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Financial News

Trump-backed American Bitcoin (ABTC) executive Matt Prusak joins Giga Energy

Trump-backed American Bitcoin (ABTC) executive Matt Prusak joins Giga Energy

4 weeks ago by Crypto InsightsCrypto

Matt Prusak, president and interim chief financial officer of Trump-linked bitcoin miner American Bitcoin (ABTC), is leaving the company to join AI and energy infrastructure developer Giga Energy, marking another senior executive move toward the power sector that is increasingly underpinning both bitcoin BTC$62,561.89 mining… Read More

BlackRock expands tokenized cash with new blockchain-based money market offerings

BlackRock expands tokenized cash with new blockchain-based money market offerings

4 weeks ago by Crypto InsightsCrypto

BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday. Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission… Read More

Bitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses rattle market

Bitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses rattle market

4 weeks ago by Crypto InsightsCrypto

Treasuries rallied across the curve as the oil move eased inflation worries, taking the 10-year yield down four basis points to 4.69% after it hit its highest since January 2025 last week. Nasdaq 100 futures and European share futures both gained 0.8%. Gold added 0.3%… Read More

Legacy crypto on-ramps and bridges will disappear as payments become invisible, Fun CEO says

Legacy crypto on-ramps and bridges will disappear as payments become invisible, Fun CEO says

4 weeks ago by Crypto InsightsCrypto

While those applications have become increasingly visible, the infrastructure that enables deposits, withdrawals and settlement has largely remained behind the scenes. Fun is one of the companies building that infrastructure. The firm said it powers 100% of deposits and withdrawals on Polymarket and deposit flows… Read More

Michael Saylor and team maintain 12% dividend for STRC

Michael Saylor and team maintain 12% dividend for STRC

4 weeks ago by Crypto InsightsCrypto

Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August. Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares. STRC investors may have been expecting as much as a 50-basis-point hike in… Read More

Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

4 weeks ago by Crypto InsightsCrypto

Trading volume for tokenized stocks and ETFs surged 288% to a record $11.3 billion in July, though most of the increase came from a single Binance-linked token. Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins &… Read More

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