Crypto downturn nukes $190M leveraged positions as traders eye CPI data

Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. 370 Total views 10 Total shares Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive…

Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents.The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable…

Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21.Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8…

A Galaxy Digital report reveals Ethereum’s decentralized governance avoids direct on-chain voting, detailing key stakeholder roles and transparency challenges.

The video-sharing platform added 188 Bitcoin to its treasury as the US president attempts to establish a crypto stockpile in government. 688 Total views 1 Total shares Video-sharing platform Rumble says it had purchased more than $17 million worth of Bitcoin as part of a previously announced investment strategy. In a March 12 notice, Rumble

Bitcoin (BTC) hit all-time highs of $20,000 in December 2017 before retracing — but another stock is now echoing its journey to an almost identical degree.Data from markets collated by crypto venture capitalist Mike Novogratz on Feb. 3 shows that Tesla stock ($TSLA) is currently closely mimicking Bitcoin from 2017.$TSLA hits record levelsPlacing BTC/USD from…

The exchange follows the likes of Binance, KuCoin and OKX in running self-custody wallets parallel to CeFi operations. 97 Total views 1 Total shares Cross-chain wallet BitKeep has changed its name to Bitget Wallet after the crypto exchange purchased a controlling stake for $30 million in March.According to the Aug. 10 announcement, the name change…

Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets. 156 Total views 226 Total shares Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the…