AI Financial, formerly known as Alt5 Sigma, wants the market to know that it’s more than just its WLFI$0.06221 token holdings, and calling it a WLFI treasury company isn’t the right way to describe it. “AiFi continues to operate an active fintech and digital payments business while executing on a broader long-term strategy across digital…
Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,911.59 exchange-traded fund (ETF) because the economics no longer worked. ETF analysts say the company behind Truth Social faced a brutal reality: the spot bitcoin ETF market has become crowded, fees have collapsed and investors already have more than a dozen similar products to…
Network News ETHEREUM COMMUNITY RESPONDS TO EF DEPARTURES: A wave of departures from the Ethereum Foundation (EF) is reigniting a debate inside the crypto industry: What is going on at the main steward behind Ethereum, and why does the community know so little about what is happening behind the scenes? Days after several high-profile figures…
SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and potentially push CEO Elon Musk toward becoming the world’s first trillionaire. The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors…
Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profit and cash flow to record levels. The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in…
Prediction market provider Polymarket filed to list parlays in sports event contracts in the U.S. on Wednesday, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed to list “combinatorial outcome contracts” on Wednesday, describing these event contracts — the official term for prediction markets — as combining two or more underlying…
The U.S. Federal Reserve took another step toward special limited payment accounts that would give a lighter version of the master-account services the central bank offers to its fully-fledged banks, opening a comment period on the latest description of the new accounts. Firms with diverse business models can use such accounts to clear and settle…
Cryptocurrency custody firm Copper has been out shopping itself, seeking a buyer willing to pay about $500 million for the platform, according to two people familiar with the matter. Wall Street investment bank Cantor Fitzgerald has been appointed to help sell Copper, the people said. Copper and Cantor didn’t respond to requests for comment. The…
Securitize reported record quarterly revenue as the tokenization platform continued advancing toward an eventual public listing through its proposed SPAC merger with Cantor Equity Partners II (CEPT), underscoring growing institutional demand for tokenized real-world assets despite ongoing profitability pressures. The Miami-based company said first-quarter revenue rose 39% year over year to $19.5 million, the highest…
A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use cases and would, if signed into law, direct the IRS to analyze the effect de minimis exemptions might have. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.) and Mike…
