Yi He, the businesswoman who co-founded cryptocurrency exchange giant Binance with its former leader Changpeng Zhao, is to be co-CEO of the company, Binance’s CEO Richard Teng announced on Tuesday at Binance Blockchain Week. Yi He, who has held the position of head of marketing at Binance, has stayed out of the limelight until now….
Bitcoin climbed back above $93,000 on Wednesday in a broad crypto-market rebound, recovering part of the steep losses that triggered nearly half a billion dollars in liquidations on Monday. The move offered some relief after a chaotic start to the week, though the bounce does little to settle nerves following a series of structural shocks…
CNN has named prediction market operator Kalshi as its official data partner, giving the network access to real-time probabilities across political, cultural, and economic events as interest in market-based forecasting grows inside U.S. media. The collaboration, announced on Tuesday U.S. time, will bring Kalshi’s data into CNN programming and newsroom workflows. The network plans to…
Amazon is stepping deeper into the AI arms race with the release of Trainium 3, a chip designed to rival Nvidia’s dominant GPU hardware. The new chips, available through Amazon Web Services (AWS), promise a fourfold increase in training speed over the previous version, while maintaining the same energy footprint. The move will put the…
Aave’s native token AAVE surged 14% over the past 24 hours to $188 on Tuesday as the broader crypto market rebounded from the steep early week sell-off. The move marked one of the strongest daily gains among major DeFi assets, outpacing the CoinDesk 5 Index’s 8% gain during the same period. The rally was fueled…
Bitcoin BTC$91,701.39 bounced back on Tuesday, gaining about 6% over the last 24 hours after a sharp sell-off to start the week. The rebound helped drive heavy activity in crypto-related exchange-traded funds (ETFs), especially BlackRock’s iShares Bitcoin Trust (IBIT), which was among the most-traded ETFs in the U.S. for the day. IBIT saw around $3.7…
Bitcoin BTC$91,265.49 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 late stages of market resets, he said. “While this does not necessarily signal a bottom, it does indicate that…
For weeks, crypto has felt broken. We had the biggest liquidation event in the market’s history on October 10th. Bitcoin nuked. ETH and alts fell even harder. Since then, every “bounce” has died on contact. Everyone blamed U.S. President Donald Trump’s 100% China tariffs, macro, or over-leverage. All are valid explanations for why the market…
American Bitcoin Corp. (ABTC), a U.S. focused bitcoin mining and treasury firm company founded by Eric Trump and Donald Trump Jr., saw its shares plunge as much as 50% on Tuesday. The drop came despite bitcoin rallying above $91,000 and gains for nearly all crypto-related stocks. According to Nasdaq data, trading volume surged to 55…
A federal court in Brazil sentenced 14 people to jail for laundering more than 508 million reais ($95 million) from international drug trafficking and other violent crimes, wrapping up a years-long investigation into a sophisticated criminal network spanning multiple states. The two group leaders were each sentenced to over 21 years in prison, while other…
