Bitcoin, the leading cryptocurrency, experienced a series of negative developments this week. Despite these setbacks, $BTC managed to hold above the critical $76,000 level. This is considered a positive signal for $BTC’s upward trajectory, with Matthew Sigel from VanEck stating that Bitcoin will reach $100,000 next year. VanEck Predicts Bitcoin to Reach $100,000! Matthew Sigel,
CrusoeAI has made headlines with a fresh $25 million investment from Robinhood Ventures Fund I as part of its Series F funding round. This significant capital infusion suggests strong confidence in CrusoeAI’s business model and growth trajectory. As reported by Robinhood, this move positions CrusoeAI for potential expansion in the evolving crypto landscape. What Went
Chainlink is experiencing a surge in community engagement and strategic upgrades, positioning itself as a key player in digital finance. Recent developments include discussions around Base stocks and new integrations with TickerYardHQ, enhancing its trading functionalities. This collaboration is likely to attract more users and bolster Chainlink’s market presence, as noted by discussions in the
Crypto asset management company Grayscale assessed that the impact of the US Federal Reserve’s (Fed) recent interest rate hike on the cryptocurrency market may be limited. The company viewed this move as an interim adjustment within the current economic cycle, noting that it does not signify the beginning of a new interest rate cycle. Grayscale
Spot Bitcoin ETFs in the US recorded net inflows again on September 17th. According to SoSoValue data, a total net inflow of approximately $159.45 million was recorded into these investment instruments. Thus, Bitcoin ETFs saw positive fund flows again after a one-day hiatus. The largest inflow of the day occurred in BlackRock’s IBIT fund, with
Stablecoin payments firm dtcpay announced today the formal completion of its $25 million Series A funding round, securing a strategic investment from Japan’s financial giant, the SBI Group. The capital raise, initially anchored earlier this year by Vertex Ventures Southeast Asia & India, concluded with SBI entering the fold through SBI Ventures Asset and the
Publicly listed companies are showing little appetite for bitcoin $BTC$77,392.70 , suggesting that a key source of demand behind the 2024–25 bull market remains weak as the cryptocurrency attempts a sustained rebound. Those firms have added only about 5,900 $BTC over the past three months, according to Glassnode, a fraction of last year’s pace. Nasdaq-listed
U.S. spot ether exchange-traded funds recorded roughly $39 million of net outflows on Thursday, a third consecutive day of withdrawals after about $224 million left on Wednesday and $141 million on Tuesday, according to SoSoValue. Ether itself rose 2% to about $2,470 over the same stretch. $XRP funds lost about $5 million, reversing a small
S&P Global agreed to acquire smart contract security firm OpenZeppelin, expanding its digital asset business into the technology underpinning tokenized finance. On Sept. 17, the financial data and ratings company said that OpenZeppelin will continue operating under its own name as a separate business unit. Chief Executive Demian Brener will remain in charge and report
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points on Friday, lifting it to 1.25%, the highest level in 31 years, as it battles sticky inflation and a chronically weak yen. The move marks the central bank’s second hike in three months and comes weeks after U.S. Treasury Secretary Scott