U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits. The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average
Key Takeaways Circle is considering a sale to Coinbase or Ripple while still pursuing an IPO. Ripple’s $4-5 billion offer for Circle was rejected as too low. Share this article Circle Internet Financial, the firm behind USDC, the second-largest stablecoin, is exploring a possible sale to Coinbase or Ripple, Fortune Crypto reported Monday, citing four
In cryptocurrency trading, privacy and speed are the most important factors for many users. Traditional exchanges often require lengthy sign-ups and identity verification, forcing traders to divulge personal information and wait hours (or days) before they can transact. Enter SwapRocket, the platform that changes the future of crypto exchanges by offering no-KYC, fast, and anonymous
TL;DR The Necessary Condition Solana’s SOL has been in a downtrend in the past week and is far from its all-time high registered in January this year. As of this writing, it trades at around $161, representing a 45% decline from the historic peak. However, some analysts believe a renewed rally might be knocking on
Pi Network price continued its downward trend on Monday following last week’s ecosystem news event. Pi Coin (PI) token plunged to a low of $0.7165, down by 57% from its highest level this month. It is also hovering near its lowest level since May 9. It has erased over $4.21 billion in value in the
Key Takeaways JPMorgan will allow clients to purchase Bitcoin but won’t provide custody services. CEO Jamie Dimon has shifted from his past criticism to allowing Bitcoin purchases, despite skepticism. Share this article JPMorgan will soon allow clients to buy Bitcoin, though it will not provide custody services for the asset, CEO Jamie Dimon confirmed on
TL;DR A new collaboration aims to give American investors additional options to gain exposure to CRO. Despite the disclosure, the token’s valuation is down 6% for the day, coinciding with the broader decline of the digital asset market. The Deal’s Specifics The popular cryptocurrency exchange Crypto.com shook hands with the investment management firm Canary Capital
DigiAsia Corp. has announced a strategic plan to incorporate Bitcoin into its corporate treasury. With Board approval, the company will allocate up to 50% of its net profits toward acquiring Bitcoin (BTC) as a long-term digital reserve asset, according to a company release. To jumpstart the initiative, DigiAsia, a fintech firm focused on digital financial
Key Takeaways Strategy purchased 7,390 Bitcoin for $555 million at an average price of $103,498. The company aims to hold $42 billion in Bitcoin by 2027, accumulating 576,230 BTC so far. Share this article Michael Saylor’s Strategy on Monday disclosed it had purchased 7,390 Bitcoin between May 12 and 18, investing around $765 million in
Strategy, the business intelligence software company founded by Michael Saylor, has grown its Bitcoin stash to 576,230 BTC after its most recent acquisition. Its Monday announcement followed Metaplanet’s purchase, which was the second-largest in its Bitcoin-focused history. Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of