Stablecoin-focused digital bank Fasset said Monday it has raised $68 million in a funding round led by Japan’s SBI Group, valuing the company at $1 billion just three months after its previous financing. The investment follows a $51 million round in May, bringing Fasset’s total funding this year to $119 million. Early backer Speedinvest and
Bitcoin eased to just above $77,100 in Asian morning hours Monday, down marginally on the day but up over 21% on the week, as traders held off ahead of Federal Reserve Chair Kevin Warsh’s first Jackson Hole address. Warsh speaks at Jackson Hole this week in his first appearance there as chair, with traders looking
This week, the crypto market is gearing up for an information-rich week, as a number of key U.S. economic indicators are expected to shape Fed policy expectations. Bitcoin and other risk assets may see more volatile movement as investors evaluate inflation, economic growth and labor market conditions.
Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using Canton, as reported by Cointelegraph. Inside the RISE program The RISE program is expected to launch in the first quarter of 2027
ARK Invest’s founder says Wall Street analysts do not understand the stablecoin issuer’s business model. Cathie Wood has kept buying Circle shares through a steep decline, according to reports from BeInCrypto and Yahoo Finance. The stock has dropped 42% from earlier levels this year. Wood, founder of ARK Invest, said Wall Street analysts covering Circle
ZK International said it received 205,512.5 AWA tokens on July 30 to settle a $20.02 million equity-financing receivable, but disclosed that the tokens remained unmonetized and their receipt-date fair value was unresolved. The update matters because management’s going-concern doubt persisted while the company depended on turning accounting assets into usable liquidity. At March 31, ZK
Peter Schiff has argued that the rise of artificial intelligence is not a bullish development for Bitcoin, pushing back against attempts to link the cryptocurrency to the booming AI sector. In an Aug. 23 post on X, Schiff said Bitcoin advocates were trying to associate the asset with AI in the hope that investors would
ECX Blasts Through 25,000 Blocks in 13 Hours Bitcoin’s latest fork has kicked off its Alpha stage, with Drivechain creator Paul Sztorc’s ECX network going live at block height 963648. As of 9 a.m. Sunday, Aug. 23, the new network had already ripped through more than 25,000 blocks in barely 13 hours. Block intervals have