Business

Astra Nova raises $48.3M to expand Web3 and AI entertainment ecosystem

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AI-focused entertainment and Web3 infrastructure company Astra Nova has raised $48.3 million to expand its suite of tokenized content tools and creation platforms. The funding includes $41.6 million from a recent strategic round and builds on previous investments led by Outlier Ventures as well as family offices and institutional investors in Saudi Arabia, the United […]

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Your company’s balance sheet is doomed without Bitcoin

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The corporate treasury function, historically rooted in prudent cash management, is undergoing its greatest transformation in decades. The revolution really began with Michael Saylor at Strategy – which now owns over 3% of the total Bitcoin supply – but Strategy is no longer the only player in the Bitcoin treasury space. Estimates show that corporate

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Record Rally Generates $1 Billion Daily Trading Volume

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Gold-backed tokens hit a major milestone this week, surpassing $1 billion in daily trading volume for the first time thanks to the yellow metal’s record rally. Since the shutdown began on October 1, trading volume in tokenized gold commodities has surpassed $10 billion, surpassing that of BlackRock’s iShares Gold Trust (IAU), the world’s second-largest gold

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Huobi founder to start billion-dollar Ether treasury company

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Li Lin, founder of Huobi and chairman of Hong Kong-based Avenir Capital, is at the helm of a new billion-dollar ether. ETH$3,798.66 trust alongside several of Asia’s most influential early Ethereum investors, according to Bloomberg. The report, which cites people familiar with the matter, claims that Li teamed up with Fenbushi Capital co-founder Shen Bo,

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XLM down 6% amid strong selling pressure

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Stellar Lumens (XLM) faced notable institutional selling pressure between October 16 and 17, falling 6.25% from $0.32 to $0.30 during a 23-hour trading period. Trading volume surged to 89.11 million tokens, with peak liquidation occurring between 06:00 and 08:00 GMT on October 17. Analysts attributed the move to coordinated institutional profit-taking rather than retail panic,

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Recent Fed Speech Confirms Intention to Continue Rate Cuts, BofA Says

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With very few government economic statistics, comments from Fed speakers have taken on greater importance, and Bank of America has found little in recent discussions to suggest the central bank will not continue rate cuts at its final two meetings of 2025. New York Fed President John Williams, a key voice on monetary policy and

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JPMorgan (JPM) Says Native Crypto Investors Are Likely Behind Market Fall

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According to Wall Street bank JPMorgan (JPM), the recent market sell-off was likely led by retail and other crypto-focused investors rather than traditional institutions. While Bitcoin BTC$105,247.40 and ether ETH$3,730.42 both fell after Oct. 10, spot BTC exchange-traded funds (ETFs) and Chicago Mercantile Exchange (CME) BTC futures saw little forced selling, the report notes. Bitcoin

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BTC, Altcoins Plunge as Liquidity Tightens and Demand for Safe Havens Soars

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The crypto market is a sea of ​​red as ongoing trade tensions and tightening liquidity in the U.S. financial system drive demand for safe-haven Treasuries. Bitcoin BTC$105,344.12 fell below its 200-day SMA to trade near $104,500, representing a 6% decline in 24 hours. Other major tokens such as ether ETH$3,781.73, XRP$2.2780Solana GROUND$181.02, DOGE$0.1826and BNB BNB$1,066.88

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