Venture capital funding for AI startups has surged dramatically this year, and has crossed $190 billion globally year-to-date as of the end of Q3, according to available data. It marks the first time the AI sector has captured over 50% of VC dollars in a single year. However, observers have warned about a potential “hype
Stablecoin issuer Circle on Wednesday expanded the availability of its tokenized money market fund, USYC, to the Solana blockchain. The firm said the token represents shares in a short-duration U.S. government TMMF. USYC can be redeemed for USDC, Circle’s dollar-backed stablecoin, in real-time. The token is also currently available only to non-U.S. institutional investors who
Cango Inc., a Chinese publicly traded Bitcoin mining company, has expanded its crypto treasury once again. The company added 101.7 BTC in September. This brings its total holdings to 5,810 BTC. This move strengthens its position as the 18th largest Bitcoin holding public company worldwide. JUST IN: Chinese publicly traded #Bitcoin mining company Cango $CANG
Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research. Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which could raise between $30 billion and $45 billion in new capital.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors continue to grind up as Bitcoin breaks $120,000 BNB hits new ATH over $1,100 kicking off BNB SZN
The debasement trade, also known as the sound money or hard asset trade, is well and truly alive. Bitcoin (BTC), at more than $120,000, sits just a stone’s throw from its all-time high of $124,000. Meanwhile, gold has almost gained 50% year-to-date, setting fresh record highs almost daily and now trading just below $3,900. Exchange-traded
Bitcoin could reach a new all-time high as soon as next week and keep climbing to $135,000, Standard Chartered’s Global Head of Digital Assets Research said in a new note shared with Decrypt. Yesterday Bitcoin soared above $121,000, keeping stride with a Q4 pattern that’s been coined “Uptober.” Early Friday morning BTC was trading for
Crypto exchange-traded funds (ETFs) are continuing their positive streak this week, recording consistent green daily inflows since September 26. As usual, BlackRock is dominating the landscape, having seen approximately $446 million in Bitcoin (BTC) and $177 million in Ethereum (ETH) inflows, or around $623 million in total, on Thursday, October 2, according to data retrieved
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s safe to say the rush to tokenize trillions of dollars in real-world assets is on. BlackRock, the world’s largest asset manager, pushes further into tokenized funds after its BUIDL fund surpassed