JPMorgan Chase CEO Jamie Dimon told analysts in April that the roughly $1.8 trillion private credit market doesn’t pose a systemic risk. …
Billion
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Mining
Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
by shayaanby shayaanBitcoin BTC$64,432.07 miner and AI infrastructure developer Hut 8 (HUT) jumped as much as 14% after announcing a $9.8 billion, 15-year lease …
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Stablecoin Market Sheds More Than $12 Billion Since Mid-May The fiat-pegged crypto coin sector, as tracked by defillama.com on Saturday, Jul. 18, …
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Finance
Elon Musk’s Net Worth Falls Below $900 Billion After SpaceX Stock Retreat
by shayaanby shayaanElon Musk’s net worth has dropped below $900 billion after a decline in SpaceX shares wiped out more than $500 billion from …
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Finance
Circle became a federal trust bank – now lenders warn stablecoins is projected to drain $500 billion
by shayaanby shayaanWashington just gave one of the world’s largest digital currencies a more official place in the US financial system. On July 10, …
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Markets
Here is why a massive $1.6 billion in crypto liquidity is sitting idle and wasting away
by shayaanby shayaanAbout $542 million weekly sat outside active trading ranges, meaning this capital earned zero fees and provided no market depth. www.coindesk.com
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Finance
Startale Group Joins SBI and DigiFT to Tokenize a $1.3 Billion Equity Fund With JPYSC Stablecoin
by shayaanby shayaanBridging the Gap in Digital Capital Markets SBI Group, DigiFT, and Startale Group announced a joint initiative demonstrating how JPYSC, a trust-based …
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Markets
Stripe’s $53 billion PayPal bid is a high-stakes play to own the future of digital payments
by shayaanby shayaanIf Stripe acquires PayPal, the real prize could be consumer wallets, stablecoin issuance or the infrastructure powering the next generation of digital …
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Markets
Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion
by shayaanby shayaanThe exchange’s first institutional funding round values it at $20 billion and will fund expansion into tokenized securities and derivatives. www.coindesk.com
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Adoption
Stripe And Advent Bid $53 Billion For PayPal In A Stablecoin Consolidation Play
by shayaanby shayaanThe bid lands as stablecoin legislation faces a critical Senate vote, and as Wall Street and fintech giants increasingly view on-chain payment …