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ETH price corrected at the weekly open, but futures data pinpoints the possibility of a breakout to $5,000. Key takeaways: ETH futures and options data show no signs of defensive positioning despite Ether’s 7-month price high. Ether ETF inflows and corporate holdings signal growing conviction from institutional investors. Read more If you liked the article,…
Intel continues to streamline its business. The company plans to spin off its Network and Edge group, which is responsible for making chips for the telecom industry, as originally reported by CRN. Intel will be an anchor investor in the stand-alone business and will seek outside capital. Intel was rumored to be looking for a…
Pudgy Penguins shut down rumors of an OpenSea buyout, calling the speculation unnecessary and pointing instead to growing brand partnerships. Pudgy Penguins has denied speculation that it acquired NFT marketplace OpenSea, following a wave of social media chatter suggesting a deal may have closed as early as December 2024. In a Saturday post on X,…
BlackRock’s ETHA leads with $440 million as Ether ETFs stretch their inflow streak to 16 days, pushing total net assets to $20.66 billion. Spot Ethereum exchange-traded funds (ETFs) posted another strong session on Friday, drawing $452.72 million in net inflows and extending their inflow streak to 16 consecutive trading days, according to data from SoSoValue….
Regulatory clarity is opening the door for banks, asset managers, and crypto firms to roll out new stablecoin products. The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above…
Gupshup, a business messaging startup that began its journey in India over two decades ago and became a unicorn four years ago, has raised a new over $60 million round — but is keeping its new valuation under wraps. In 2021, Gupshup raised two funding rounds within four months, securing $340 million from prominent investors…
SSK, the first US ETF to combine spot Solana exposure with on-chain staking rewards, attracted over $100M in 12 trading days. SSK, the Solana staking exchange-traded fund (ETF) from REX-Osprey, surpassed $100 million in assets under management (AUM) since its launch on July 2. The fund is the first US-listed ETF to combine spot Solana (SOL)…
Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity. Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the firm views stablecoins…
Singapore-based AI edtech firm Genius Group doubled its Bitcoin holdings to 200 BTC in July while expanding its crypto initiatives under the newly passed GENIUS Act. Singapore-based artificial intelligence-driven edtech firm Genius Group doubled its Bitcoin treasury to 200 BTC as part of its long-term strategy to build a 10,000-BTC treasury reserve. According to a…
Spot Bitcoin ETFs saw $131.35 million in outflows on Monday, ending a 12-day streak that pulled in $6.6 billion. Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows. The largest outflow was from ARK Invest’s ARKB, which…