The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC)
IP Strategy (Nasdaq: IPST) — the first publicly-listed company built around the programmable IP economy — has released its first monthly validator report since launching on Story Protocol last month, giving investors a transparent look into its onchain revenue engine. And the numbers show a fast-scaling flywheel taking shape. — From Reserve Asset to Yield-Generating
Switzerland-regulated platform Fulcrum has announced the launch of its crypto-backed loans and lending platform, supporting top coins and stablecoins. Summary Fulcrum Lending is launching with full insurance for customer deposits. The platform will offer up to 12% APR on BTC, 13% on SOL and 14% on USDT. Switzerland-based crypto-backed loans platform also boasts a FNMA
Palantir Technologies Inc (NASDAQ: PLTR) is tumbling this morning even after the data analytics firm reported another blockbuster quarter and raised its guidance for the full year. Why? Primarily because of valuation concerns. At nearly 450 times forward earnings, PLTR shares are priced for perfection – and then some. Palantir has managed to defy valuation
Four out of six large language models (LLMs) pitted against each other in the “Alpha Arena” crypto trading competition finished in the red, with OpenAI’s ChatGPT leading losses after losing 63% of its funds. The competition, which concluded on Monday evening, was created by Nof1 and involved various popular LLMs trading crypto under the same
The Trump family’s crypto push is not being powered by Wall Street giants, but rather, two small financial institutions most people have never heard of. One sits inside Trump Tower in Manhattan, while the other operates out of a small New Jersey office between a junkyard and a funeral home. These firms are Dominari Holdings
October closed roughly 4% down for Bitcoin, yet venture funding hit $5.1 billion in the same month, the second-strongest month since 2022. According to CryptoRank data, three mega-deals account for most of it, as October defied its own seasonal mythology. Bitcoin fell 3.7% during a month traders have nicknamed “Uptober” for its historical winning streak,
Strategy (formerly MicroStrategy) has announced the launch of Stream (STRE), a new Euro-denominated security, despite Michael Saylor repeatedly promising a new version of its existing security STRC geared toward foreign currency investors. STRC is Strategy’s high-yield, quasi-pegged preferred stock that trades near a $100 peg and pays tax-deferred, monthly, return of capital (ROC) dividends. Its
Nasdaq CEO Adena Friedman sees blockchain reshaping the traditional financial system in three key ways: by overhauling post-trade infrastructure, unlocking trapped capital through better collateral mobility and enabling faster, more seamless payments. “There’s just so much capital trapped, whether it’s in clearinghouses or clearing brokers,” Friedman said during a discussion with Ripple President Monica Long
Bitcoin BTC$101,373.83 continued to slide on Tuesday U.S. hours, falling below $102,000 and taking out the lows of the October 10 crash. The largest crypto plunged 4.5% over the past 24 hours and 11.8% over the past seven days to near $101,900, its weakest since late June. Ethereum’s ether ETH$3,388.95 also fell below the crash