The crypto exchange Gemini is raising the price target for its initial public offering (IPO), now aiming for a valuation of over US$3 billion as it prepares to debut on Friday under the ticker GEMI. The company’s revised SEC filing shows it plans to sell 16.67 million shares at aContinue Reading
Bitwise CIO Matt Hougan has criticised US banks for lobbying against stablecoins, arguing that they should instead increase the interest rates on deposits to compete with the new financial products. Hougan’s comments were a direct response to a Bloomberg report that highlighted the vulnerability of community and regional banks toContinue Reading
Nebius has secured a massive US$17.4 billion (AU$26.36 billion) deal to supply Microsoft with GPU technology for its AI infrastructure. Shares of crypto mining companies surged, with Bitfarms climbing 22% and Cipher Mining rising 20%, leading the sector’s gains. Nebius stock soared nearly 50%, reaching an intraday high of US$98.68Continue Reading
Ripple has partnered with Spanish banking giant BBVA to provide institutional-grade custody technology for BBVA’s new retail Bitcoin and Ethereum trading service across Spain. The partnership aligns with Europe’s MiCA regulation and extends Ripple’s existing relationship with BBVA, which already uses Ripple’s custody technology in Turkey and Switzerland. Despite positiveContinue Reading
QMMM announced a US$100m (AU$153.2m) crypto treasury, sending shares up 2,300% before closing at US$207 (AU$317.1). Gains cooled in after-hours trading, with shares down nearly 25% to US$156.31 (AU$239.40). CEO Bun Kwai highlighted fast-growing blockchain adoption as the driver of QMMM’s digital asset strategy. Hong Kong-based investment company QMMM Holdings’Continue Reading
Charles Hoskinson, the founder of Cardano, has slammed the US healthcare system, describing it as “fucked” and alleging it functions primarily to make profits at the expense of patient outcomes. Hoskinson is working to create an alternative system, plowing US$200 million (AU$303m) of his own money into a healthcare centreContinue Reading
The first US exchange-traded fund (ETF) to hold an asset with no utility, the Rex-Osprey Doge ETF (DOJE), is scheduled to begin trading on Thursday, signaling a new era for institutional investment in speculative digital assets. Unlike most crypto ETFs that use the Securities Act of 1933, this fund isContinue Reading
Ant Group’s enterprise arm is tokenising US$8.4 billion worth of Chinese energy infrastructure, including data from 15 million solar panels and wind turbines, on its proprietary AntChain blockchain. The company has already used tokenisation to finance three clean energy projects, raising US$42 million, and is now exploring listing these tokensContinue Reading
US Representative David P. Joyce has introduced a bill requiring the Treasury Department to study the feasibility of a federal Strategic Bitcoin Reserve and a broader digital asset stockpile. The legislation, which must be approved by the full House and Senate, directs the Treasury to report on how it wouldContinue Reading
SwissBorg lost around $41M in Solana after hackers exploited a flaw in staking partner Kiln’s API. The company has assured users their assets remain secure and promised reimbursement through its SOL reserves. SwissBorg is pursuing fund recovery with the help of security specialists and white hat hackers. Community reaction isContinue Reading
