close to the matter. The Chinese company’s loan is the second-largest in Asia this year, following SoftBank’s $40 billion loan arranged
Oil’s return to nearly $108 is starting to look like more than an energy story. Brent crude jumped again after weekend attacks hit Saudi energy infrastructure and renewed concerns around the Strait of Hormuz, pushing inflation and interest-rate fears back to the center of global markets. That is a problem for both Bitcoin and technology
US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in net outflows last week, reversing after three consecutive weeks of inflows, while Ether ETFs moved the other way with nearly $197 million in net inflows. According to Farside Investors, the withdrawals ran across all four trading sessions from Tuesday to Friday. The outflows followed the
U.S. technology and artificial intelligence stocks fell in pre-market trading Monday after leading CEOs renewed concerns about the pace of AI development over the weekend. Cryptocurrencies, in contrast, rose. Bitcoin BTC$77,568.78 gained about 1% over the past 24 hours to $77,800, while ether ETH$2,513.85 added 1% to $2,500. Anthropic CEO Dario Amodei called for the
Goldman Sachs announced that it expects the US Federal Reserve (Fed) to raise interest rates by 25 basis points at its September monetary policy meeting. The bank revised its previous forecast that the Fed would not change interest rates, shifting its expectation to a rate hike. According to Jin10, a China-based financial news source, Goldman
The U.S. housing market has reached its strongest buyer’s market on record, but the shift is being driven as much by disappearing demand as by improving supply. There were an estimated 57.9% more home sellers than buyers in August, the widest gap in Redfin data going back to 2013. The imbalance jumped sharply from 52.1%
AMC Entertainment CEO Adam Aron has challenged Robinhood’s claimed 1:1 stock token backing by asking whether shares supporting the products could be lent to short sellers. Aron’s Sept. 12 statement directed a series of questions to Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. The post followed their public defense of the company’s