The rapidly-expanding crop of public companies using their stock to accumulate digital asset treasuries ought to trigger lessons from history about the way compounded risks can spread through the financial system and then dramatically unravel, warns a report on the trend by Galaxy Digital. The growth model of Digital Asset Treasury Companies (DATCOs), which now
Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio’s shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of
eToro prepares for a turning point: Yoni Assia, CEO of the platform listed since May on Nasdaq, confirmed in an interview on Fortune the opening towards its own blockchain to support millions of monthly transactions and accelerate the offering of new digital assets such as tokenized stocks on Ethereum. Summary What is eToro’s proprietary blockchain
By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market’s sails. Bitcoin BTC$115,157.25 fell 3% in the past 24 hours, dropping below $115,000, and it’s actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader
US President Donald Trump has once again sharpened his criticism of Federal Reserve Chairman Jerome Powell. Trump, who called Powell a “stubborn fool” in his remarks, said interest rates needed to be lowered urgently and dramatically. “If Powell won’t cut rates, the Fed Board of Governors needs to take control,” he said. Trump’s harsh statement,
In a surprising and significant move, Nasdaq-listed electronics manufacturer Cemtrex (CETX) has boldly announced a $10 million strategic corporate crypto investment plan. This announcement sends ripples through both the traditional finance and digital asset sectors, signaling a growing trend of established companies embracing the cryptocurrency space, often seen as volatile and cutting-edge. What Exactly is
In the fast-paced world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, even the most prominent figures are not immune to market fluctuations. Recently, attention has turned to Jeffrey Huang, a Taiwanese singer and influential figure in the NFT space, better known as Machi Big Brother. Reports indicate
Spheron Network, a famous decentralized compute platform, has partnered with Warden Protocol, a cutting-edge L1 blockchain to offer intelligent, AI-native applications. The collaboration is mainly focused on conducting a joint interactive campaign via Galxe, a well-known Web3 identity and credential platform. As per Spheron’s official announcement, the campaign takes into account several rewards and quests
In the unpredictable world of cryptocurrency, fortunes can be made and lost in the blink of an eye. For seasoned Hyperliquid trader James Wynn, the recent market movements have led to another significant blow, specifically concerning his PEPE trading losses. This latest setback adds a staggering $1 million to his already substantial record of losses,
U.K fintech company Valereum Plc is raising funds to establish its Bitcoin treasury reserve, following many other companies that have jumped on the BTC band wagon. Summary Valereum Plc plans to raise £500,000 to purchase BTC for its reserve strategy. Its stock price dipped 4.35% following news of the BTC treasury, unlike past corporate BTC