AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets. …
Backs
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DeFi
Coinbase backs Ethena ahead of savings product launch for exchange’s 100 million users
by shayaanby shayaanCoinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), said it had backed Ethena ($ENA), buying the protocol’s token on the …
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Finance
Anchorage Digital Backs Solstice as SLX Token Gains Institutional Support
by shayaanby shayaanAnchorage Digital has taken a strategic investment position in $SLX, the native token of Solana-based protocol Solstice. The move adds another regulated …
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Regulation
Kalshi backs prediction markets lobby group with former Trump official
by shayaanby shayaanKalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House …
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Markets
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
by shayaanby shayaanThe agreement necessitates firms restructure reward programs from a “buy and hold” to a “buy and use” model; however, CCI raised concerns …
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Finance
Bain & Company backs $320B stablecoin sector to rewire wholesale banking
by shayaanby shayaanA new report from the global consulting firm Bain & Company, one-third of the big three consulting firms with McKinsey & Company …
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Regulation
Crypto lobby backs formal removal of ‘reputation risk’ from bank examinations
by shayaanby shayaanUS crypto lobby group Blockchain Association has thrown its support behind the US Federal Reserve’s proposal to codify the removal of “reputation …
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Finance
Robin Markets raises $475,000 as VC backs Polymarket yield infrastructure
by shayaanby shayaanRobin Markets raised $475k to launch a staking product that turns Polymarket positions into yield, a targeted crypto VC bet in a …
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In brief The DOJ moved to intervene in xAI’s lawsuit challenging Colorado’s AI discrimination law. The department argues the law violates the …
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Analysis
Arthur Hayes Sets $500K Bitcoin Target For End Of 2026, Backs HYPE At $200
by shayaanby shayaanBitcoin price surged to $78,000 on Wednesday, hitting a new monthly high as strong institutional buying and easing geopolitical tensions boosted investor …