Range, a fintech company specializing in stablecoin and fiat asset management, has raised $8.3 million in a Series A funding round. The investment was led by TX Ventures and SixThirty, two traditional fintech-focused funds, signaling growing institutional interest in bridging digital and traditional finance infrastructure. Funding Details and Strategic Backing The Series A round brings
Token Terminal recently shared insights on the potential of EUR stablecoins, emphasizing their growing market opportunity. The tweet highlights that on-chain EUR stablecoins have a market cap of approximately $770 million, while off-chain EUR stablecoins boast a staggering $16 trillion. This information was shared in a tweet that can be viewed here. Market Snapshot The
Bitcoin critic Peter Schiff has suggested that some specific STRC investors have an “ironclad” case against Strategy and its co-founder, Michael Saylor. Schiff also opined that the Strategy co-founder may be guilty of fraud and has a lot of liability to investors who will lose money as STRC drops to new lows.
In brief Everyday investors that have allocated savings to Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility has created a divide. With STRC hitting its lowest level since debut on Thursday, the preferred stock is in the midst of a real-world stress test. Some experts feel that the product’s marketing
SBI Remit (SBIR), Japan’s leading international money transfer provider under SBI Group, has partnered with Fasset, the global stablecoin-powered neobank and investment platform, to build the next-generation infrastructure for global payments and money movement. The partnership combines SBIR’s proven remittance infrastructure with Fasset’s growing digital ecosystem, which processes US$32 billion in annualized transaction volume and
As is known, the FED did not change interest rates at its first Federal Open Market Committee (FOMC) meeting under the chairmanship of Kevin Warsh last night. The FED unanimously kept the policy interest rate stable at 3.50-3.75 percent, in line with expectations. Increased inflation concerns stemming from the US-Iran conflict have reduced the likelihood
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1750.15, down 0.9% (-15.97) since 4 p.m. ET on Wednesday. Three of 20 assets are trading higher. Leaders: XLM (+10%) and HBAR (+0.2%). Laggards: ICP (-4.1%) and SUI (-4%).
HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, as the company continues its transition away from pure-play bitcoin mining. The deal will see HIVE’s BUZZ High Performance Computing unit deploy 2,304 Nvidia Grace
The Magnificent 7’s AI-driven growth story is facing a reality check. The best-performing stocks of the past decade are coming under pressure as investors question the enormous cost of the AI arms race and rotate into new fields with stronger momentum. Microsoft (MSFT) is down 33% from its recent highs, while Meta (META) has dropped
Bitcoin $BTC$63,888.86 and the Dollar Index (DXY) are moving in opposite directions, with the latter on the verge of a major move that may embolden crypto bears. The largest cryptocurrency is under pressure for a third straight day, trading near $63,900 and down nearly 1% since midnight UTC. The broader market is mostly showing similar