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Net inflows to spot XRP tokens turned positive early Thursday after days of outflows, putting the token in focus following a record-breaking month for its native decentralized exchange (DEX).Over $15 million in XRP flowed to centralized exchanges on Thursday led by deposits to Bybit and Kraken, Coinglass data shows. Spot
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Bitcoin (BTC) has become a store of value and an instability hedge for the world's wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC.The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have
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Bitcoin rose above $98,000 during Thursday's Asian trading hours after Eric Trump, son of U.S. President Donald Trump, encouraged BTC investment on X. "[It] feels like a great time to enter BTC," Eric Trump posted on X at 1:41 UTC, following which, BTC prices rose from $96,900 to $97,830. The
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MicroStrategy (MSTR) has changed its name to Strategy in a move to simplify its brand and reflect the focus of the company, it announced Wednesday.Strategy’s new logo includes the famous Bitcoin “B”, signaling the company’s Bitcoin Treasury Strategy, and the name's new primary color is orange.“This brand simplification is a
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As U.S. senators prepared to gather for a hearing about U.S. debanking of crypto clients, the interim chief of the Federal Deposit Insurance Corp. said his agency is overhauling its digital assets supervision and revealed more correspondence on Wednesday in which FDIC officials steered banks away from cryptocurrency business.Travis Hill,
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For decades, corporate treasuries have relied on cash, bonds and short-term investments to preserve capital. But inflation, devaluing fiat currencies and near-zero interest rates have challenged this approach. A new dark horse is emerging and corporate finance is about to change forever.BTC as a corporate reserve assetHistorically, corporations have kept
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Two venture-backed veterans of crypto's data storage subsector, Textile and 3Box Labs, the builder of Ceramic, have merged in an all-stock deal, CoinDesk has learned.The companies will operate under Textile's brand and retain their staff and data infrastructure- focused product lines. Textile CEO Andrew Hill will head the merged organization.Self-described
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The governance foundation for decentralized artificial intelligence (AI) ecosystem 0G has unveiled an $88 million fund for the creation of AI applications.The 0G Foundation is seeking submissions from teams developing decentralized finance (DeFi), on-chain data marketplaces for secure data sharing, AI-driven gaming and social applications, according to an emailed announcement
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3310.92, up 0.2% (+5.24) since 4 p.m. ET on Tuesday.Fourteen of 20 assets are trading higher.Leaders: AAVE (+6.9%) and LTC (+3.7%).Laggards: XRP (-1.2%) and SUI
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The ransomware business took a hit in 2024, with payments falling 35% year-over-year, according to a new report from Chainalysis.Though the number of ransomware attacks increased in 2024, ransomware gangs made less money, pulling in $814 million compared to 2023’s record-high sum of $1.25 billion. The blockchain analytics firm attributes
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