The precious metals rally shows no signs of letting up, while bitcoin BTC$89,880.52 and the broader crypto market remain stuck on the sidelines. Gold rallied another 1.7% to hit $4,930 per ounce on Thursday, while silver added 3.7% to $96 per ounce. Bitcoin, meanwhile, slumped back to just above $89,000, roughly 30% below its all-time
After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis. In a note shared with Cointelegraph, Xue said that while stablecoin regulation has advanced, tighter
Bitcoin Payments Startup ZBD Raises $40M to Build Gaming Payments Rails Bitcoin payments startup ZBD has raised $40 million in a Series C funding round as it looks to expand blockchain-based payment infrastructure for the video game industry, Fortune reported. The New Jersey–based company, which provides payments software for game developers, was led in the
Elon Musk said Thursday that artificial intelligence could surpass human intelligence as soon as this year, arguing that progress toward artificial general intelligence is accelerating faster than humanity is prepared for. The comments by the Tesla, SpaceX, and xAI CEO came during a wide-ranging conversation with BlackRock CEO Larry Fink at the World Economic Forum
Bitcoin (BTC) dropped below the key $90,000 support zone and traded near $89,588 at the time of writing. The decline followed last week’s brief bullish breakout attempt. On the other hand, gold has reached an all-time high of over $4,900 per ounce at the time of writing. This development further underscores the difference between the
South Korea’s Kospi index crossed the 5,000 mark for the first time on Jan. 22, defying global market turbulence caused by U.S. President Donald Trump’s Greenland takeover ambitions. Blue-Chip Surge South Korea’s benchmark Kospi index crossed the 5,000 mark for the first time on Jan. 22, a historic milestone that fueled excitement across the country.
U.S. spot Bitcoin exchange-traded funds recorded three straight trading sessions of net outflows this week, totaling $1.58 billion. The pullback follows a brief stretch of positive follow-through, sandwiched between another three-day outflow streak from Jan. 7 – 9 that totaled $1.134 billion, or about $378 million a day leaving the category. Earlier in the month,
The race to replace Jerome Powell as Chairman of the Federal Reserve has taken a sharp turn toward Wall Street’s most powerful asset manager. Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, has seen his odds of securing the nomination surge in recent days. According to data from prediction market Polymarket, Rieder’s odds
Global markets rallied after U.S. President Donald Trump de-escalated trade tensions with Europe and Greenland, sparking a relief surge across equities. Bitcoin mirrored this volatility, plunging to $88,200 before rebounding to $90,000, though it remains down 7% weekly. Global Markets Surge on ‘Greenland Framework’ Global markets shifted into a relief rally today as the shadow
Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies. Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view card networks such as Visa or Mastercard