Business

Franklin Crypto CIO Says Crypto Prices Are Disconnected from Fundamentals

Business / Leave a Comment

Latest developments: In an interview with Jennifer Sanasie on CoinDesk’s Public Keys, Ginns said the convergence between traditional finance and crypto continues to gain momentum despite a prolonged market slump. Franklin Crypto aims to create a leading fundamental crypto investment platform following Franklin Templeton’s acquisition of 250 Digital, the company spun out of CoinFund’s liquid […]

Franklin Crypto CIO Says Crypto Prices Are Disconnected from Fundamentals Read More »

Binance.US CEO Says Exchange Is Rebuilding, Eyes Returning to 20% US Market Share

Business / Leave a Comment

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “hibernation” related to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, although it shares an actual owner and common brand with Binance.com. He said the

Binance.US CEO Says Exchange Is Rebuilding, Eyes Returning to 20% US Market Share Read More »

“Not all megawatts are created equal” in the race for AI

Business / Leave a Comment

The context: Building AI data centers remains a multi-year effort, with labor becoming a major execution challenge. Prager said the Kentucky facility is expected to come online beginning in 2028 and that TeraWulf has hired Fluor to help build the project. He said securing a skilled workforce and contractors is a bigger challenge than purchasing

“Not all megawatts are created equal” in the race for AI Read More »

Tom Lee’s BitMine (BMNR) Increases Ether Holdings to $5.77 Million, 4.8% of Supply

Business / Leave a Comment

BitMine Immersion (BMNR) added to its Ethereum treasury last week, bringing its total holdings to 5.77 million ether (ETH), or approximately 4.8% of Ethereum’s circulating supply of 120.7 million tokens, according to a Monday press release. The company said nearly five million of its ETH holdings are staked, allowing it to earn staking rewards while

Tom Lee’s BitMine (BMNR) Increases Ether Holdings to $5.77 Million, 4.8% of Supply Read More »

Trump’s crypto wealth threatens Clarity Act talks aimed at barring US officials from conflicts

Business / Leave a Comment

On Monday, several Senate Democrats announced they would hold a press conference this week to voice their opposition to Clarity and what they said is its “failure to rein in President Donald Trump’s corrupt crypto plans.” Senator Murphy will join Senators Chris Van Hollen and Jeff Merkley at this event on Capitol Hill, which will

Trump’s crypto wealth threatens Clarity Act talks aimed at barring US officials from conflicts Read More »

Strategy Suspends Bitcoin Purchases as USD Reserve Hits $3 Billion

Business / Leave a Comment

Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position. In the week ending July 5, Strategy sold 3,588 BTC in two transactions. He sold 1,363 BTC for

Strategy Suspends Bitcoin Purchases as USD Reserve Hits $3 Billion Read More »

Circle’s (CRCL) OCC Approval Fails to Allay Key Concerns, Mizuho Says

Business / Leave a Comment

The final approval of Circle Internet Group (CRCL) by the Office of the Comptroller of the Currency to create the first national digital currency bank is a positive step, but investors may be overestimating its importance, according to Japanese investment bank Mizuho. “While this is a positive development, we believe the market reaction is likely

Circle’s (CRCL) OCC Approval Fails to Allay Key Concerns, Mizuho Says Read More »

Bolivia plans to add Tether’s USDT to its national payments system

Business / Leave a Comment

Bolivia plans to add Tether’s USDT stablecoin to its national payments system, marking another step in the country’s move from banning crypto transactions to allowing regulated use of digital assets. Economy Minister José Gabriel Espinoza said in a press conference on Monday that the government was evaluating whether USDT could circulate alongside the Boliviano, the

Bolivia plans to add Tether’s USDT to its national payments system Read More »

XRP-linked company lands in UK plan for pensions, bonds and tokenized funds

Business / Leave a Comment

The report also highlights a problem with permissionless chains: a confirmed transaction can, in theory, be reversed by a chain reorganization. This introduces final settlement risk that traditional infrastructure does not face. Nevertheless, according to the report, established companies in traditional finance and crypto-native companies are converging. As an example, he cites Ripple’s purchase of

XRP-linked company lands in UK plan for pensions, bonds and tokenized funds Read More »

Scroll to Top