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Is BitGo’s $4.3B quarter a sign of an institutional crypto boom?
BitGo reported an increase in revenue of 80% to $4.33 billion in the second quarter, indicating where institutional money is flowing in the global crypto market. The results of the newly listed custodian provide the market with insights into the level of demand. However, the $19 million net loss demonstrates the vulnerability of infrastructure companies...Cryptopolitan
Thu, Aug 13
Hyperliquid Price Forecast: HYPE eyes 50-day EMA breakout as bullish momentum builds
Hyperliquid (HYPE) is trading in the green on Thursday, extending gains toward the 50-day Exponential Moving Average (EMA) at $58.36. Institutional demand remains firm as Hyperliquid treasury Hyperion DeFi saw a $31 million fair value increase in the last quarter.Fxstreet
Thu, Aug 13
Anthropic targets $2T valuation in October IPO challenging SpaceX’s record
Investors expect Anthropic to reach a valuation of $2 trillion or more in October, easily surpassing SpaceX’s market debut as the largest IPO in history. So far, the firm’s backers have asserted that its accelerating revenue growth and the growing demand for its cutting-edge AI models would justify a twofold increase in valuation for its...Cryptopolitan
Thu, Aug 13
Asia turns into testing ground for stablecoin payment rails
Asia is becoming the first region where large-scale pilot programs for blockchain-implemented payments are taking place. Authorities in Singapore, Hong Kong, and Japan are creating regulatory frameworks that will enable the use of stablecoins to transfer money under supervision. This is important because these frameworks are progressing from being only in consultation mode to being...Cryptopolitan
Thu, Aug 13
Binance bStocks Overtakes xStocks to Become the Second Largest Tokenized Stock Issuer
Binance bStocks growth story since launching in June has been nothing short of remarkable. In terms of market share, it is now the second largest issuer of tokenized stocks by market cap. Token Terminal data shows that the product is now at a $610.6 million market cap, or 22.1% of the entire sector. Backed’s xStocks,...Cryptopolitan
Thu, Aug 13
Top Altcoins Price Forecast: XRP holds at make-or-break level, ADA and SOL risk 50-day EMA breakout
Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are facing downside pressure, holding at crucial support levels. The technical outlook for XRP, ADA, and SOL indicates a mild bearish bias as downside pressure mounts.
Monero Price Forecast: Extends rally as derivatives metrics, technical signals turn firmly bullish
Monero (XMR) extends its gains, trading above $397 on Thursday after finding support around the key support zone the previous day. Strengthening derivatives metrics and a constructive technical outlook suggest momentum is building, hinting at a further rally for XMR.Fxstreet
Thu, Aug 13
Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds
Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels.Fxstreet
Thu, Aug 13
Hyperion DeFi’s $31M profit highlights HYPE as crypto market slumps
On August 12, Hyperion DeFi, the first U.S.-listed company to build on Hyperliquid, announced its record net income of $31 million in the second quarter. This amount is more than tripled since the company made a profit of $8.8 million during the first quarter. Hyperion attributed the jump in its net income to the rising...Cryptopolitan
Thu, Aug 13
Crypto ATM market contracts as Arizona refunds highlight global regulatory crackdown
Arizona has managed to reimburse cash amounting to $171,332 to 35 victims of crypto ATM scams as per a refund law, enacted last September, which is part of a crackdown on cash-to-crypto conversions prevalent in the United States and elsewhere. The change is clear in the machines themselves. Data from Coin ATM Radar reveal that...Cryptopolitan
Thu, Aug 13
AI infra, data center funding headlines Bank of America's $250B spending commitment
Bank of America (NYSE: BAC) has announced that it plans to spend $250 billion building US infrastructure in the next 18 months. The bank plans to focus on data centers, chips and power generation. The plan lands as a major boost for stakeholders of the AI and computing buildout, even as data centers ramp up...Cryptopolitan
Wed, Aug 12
Gemini crosses 1 billion users as Google's models trail on benchmarks
Google announced this week that its Gemini app has passed 1 billion monthly users. This development comes in spite of the fact that independent testing ranks Gemini’s strongest models below releases from its rivals, Anthropic and OpenAI. Gemini hits 1 billion monthly users Google, which is currently running its Made by Google showcase, announced this...Cryptopolitan
Wed, Aug 12
SpaceX shares jumps 11% to about $148, putting the stock 10% above its IPO price
SpaceX (NASDAQ: SPCX) shares had a big Wednesday, jumping 11% and ending the session at around $148. That puts the stock well above where it started trading after its IPO. SpaceX is now sitting roughly 10% higher than its $135 IPO price and about 41% above the low it hit on Aug. 3. The stock...Cryptopolitan
Wed, Aug 12
Pennies on the dollar: BubbleMaps recalls warnings as LAB crashes 99%
LAB token, which the blockchain analytics firm BubbleMaps warned holders about, has fallen 99%. The token’s combined value of an early presale group has dropped from about $1 billion to roughly $6.8 million. Why did LAB crash? The LAB crash started in early June, just days after it hit its all-time high of $27.22. BubbleMaps...Cryptopolitan
Wed, Aug 12
Uber dumps its entire stake in Serve Robotics
Uber has sold all its shares in Serve Robotics, the sidewalk delivery robot company it spun out five years ago. Serve only learned about the sale when the regulatory filing became public. Regulatory filing details Uber’s Serve divestment Uber revealed the sale in a regulatory filing last week. The document shows the sale happened between...Cryptopolitan
Wed, Aug 12
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