This was the exchange’s first-ever institutional funding round. As a result, CRO skyrocketed by 25% in minutes. The 10-year-old cryptocurrency exchange, with a reported user base of tens of millions, announced a strategic $400 million investment from Citadel Securities. The statement from the company stated that its valuation after the funding round was $20…
President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. Summary CNN linked Trump’s company promotions to stock purchases made only days earlier. Trump bought up to $500,000 in Nvidia shares before announcing faster AI permits. The findings have added…
Armstrong believes market incentives encourage AI companies to build safe products without the need for an additional regulatory framework. Coinbase CEO Brian Armstrong has rejected calls for a new AI self-regulatory body, arguing that existing laws already provide enough protection against harmful AI. His remarks came just a day after the crypto exchange disclosed…
A White House teleprompter operator has been placed on paid leave after allegedly earning more than $90,000 from Kalshi bets tied to words President Donald Trump would use in his speeches. Summary The CFTC is investigating Gabriel Perez over more than $90,000 in reported Kalshi profits. Kalshi froze most of the gains after flagging bets…
Lionel Messi will play in his second consecutive World Cup final, yet that wasn’t good news for one trader. The FIFA World Cup is arguably the most watched sporting event across the globe, and its high-stakes matches often attract gamblers willing to place substantial wagers. The recent semi-finals, Argentina vs. England and Spain vs….
Cardano has fallen 1.39% to $0.1628 as rising short positions have outweighed whale demand two days before the Van Rossem hard fork. Summary ADA fell to $0.1628 as traders increased short positions before the Van Rossem fork. Cardano whales accumulated ADA despite negative funding rates and rising futures open interest. Liquidity clusters at $0.160 and…
Strategy CEO Phong Le has tied the company’s next Bitcoin purchase to STRC returning to its $100 par value as the preferred stock trades near $87. Summary Phong Le linked Strategy’s next Bitcoin purchase to STRC recovering to its $100 par value. Strategy sold 3,588 BTC across two weeks while building its dollar reserve. MSTR…
Ault Capital has developed a Cosmos-based Layer-1 network for tokenized assets and digital settlement after banking disruptions affected businesses under its leadership. Summary Ault Capital linked its new Layer-1 network to banking disruptions faced by its businesses. The Cosmos-based blockchain supports Ethereum smart contracts, tokenized assets, and institutional settlement. Identified participants will govern the network,…
Spot Bitcoin ETF inflows are staging a clean comeback, and the world’s most influential asset manager just handed the crypto market a high-profile vote of confidence. BlackRock CEO Larry Fink told CNBC on July 15 that he is “very bullish” on the crypto market over the next 12 months, comments that landed on the same…
Another market oberver, though, challenged this thesis, indicating that ETH might have already found its bottom during this cycle. Ethereum’s native token rode the sub-CPI crypto rally like very few did, pumping toward a six-week peak of roughly $1,950. This means that it had recovered nearly 30% in value since its multi-year peak at…
