Nakamoto Holdings, the Bitcoin treasury firm led by Bitcoin Magazine CEO David Bailey, has seen its stock collapse by over 98% since its May high after a wave of investor selling linked to its $563 million private investment in public equity (PIPE) deals. The company, which merged with Utah-based healthcare operator KindlyMD earlier this year,
Story Highlights Avalon Labs launches an on-chain AI marketplace and introduces a new Commercial Rights Tokenization (CRT) standard on BNB Chain. The platform enables AI-Model-as-a-Service, letting users rent, train, and monetize AI models securely on-chain. Backed by YZi Labs and Framework Ventures, Avalon aims to bridge AI, DeFi, and real-world asset tokenization. Avalon Labs has
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3615.74, down 2.6% (-97.82) since 4 p.m. ET on Wednesday. None of the 20 assets are trading higher. Leaders: HBAR (-0.6%) and BCH (-0.7%). Laggards: UNI (-7.0%) and NEAR
Major US investment bank JPMorgan has reportedly tokenized a private-equity fund on its own blockchain platform, rolling out the tokenized product to its high-net-worth clients. JPMorgan plans to tokenize assets, such as hedge funds, through its upcoming fund tokenization platform, Kinexys Fund Flow, The Wall Street Journal reported on Thursday. “For the alternative investments industry,
Flutterwave, one of the largest payments firm in Africa, has tapped Polygon Labs to make cross-border payments faster and cheaper with blockchain rails, the firms said on Thursday. The tie-up will embed the Polygon (POL) network as the default plumbing under Flutterwave’s new, stablecoin-based payment system, according to a press release shared with CoinDesk. The
Famous economist Peter Schiff, one of the staunchest supporters of gold, has once again targeted Bitcoin. Schiff, who has long argued that Bitcoin has no value, criticized Bitcoin’s value model in his latest post from his X account. Schiff argued that the BTC price is driven purely by speculative beliefs rather than intrinsic value. According
The US Federal Reserve (FED) announced its critical interest rate decision last night. While the 25 basis point cut was in line with expectations, FED Chair Jerome Powell maintained a hawkish stance. Powell said most Fed officials want to delay rate cuts. He noted that after two consecutive rate cuts, some members are inclined to
Several crypto industry leaders and company heads will be heading to the UAE for events scheduled to take place in early December, according to Binance founder Changpeng Zhao. In an X post on Thursday, Zhao mentioned four events set to take place in the Middle East country, including Binance Blockchain week in Dubai, Abu Dhabi
Bitcoin price today trades near $110,100, slipping after reports that BlackRock sold roughly 18,000 BTC worth $2 billion following President Trump’s new trade deal with China. The sale coincided with fresh weakness across the crypto market as traders reacted to the Federal Reserve’s smaller-than-expected 25bps rate cut and Powell’s less dovish tone. BTC Netflows (Source:
Story Highlights Gralinghouse said crypto remains in its early phase since no single approach or framework dominates the space yet. He firmly believes that the next sixteen years will be about growth and real utility in crypto Ammous explained that Bitcoin is like digital gold, but better for today’s global economy At the recent Future