Venture capital heavyweight a16z Crypto led a $15 million seed-round investment into Poseidon, a decentralized artificial intelligence (AI) data layer. Poseidon is built to provide access to training data for robotics and AI models that is “traceable, enforceable and monetizable,” according to an emailed announcement on Tuesday. The project was incubated by intellectual property (IP)-based
Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @ali_charts, believes that the world’s flagship cryptocurrency, Bitcoin, has odds of soaring much higher than the recent all-time high very soon. The analyst has published an X post with a Bitcoin chart attached, showing how BTC can soar as high as
After several days of straight inflows, the funds logged hundreds of millions in outflows, putting the first crack in their record run of fresh capital. Spot Bitcoin ETFs just ended their multi-day inflow streak, logging about $131 million in net outflows on July 21, according to SoSoValue data. This marks the first red day for
Key Takeaways The Bank of England is reconsidering the need for a digital pound as private sector payment innovations advance. Global enthusiasm for retail central bank digital currencies is waning due to privacy concerns and industry alternatives. The Bank of England (BoE) is reassessing its plans for a digital pound, as officials question whether launching
TD Cowen countered criticism that Strategy’s (STR) market capitalization should be indexed solely to Bitcoin assets, stating that this approach is logically flawed. TD Cowen: Strategy’s Premium Value Justified by Bitcoin Capital Cycle Analysts argue that the company’s aggressive share issuance increases investors’ stake in the stock rather than diluting it. Strategy’s market capitalization currently
Imagen Network (IMAGE), a low-cap token built on the Solana blockchain, has unexpectedly emerged as BlackRock’s third-largest crypto holding, according to on-chain portfolio tracking data. Despite its sharp price decline since launch, the asset now sits behind only Bitcoin (BTC) and Ethereum (ETH) in BlackRock’s digital asset allocation. At the time of publication, IMAGE is
Amid the surging interest in Bitcoin among institutional players, this article highlights the top 20 largest BTC holders. Institutional interest in Bitcoin has continued to skyrocket over the years. Major corporate entities, including publicly traded firms like MicroStrategy, currently hold substantial amounts of BTC in their reserves. These companies are spread across various industries globally,
Metis, a well-known L2 blockchain solution provider, has announced its new partnership with ENKI Protocol. In this partnership, ENKI Protocol has joined the community of the recently launched hackathon, HyperHack, to advance its ecosystem via a relatively accessible on-chain infrastructure. The platform revealed this development in a recently shared X post. Welcome @ENKIProtocol as a
U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors. The pullback came as bitcoin BTC$119,041.02 itself traded mostly flat to start the week. Prices continue to hover in a tight range on
Crypto companies in the U.K. have almost certainly been under-reporting breaches of financial sanctions since as far back as 2022, the Office of Financial Sanctions Implementation (OFSI) said in a Monday report, as the nation imposed more sanctions on Russia. The report, which is a sanctions threat assessment focused entirely on crypto, said most of