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AI-focused NEAR token rose by 7.6% on Wednesday following an announcement from fund manager Bitwise on a NEAR staking exchange-traded product (ETP). NEAR climbed from $2.09 to $2.13 between July 1-2, with a decisive breakout reaching $2.18 on high trading volume. This
Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge Capital, says the wave of companies adopting a bitcoin (BTC) treasury strategy is just a passing trend. In an interview with Bloomberg, Scaramucci said he expects the approach to lose momentum
Defi Development Corp (DFDV), a Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, said on Wednesday it is issuing $112.5 million in convertible notes to raise capital for a stock buyback program and more SOL purchases. The notes offering,
The power unit of bitcoin miner Hut 8 (HUT) has landed a five-year capacity contract with Ontario’s Independent Electricity System Operator, giving the Miami-based firm a dependable paycheck for 310 megawatts of natural-gas generation. The deal covers plants in Iroquois Falls, Kingston,
REX Shares and Osprey Funds have selected Anchorage Digital as the exclusive custodian and staking partner for their newly launched REX-Osprey Solana + Staking ETF (SSK), the first crypto staking exchange-traded fund (ETF) listed in the U.S. The fund, which offers investors
Cryptocurrency markets remain in a lull on Wednesday as the majority of assets continue to trade within a tight range. Cosmos’ ATOM token is no exception, it is currently trading around $4.00 and looks poised to make a continued move to the
Web3 promises an internet owned by its users, when in reality, the cash behind it now resembles a carnival barker’s till. Regulators are accelerating enforcement, courts are handing down multi-year sentences, and talent is migrating to sectors where equity rewards genuine traction.
Bitcoin (BTC) is set to defy historical post-halving patterns and push toward an all-time high in the second half, investment bank Standard Chartered (STAN) said in a research report Wednesday. The cryptocurrency’s price typically falls about 18 months after the halving, a
Singapore-based Genius Group Limited (GNS) has increased its bitcoin BTC holdings by 20%, bringing its treasury to 120 BTC at an average cost of $101,539 according to the SEC filing. The AI-powered education firm confirmed the purchase and announced plans to accelerate
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2994.89, up 1.2% (+34.94) since 4 p.m. ET on Tuesday. Seventeen of 20 assets are trading