TL;DR Approaching a Major Rally? Cardano’s ADA experienced a brief resurgence above $1 in mid-August but currently trades at $0.86, representing a mere 3% increase on a monthly scale. Nonetheless, crypto X is rammed with analysts who believe the asset has yet to chart substantial gains this bull cycle. The one using the moniker CryptoBullet…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The race for crypto ETFs is intensifying as two tokens, Chainlink (LINK) and XRP, come under scrutiny. Crypto asset manager Bitwise officially submitted paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday, seeking to launch a Bitwise Chainlink ETF that…
Crypto funds and market makers are buying tokens at steep discounts through private over-the-counter deals and hedging them with shorts, locking in double-digit returns while retail traders take the risk. Venture capitalists, funds and market makers can often secure allocations at roughly a 30% discount with three- to four-month vesting, then hedge by shorting the…
Key Takeaways Numerai, a San Francisco–based AI-focused quant fund, has secured a commitment of up to $500 million from JPMorgan Chase. Richard Craib, Numerai’s founder, told Bloomberg that Numerai’s performance track record finally convinced big investors. Share this article San Francisco–based hedge fund Numerai has secured a $500 million commitment from JPMorgan Asset Management, effectively…
Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest level. Summary Bitcoin price fell below $110,000 ass its 30-day moving average plummets to the lowest level since 2018. The downward trend may be a…
Bitcoin’s price recovery took the asset to just over $112,000 hours ago, but the bears reemerged and pushed it south by almost two grand since then. In contrast, many altcoins have posted more impressive gains over the past day, including ETH, SOL, DOGE, HYPE, and CRO. BTC Stopped at $112K The primary cryptocurrency was gradually…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics. GDP Statistics On The Blockchain Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick…
Bitwise Asset Management filed to launch an exchange-traded fund that holds and tracks the self-titled native token of the crypto oracle platform Chainlink. A filing with the US Securities and Exchange Commission on Tuesday shows the fund would trade as the Bitwise Chainlink ETF, with Coinbase Custody named as the custodian for the fund. The…
Key Takeaways Google Cloud strategy head calls its new universal ledger a layer 1 blockchain. The platform has already attracted major institutional interest, with CME Group, one of the world’s largest commodities exchanges, selecting GCUL to explore tokenization and payment solutions. Share this article Google Cloud is developing a layer 1 blockchain platform called Google…
Singapore-based cross-border payments firm Tazapay has secured new funding from Ripple and Circle Ventures, positioning itself as a key bridge between traditional finance and stablecoin-powered transactions. Summary Ripple and Circle invested in Singapore-based Tazapay’s Series B round. The cross-border payments platform processes $10B+ annually and is growing 300% YoY. Funds will accelerate licensing in the…
