The hot-handed Bitcoin miner has become an AI infrastructure play. IREN (IREN) continues to have major upside, according to Wall Street brokerage firm Cantor Fitzgerald. “Over the past few months, IREN has leaned heavily into its AI Cloud Services segment,” wrote analyst Brett Knoblauch. “We believe this is a business that will ultimately look a […]
Cantor Fitzgerald doubles IREN price target Read More »
BlackRock (BLK), the asset management giant that oversees more than $13 trillion in assets, is ramping up its efforts to bring traditional finance (TradiFi) on-chain, seeking to play a larger role in tokenization as a way to unlock access to markets and streamline the way assets are traded. The company’s teams are exploring how to
BlackRock (BLK) CEO Larry Fink Eyes Bigger Role, Projects Substantial Growth Read More »
Stablecoins are rapidly moving from niche products to core payment infrastructure, according to asset management giant DWS. With a combined market capitalization exceeding $250 billion and trading volumes surpassing Visa (V) and Mastercard (MA), they have become liquid, globally traded assets favored by institutions, DWS said in last week’s report. Euro stablecoins set new benchmarks
DWS sees stablecoins becoming core payment infrastructure Read More »
HBAR displayed significant volatility in the 24-hour period ending October 14, swinging nearly 9% as traders faced sharp market swings. The token rose from $0.19 to a low near $0.18 before experiencing a late recovery that brought prices back to the $0.18 area. The most decisive reversal occurred in the final hour of trading, where
HBAR plunges 8% after failed rally to $0.20 resistance Read More »
Stellar’s The selling intensified after the token broke key support at $0.34 in early trading on October 14, triggering a strong sell-off and pushing prices to a new local low of $0.32. The sharp decline showed clear signs of capitulation, with high volume selling hinting at potential oversold conditions. XLM briefly rebounded in the last
XLM suffers massive sell-off following sharp rise in volumes Read More »
Crypto markets posted sharp declines on Tuesday, but signs of relief from the Federal Reserve helped prices rebound from their worst levels. A recent post by President Trump on Truth Social reminded bulls that he has the power to reverse rising asset prices at any time. Bitcoin BTC$112,218.68 was trading as low as $109,800 early
Pick up on Powell’s remark; K33 sees constructive setup after crash Read More »
The liquidation of defunct crypto lender Celsius netted Tether nearly $300 million, according to a statement released Tuesday by an entity created by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs, an affiliate of Atlas Grove Partners, and asset manager VanEck created BRIC to “maximize recoveries during complex digital asset bankruptcies like
Celsius taper gets $300 million from Tether, say GXD Labs and VanEck Read More »
Jane Fraser, CEO of Citigroup (C), has expressed a clear stance on the future of digital finance, telling investors that tokenized deposits – not stablecoins – will be the main driver of next-generation payments and financial market infrastructure. Speaking on an investor call after the bank’s third-quarter results were released on Tuesday, Fraser explained that
Jane Fraser, CEO of Citigroup (C) Read More »
U.S. authorities have launched sanctions against global company Prince Group as the operator of fraudulent global forced labor operations – including infamous pig butchery schemes – based in Cambodia, charging the company’s executive and imposing sanctions. Chen Zhi, a British and Cambodian national and founder and chairman of the Prince Group, was indicted Tuesday in
US Targets Cambodian Pig Butchery, Takes $14 Billion in Bitcoin, Largest Seizure Ever Read More »
Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, has applied for a national banking trust charter with the US Office of the Comptroller of the Currency (OCC), its co-founder Zach Abrams said on Wednesday. The move would place the company under federal regulatory oversight if approved by the regulator. Through the bank, the
Stripe’s Bridge seeks charter from National Bank Trust to expand its Stablecoin business Read More »
