The news that MSCI — one of the world’s “Big Three” index providers — is looking to potentially exclude digital asset treasuries (DATs) from its indexes has absolutely scandalized the crypto community. JP Morgan mentioning this in their research note on Strategy only added fuel to the fire, with the term “Operation Chokepoint” coming back…
Once a breakout non-fungible token (NFT) project during the 2021 crypto boom, Pudgy Penguins is turning to real-world visibility with a high-profile ad placement at the Las Vegas Sphere during Christmas week. Only a few crypto-related brands have secured ad space at the Sphere, a massive LED-covered venue known for its immersive displays and performances…
Stablecoin issuer Tether’s dreams of a full takeover of Italian soccer club Juventus appear to have been dashed. Majority shareholder Exor’s board of directors has unanimously rejected Tether’s binding, all-cash bid to purchase the firm’s 65.4% stake in Juventus, stating in a Saturday press release that it has “no intention of selling any of its…
Laura Katherine Mann, a partner at global law firm White & Case, sees 2025 as the “test-case year” for crypto initial public offerings, but says 2026 is the real proof point: the year the market finds out whether digital asset IPOs are a “durable asset class” or just a cyclical trade that only works when…
Bitcoin BTC$90,240.89 has so far bounced above $90,000, 15% higher from its Nov. 21 low of around $80,000, with price finding confluence support across three important cost basis metrics: the 2024 yearly volume weighted cost basis, the True Market Mean, and the average U.S. spot exchange-traded fund (ETF) cost basis. These metrics help to identify…
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$90,185.24 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s ETFs in Depth conference in New York on Thursday, where…
Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names dropped. The firm, which began as business software provider MicroStrategy, pivoted in 2020 to stockpiling bitcoin as its core strategy. It has since then accumulated 660,624 BTC worth $59.55 billion, and it was added to…
AI-powered trading hasn’t yet reached an “iPhone moment,” when everyone is carrying around an algorithmic, reinforcement learning portfolio manager in their pocket, but something like that is coming, experts say. In fact, the power of AI meets its match when faced with the dynamic, adversarial arena of trading markets. Unlike an AI agent informed by…
Among other things, 2025 will surely be remembered for the mania and then stunning collapse of hastily formed bitcoin treasury companies attempting to mirror the success of Michael Saylor’s Strategy. Perhaps none were higher profile than that of KindlyMD (NAKA), led by David Bailey, formerly the very successful CEO of Bitcoin Magazine and Bitcoin-whisperer to…
Backed Finance is introducing xBridge, a new cross-chain bridge designed to move tokenized stocks across blockchains without losing track of stock splits, dividends or other corporate actions. Unveiled at Solana Breakpoint and built in partnership with Chainlink, xBridge enables users to transfer tokenized equities, called xStocks, between Ethereum and Solana, according to an emailed announcement…
