Tether, the crypto firm behind the most popular stablecoin USDT, said Thursday it has invested in Ark Labs to bring programmable payments to the Bitcoin network. The backing formed part of a $5.2 million funding round for the startup. Ark Labs develops Arkade, a system that aims to allow faster transactions and application building on…
After the first wave of spot ether (ETH) exchange-traded funds launched without staking, BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), one of the industry’s most anticipated versions, begins trading on Nasdaq on Thursday. The fund marks the asset manager’s third crypto ETF and the first from BlackRock to incorporate staking. ETHB will hold spot ether…
Around 7,000 bitcoin are estimated to have been purchased this week through Strategy’s (MSTR) perpetual preferred stock Stretch (STRC), underscoring how quickly the high yield instrument has become a key engine behind the company’s bitcoin accumulation. But the structure carries risks, according to Alexander Blume, chief executive officer of Two Prime, an SEC registered investment…
A DeFi protocol just proposed going private as its stewards believe the current DAO structure is creating a hurdle to close institutional deals. Across Protocol’s ACX token jumped 80% to $0.06 on Thursday after the team behind the cross-chain bridging platform published a ‘temp-check’ proposal to dissolve its token structure and convert into a traditional…
Metaplanet, Asia’s largest publicly listed bitcoin holder, isn’t just buying bitcoin BTC$69,483.55 anymore but wants to build the ecosystem around it. The Tokyo-listed company, which holds 35,102 BTC, announced Thursday the creation of Metaplanet Ventures K.K., a wholly-owned subsidiary that will invest in companies building regulated bitcoin financial infrastructure in Japan. The total investment over…
Oil is the single most vital commodity, wielding an overbearing influence on all corners of the global economy. This reality was made painfully clear by recent war-led oil price spikes above $100 a barrel and the resulting financial market jitters. Yet, for all its immense importance, the machinery powering global oil trading largely remains archaic….
XRP traded quietly near $1.38 as volatility compressed across crypto markets, with traders positioning ahead of U.S. inflation data that could trigger the next directional move. News Background XRP has entered a period of consolidation as broader crypto markets adopt a cautious tone ahead of key macroeconomic data. Investors are closely watching the upcoming U.S….
The European Central Bank on Wednesday unveiled the timeline for the eurozone’s initiative to shape the development of a tokenized wholesale financial ecosystem based around the single currency and ensure the euro’s continued relevance as an international currency. The strategy comprises Pontes, a distributed ledger technology (DLT) layer for transactions seen debuting in the third…
Welcome to our institutional newsletter, Crypto Long & Short. This week: Sylvia To on AI agents choosing denationalized money Top headlines institutions should pay attention to by Francisco Rodrigues Kamino hits $90M in OnRe liquidity while $KMNO drops 16% in Chart of the Week Thanks for joining us! -Alexandra Levis Expert Insights Hayek predicted it,…
Stablecoin users won’t benefit from any government guarantee of their money when the new U.S. law is implemented to govern these tokens, said Federal Deposit Insurance Corp. (FDIC) Chairman Travis Hill. He also specified that the ban will include protections known as “pass-through insurance” in which financial firms obtain the government protections on behalf of…
