Crypto News

- US Fed to Host Payments Innovation Conference on Crypto and AI The Federal Reserve Board announced Wednesday it will host a conference on payments innovation on October 21, with a focus on emerging technologies in U.S. payment systems. The event will bring together regulators, academics, and industry participants to discuss ways to “innovate and improve the payments system,” according to the announcement. "Innovation has been a constant in payments to meet the changing needs of consumers and businesses," Federal Reserve Governor Christopher J. Waller said in a statement. The conference is positioned to bring together “ideas on how to improve the safety and efficiency of payments, and hearing from those helping to shape the future...

- Shares of American Bitcoin Corp (Nasdaq: ABTC) declined on their first day of trading following a tumultuous opening day session on Nasdaq. The stock opened at $9.22, traded as high as $14.52 intraday before ending the day at $8.01, down about 45% from its peak and up 16% from the open. The trading volume exceeded 29 million shares. The listing follows American Bitcoin's completed merger with Gryphon Digital Mining (GRYP), a transaction that was meant to accelerate access to public capital over a traditional IPO. American Bitcoin itself was formed five months after the merger of American Data Centers — owned by Donald Trump Jr. and Eric Trump — with a Canadian crypto mining company called Hut 8. It currently holds about 2,400...

- American Bitcoin Stake NEW YORK (Reuters) - A bitcoin company tied to President Donald Trump's two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons' stake at well over $1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin Corp, a bitcoin miner, soared as high as $14.52 in its first day of trade on the Nasdaq, before pulling back to be up 16.5% at $8.04 by the end of the day. The company is around 20% owned by Eric Trump and Donald Trump Jr. This values their stake in American Bitcoin at $1.5 billion at the close of trade, based on 908.6 million outstanding shares that American Bitcoin said it had in a September 2 stock exchange filing. The...

- Bitcoin's Price Is Flat, but the Hash Rate Just Hit a Record High Bitcoin's single-day hash rate on Tuesday hit a new high of 1.279 zettahash per second (ZH/s), according to mining data platform CoinWarz, even as the price of the asset remained roughly flat over the past 24 hours. The hash rate also reached a moving average high for seven days, surpassing 1 ZH/s for the period. The increases come despite miners' ongoing struggles with rising energy costs and lower rewards. After last year’s halving, the payoff for miners has fallen to 3.125 bitcoin, down from 6.250 previously. Miners typically rely on the price of Bitcoin to go up to cover costs, but continued volatility for the asset has spurred some large miners to branch into...

- Is Crypto Becoming a Global Phenomenon? A new report from Chainalysis shows that crypto adoption is now a truly global phenomenon, spreading across all income brackets. This article has been published in yahoo.com via Yahoo News. https://finance.yahoo.com/video/crypto-becoming-global-phenomenon-223427339.html

- In the world of cryptocurrency, the services that move data between the real world and blockchains are called oracles, and when oracles get upgraded, entire segments can grow. That's why a fresh policy experiment matters to investors. As of Aug. 28, the U.S. Commerce Department has begun publishing official economic data to blockchains, using Chainlink (CRYPTO: LINK) as the platform for delivering data feeds that investors and developers can use. So there's obviously been a big stamp of approval issued to Chainlink -- but does that mean that the value of its coin is going to explode? Why this data shift could be a major catalyst Chainlink is a decentralized oracle network that delivers tamper-resistant data to smart contracts...

- The Gemini crypto exchange filed an S-1 form with the Securities and Exchange Commission (SEC) on Sep. 2 to launch its initial public offering (IPO). As reported earlier, the exchange plans to raise as much as $317 million by selling 16.67 million shares at the price range of $17-$19 at a valuation of up to $2.22 billion. Third Bridge analyst says Gemini nailed IPO time Jacob Zuller, an analyst at the global investment research firm Third Bridge, thinks Gemini nailed its IPO timing. He told TheStreet Roundtable, "Gemini has chosen the perfect time to capitalize on the favorable environment, following the recent success of the Bullish IPO and regulatory shifts from a pro-crypto administration." Zuller added: Third Bridge experts...

