Key Takeaways Oracle lost $105B in market value after forecasting a $15B increase in 2026 capex. Much of the spending is tied to supporting OpenAI’s cloud computing needs. Oracle shares fell 14% on Thursday, dropping from $225 to $194 and wiping out $105 billion in market value after the company sharply raised its capital expenditure
Key Takeaways Silver’s market cap surged above $3.59 trillion, surpassing Microsoft to become the world’s fifth-largest asset. This record rally was driven by inflation-hedge demand and followed the US Federal Reserve’s recent rate cut. Silver overtook Microsoft today to become the world’s fifth-largest asset by market capitalization, reaching $3.59 trillion after breaking above $63 for
Crypto investment firm Blockstream Capital Partners (BCP) plans to acquire Corbiere Capital Management, a Jersey-based equities hedge fund founded by Rodrigo Rodriguez in 2023, the company said in a press release Thursday. Financial details of the acquisition were not disclosed. BCP said the Corbiere deal will add equity and event-driven strategies to its existing bitcoin-linked
The movement of approximately 33,737 BTC (approximately $3.11 million) from Silk Road-linked wallets on the evening of December 9th once again became a hot topic in the crypto community yesterday. On-chain data shows that these assets were moved from addresses previously associated with the US government to the Coinbase Prime platform. This image shows transfers
Key Takeaways Coinbase has selected Chainlink CCIP as the exclusive cross-chain bridging protocol for its wrapped assets. Coinbase Wrapped Assets, such as cbBTC or cbETH, will use Chainlink’s CCIP for all cross-chain transfers. Coinbase has named Chainlink’s Cross-Chain Interoperability Protocol (CCIP) its exclusive bridging partner to accelerate its wrapped asset growth. CCIP is Chainlink’s solution
Key Takeaways Disney will license characters from Disney, Marvel, Pixar, and Star Wars to OpenAI’s Sora platform. Disney is making a $1 billion equity investment in OpenAI and will use its AI tools for new digital experiences. The Walt Disney Company has reached a multiyear agreement with OpenAI to become the first major content licensing
Key Takeaways Bitcoin whales realized $386 million in losses in a single day, according to CryptoQuant. Capitulation by new whales marks one of the largest recorded single-day loss realizations. Bitcoin whales realized $386 million in losses in a single day, according to data from CryptoQuant, which monitors on-chain metrics for cryptocurrencies. New Whales capitulated yesterday—realizing
LI.FI, a Berlin-based protocol that aggregates onchain swaps and cross-chain bridges for developers, has raised a $29 million Series A extension led by Multicoin Capital and CoinFund, bringing its total funding to $51.7 million, the company said in a press release Thursday. The company previously raised $17.5 million in a Series A round in May
All things being equal, easier Fed monetary policy tends to lead to a weaker U.S. dollar, falling bond yields, rising precious metals prices and gains for risk assets, bitcoin BTC$89,553.48 and crypto among them. Following the Fed’s rate cut yesterday, the dollar is indeed weaker — the DXY falling to a seven-week low — precious
Save the Children has expanded its offering for accepting cryptocurrency donations with the introduction of its Bitcoin Fund. Developed with digital asset firm Fortris, the initiative allows the organization to hold bitcoin BTC$89,553.48 donations for up to four years, giving donors more control over when contributions are converted and used, the charity said on Thursday