Business

IBIT Among Most Traded ETFs as Bitcoin (BTC) Rises; Mining stocks are sinking

Business / Leave a Comment

Bitcoin BTC$91,807.61 rebounded on Tuesday, gaining about 6% in the past 24 hours after a sharp sell-off earlier in the week. The rebound helped spur strong activity in crypto-related exchange-traded funds (ETFs), particularly BlackRock’s iShares Bitcoin Trust (IBIT), which was among the most traded ETFs in the U.S. for the day. IBIT recorded trading volume […]

IBIT Among Most Traded ETFs as Bitcoin (BTC) Rises; Mining stocks are sinking Read More »

BTC Fell Below “Fair Value” For First Time In 2 Years, History Points To 132% Gains Over Next 12 Months

Business / Leave a Comment

Bitcoin BTC$91,518.88 briefly slipped below its network value based on Metcalfe value modeling for the first time in nearly two years, according to network economist Timothy Peterson. This is typically a signal that often marks the final stages of market resets, he said. “While this does not necessarily signal a bottom, it does indicate that

BTC Fell Below “Fair Value” For First Time In 2 Years, History Points To 132% Gains Over Next 12 Months Read More »

Gathers 14% as Bybit, Mantle Integration Connects DeFi Lender to 70 Million Users

Business / Leave a Comment

Aave’s native token, AAVE, surged 14% in the past 24 hours to $188 on Tuesday, as the broader crypto market rebounded from the sharp sell-off earlier in the week. This is one of the strongest daily gains among major DeFi assets, surpassing the CoinDesk 5 Index’s 8% gain during the same period. The rally was

Gathers 14% as Bybit, Mantle Integration Connects DeFi Lender to 70 Million Users Read More »

Amazon enters AI arms race in bid to compete with Nvidia as crypto and risk asset fears rise

Business / Leave a Comment

Amazon is moving deeper into the AI ​​arms race with the release of Trainium 3, a chip designed to compete with Nvidia’s dominant GPU hardware. The new chips, available through Amazon Web Services (AWS), promise four times the drive speed of the previous version, while maintaining the same power footprint. The move will put the

Amazon enters AI arms race in bid to compete with Nvidia as crypto and risk asset fears rise Read More »

Coinbase (COIN) Could Soar 90% as “Everything Exchange” Vision Takes Shape

Business / Leave a Comment

Wall Street broker Bernstein is sticking with his most aggressive Coinbase (COIN) call on the Street, an Outperform rating and a $510 price target, even through a market pullback and bitcoin rollover. BTC$91,451.13 volatility has dented sentiment for cryptocurrency-related stocks. In a Monday note by analysts led by Gautam Chhugani, the broker described the current

Coinbase (COIN) Could Soar 90% as “Everything Exchange” Vision Takes Shape Read More »

IREN Aims for Up to $2.3 Billion Convertible Note Issuance, Shares Fall

Business / Leave a Comment

Bitcoin miner Iren (IREN) plans to raise up to $2.3 billion through the sale of convertible notes to refinance existing debt as the hash price falls to a five-year low, impacting its revenue. The company, which also offers processing power for training AI models, plans to issue $1 billion of convertible senior notes due 2032

IREN Aims for Up to $2.3 Billion Convertible Note Issuance, Shares Fall Read More »

Crypto Exchange Kraken Agrees to Buy Funding Backed by Tokenization Company

Business / Leave a Comment

Crypto exchange Kraken said it has agreed to buy tokenization specialist Backed Finance, as crypto companies increasingly put more real-world assets on-chain in a market expected to be worth billions of dollars in less than 10 years. Kraken plans to add the Swiss-based company’s tokenized stocks and exchange-traded funds (ETFs) to its trading platform, it

Crypto Exchange Kraken Agrees to Buy Funding Backed by Tokenization Company Read More »

BNP Paribas joins Qivalis, a European Stablecoin Venture bank

Business / Leave a Comment

BNP Paribas, France’s largest bank by assets, said Tuesday it was joining nine other European banks in a joint venture focused on issuing a stablecoin as traditional financial firms pursue the fast-growing digital asset class. The bank joins an Amsterdam-based initiative called Qivalis, supported by lenders including ING, UniCredit and CaixaBank. The group has applied

BNP Paribas joins Qivalis, a European Stablecoin Venture bank Read More »

Scroll to Top