- Why Immunovant Stock Blasted Higher Today Wednesday might have been a Hump Day of a slog to some investors, but not for those holding shares of Immunovant (NASDAQ: IMVT). On some rather encouraging news from the laboratory, the clinical-stage biotech's shares gained almost 11% in value, easily topping the 0.5% rise of the benchmark S&P 500. Proven results That afternoon, Immunovant shared data from a proof-of-concept study of its batoclimab. This is an investigational drug targeting Grave's disease (GD), an autoimmune disorder that results in the body producing too much thyroid hormone (also known as hyperthyroidism). The study, which lasted nearly one year, saw 17 of the 21 patients dosed with the drug maintain normal thyroid...

- Biotech Firm Portage Shifts to Digital Asset Treasury Biotech firm Portage Biotech is the latest publicly traded firm to shift its focus to a digital asset treasury, securing around $100 million to build a treasury centered on Toncoin (TON)—the asset linked to popular messaging app Telegram and its digital ecosystem. As part of the strategy shift, the firm will be renamed AlphaTON Capital Corp. and will shift its ticker from PRTG to ATON on the Nasdaq, effective Thursday. “At AlphaTON Capital, we see investing in TON as the biggest opportunity for the mass adoption of decentralized technologies," the firm’s incoming CEO Brittany Kaiser told Decry.pt. “TON is at the beginning of its explosive growth curve,” she added, “now that it...

- Not Very Bullish? Peter Thiel-Backed Crypto Stock Is Overpriced, Says Compass Point Analysts at investment bank Compass Point initiated coverage of crypto exchange Bullish with a neutral rating and a $45 price target, about 16% below its current price, amid wariness about its ability to crack the U.S. market. Ed Engel and Abdullah Dilawar wrote that the U.S. Congress had yet to pass the CLARITY Act, market structure legislation that would clarify the jurisdictions of the Securities and Exchange Commission and Commodity Futures Trading Commission. New York State's restrictive BitLicense could also hinder Bullish's efforts, they wrote. "We have a hard time seeing Bullish entering U.S. markets until Congress passes market structure...

- The U.S. Department of Commerce has teamed up with Pyth Network to publish official economic data on blockchains, a move that signals Washington’s push toward modernizing financial infrastructure. Mike Cahill, CEO of Douro Labs — the primary developer of Pyth Network — stated that the current administration is intent on making the U.S. a leader in digital assets. “The current administration is very crypto friendly and happy to explore the innovations that this allows,” Cahill said. “There is a real appetite for the United States to become the world leader in financial technology innovation.” He noted that U.S. Commerce Secretary Howard Lutnick’s experience modernizing Treasury markets played a role in advancing the partnership...

- Elon Musk's go-to lawyer is heading a Dogecoin treasury A Nebraska-based cleaning products firm announced a nearly $200 million move to build what's being billed as the only "official" Dogecoin treasury company — and Elon Musk's go-to attorney is heading up the effort. CleanCore Solutions on Tuesday issued a public statement naming Musk's longtime personal attorney, Alex Spiro, as the chairman of its board of directors. The Dogecoin meme cryptocurrency has long been backed by Musk. Spiro, a partner at the New York office of Quinn Emanuel Urquhart & Sullivan, did not immediately respond to a request for comment on Wednesday. Spiro has helped Musk defeat a defamation lawsuit and worked on several other cases for the Tesla CEO. The...

- Gotta Catch ‘Em All? Tokenized Pokémon Cards Are Exploding Right Now Tokenized Pokémon cards are seeing renewed interest lately, partly due to the recent debut of a token for a Solana-based project called Collector Crypt. Like several other projects, Collector Crypt offers customers "packs" that contain NFTs, which can be redeemed for physical trading cards that are graded and stored by third-parties. The project also operates a marketplace for connecting buyers and sellers. The project conducted a presale for its CARDS token on Solana using the protocol Metaplex, and its market cap jumped to a peak of $85 million on Wednesday from $23 million a day before, according to crypto data provider CoinGecko. CARDS' market cap recently...

