Megawatts are still trading hands, and the AI trade is very much alive, according to investment banker Joe Nardini, as miners pivot to HPC and buyers chase scarce power.
The announcement comes just days after Bybit said it had returned to the U.K.
APT declined on heavy volume as the CoinDesk 20 index fell 2.8%.
The company manages a portfolio of consumer brands and holds about 2 million SOL, making it the fourth-largest solana treasury of any public company.
The crypto merchant bank’s head of research said bitcoin’s price in 2020 dollar terms peaked out this year at $99,848.
Bitcoin for the moment was unable to hold the $90,000 level reached prior to the U.S. market open.
An FT report alleged Binance failed to stop suspicious transactions, despite agreeing to pay $4.3 billion to settle a U.S. criminal case in 2023.
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
This is the company’s second sale of part of its ETH treasury, following a $40 million sale in October to fund share repurchases.
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
“My base case is that we can stay here for some period of time,” Cleveland Fed President Beth Hammack told the WSJ.
The Maple Finance CEO says institutions will stop distinguishing between DeFi and TradFi as private credit moves onchain, and stablecoins process $50 trillion in payments.