Billionaire venture capitalist Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies, a crypto infrastructure firm led by Tom Lee, founder and CIO of Fundstrat, according to a new SEC filing. Thiel, who reported shared voting and dispositive power over 5,094,000 shares, joins a growing list of institutional backers eyeing crypto-native companies not
MetYa, an innovative platform in the AI-led SocialFi sector, has announced its new partnership with Conflux Network, a well-known regulatory-compliant blockchain in Asia. The collaboration denotes a notable move toward the establishment of an AI-led, compliant, and scalable ecosystem for advanced decentralized social entities. The platform provided the details of this development in a recent
Bitcoin’s rally past $123,000 this week is being driven by a surge in institutional demand, with spot ETF inflows topping $4 billion in July alone. The price jump, from $105,000 at the start of the month to a record high on Monday, reflects growing confidence from both retail and institutional investors. The total market cap
Data shows Bitcoin’s retrace below the $117,000 level came right after a major spike in social media chatter, often a contrarian signal. Bitcoin Social Dominance Saw A Huge Spike As BTC Crossed $123,000 In a new post on X, the analytics firm Santiment has shared how social media users reacted to the latest Bitcoin price
“No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is payable on demand.” — Section 11(b) of the Banking Act of 1933 Money market funds — the world’s most boring financial product — terrified bankers as soon as they started to catch on in the 1970s.
Kadena, a popular public L1 blockchain using Chainweb architecture for DeFi protocol deployment, RWA tokenization, and AI-led application integration, has issued a new report examining RWA tokenization standards. In its report, Kadena has categorized ERC-3643 as the top compliance-ready standard for real-world asset (RWA) tokenization. Additionally, the report also emphasizes the significant requirement for efficient,
The US housing sector may be moving toward recognizing crypto in mortgage underwriting, but Redfin’s chief economist urges caution. Daryl Fairweather warned that crypto poses risks traditional finance models may not fully capture, pointing to volatility, custody concerns, and cyber threats. “There are unknown risks in crypto that maybe will not be fully accounted for,”
California Governor Gavin Newsom has launched a new initiative called the “California Breakthrough Project” to increase efficiency in public services and strengthen public-private partnerships. According to FOX Business reporter Eleanor Terrett, senior executives of leading cryptocurrency companies such as Ripple, Coinbase and MoonPay were also invited to the project. The project’s working group held its
The crypto market is maturing and diversifying thanks to improved regulatory clarity and increasing demand from traditional financial institutions, says trading firm and over-the-counter (OTC) desk Wintermute. In its 1H 2025 OTC Market Report, the firm detailed the changes in the crypto trading market. The report highlighted a growing divergence between institutional investors and retail