- 80 investors backed a Dogecoin treasury firm — its stock just crashed 50% CleanCore Solutions (NYSE: ZONE) stunned markets this week with an audacious pivot into Dogecoin, but investors weren’t exactly cheering. Shares of the NYSE-listed company cratered more than 54% to $2.69 on Tuesday after it revealed plans to put the meme-inspired cryptocurrency at the center of its treasury strategy. The move is being spearheaded by Alex Spiro, Elon Musk’s longtime attorney and now CleanCore’s newly appointed board chairman. Spiro has represented Musk, Jay-Z, and Alec Baldwin — but now he’s steering a $200 million Dogecoin treasury company that is already sparking headlines. 80 investors put money into DOGE indirectly CleanCore disclosed a...

- Another analyst wants to 'step off' MicroStrategy's 'rollercoaster entirely' A Seeking Alpha analyst who's big on Bitcoin has now come up with a strategy for Strategy's stock (MSTR). Strategy (previously known as microStrategy) is Wall Street's largest corporate Bitcoin holder. Sismanis' recent research presents the intelligence and creativity while advising investors on the financial possibilities of Strategy's playbook. Instead of only listing units of stock for sale, Strategy has established a set of preferred shares - STRK, STRF, STRD, and STRC - which are customized for different types of investors. STRK provides an 8% yield and can convert into stock, offering the yield and upside of Bitcoin ownership. STRF is the...

- Polymarket wins CFTC approval to launch in U.S. The Commodity Futures Trading Commission (CFTC) has given the green light to the crypto-based prediction market Polymarket to go live in the U.S., CEO Shayne Coplan shared on X on Sep. 3. The CFTC staff announced taking a "no-action position" regarding swap data reporting and recordkeeping regulations for event contracts in response to a request from QCX—a CFTC-licensed derivatives exchange Polymarket acquired for $112 million in July. Investigation into Polymarket Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders predict events like Bitcoin price, U.S. election results, Taylor Swift's engagement, etc., by paying...

- U.S. Bancorp has restarted bitcoin custody services following the demise of Biden-era regulatory guidance that had suggested banks needed to report crypto-related assets as liabilities. The Minneapolis-based superregional bank announced the revival, saying the services are meant for institutional investment managers with registered or private funds who "seek a secure safekeeping solution" for bitcoin. NYDIG, the bitcoin firm with which U.S. Bancorp originally partnered, will act as the bitcoin sub-custodian, while the bank will be the client intermediary. In the service's latest iteration, U.S. Bancorp has expanded its offering to include bitcoin exchange-traded funds. Doing so means the company will now be able to "provide...

- An Inside Look into the UAE’s $700 Million BTC Holdings The nation-state Bitcoin narrative took center stage last week with a major revelation that the United Arab Emirates (UAE) holds roughly ~$700 million in bitcoin, all mined from the country’s extensive, state-owned bitcoin mining venture. UAE holds 6,335 BTC from Bitcoin mining Charlie: The on-chain sleuths at Arkham Research figured out where the UAE has been stockpiling all of their mined Bitcoin. We have a wallet that Arkham identified with $700 million in Bitcoin that’s been mined from a mining site near Abu Dhabi in the UAE. It’s owned and operated by Citadel – not Ken Griffin’s Citadel, but rather a domestic company from the UAE. We’re looking at $712 million associated...

- Trollface Meme Creator Grants Exclusive IP Rights to Solana Token in Six-Figure Deal The team supporting Solana meme coin TROLL has signed a six-figure deal with the creator of the vintage internet meme it’s based on: Trollface. The copyright license agreement gives the meme coin project IP rights to use the iconic meme in its coin-related images, memes, and merchandise. The agreement between Carlos Ramirez, the Trollface artist, and the meme coin community takeover team, Troll Network Limited, is an exclusive and worldwide license within the crypto and meme coin space, a source familiar with the deal said. There’s one exception to the exclusivity, however: another meme coin that Ramirez created and earned royalties from in the...

- Trump Family’s New Crypto Value Slumps in First Week Trump Inc.’s World Liberty Financial crypto project has slumped in value since launching at the start of this week. The $WLFI token, which was founded by Eric and Donald Trump Jr. with their father named as “co-founder emeritus," launched at the start of this week and hit a peak of about $0.31. But it has fallen about 28% since then, valued at about $0.22 on Wednesday, according to crypto data firm CoinGecko. World Liberty Financial was set up in October 2024 and created 100 billion tokens. It said that it sold a quarter of those for $550 million, but they were not tradable. Holders could use them to vote on corporate plans at the group. Then, this summer, a vote passed to make...