Hyperliquid, Uniswap and Worldcoin buck crypto slump as traders chase AI, DeFi trends
A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce. Source link
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Bitcoin miners’ AI pivot faces $50 billion reality check, says VanEck
The report comes amid a dramatic shift in the bitcoin mining industry. Following the collapse in mining profitability after the 2024 halving, many operators began repurposing their power infrastructure to support AI workloads, betting that technology companies would pay significantly more for electricity and data center capacity than bitcoin miners. Core Scientific (CORZ) signed a…
Strategy’s investors are may be rotating out of its preferred stock for another crypto rival
Strategy’s (MSTR) dividend-paying preferred stock, STRC, closed at $91.79 on Tuesday, its third-lowest since trading began in July 2025, amid lower bitcoin prices and debt concerns. The only lower closes occurred during two sessions later that month, when STRC fell to as low as $88.60. The security was initially priced at approximately $90 in its…
U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process
State regulators got sidelined in the U.S. Department of the Treasury’s effort to implement the new U.S. stablecoin law, according to several senators from both parties who insist that the states need to be given an explicit process for proving their supervision and standards are on par with federal regulators’. The Guiding and Establishing National…
Coinbase introduces AI advisor, stock options and pre-IPO markets in finance push
The company is simultaneously broadening its derivatives business. New products include perpetual futures tied to thematic baskets such as artificial intelligence, defense and Chinese equities, as well as pre-IPO perpetual futures that provide exposure to private companies including SpaceX (SPCX), which went public earlier this month. Coinbase said contracts tied to OpenAI and Anthropic, which…
Binance says its European regulatory application is compliant despite report of Greek rejection
Binance, the world’s largest cryptocurrency exchange, may be unable to serve customers in Europe if its regulatory license application in Greece is turned down, as Reuters reported on Tuesday. Binance’s Markets in Crypto Assets (MiCA) license application, which has to be approved by a deadline at the end of this month, is going to be…
Coinbase joins tokenized stock race with onchain shares and dividend payments
Coinbase (COIN) said it plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, joining the growing competition among crypto firms and traditional financial companies to bring stocks onto blockchain networks. In a post on X on Tuesday, the exchange said “the first real, 1:1 backed tokenized stocks are coming,” allowing users to own,…
Ripple invests in Flutterwave, bringing RLUSD and XRP Ledger to payments in Africa
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, invested in African payments company Flutterwave as part of its Series E funding round, a deal centered on expanding the use of stablecoins for cross-border payments. Flutterwave said Tuesday that the funding round values the company at $3.2 billion. Financial terms of Ripple’s…
State Street targets stablecoin reserve boom with new money market fund
Wall Street’s largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars as digital dollars become a larger part of the financial system. State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund on Tuesday, a government money market fund…
Uniswap (UNI) gains 12.9% while index trades lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1829.21, down 0.7% (-12.13) since 4 p.m. ET on Monday. Six of 20 assets are trading higher. Leaders: UNI (+12.9%) and XLM (+2.7%). Laggards: ADA (-3.4%) and NEAR (-2.5%)….