A key theme this month is not just that bitcoin $BTC$64,577.89 isn’t taking part in the risk-on rally exemplified by stocks, it’s how steady the cryptocurrency has been, to the point that 30-day implied volatility has dropped to a long-held floor of 36%. More often than not, low volatility is taken as a sign of
The leading cryptocurrency, Bitcoin, has shown renewed upward momentum in recent days. At this point, with $BTC once again surpassing $65,000, new assessments for $BTC have come from Jiang Zhuoer, the founder of the China-based mining pool $BTC.top. Accordingly, Chinese founder Jiang Zhuoer argued, based on Bitcoin’s historical four-year cycle, that the current correction has
Regulators Write the Rulebook Early The emirate’s Financial Services Regulatory Authority, or FSRA, has licensed virtual asset activity since 2018 through the Abu Dhabi Global Market, a financial free zone with its own courts built on English common law. That early start gave firms a rulebook years before many other jurisdictions caught up. Not every
Sandisk (SNDK) and Western Digital (WDC), two of the biggest beneficiaries of the AI storage boom, were both 10% lower in pre-market trading Thursday, despite reporting strong quarterly results. Sandisk posted record fourth-quarter revenue of $8.97 billion and non-GAAP EPS of $39.25, comfortably beating expectations. Western Digital also delivered a double beat, reporting revenue of
Agents Move From Answering to Acting Kenneth Shek is the Project Lead of Moca Network and Director of Projects Management at Animoca Brands. Shek’s argument begins with a simple prediction: Artificial intelligence (AI) agents will stop behaving like passive AI chatbots and start acting as digital representatives. “The way I think about this is very
Taurus completed an 18-month integration of Hedera on Aug. 5, giving banks and regulated financial institutions access to custody, staking, token issuance, node infrastructure and smart contract deployment through one provider. The Hashgraph Association said the final phase added Hedera smart contract support to the Taurus platform. The rollout is available across Taurus-PROTECT, Taurus-EXPLORER and
Marex Group, a Nasdaq-listed financial services firm, has invested an undisclosed amount in institutional crypto infrastructure provider Digital Prime Technologies, underscoring traditional finance’s growing interest in digital asset markets. The companies announced Wednesday that the investment will support the continued development of Tokenet, a digital asset lending and borrowing platform built by Digital Prime in
JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin. The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn. New investors in the latest round
Cryptocurrency asset management company Hashdex announced its decision to close and liquidate the Hashdex Bitcoin ETF (NYSE Arca: DEFI), which was traded in the US. With the completion of this decision, DEFI will be the first spot Bitcoin ETF to be shut down in the US. According to documents the company filed with the U.S.