TermMax, a fixed-rate lending protocol developed by Term Structure Labs, announced on Aug. 26 that it has secured a strategic investment from YZi Labs, formerly known as Binance Labs. The company did not disclose the investment amount, but the funding is part of a broader partnership that includes TermMax’s selection for YZi Labs’ ‘E이지 레지던시
AI-based education company Genius Group has announced a long-term plan to acquire $827 million worth of Bitcoin by 2031, according to data from BitcoinTreasuries. The company intends to fund these purchases through a preferred share issuance, a move that signals a renewed commitment to cryptocurrency after it liquidated its entire Bitcoin holdings earlier this year.
In brief Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. The Fed’s Jackson Hole symposium opened today under the theme “Financial Innovation: Implications for Payments and Policy,” with new Chair Kevin Warsh’s keynote due Friday. The charts are signaling overbought conditions for $BTC, even as the
Shares of Strive, the asset management firm known for its strategic Bitcoin acquisition approach, have climbed above $24, marking a 110% gain over the past month. The stock added roughly 12% during the latest trading session, reflecting renewed investor enthusiasm for companies with direct cryptocurrency exposure. What’s Driving the Rally? The surge comes as Strive
Bitcoin ($BTC) rebounded toward $81,000 around Thursday’s Wall Street open as Nvidia earnings boosted US stocks. Key points: Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to crypto and US equities. Expectations are running high ahead of Fed chair Kevin Warsh’s keynote speech at the Jackson Hole economic symposium on Friday. Bitcoin
Bitcoin’s August rally has revived some of the mining sector’s most beaten-down stocks, reversing a trend that has favored miners pivoting toward artificial intelligence and high-performance computing and suggesting investors may once again be rewarding direct exposure to Bitcoin. In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that Bitcoin’s ($BTC) roughly 23% rally over
Ripple is expanding its institutional trading business into U.S. equities through a new Delta One offering on its Ripple Prime platform. The company said Thursday that Ripple Prime’s Delta One business is now live. Institutional clients have gained the ability to trade total return swaps tied to the U.S.-listed stocks, equity indices and digital assets.
Leading asset management firm BlackRock has consistently topped up its Bitcoin holdings in recent days, following the major price breakout the broader crypto market saw last week. Although the rapid surge in the price of Bitcoin has slowed, its bullish momentum still remains intact as both retail and institutional traders continue to show interest. Bitcoin
RQD* Clearing, a U.S. firm that handles the plumbing behind stock and options trading, has raised $74 million as it looks to expand into digital assets and prepare its infrastructure for a financial market increasingly moving onchain. Bain Capital Tech Opportunities, the tech-focused arm of private investment firm Bain Capital, led the minority investment, with
Payment channels similar to Bitcoin (BTC) Lightning are coming to Cardano (ADA) by means of a new state channel architecture dubbed Cardano Lightning. Currently in pre-production deployment, the system was presented in detail during an August 24 Cardano Community livestream featuring PolyCrypto software engineer Ilja von Hoessle. At its core, Cardano Lightning consists of bidirectional