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ParaFi defies crypto market downturn with $125 million raise for new fund

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ParaFi, a New York-based digital asset manager backed by KKR co-founder Henry Kravis, has raised $125 million for a new venture capital fund, Bloomberg reported. The money adds to the $325 million ParaFi said it has raised for existing crypto investment strategies since the start of 2025. The company now manages around $2 billion. Founder […]

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Wall Street broker Bernstein believes Bitcoin (BTC) has bottomed and is maintaining its year-end target at $150,000.

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Bitcoin BTC$70,297.32 has likely bottomed and is poised for further gains, Wall Street brokerage Bernstein said in a note to clients on Tuesday, reiterating its $150,000 price target for the end of the year. “We believe that Bitcoin has found its bottom and is now heading higher,” wrote analysts led by Gautam Chhugani. The world’s

Wall Street broker Bernstein believes Bitcoin (BTC) has bottomed and is maintaining its year-end target at $150,000. Read More »

BlackRock sees AI as the next big use case for crypto, not the token boom

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BlackRock’s head of digital assets Robbie Mitchnick has signaled a shift in how big investors view crypto, pointing to artificial intelligence (AI) as a more significant driver than the expansion of new tokens. Speaking about client behavior, Mitchnick described a market that has moved away from broad exposure to smaller assets. He said turnover among

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BNY Mellon CEO says the future of crypto is through big banks

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NEW YORK — BNY Mellon CEO Robin Vince said the next phase of crypto adoption will depend on large financial institutions, arguing that banks are well-positioned to connect digital assets to the broader financial system. “We can act as a very effective bridge between the traditional finance and digital finance ecosystems,” Vince said in a

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Coinbase Says ‘Second Wave’ of Crypto Investors Prioritize Revenue Over Price Appreciation

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Institutional investors are no longer just betting on a “up the numbers” strategy for crypto, they are turning to finding stable revenue streams from major digital assets. Many institutions already hold Bitcoin BTC$69,578.37 and ether (ETH) on their balance sheets. While they hold these assets for long-term price appreciation, investors are increasingly looking to put

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Aave and Ethena Executives Highlight Efforts to Build On-Chain Fixed Income Markets in DeFi

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Crypto finance is only now beginning to offer an environment that matches traditional finance: ways to earn more stable and predictable returns – similar to bonds or savings products, according to Aave Labs founder Stani Kulechov and Ethena CEO Guy Young. “Most fixed income is like spreading risk in different formats…basically just slicing and spreading

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Circle and Coinbase collapse as regulators move to ban interest on stablecoins

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Shares of stablecoin issuer Circle (CRCL) fell on Tuesday, after a proposed U.S. stablecoin bill raised concerns over yield limits. Shares of the USDC issuer fell as much as 18% in early US trading, ending a week-long rally that saw a gain of more than 100%. Meanwhile, crypto exchange Coinbase (COIN), which shares stablecoin revenue,

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