Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400. Key takeaways: Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying. Ether’s ascending triangle projects an ETH price rally to $3,315. Ethereum accumulators add…
In brief Google DeepMind and Fenris Creations (formerly CCP Games) are teaming up to study AI behavior in complex, player-driven game environments. The initial research will run on offline, controlled Eve Online builds not connected to Tranquility, the game’s live server. DeepMind has taken a minority stake in Fenris after it spun out from Pearl…
Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Bitcoin stops short of tapping $83,000 as momentum becomes guided by geopolitical developments. Oil sees flash volatility around rumors of the Strait of Hormuz opening. Bitcoin trader sees a price reset to a…
In brief Reform UK leader Nigel Farage claims he was under “no obligation” to declare a $6.7 million (£5 million) personal gift from Tether stakeholder Christopher Harborne. Harborne has donated £12 million to Reform UK and claims to be “the reason” for a cap on overseas donations introduced last month. Farage claimed the gift was…
In brief 21shares launched the Strategy Yield ETN (STRC) on the London Stock Exchange, providing U.K. investors access to Strategy’s preferred shares. The ETN offers an 11.50% yield paid monthly in cash with tax deferral benefits. Strategy holds about $67 billion worth of Bitcoin and has seen surging demand for its STRC shares this year….
Zcash (ZEC) has outperformed the broader crypto market over the past month, rising by over 125% compared to an average 15% gain for most coins. ZEC/USD versus TOTAL crypto market cap 3o-day performance chart. Source: TradingView The privacy-focused cryptocurrency may rally further in the coming weeks as a mix of bullish technical and fundamental catalysts…
As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks. These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin…
Morgan Stanley has rolled out a cryptocurrency trading pilot on its E*Trade platform, charging lower basic retail fees than some of the largest US crypto and brokerage platforms. The Wall Street bank is charging clients 50 basis points on the dollar value of each crypto transaction, undercutting Coinbase, Robinhood and Charles Schwab on standard retail…
Samsung SDS, Samsung’s information technology services subsidiary, will reportedly build a token securities platform for the Korea Securities Depository (KSD), moving South Korea’s central securities depository closer to operating blockchain-based securities infrastructure as the country prepares a legal framework for tokenized assets. Samsung SDS won a contract to build and operate the platform for KSD,…
In brief Anthropic launched 10 AI agent templates for financial tasks like pitchbooks, KYC screening, and month-end close. The release adds deeper Microsoft Office integration, as well as new data connectors to financial industry software. The launch coincides with growing concerns over AI-driven cybersecurity risks and automation-fueled layoffs. Anthropic on Tuesday unveiled a suite of…