Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos were among the investors that participated in the round, the company said Wednesday in a statement shared with Cointelegraph. Trace Finance provides banking, foreign exchange and stablecoin settlement infrastructure for
Crypto infrastructure provider BitGo’s (BTGO) shares jumped as much as 20% on Wednesday after the company announced a $50 million share buyback program to support a stock that has struggled since its public debut earlier this year. The initiative allows the company to repurchase up to $50 million of its common stock, about 8% of
Sony, best known to many consumers for PlayStation, music, and film, has been backing and co-developing a public blockchain through Sony Block Solutions Labs since Soneium’s mainnet launch in January 2025. Soneium is an Ethereum L2 that has facilitated more than 500 million transactions to date, all while boasting 5.4 million active wallets and upwards
Federal Reserve Chair Kevin Warsh is heading the central bank’s two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshape the central bank. Markets are fully expecting the Fed to leave its benchmark fed funds rate range unchanged at 3.50%-3.75%. Bank of America,
Mexican billionaire Ricardo Salinas Pliego, whose net worth is estimated at roughly $5 billion, is a bitcoin maximalist. He is so convinced that bitcoin is the best long-term investment that he holds 70% of his investment portfolio in the digital asset, believing that traditional fiat currencies are destined to lose purchasing power over time. The
Most people holding Strategy’s 11.5% dividend-paying STRC, are making a strange bargain with the company; that on monthly snapshot days, the stock will trade near the company’s intended $100 share price. In between those dates, however, STRC invariably wanders downhill. Indeed, it closed yesterday at $91.79, 8.2% below its target. Strategy persuades buyers to take