MicroStrategy (MSTR), the largest corporate holder of bitcoin BTC$111,812.30 and long seen as a leveraged bet on the crypto, has shed nearly $18 billion in market value as enthusiasm dried up and its net asset value (mNAV) premium collapsed in recent months. The stock may be poised for a rebound as a series of key
President Donald Trump has called on Fed Chair Jerome Powell to initiate another rate cut later today. While speaking to delegates at the Asia-Pacific Economic Cooperation summit, President Trump urged ‘Too Late’ Powell to lower the lending rate to boost economic growth. According to President Trump, the imposed import tariffs will not be a hindrance
Corporate digital asset activity remained muted week over week amid the fallout from recent crypto deleveraging, with Wall Street broker B. Riley noting capital flows began to normalize as U.S.-China trade talks made progress. Earlier this month, the broker initiated coverage of digital asset treasury companies (DATCOs) BitMine Immersion Technologies (BMNR), SharpLink Gaming (SBET), FG
Western Union (WU) shares rose 6.5% on Tuesday after the company announced plans to introduce the U.S. Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, along with a crypto off-ramp network called the Digital Asset Network. The move underscores that stablecoins are an opportunity, not a threat, for remittance firms that embrace
The Nvidia (NVDA)-led rally in stocks this month has now pushed the returns of the S&P 500 and the Nasdaq above that of bitcoin BTC$113,144.60. With additional gains on Tuesday while bitcoin dipped, the S&P 500’s 17% rise year-to-date is ahead of BTC’s 16% advance. The Nasdaq has widened its lead over bitcoin, now higher
TeraWulf (WULF) is planning to raise up to $575 million through a private sale of convertible senior notes, as it continues shifting focus from bitcoin mining to powering artificial intelligence infrastructure. The company Wednesday announced it plans to sell $500 million in convertible senior notes due 2032, with an option for buyers to tack on
Taurus, a Swiss provider of digital asset infrastructure for financial institutions, said it is expanding into the U.S. with an office in New York. The move marks its second North American location and signals growing institutional appetite for regulated crypto services amid shifting U.S. policy, the company said Wednesday. It previously opened an office in
Tether’s US Treasury holdings have soared to $135 billion, propelling the stablecoin leader past South Korea to become the 17th largest holder of American debt globally. At the same time, Tether Gold’s market cap surpassed $2 billion, cementing the company’s dominance in tokenized real-world assets. Tether’s Treasury Holdings Surpass Sovereign States With $135 billion in
Crypto traders remained on edge as they await Fed Chair Powell’s speech following the FOMC meeting set to wrap up later today. Summary Fed Chair Jerome Powell is set to deliver a speech on the Fed’s latest policy decision and economic outlook later today. CME’s FeWatch tool shows odds of a 25bps cut at 99.9%.
Ironlight Markets, a FINRA-registered broker-dealer and subsidiary of Ironlight Group Inc., said it received regulatory approval to operate an alternative trading system (ATS) for both traditional and tokenized securities, including real-world assets (RWA). The authorization makes Ironlight one of the few U.S.-regulated platforms cleared to trade digital asset securities and the only one capable of