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,
Chainlink is gaining a broader role in finance through projects with commercial lenders, central banks, and cross-border settlement networks. Its work with Swift, Deutsche Börse, and FTSE Russell shows growing use in tokenized assets and onchain market data. Chainlink has widened its footprint across commercial banks, central banks, exchanges, and market infrastructure providers. In a
Mastercard announced Tuesday an agreement to buy BVNK, a stablecoin infrastructure company, for up to $1.8 billion, including $300 million in contingent payments. The deal expands Mastercard’s end-to-end support of digital assets and value movement across currencies, rails and regions. U.K.-based BVNK describes itself as the stablecoin-powered financial stack for enterprises, which moves money in
UK-based software enterprise Smarter Web Company has made a strategic move to bolster its Bitcoin investment strategy by repurchasing and canceling three million pre-IPO share options. This decision is expected to enhance their financial metrics and improve shareholder value, marking a pivotal moment for the company’s operational and fiscal landscape. Contents Why Did They Opt
Strategy founder Michael Saylor made a noteworthy assessment of Bitcoin amid discussions about the impact of AI technologies on the global economy. Saylor described Bitcoin as “digital capital resilient to AI-driven transformations.” Saylor’s remarks came in response to comments from technology investor and former Meta Platforms executive Chamath Palihapitiya, who suggested that artificial intelligence could
S&P 500 financial stocks are off to a bad start on Tuesday, March 17, forming the first Death Cross since October 2023. What that means is that the stocks’ short-term moving average (MA) has crossed below its long-term trend line, which signals weakening momentum and growing downside risk. While Death Crosses are often viewed as
Dtcpay funding raises US$10 million in Series A to expand compliant digital payments in Europe, detailing licensing, Visa tie-up, strategy. Backed by strategic capital and fresh regulatory approvals, Singapore-based dtcpay funding is set to accelerate the rollout of compliant digital payment solutions across Europe and key global markets. Series A round and strategic backers Digital