US reserves status quo: Gold, oil and the emerging role of Bitcoin The US government has long relied on gold and oil as reserve assets, but with the growing institutional adoption of Bitcoin (BTC), its potential role as a strategic reserve has increased substantially. This possibility and potential of the Bitcoin strategic reserve have seen … Read more
MEXC Ventures, the investment arm of crypto exchange MEXC, is investing a total of $36 million into Ethena and its USDe stablecoin, according to a press release. The firm is making a strategic investment of $16 million in Ethena and bought $20 million in USDe stablecoin to expand the adoption of synthetic dollars in decentralized … Read more
The recent hack of crypto exchange Bybit highlights the value of self-custody wallets, broker Benchmark said in a Wednesday report initiating coverage of Exodus Movement (EXOD). The broker started coverage of the crypto wallet firm with a buy rating and a $38 price target. The shares rose 5.7% to $25.89 in early trading. The Nebraska-based … Read more
Nasdaq-listed video-sharing platform Rumble (RUM) has invested $17.1 million in bitcoin (BTC) adding 188 BTC to its corporate treasury, the company announced. The purchase was made at an average price of $91,000 per coin. The move is part of Rumble’s previously disclosed plan to adopt a bitcoin treasury strategy and allocate up to $20 million … Read more
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 2612.1, up 0.8% (+19.92) since 4 p.m. ET on Tuesday. Twelve of 20 assets are trading higher. Leaders: HBAR (+4.4%) and AVAX (+4.2%). Laggards: APT (-5.7%) and AAVE (-4.2%). … Read more
American asset manager Franklin Templeton has entered the growing XRP exchange-traded fund (ETF) race, becoming the latest firm to file for a spot XRP ETF in the United States. Franklin Templeton’s XRP (XRP) ETF is designed to track the performance of the XRP price, with XRP holdings stored at Coinbase Custody Trust, according to an … Read more
Strong and smart security operations teams are at the heart of any cybersecurity strategy, and today a startup that builds tooling to help keep them on their toes is announcing some funding on the back of a lot of growth. Pentera — which has built a system that launches simulations of network attacks to stress … Read more
Elliot Wolf, the executive producer and son of “Law & Order” creator Dick Wolf, is entering a new venture aimed at engaging true crime fans. He, along with co-founders Andrew Adashek (CEO) and Noah Rosenberg (CTO), are developing Wolf Games, a new startup that leverages AI to generate daily murder mystery games. The company also … Read more
Real-world asset (RWA) tokenization company Securitize has selected RedStone as the primary oracle provider for its tokenized products, which include BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED). According to a March 12 announcement, RedStone will deliver price feeds for current and future tokenized products offered by Securitize. … Read more
Bitcoin’s next significant price catalyst may arrive Friday as the US debt suspension period comes to an end, potentially injecting fresh liquidity into markets and driving a price rebound. The US Treasury hit its $36 trillion debt ceiling a day after President Donald Trump’s inauguration on Jan. 20. A “debt issuance suspension period” began then … Read more
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Rivian is pushing a software update to its second-generation vehicles that includes a hands-free highway driving feature, the company said on Tuesday. It was a notable announcement, considering the company has lagged behind its competitors in introducing partially automated driving features similar to Tesla’s Autopilot and General Motors’ Super Cruise. The update enables drivers to … Read more
The Russian central bank is considering a new experimental regime to legally authorize select Russian investors to trade cryptocurrencies. On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin (BTC). “In accordance with the instructions of the President of Russia, … Read more
Inflation has cooled significantly in February, but it remains above the Federal Reserve’s 2% target.
The liquidation of an over $200 million long trade on ether (ETH) lead to a $4 million loss for Hyperliquid, where the “whale” placed the bet. The liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then … Read more
Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in the plan as spring and summer approach. The Consumer Price Index rose 0.2% in February, according to a report from the Bureau of Labor Statistics on Wednesday morning. Expectations were for 0.3% and January’s pace was 0.5%. … Read more
Meta is facing an AI copyright lawsuit in France that’s been brought by authors and publishers who are accusing it of economic “parasitism,” Reuters reports. The French litigation was filed in a Paris court this week by the National Publishing Union (SNE), the National Union of Authors and Composers (SNAC), and the Society of People … Read more
Ditto, a company that’s setting out to bring “resilient” connectivity to edge devices, has raised $82 million in a Series B round of funding at a post-money valuation of $462 million, more than double its Series A valuation from 2023. “Edge,” in the context of Ditto’s industry, refers to a distributed computing model that brings … Read more
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Mobile gaming giant Scopely on Wednesday said it has agreed to acquire Pokémon Go maker Niantic’s gaming division for $3.5 billion. © 2024 TechCrunch. All rights reserved. For personal use only.
Niantic Labs has announced that it’s selling its video game division to Saudi Arabia-owned mobile developer Scopely for $3.5 billion after struggling to replicate the success of Pokémon Go across its other AR games. The newly inked agreement includes Niantic’s Pokémon Go, Monster Hunter Now, and Pikmin Bloom mobile gaming titles. “Niantic games have always … Read more
:::tip You’re reading an interview from HackerNoon’s Startup Founder Interview Series! Would you like to take a stab at answering some of these questions? The link for the template is HERE. ::: 1. What is your company in 2–5 words? The modern spend platform. 2. Why is now the time for your company to exist? We … Read more
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The Web3 gaming industry is facing tighter investment conditions as capital flows become more selective, with investors prioritizing sustainable projects over hype-driven fundraising. In February, Gunzilla Games Web3 director Theodore Agranat described blockchain gaming as a “game of musical chairs” in which the same capital cycles through different projects and “no new money” comes in. … Read more
The European Union’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin prices, which may drop below the critical $75,000 support level. The EU will impose counter-tariffs on 26 billion euros ($28 billion) worth of US goods starting in April, the European Commission announced on March 12, responding … Read more