Gold prices have wavered amid the ongoing U.S.-Israeli war with Iran, but tokenization platform Theo indicated on Tuesday that experimentation with the precious metal continues apace. The firm has raised $100 million to offer thUSD, a “gold-powered stablecoin,” according to a press release. Although most stablecoins are backed by cash and U.S. Treasuries, Theo said
Michael Saylor declared that Strategy generated ₿16,622 of $BTC Gain last week, worth roughly $1.2 billion, calling it the closest analog to net income on the Bitcoin Standard. The claim followed a 22,337 Bitcoin ($BTC) purchase between March 9 and March 15, funded primarily through sales of Strategy’s perpetual preferred shares. What $BTC Gain Measures
Bitcoin hit $75,912 in early Asian trading, the highest price since February 4, then gave it all back within hours. The spike was real. The buying behind it was not. That gap between price action and conviction is exactly what makes today’s session important to understand before reading anything bullish into yesterday’s move. Daily Chart:
Robinhood’s (HOOD) newly launched venture fund has added stakes in Stripe and ElevenLabs, marking its first disclosed investments since beginning trading earlier this month. Robinhood Ventures Fund I (RVI), a closed-end fund designed to give retail investors exposure to private companies, said it purchased roughly $14.6 million in Stripe shares and $20 million in ElevenLabs
Despite the ongoing conflict between the US and Iran, Bitcoin ($BTC) and altcoins are having a strong week. Bitcoin has climbed above $75,000 for the first time in weeks, while altcoins are also experiencing double-digit gains. However, the critical week of the FED interest rate decision has arrived. In the Bitcoin ($BTC) and cryptocurrency market,
A group of U.S. regional banks is developing the Cari Network, a tokenized deposit platform built on ZKsync, a layer-2 network, as lenders seek a regulated path to modernize digital payments. The network, announced Tuesday, is being developed with banks including Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp. It’s designed to
Bitcoin ($BTC) experienced a strong recovery despite the ongoing US-Iran war, rising above $76,000. However, while talk of a rally for $BTC intensified after it retreated to the $74,000 level, Wintermute said it was too early to say. Cryptocurrency market maker Wintermute said Bitcoin has weathered the initial sell-off but the trend hasn’t reversed yet.
Bitcoin price briefly surged to a six-week high of $75,937 on Tuesday, as over $330 million in short positions were liquidated in the past 24 hours. Summary Bitcoin price briefly surged to a six-week high as over $330 million in short positions were liquidated across the crypto derivatives market. Technical indicators point to strengthening momentum,
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2148.63, down 0.9% (-20.59) since 4 p.m. ET on Monday. One of 20 assets are trading higher. Leaders: NEAR (+0.4%) and CRO (+0.0%). Laggards: UNI (-4.1%) and SUI (-4.0%).
What if your office has a Monkey King on your team? That’s the idea behind Alibaba’s Wukong AI agent platform, named for Sun Wukong, the mischievous and clever hero of Journey to the West. Launched today, Wukong is an enterprise-focused AI tool designed to coordinate multiple AI agents through a unified interface. According to Alibaba,