Michael Saylor has just turned a meme into a business statement. The Strategy CEO posted an AI-generated video of himself blasting off with a jetpack and landing on the moon, with the caption perfectly characterizing this entire action. In the world of crypto, “to the moon” has always been a way of saying that prices
Real-world asset specialist Centrifuge has launched what it calls the first licensed S&P 500 index fund on blockchain rails, opening one of the world’s most recognized equity benchmarks to on-chain investors. The Janus Henderson Anemoy S&P 500 Fund, dubbed SPXA, went live on Thursday on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase.
Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin, USDC, according to a report from the Financial Times. The firm’s considerations would stray from the concept of immutablity—one of blockchain’s foundational premises that does not allow for finalized transactions to be modified—but potentially catalyze the intertwinement of stablecoins
Bitcoin has been hovering above$111,000 a day ahead of new U.S. inflation data that will play a big role in determining whether the Federal Open Markets Committee lowers interest rates for a second time in 2025. Three analysts with whom Decrypt spoke differ about how the largest asset by market capitalization might respond. Bitcoin was
Bitcoin has risen about 350% since the ETF filings two years ago, as Bloomberg ETF analyst Eric Balchunas called attention to in a recent tweet. The Bloomberg analyst was reacting to a crypto user who seemed to downplay Bitcoin’s rise since spot ETF filings were filed two years ago. Balchunas explains what Bitcoin’s 350% rise
Treasury companies have all slid from their all-time highs. BTC buying is having a disparate effect on corporate buyers, and often those with smaller treasuries end up losing the most. Buying BTC is not a universal benefit to treasury companies. Some of the smaller recent buyers, which added BTC to their balances for exposure, have
Stephen Miran, known for his closeness to US President Donald Trump and nominated for the Fed board, was confirmed by the Senate just a few days before the critical Fed interest rate decision. Miran was recommended by Trump to replace Adriana Kugler, who left the Fed abruptly in August, on the board. While it was
Vienna — USPD, a new type of yield-bearing stablecoin designed to be unstoppable and fully transparent, has officially gone live on Ethereum mainnet with its first minted tokens. The launch is backed by a $1.5 million pre-seed round led by legendary investor Tim Draper, alongside Gateway Ventures and Zelda Ventures. — USPD, short for United
Cache Wallet has declared an official strategic alliance with LERAX, an EVM-compatible Layer 1 blockchain. The partnership is intended to enhance real-life asset (RWA) tokenization and provide greater protection to users and an effortless onboarding onto the Web3 realm. Such a move signifies the increased significance in the arena of secure and friendly tokenization of
Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. Alongside, initial