Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the beaten-down digital asset treasury space because it carries no corporate debt and is completely unlevered, giving it room to play offense while peers retrench, according to Ryan Navi, the company’s chief investment officer. “Scale plus an unlevered balance sheet is a real advantage in this…
In the evolving landscape of digital finance, Big Four consultancy firm EY has zeroed in on what it believes is the next defining frontier: wallets. Wallets are fast becoming the critical interface for the next era of financial services, not just tools for holding cryptocurrency, according to Mark Nichols, principal at EY. “The wallet is…
Bitcoin BTC$69,146.15 suffered a flash crash to $55,000 on South Korean exchange Bithumb this week after what appears to have been a major internal accounting error. Bithumb mistakenly credited users with 2,000 BTC each instead of a small reward worth 2,000 Korean won (about $1.50), according to a blog post on Friday. The result was…
Wall Street analysts covering Strategy (MSTR) broadly agree on one point after the company’s fourth-quarter earnings on Thursday: the headline losses look dramatic, but they do not signal a liquidity crisis or forced bitcoin selling. Strategy reported a $17.4 billion operating loss and a $12.6 billion net loss for the quarter, figures driven largely by…
An ether ETH$2,048.66 bull was caught leaning hard into the upside this week as the cryptocurrency tanked, turning the whale bet into a multi-million dollar horror story. That bull is Trend Research, a trading firm headed by Liquid Capital founder Jack Yi. The firm spent recent months building a bullish (long) bet worth $2 billion…
For a brief moment, the digital asset treasury (DAT) was Wall Street’s bright, shiny object. But in 2026, the novelty has worn off. The star of the “passive accumulator” has dimmed, and rightly so. Investors have realized that simply announcing a bitcoin purchase is no longer a magic trick that guarantees stock appreciation. The easy…
BlackRock’s spot bitcoin BTC$70,681.64 exchange-traded fund has been a massive hit since launch, pulling in billions from investors seeking exposure to the cryptocurrency without the hassle of crypto wallets or exchanges. Traders and analysts religiously track inflows into the fund to gauge how institutions are positioning in the market. Now they might have to do…
XRP staged a sharp rebound on Friday, rising about 18% over 24 hours to trade near $1.49 after a deep selloff a day earlier made it the worst performer among major tokens. The move came as bitcoin briefly rose over $70,000 in U.S. morning hours, reversing Thursday’s sharp declines ahead of the weekend. The bounce…
Latest developments: In an interview with CoinDesk Live from the Ondo Summit, Ondo President Ian de Bode says 2025 marked a breakout year for its core businesses. The firm is now a leading issuer in tokenized U.S. Treasuries, with more than $2 billion in total value locked, according to president Ian De Bode. Its Global…
Shares of Galaxy Digital (GLXY) jumped 18% to $19.90 on Friday after the company approved a share repurchase program of up to $200 million, giving it authority to buy back its Class A common stock over the next 12 months. The buybacks may be executed through the open market, privately negotiated transactions or other methods,…
