Bitcoin has recovered all losses from its big leverage flush out in just two days as it reclaims a key price level. Bitcoin prices have recovered to exceed $93,000 again during early trading in Asia on Wednesday morning. The move comes less than two days after it dumped to $84,000 in the latest violent
Kalshi has struck a newsroom deal with CNN that brings its prediction data into a media outlet for the first time. Summary Kalshi’s prediction data will appear on CNN across TV and digital segments. The company raised $1 billion at an $11 billion valuation to expand markets and blockchain integrations. Legal wins and new distribution
Key Takeaways Taurus partnered with Everstake to offer regulated, institutional-grade crypto staking services to banks and financial institutions. Clients can stake major digital assets such as SOL, NEAR, ADA, and XTZ while maintaining secure custody through Taurus-PROTECT. Share this article Taurus, a Switzerland-based digital asset infrastructure provider backed by leading financial institutions like Deutsche Bank,
The Federal Reserve’s decision to halt balance-sheet runoff comes as crypto pressure spreads across the market after a sharp weekend sell-off. As per Reuters’ report, the central bank ended quantitative tightening on December 1. It will now roll over maturing Treasuries and reinvest mortgage-bond payouts into Treasury bills. The goal is to keep reserves “ample”
Michael Burry, the investor known for predicting the 2008 financial crisis, has renewed his criticism of Bitcoin, stating the cryptocurrency is “worth nothing.” Summary Michael Burry says Bitcoin is “worth nothing” The investor, famous for predicting the 2008 financial crisis, renewed his criticism of the cryptocurrency as a speculative bubble lacking fundamental support. Crypto markets
Key Takeaways Bitcoin ETF trading volume reached $5.6 billion, indicating strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) has been a leading contributor to the surge in trading volume. Share this article US-listed spot Bitcoin ETF trading volume reached $5.6 billion today, reflecting heightened institutional and retail interest in crypto asset exposure through exchange-traded products.
Japan is preparing to overhaul its crypto tax system after more than a decade of investor complaints and industry lobbying. According to new reporting from Nikkei Asia, the government and ruling coalition have formally endorsed a plan to cut the nation’s maximum crypto tax rate to a flat 20%, aligning digital assets with equities and
The number of 100M+ XRP wallets dropped 20.6% over eight weeks, with 569 wallets exiting this category. XRP’s largest on-chain wallets show a mixed shift in recent weeks. New data from analytics firm Santiment reveals contrasting movements in wallet numbers and balances. The platform reports that the group of wallets holding at least 100M
Kraken, the third-largest centralized exchange by volume in the U.S., announced the acquisition of Backed Finance on Tuesday to expand its tokenized stock offering. Summary Kraken agreed to buy Backed Finance for an undisclosed price. Backed Finance boasts 23% market share; it offers exposure to more than 60 tokenized equities and ETFs. The integration is
Key Takeaways NVIDIA and Mistral AI have formed a partnership focused on accelerating the development of open-source language models. The collaboration continues existing efforts, including development of the Mistral NeMo 12B language model for chatbots and coding tasks. Share this article NVIDIA and Paris-based large language model (LLM) developer Mistral AI have formalized a strategic