Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual recurring revenue has quadrupled over the past three years, according to an announcement Wednesday. The
Bitcoin ($BTC) struggled below $80,000 on Wednesday as attention refocused on the Japanese yen. Key points: Bitcoin saw further macro headwinds as US-Iran strikes pushed Brent crude oil above $100 per barrel. The Japanese yen continued to trade around 153 per dollar, its highest levels since February as yen shorts stayed near record highs. US
Robinhood CEO Vlad Tenev pushed back against AMC Entertainment CEO Adam Aron, who last week accused the trading platform of creating a “fake market” for AMC shares and threatened to involve the U.S. Securities and Exchange Commission. Tenev argued that once a company’s shares are publicly traded, it cannot control every financial product built around
Jiang Zhuoer, one of China’s most well-known cryptocurrency miners and the founder of BTC.TOP, has offered his current assessment of Bitcoin. Bitcoin Analysis from Jiang Zhuoer! Jiang Zhuoer, in a post from account X, stated that Bitcoin’s current uptrend has not yet ended, but a significant correction in the market may be on the horizon.
Stablecoin issuer Tether is pushing into private credit with Fasanara Capital, putting $400 million behind a new fund that plans to use its $USDT token to move money to lenders worldwide. The two firms are backing StableFund, an evergreen private credit vehicle that aims to raise as much as $3 billion from outside institutional investors,
U.S. financial giant U.S. Bank has successfully completed the first live pilot of its USBDC stablecoin, moving real money between its U.S. and European branches through the public Stellar (XLM) blockchain. The bank chose not to create an isolated private network, proving that large amounts of capital can be transferred securely over open rails. Major
A rare on-chain signal has appeared in the cryptocurrency market that, at first glance, looks like a deep crisis but has historically foreshadowed the end of a prolonged decline and a global trend reversal. According to ‘Crypto Dan’ from analytics platform CryptoQuant, even the most resilient large investors have begun selling Bitcoin at a loss
MARA Holdings surged even as Bitcoin declined below $80,000, creating a rift from what investors would typically expect from a crypto miner’s price move. The answer to why such a move in price is being seen could be the investors’ reaction towards the change from mining to wider aspects. MARA has lost some gains already,
Bitcoin and Ethereum developers are accelerating work to protect their networks from a future quantum computer capable of breaking the cryptography that guards crypto wallets, just as Washington starts putting serious money behind the machines that could one day do it. The U.S. Commerce Department on Tuesday finalized a CHIPS Act award worth up to
Happy Wednesday, This is your institutional newsletter, Crypto Long & Short. This week: The dollar leads the euro about 3 to 1 offchain and more than 300 to 1 onchain. Ryan Connor of RockawayX on what has kept euro capital out, and what is finally changing Top headlines institutions should pay attention to by Francisco