Metaplanet stock price is in a free fall, erasing some of the gains made after its pivot to Bitcoin accumulation. Summary Metaplanet share price has slumped by 63% from the year-to-date high. Bitcoin treasury stocks have plunged in the past few months. Technical analysis points to more downside in the coming weeks. Metaplanet shares have
The following is a guest post and opinion of Eneko Knörr, CEO and Co-Founder of Stabolut. Months ago, in an op-ed for CryptoSlate, I warned that the EU’s flagship crypto regulation, MiCA, would achieve the opposite of its goals. I argued it would strangle euro innovation while cementing the US dollar’s dominance for a new
Stablecoins like USDt have become the de facto currency for millions of people navigating a crumbling financial system in Venezuela as the country’s annual inflation rate surges to 229%. Once limited to crypto-savvy users, Tether’s USDt (USDT), often referred to locally as “Binance dollars,” is now widely used across Venezuela for everything from groceries and
Strategy co-founder and executive chairman Michael Saylor has seen his net worth soar by $1 billion since the start of the year, coinciding with his debut on the Bloomberg Billionaire 500 Index. Saylor ranks 491st on the Bloomberg Billionaire Index with an estimated net worth of $7.37 billion, up 15.80% since Jan. 1. Over the
Crypto venture funding surged past $700 million last week, driven by a blockbuster $350 million M&A deal and a wave of AI- and infrastructure-focused projects. From Aug. 31 to Sept. 6, 13 crypto ventures collectively raised $709.6 million, with AlloyX Limited’s M&A transaction leading the pack. Infrastructure platforms and AI-powered startups, including Kite AI, Aria
JPMorgan Asset Management Chief Global Strategist David Kelly said in an interview with CNBC that the slowdown in the US economy is becoming increasingly evident and that the Fed’s expected interest rate cuts will not change this picture. Kelly argued that the weak August employment report and other economic indicators pointed to further softening in
Spot ether exchange-traded funds (ETFs) logged their fifth straight day of outflows this week, shedding $952 million in total and over $787 million in the four-day week alone. The withdrawals followed a record-setting August when spot ether ETFs pulled in $3.87 billion even as bitcoin ETFs saw $751 million in net outflows, according to SoSoValue
Cathie Wood’s ARK Invest stepped up its bets on crypto-related equities Friday, buying more than $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk, across three of its actively managed ETFs. Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech
US President Donald Trump has narrowed down his list of candidates to replace Jerome Powell as the new Fed Chair. Trump’s shortlist includes White House economic advisor Kevin Hassett, former Fed member Kevin Warsh and current Fed member Christopher Waller. Speaking to reporters at the White House, Trump said he was considering Treasury Secretary Scott
AI firm Showrunner plans to “reconstruct” 43 missing minutes of footage from Orson Welles’ 1942 classic “The Magnificent Ambersons” using artificial intelligence. Per a report in trade paper The Hollywood Reporter, Showrunner will use a combination of AI tools and conventional filmmaking techniques to assemble its interpretation of the missing footage, using archived set photos