Key takeaways Bitcoin is down 1% in the last 24 hours, dropping below the $112k level. The leading cryptocurrency is still holding its value above the $110k support ahead of tomorrow’s PCE data. BTC dips below $112k as bearish sentiment grows stronger The cryptocurrency market has been bearish this week, with Bitcoin and other major
The world of digital finance is constantly evolving, and regulatory clarity is paramount. Recently, a significant development in the stablecoin space caught attention, involving Chinese fintech firm AnchorX and its much-anticipated yuan stablecoin, AxCNH. This clarification is not just a minor detail; it’s a crucial piece of information shaping how we understand the future of
Bitcoin ETFs reversed their two-day losing run with $241 million in inflows, led by Blackrock’s IBIT. Ether ETFs, however, continued their outflow streak, shedding $79 million across five funds. Bitcoin ETFs Bounce Back as Ether ETFs Mark Third Day of Outflows After two straight sessions of redemptions, bitcoin exchange-traded funds (ETFs) finally flipped the script
Dechat, a famous decentralized Web3 communication platform, is pleased to announce its strategic partnership with OpenPad artificial intelligence (AI). OpenPad AI is an investment network that utilizes decentralized AI to provide data-powered financial strategies. The main purpose of this partnership is to promote the integrated development of Web3 and artificial intelligence (AI) across the globe.
AIDA, a well-known platform offering automated AI services, has officially collaborated with GAEA, a robust decentralized AI network developed on BASE. The partnership endeavors to establish an AI-driven Web3 network to benefit creators. As mentioned in its official announcement on X, the partnership endeavors to provide next-gen initiatives like MindSharing campaigns for broader adoption. Keeping
Raoul Pal, founder of Global Macro Investor, has drawn attention to a widely circulated chart that compares bitcoin’s (BTC) movements with global M2 money supply. The chart shows that since early 2023, bitcoin has tended to track global M2 money supply with a consistent 12-week lag, implying that changes in liquidity conditions filter through to
Sygnia CEO Magda Wierzycka has cautioned against excessive enthusiasm for bitcoin and emphasized that crypto should make up no more than 5% of discretionary assets. Sygnia CEO Cautions Against Excessive Enthusiasm for BTC The head of a leading South African investment firm has raised concerns over what she considers excessive enthusiasm surrounding bitcoin ( BTC),
A groundbreaking development is stirring in South Korea’s financial sector, signaling a potentially massive shift towards digital assets. NH Nonghyup Card, a prominent financial institution, has taken a significant step by filing for 12 trademarks related to a Korean won stablecoin. This bold move, initially reported by News1, includes the notable name NHCardKRW, indicating a
The world of finance is witnessing an exciting shift as more traditional institutions embrace digital assets. This trend is powerfully highlighted by the latest news: French investment firm Melanion Capital is making a significant move into the cryptocurrency space. They have announced ambitious plans to raise €50 million, equivalent to about $58.72 million, specifically for
RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status. The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday