Hudson River Trading signed a multiyear agreement worth billions of dollars with CoreWeave to expand the computing infrastructure used for its trading research and models. The agreement builds on an existing partnership between the companies and represents a material expansion of their relationship, CoreWeave Chief Revenue Officer Jon Jones told Bloomberg. He declined to disclose
Bitcoin ($BTC) saw multimonth highs after Thursday’s Wall Street open while stocks dipped and bond yields rebounded on US-Iran war nerves. Key points: Bitcoin builds on its highest levels in 11 weeks to hit $72,500 on Bitstamp. US bond yields see volatility after president Donald Trump threatens “economic warfare” with Iran. Bitcoin market participants question
Franklin Templeton is preparing to use tokenized assets inside conventional investment funds after receiving SEC staff relief allowing its funds to invest in shares of its blockchain based money market fund. The SEC Division of Investment Management said in an August 12 no action letter that it would not recommend enforcement action against Franklin funds
Legendary futures trader and head of Factor LLC Peter Brandt has opened a long position in Bitcoin, completely reversing his previous market outlook. The change in his trading strategy was prompted by a decisive technical breakout from a rare chart pattern that pulled the cryptocurrency out of a prolonged downtrend. Recently, falling prices had dominated
Happy Thursday, advisors! In today’s newsletter, Laurie Rosini, partner at McDermott Will & Schulte, explains why banks are moving deposits on-chain via permissioned environments. Then, in “Ask an Expert,” Morva Rohani breaks down the differences between stablecoins and tokenized deposits. Happy reading. – Sarah Morton Tokenized deposits are going on-chain — but they won’t be
Bitcoin BTC$71,936.32 may be moving closer to forming a “golden cross”, a technical pattern commonly interpreted as a bullish long-term momentum signal. The pattern would emerge if bitcoin’s 50-day simple moving average (SMA), currently at $63,976, continues to rise and crosses above its 200-day SMA, currently at $69,005. The potential crossover comes as bitcoin trades
Beldex, a privacy-focused blockchain infrastructure company, has raised $8 million in a new funding round, bringing its total capital raised to $36 million. The company is working on encryption tools aimed at artificial intelligence agents alongside its existing suite of privacy products. The round was led by Sigma Capital, with participation from NTC, Nxgen, Digital
Intercontinental Exchange has signaled it may put more money into Polymarket’s next funding round after building a $1.64 billion stake in the prediction market platform. Bloomberg reported Thursday that ICE Chief Executive Officer Jeff Sprecher said the New York Stock Exchange parent would consider participating if its involvement could help Polymarket complete the round. “We’ll
August is already shaping up as a record-setting month for dormant bitcoin spends. It opened with the Coldcard incident, where nearly 2,000 $BTC were stolen from hardware wallets running faulty firmware. The latest wave of sleeping bitcoin, however, is not associated with the stolen funds but likely instead reflects old-school holders quietly moving coins to
In a notable shift in U.S. equity market activity, Strategy (MSTR), the Bitcoin treasury company formerly known as MicroStrategy, has climbed to 17th place in trading volume rankings, surpassing tech giant Google (GOOG). The data, compiled by BitcoinTreasuries.net, highlights the growing investor interest in companies with significant Bitcoin holdings. Market Activity and Investor Sentiment Trading