Laser Digital, the digital assets arm of the Japanese financial services firm Nomura Group, has made a strategic investment in ZIGChain, a UAE-based Layer1 blockchain that also works with Standard Chartered and cryptocurrency-friendly fund servicing giant Apex Group. The exact size of Laser’s investment was not revealed, but it’s understood to be in the high
Galaxy Digital (GLXY) shares are lower by a bit more than 5% in pre-market action after reporting quarterly results. Galaxy’s $85 million net loss narrowed from $216 million in the first quarter, while its diluted and adjusted loss narrowed to $0.09 per share from $0.49. Street forecasts had been for a loss of $0.28 per
Yellow Card said it raised $40 million in strategic equity funding to expand its stablecoin payment infrastructure offering, betting that banks will increasingly use blockchain technology to move dollars across borders. The round included SC Ventures, Standard Chartered’s venture arm, Sony Innovation Fund, Polychain Capital and Blockchain Capital. It brings Yellow Card’s total equity financing
SpaceX shares fell 11% in pre-market trading Wednesday as investors looked past a stronger-than-expected first earnings report and toward heavy capital spending and a major insider-share unlock due Thursday. Revenue rose 92% from a year earlier to $7.8 billion, beating Wall Street estimates, while adjusted EBITDA nearly tripled to $3.5 billion. The company narrowed its
Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode Bitcoin ($BTC) is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday. Key points: 45 Bitcoin price metrics tracked by Glassnode are in their longest “capitulation” phase since the collapse of FTX in late 2022.
Bank reserves fell $77.579 billion on a weekly-average basis last week ending July 29. Days later, the US Treasury borrowing estimate for July through September rose by $68 billion. The overlap puts Bitcoin’s liquidity setup under scrutiny. Several forces moved across the Fed’s balance sheet, blurring any direct line from Treasury cash to the reserve
As the Bitcoin network debates the fate of BIP-110, a proposal aimed at curbing non-monetary data on the blockchain, developer Chris Guida has taken proactive steps to prepare a contingency plan. Guida has reworked the 2017 proof-of-work (PoW) change code to be compatible with the latest version of Bitcoin Knots, a full-node implementation, according to
There’s an old saying that “every coin has two sides.” It applies perfectly to the multimillion-dollar hack of the hardware wallet Coldcard that began on July 30 and is still in progress. On one hand, the hack raised questions about the safety of taking direct custody of coins in hardware wallets as a long-term holding
Circle (CRCL) shares rose about 10% in premarket trading Wednesday after the stablecoin issuer reported second-quarter earnings that topped profit expectations, even as revenue came in slightly below Wall Street forecasts. The company posted adjusted earnings of 18 cents a share, beating analysts’ consensus estimate of 16 cents, while revenue and reserve income rose 7%
Circle has unveiled the founding institutional validators for its Arc blockchain network as it prepares for a Sept. 16 public mainnet launch, according to a Wednesday press release. Advertisement The company also announced major institutional integrations, with BlackRock expected to deploy its BUIDL fund on Arc and DTCC collaborating on tokenized asset infrastructure tied to