The crypto market staged a sharp rebound in July, with total market capitalization climbing 14% from the previous month to $3.7 trillion, Wall Street bank JPMorgan (JPM) said in a research report Thursday. Average market cap rose 12% in the same period, driven by broad-based gains across tokens, decentralized finance (DeFi), non-fungible tokens (NFTs) and
Strategy (formerly MicroStrategy) and El Salvador showcased huge paper gains from their Bitcoin holdings after the flagship crypto surged to a new all-time high above $124,000. Strategy’s Bitcoin holdings reach ATH On Aug. 13, Strategy Chairman Michael Saylor announced that the company’s Bitcoin portfolio had reached a record high of $77.2 billion. This nearly doubles
Dinari, a U.S.-based provider of tokenized public securities, is set to launch its own blockchain, joining the latest wave of firms to build their own infrastructure. The chain, called the Dinari Financial Network, aims to serve as a coordination and settlement layer for the securities issued on other networks like Arbitrum ARB$0.4644 , Base, Plume
Stablecoin protocol USD.AI, which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. USD.AI, developed by Permian Labs, issues loans to emerging AI firms using graphics processing unit (GPU) hardware as collateral, cutting approval times by more than 90% compared with traditional lenders. The on-chain
Bitcoin spot exchange-traded funds are on pace to hold more than 1.5 million BTC by year-end if current inflow rates persist, according to holdings data tracked by WalletPilot. This would allocate more BTC to ETFs than most estimates for lost coins, which stand around 1.4 million BTC. U.S. spot ETFs collectively hold about 1.296 million
Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets — crypto among them — sharply lower. The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5% and June’s 2.4%. Core PPI, which
US Treasury Secretary Scott Bessent, who openly called for the FED to cut interest rates in his statements yesterday, made new statements today. Speaking to Fox Business, Treasury Secretary Scott Bessent made important statements about the US cryptocurrency reserve. Stating that the US will keep gold as a store of value, Bessent said that he
Institutional DeFi platform Sentora published a new report on Thursday, arguing that the corporate adoption of bitcoin BTC$117,101.92 as a treasury asset, while popular, resembles a “balance sheet roulette.” “Bitcoin’s scarcity and programmability make it an unprecedented corporate asset — but without scalable yield and durable financing, most current adopters are playing a dangerous game
Bitcoin vs Google: A New Market Cap Rivalry In a headline-grabbing achievement, Bitcoin has overtaken Google (Alphabet Inc.) to secure the 5th spot among the world’s most valuable assets. This milestone cements BTC’s place alongside the largest companies and commodities in the global economy, reinforcing its role as a legitimate store of value. But the