Institutional capital is increasingly steering the direction of the crypto market, executives from Bitwise Asset Management and Aspen Digital told Decrypt in separate interviews during the Token2049 conference in Singapore last week. Hong Kim, Chief Technology Officer and co-founder of Bitwise, said the investor base for Bitcoin has shifted from retail traders to long-term allocators.
GraniteShares is planning to offer some risky bets, proposing 3X Leveraged ETFs based on XRP, Solana, Ethereum, and Bitcoin. The firm will issue short and long positions for all these products. XRP in particular has already demonstrated a healthy market for this sort of trading. However, the current crop of offerings largely centers on 2X
The Bank of England (BOE) appears to be softening its stance on proposed limits to corporate stablecoin holdings, with plans to introduce exemptions for certain firms that may need to maintain larger reserves of fiat-pegged assets, according to a Bloomberg report published Tuesday. Citing people familiar with the discussions, Bloomberg reported that the BOE’s reconsideration
Autonomys is pleased to announce its strategic alliance with Nubila Network, blending artificial intelligence (AI) with decentralized storage. This partnership aims to transform the storage, accessibility, and verification of climate data in the digital landscape. Nubila integrates with Auto Drive to make real-time climate data permanently stored on-chain. This groundbreaking step is set to enable
JP Morgan, Circle, and Stripe are proliferating corporate blockchains to leverage their existing customer bases and overcome public networks’ technical limitations. This trend is expected to surge over the next couple of years. Expert analysis suggests these non-neutral networks will fail long-term because they do not embrace core blockchain values like disintermediation and independence. This
Ethereum co-founder Vitalik Buterin has called for the use of zero-knowledge (ZK) cryptography to enable secret-ballot voting in governance and judicial systems. He said anonymity can help protect judges and lawmakers from retaliation. His comments came after a tense case in South Carolina. Circuit Court Judge Diane Goodstein’s house burned down following weeks of threats
XION, a consumer-centric layer-1 blockchain built for mass onboarding, has integrated with Fireblocks, a leading digital-asset custodian, to bring XION’s walletless experience to more than 2,400 financial institutions. Summary Fireblocks has added native support for XION. Integration paves the way for over 2,400 institutions to adopt the consumer-centric blockchain. Solana, Avalanche and Sui are among
High-performance computing firm IREN (IREN) stock slipped 6% on Tuesday post-market after announcing a $875 million convertible debt offering. The offering may increase to $1 billion if initial purchasers take up an option to buy an additional $125 million, the press release said. The notes will be unsecured and give holders the right to convert
Oracle’s stock price tanked after a new report on its profit margins, and there are serious possible implications for AI. Crypto’s market cap also declined afterward, but it’s hard to predict the full fallout. LLM developers and various AI infrastructure interests are currently engaged in a huge wave of circular financing, but one collapse could