Category: crypto

JPMorgan plans to allow institutional clients to use Bitcoin and Ethereum as loan collateral by the end of the year, reflecting a growing trend of mainstream banks embracing crypto assets. This move could increase liquidity in the market and provide flexible financing options for investors. JPMorgan’s CEO has previously been skeptical of cryptocurrency but appears…

Ark Invest CEO Cathie Wood purchased $21.3 million worth of Robinhood shares, boosting the stock by 6%. This investment follows Ark’s recent focus on crypto, including filings for Bitcoin ETFs and holdings in Coinbase, Bullish, and BitMine. Robinhood’s expansion into crypto likely influenced Ark’s decision to increase its stake in the company.

WSPN has launched Checkout, allowing e-commerce platforms to accept and settle major stablecoins in real time. The product aims to address cross-border payment delays and high fees by integrating stablecoin rails into merchant infrastructure. WSPN plans to standardize stablecoins in various financial products and has gained significant support from investors and industry experts.

Tether’s QVAC division has launched Genesis I, a large synthetic dataset with 41 billion tokens for training AI models in scientific reasoning. They aim to challenge Big Tech’s control over AI intelligence. QVAC Workbench allows users to run AI models locally. Tether believes in democratizing access to high-quality AI training data.

Telegram has partnered with Affluent to allow users to earn DeFi yield through its in-app self-custodial wallet. The integration will enable users to earn yield on their USDT balances. This is a step towards making DeFi more accessible to over 100 million active users of Telegram’s wallet.

Crypto.com has applied for a National Trust Bank Charter to gain federal oversight and focus on institutional custody strategy. CEO Kris Marszalek views this move as a strategic escalation of regulated offerings. Other major firms in the digital asset industry, such as Ripple and Coinbase, are also pursuing federal charters.

Ripple has completed the acquisition of prime brokerage firm Hidden Road and renamed it Ripple Prime. This acquisition is part of Ripple’s strategy to further XRP and Ripple USD adoption. Ripple plans to integrate digital assets and traditional finance assets into the platform, and Hidden Road’s founder will work alongside Ripple’s team. Ripple has made…

US stocks surged after the release of the September consumer price index inflation report, with the Dow Jones Industrial Average rising over 350 points and both the S&P 500 and Nasdaq reaching new all-time highs. The positive reaction from investors was triggered by the lower-than-expected inflation data, leading to optimism in the market.

Solana price is holding steady above $190 amid increased interest from institutions and regulators. Fidelity added SOL to its trading suite, while Hong Kong approved the first Solana ETF. Solmate Infrastructure shares surged 50% after announcing an M&A plan. Despite institutional support, technicals for SOL remain weak.

SpaceX, owned by Elon Musk, transferred $134 million worth of Bitcoin to new wallets on October 24. This follows a previous transfer of $268 million earlier in the week after three months of inactivity. Analysts speculate on potential wallet reorganization, with SpaceX currently holding about 6,970 Bitcoin worth $770 million.