In a thread on X, Matt Hougan explained that the large valuations of cryptocurrencies make sense when compared to the massive markets they aim to disrupt. Following surprise from the cryptocurrency community at Bitcoin’s multitrillion-dollar valuation, Bitwise’s CIO took to X to explain the large markets that crypto assets are competing for. Bitcoin and gold
Tron Inc., a TRX treasury company, has been on a sustained downtrend since its mid-June peak. The Nasdaq-listed toy and souvenir manufacturer is down 85% from its June 20 peak of $12.80, according to TradingView data. In September alone, the company witnessed a 55% decline. “The hype is deflating,” Peter Chung, head of research at
MEXC Ventures has doubled down on its investment in the Ethena ecosystem, bringing its total exposure to $66 million, according to a press release shared with CoinDesk. The latest move includes a $14 million investment in ENA, the governance token of the Ethena protocol, building on a $16 million ENA purchase and $20 million acquisition
US regulators are reportedly probing more than 200 firms with crypto treasuries over insider trading. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) raised concerns after observing unusually high trading volumes and sharp stock-price gains in the days before the companies’ announcements. A Regulatory Sweep Recent reports revealed that federal
An exchange-traded fund tracking trillion dollar assets, including tech and crypto-related companies and products, debuted on Tuesday, the latest ETF to give U.S. investors exposure to the fast-growing digital asset and AI space. Miami, Florida-based Defiance ETFs’ Defiance Trillion Dollar Club Index ETF, which trades as TRIL, tracks the performance of the BITA Trillion Dollar
President Donald Trump signed an executive order Tuesday directing the National Institutes of Health to spend $50 million developing AI systems to analyze data related to childhood cancer, in a move the administration said could “fundamentally transform” how young cancer patients are treated in the United States. “The treatments of the future will have the
As October begins, Bitcoin straddles two narratives. The seasonal optimism, the so-called Uptober, leans on historical performance and technical strength. On the other hand, concerns about hidden fragility and whale behavior have some warning that a reset is imminent. The next few weeks may decide whether October becomes another “Uptober” or turns into the dreaded
A new report by fintech analytics firm Rebank explains the potential of RWAs to reshape the financial system. Summary RWAs represent a major shift in how the financial system works Tokenized assets are still small, but their growth is accelerating RWAs are for finance what email is for paper mail, says fintech analytics firm. On
IREN stock price jumped by more than 2% and approached its all-time high after a major $14 billion deal between Meta Platforms and CoreWeave and after a bullish report on AI spending from Citi. Summary IREN stock price soared after a big deal between Meta Platforms and CoreWeave. Meta will buy AI computing power from