CoreWeave (CRWV) saw its shares surge nearly 6% in premarket trading on Wednesday after announcing a multi-year agreement to support inference operations for Perplexity, an emerging AI-driven search engine backed by Jeff Bezos and Nvidia. As part of the deal, CoreWeave will become a key backend cloud partner for Perplexity AI. The company will run
Key takeaways Geopolitical tensions in the Middle East are affecting oil prices, impacting industries reliant on oil. The volatility index rising while markets remain flat suggests a bullish outlook. Bitcoin shows resilience, indicating a potential market bottoming. Liquidity returning to markets is crucial for risk assets like Bitcoin. The strategic importance of the Strait of
Key takeaways The evolution of crypto interest shifts from financial gain to technological potential. Crypto plays a crucial role in enabling AI agent payments infrastructure. AI significantly enhances coding efficiency and is more reliable than often perceived. Open claws have the potential to operate businesses autonomously. Building a business on token speculation is not sustainable.
Welcome to our institutional newsletter, Crypto Long & Short. This week: Martin Gaspar on how bitcoin looks to overcome quantum fears, echoing past climate backlash Top headlines institutions should pay attention to by Francisco Rodrigues Aave’s revenue multiples hit 2024 lows despite higher prices in Chart of the Week Thanks for joining us! -Alexandra Levis
After weeks of steady withdrawals, investors are beginning to allocate fresh capital to U.S. spot bitcoin exchange-traded funds (ETFs). The shift follows a difficult start to the year for the products. From mid-October, when bitcoin’s price began its downfall, through late February, spot bitcoin ETFs recorded cumulative outflows of about $9 billion, according to data
Network News NEW SCALING PLANS FOR ETHEREUM: Ethereum co-founder Vitalik Buterin published a blog post on X outlining his latest vision for scaling the blockchain, arguing the network can boost capacity in the near term while laying the groundwork for a longer-term shift to advanced cryptography and>in which much of the ecosystem’s scaling strategy centered
Bitcoin surpassed $73,000, reaching its highest value in recent weeks, driven by increasing resilience in the cryptocurrency markets and strong capital inflows into US spot Bitcoin ETFs. Despite geopolitical tensions in the Middle East, optimism in the market has increased demand for digital assets. According to market data, Bitcoin rose approximately 8% during the day,
Chainlink CCIP and oracle services were selected by $ADI Foundation to serve the Digital Dirham stablecoin and tokenized assets on $ADI Chain. The partnership aims to achieve secure cross-chain connectivity for more than 1 billion users across MENA, Africa, and Asia. Chainlink and the Abu Dhabi-based $ADI Foundation have signed an agreement to tokenize real-world
One of America’s biggest banks, Morgan Stanley, has upped the ante in its push to launch a spot Bitcoin ETF product. As of March 4, the firm has filed an amendment to its earlier Form S-1, naming its latest custody partners. Morgan Stanley joins Bitcoin ETF bandwagon The banking giant first filed for the Morgan
Bitcoin, the first and largest cryptocurrency by market capitalization rose above $71,000 on Wednesday, gaining more than 9% in 24 hours and leading broad advances in major cryptocurrencies. Crypto markets rebounded on Wednesday, recovering from a prior sell-off and shaking off earlier pain in other asset classes. Bitcoin rallied nearly 9% to reach $71,928, its