Story Highlights Senate Democrats demand Trump envoy Steve Witkoff explain his crypto holdings amid ethics concerns. Witkoff’s World Liberty Financial facilitated a $2B UAE investment in Binance via stablecoin USD1. Lawmakers worry the deals blur lines between private profit and official U.S. diplomacy. Crypto and politics are colliding again. Senate Democrats are demanding answers from
Market intelligence and analytics platform Santiment has revealed that GameStop, Bitcoin, Tether, Chainlink, and Ethereum are the most trending assets in social metrics this week. According to Santiment Feed, the coins have recorded the highest level of social interest within crypto circles due to several reasons, including short squeeze predictions, involvement in the Federal Reserve’s
Google said it had achieved a verifiable “quantum advantage” with its Willow chip completing a calculation that would take classical supercomputers thousands of times longer. The reported breakthrough may reignite a debate in the cryptocurrency community over the possible detrimental effects that quantum computing could have on Bitcoin, whose operation and security is built on
Galaxy Digital founder and CEO Mike Novogratz appeared on CNBC’s Squawk Box to discuss the company’s third-quarter results, the overall state of the crypto market, and the Bitcoin price outlook. Galaxy CEO Mike Novogratz: Bitcoin Could Stay in the $120,000–$125,000 Range Until the End of the Year Novogratz said Bitcoin is likely to trade in
Investment bank B. Riley upgraded Core Scientific (CORZ) to buy from neutral, and raised its price target on the shares to $30 from $17, citing strong standalone value and renewed momentum in high-performance computing (HPC). The bank’s analysts expect shareholders to reject Core Scientific’s proposed merger with CoreWeave (CRWV) s, noting the stock has lagged
T. Rowe Price, the 87-year-old investment firm known for its mutual funds, is making a move into crypto. On Wednesday, the company filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch the T. Rowe Price Active Crypto ETF. The S-1 is a key regulatory filing that signals a firm’s intent
Crypto exchange Kraken’s revenue more than doubled in the third quarter as the crypto exchange ramps up for an expected public listing next year. The company, legally known as Payward Inc., brought in $648 million in revenue for the third quarter, a 114% increase from the same period last year. Kraken defines revenue as gross
Meme stock traders believe that the plant-based food brand Beyond Meat is “the most shorted stock in the market,” echoing sentiments from 2021’s GameStop phenomenon. With that perspective gaining steam, BYND stock has now surged 963% over the past five days, according to TradingView. Nasdaq has already halted trading four times on Wednesday due to
In a move that underscores the growing convergence of decentralized infrastructure and enterprise AI, Inveniam Capital Partners has signed a definitive agreement to acquire Storj, a long-time player in decentralized cloud storage, the company said in a press release Wednesday. Financial details of the transaction were not disclosed. The deal will fold Storj’s distributed storage