Allbirds (BIRD) surged around 300% after saying it will pivot from sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure. The company said it agreed to sell its footwear brand to American Exchange Group and reinvent itself as NewBird AI, backed by a $50 million…
Pakistan’s central bank notified all banks and financial institutions in the country that the ban on providing crypto services has been lifted. However, according to the new state bank rules, banks are banned from investing, trading or holding crypto assets using their own funds or customer deposits. The State Bank of Pakistan’s move follows the…
Investors who thrive on bitcoin’s BTC$74,187.89 wild price swings may be in for disappointment. Major banks are preparing to introduce new products that could dampen volatility in a market that has already become significantly calmer in recent years. Most recently, Goldman Sachs filed an application for a Bitcoin Premium Income exchange-traded fund (ETF). The proposed…
A new class of crypto treasury companies is emerging around Strategy’s high-yield stock, STRC, drawing in firms looking to capture both exposure to bitcoin BTC$73,867.77 and additional income. STRC is a security issued by Strategy, the largest publicly traded holder of bitcoin, as a funding vehicle to support its ongoing bitcoin accumulation strategy. The company…
A closely watched gauge of ether’s relative strength against bitcoin has climbed to a three month high, backed by surging network activity and record stablecoin inflows on Ethereum. The ether-bitcoin ratio traded near 0.0313 on Wednesday, up from a 2026 low around 0.028 in February but still well below the January 18 high near 0.038….
Bitcoin BTC$73,796.66 was built on a promise that no one can touch your coins without your private key. No government, no bank, nobody. That promise is now, for the first time in Bitcoin’s 16-year history, being challenged from the developer community itself, as a part of measures to build defenses against future quantum computers that…
Bitmine Immersion Technologies has turned itself into the Ethereum version of Strategy, doubling its outstanding shares in six months and raising over $10 billion in equity to amass nearly 5% of all ether in existence. it reported a $3.8 billion quarterly net loss in Tuesday’s 10-Q filing, with share count going from 232 million to…
XRP is pushing higher again, with volume confirming the move, but it still has to prove this is more than a short-term breakout. The rally is holding for now, and the addition of real-world usage through Rakuten gives it a stronger narrative than recent moves. News Background • Japan’s e-commerce giant Rakuten is integrating XRP…
Bitcoin held above $74,000 on Wednesday as a wave of risk appetite swept through global markets, with Asian equities joining Wall Street benchmarks in fully recouping losses sustained since the US-Iran conflict began in late February. Ether gained 4% on the week to trade near $2,325, outpacing bitcoin’s 3.9% move. Solana dropped 1.5% to $83,…
Aave (AAVE), up 3.6% from Monday, joined Ethereum as a top performer. Source link
