Bitcoin price hovers around $114,000 on Wednesday after facing rejection from its resistance level at $116,000. US-listed spot Bitcoin ETFs recorded an outflow of $196 million on Tuesday, continuing its four-day streak of outflows since the end of July. SBI Holdings announced that the company has filed for a dual-asset crypto ETF for BTC and
U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid investor focus on key corporate earnings results. Tariffs remain in focus amid the Aug. 7 deadline. The benchmark S&P 500 opened 0.3% higher and the
Intellistake Technologies Corp. (CSE: ISTK; OTCQB: ISTKF; FSE: E41) has crossed a big milestone today: its own institutional-grade self-custody wallet and validator infrastructure are officially up and running. This puts the company squarely in the driver’s seat for blockchain-based revenue operations, with all the heavy-lifting components now in place. “With our infrastructure now live, we’ve
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies,
REI Network, a decentralized public blockchain, has started a dynamic collaboration with Kima Network, an advanced cross-chain settlement entity. The key objective of the partnership is to deliver seamless settlement across chains. The official social media announcement from REI network asserts that the development intends to bridge diverse blockchains, digital economics, and digital assets. Hence,
In a significant move that highlights the growing convergence of traditional industries and digital assets, ZOOZ Power, a U.S.-listed electric vehicle (EV) charging company, has successfully completed a private funding round. This initial injection of $5 million is specifically earmarked to advance its ambitious Bitcoin treasury strategy. This development follows the company’s earlier announcement on
According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that
Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report