Following a slew of companies last week revealing similar plans, Digiasia Corp. announced a commitment to establish a bitcoin treasury reserve, potentially raising up to $100 million to acquire BTC, as its shares surged 93% by 1 p.m. ET on Monday. Digiasia Eyes $100 Million to Build Bitcoin Treasury The fintech firm Digiasia Corp. (Nasdaq: […]
In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry. In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of […]
Moody’s is now the third credit rating agency to downgrade the country’s debt after Standard & Poor’s in 2011 and Fitch in 2023. Moody’s U.S. Rating Cut Sends Bitcoin Back Above $105K The U.S. lost its perfect credit rating on Friday after rating agency Moody’s downgraded U.S. debt from “Aaa” to “Aa1,” citing concerns about […]
Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund wrapper, Crypto.com said, adding that the trust is not an exchange-traded […]
Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund wrapper, Crypto.com said, adding that the trust is not an exchange-traded […]
Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 million, with Blackrock’s IBIT once again leading the charge. Ether ETFs joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded fund (ETF) momentum held strong last week as […]
Key points: Bitcoin’s rejection at $107,000 shows sellers are active at higher levels, but the recovery from the intraday low shows solid buying. Strategy and Metaplanet continue to accumulate Bitcoin, adding steady buy-side pressure to BTC price. Select altcoins have pulled back, but they have not yet turned negative. Bitcoin’s (BTC) attempt to challenge the […]
Before discovering Bitcoin (BTC), Ledn co-founder Mauricio di Bartolomeo found success shorting the Venezuelan Bolivar as it rapidly lost value against the stronger US dollar. Now, with the US dollar depreciating against Bitcoin, borrowing against Bitcoin instead of selling it has become a more viable strategy. “Prior to Bitcoin, my most successful investment was shorting […]
Key takeaways: Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt. Moody’s downgraded the US credit rating to Aa1, citing a $36 trillion debt and rising deficits, causing market turbulence and a spike in US Treasury yields. Despite […]
Chainlink’s CCIP is now live on Solana, enabling cross-chain transfers between Solana and major blockchains like Ethereum and BNB Chain. Chainlink’s Cross-Chain Protocol Goes Live on Solana Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is now operational on Solana, marking its first deployment on a non-Ethereum Virtual Machine (EVM) blockchain via the v1.6 upgrade. The integration aims […]
This content is provided by a sponsor. The convergence of blockchain technology and artificial intelligence is driving some of the most significant advancements in the digital space. On May 7, 2025, Ethereum, the world’s second-largest blockchain platform, marks another milestone with its “Pectra” upgrade, signaling a leap forward in scalability and efficiency. At the same […]
Bitcoin ETFs closed last week on a high note, notching a net inflow of $260 million with Blackrock and Fidelity leading the charge. Ether ETFs also finished strong, locking in $22 million in inflows without any outflows reported. Crypto Funds End Week in the Green Bitcoin exchange-traded funds (ETFs) ended the week with confidence, locking […]