The crypto market is eagerly waiting for the upcoming US PCE inflation data, amid soaring bets over potential rate hikes by the US Federal Reserve. According to the latest reports, the US Fed is expected to raise the policy rate three times this year, which has already weighed on the investors’ sentiment.
Strive Inc. (NASDAQ: ASST) bought 759 Bitcoin between June 15 and June 21 at an average price of $65,850 per coin. The firm spent roughly $50 million to push its total holdings beyond 19,800 $BTC, according to an 8-K filing disclosed on June 22. Is Strive’s latest $BTC purchase cheaper than its previous? The per-coin
Amid recent months of market volatility, Bitcoin [$BTC] Long-Term Holders (LTH) continued accumulating supply. LTH supply rose to its all-time high of 16.64 million $BTC, accounting for approximately 83% of the total circulating supply. That is noteworthy given that as of now, the Bitcoin price remains below previous cycle highs. In other words, the majority
Switzerland-based Web3 development platform Enso has launched a real-world asset (RWA) application offering access to more than 500 tokenized assets through integrations with xStocks, Ondo Finance and Anchorage Digital’s Porto. Through Enso’s execution layer, users can access tokenized stocks, ETFs, Treasurys, commodities and stablecoins. Ondo will provide tokenized equities, treasury products and capital markets infrastructure,
Key takeaways Bitcoin ($BTC), Ethereum (ETH), and $XRP are starting the week on a more stable footing after last week’s declines. $BTC is trading above $64,000 but remains below major moving averages, keeping the broader trend bearish. Crypto market opens new weekly candle with signs of stability Bitcoin, Ethereum, and $XRP are showing resilience at
Franklin Crypto, the newly established digital asset division of Franklin Templeton, has launched following the completion of the firm’s acquisition of 250 Digital, an active crypto investment management firm led by industry veterans Christopher Perkins and Seth Ginns. 250 Digital was established in January after being spun out of CoinFund. The acquisition was first announced
Crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures as the company looks to expand beyond digital asset trading. The round valued Fomo at $550 million and included participation from Union Square Ventures and existing investor Benchmark. Angel investors included Zynga cofounder Mark Pincus, Discord CEO
Micron shares rose about 4% to a new all-time high Monday after the memory chipmaker announced a broad strategic agreement with Anthropic aimed at scaling the infrastructure used to train and operate Claude. The partnership covers the design of memory and storage architecture, a supply agreement, the deployment of Claude across Micron and a strategic
Federally chartered crypto bank Anchorage Digital is rolling out infrastructure that allows banks to issue tokenized deposits, joining a growing effort by financial institutions to bring traditional bank money onto blockchain networks. The bank said on Monday that its new platform will help banks to offer round-the-clock payments and settlement services using blockchain technology without
As talks between the US and Iran begin in Switzerland, positive statements are coming from both sides. The latest move has come from the US. According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products. Accordingly, the US