Key Points:Tether’s USDT reaches $155 billion market cap, setting a record high.Holds 59.5% of stablecoin market share.Increased transparency attracts institutional interest.
Impact on the broader market revealed the influence of USDT…
Social media was set on fire this week with claims that Elon Musk is planning to buy $50 billion worth of XRP, Ripple’s native cryptocurrency. The rumor, which originated from…
Dogecoin is showing signs of unusual activity. While many major cryptocurrencies are noting drops in key metrics, Dogecoin’s on-chain data is pointing in a different direction. According to IntoTheBlock data,…
In brief
GameStop upsized its latest offering of convertible senior notes to $2.25 billion from $1.75 billion.
Although GameStop shares held ground on Friday, they fell 24% throughout the week.
GameStop purchased 4,710…
A sudden wave of selling hit crypto markets in the early hours of Friday, as reports of an Israeli airstrike on Iran set off fresh jitters. Bitcoin sank 5%, slipping…
In brief
Meta has acquired a 49% stake in Scale AI for $14.3B, its second-largest deal ever.
Scale CEO Alexandr Wang has joined Meta to lead a new superintelligence lab.
The investment illustrates…
Peter Schiff is back on social media, criticizing Michael Saylor's Bitcoin strategy again. This time, the infamous expert called it a "complete fraud" that he thinks will ultimately lead to…
In brief
Publicly traded DeFi Development Corp. entered into an agreement for a $5 billion equity line of credit.
The firm will use any proceeds from the issuance and sale of…
DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the…
In brief
A new Boston Consulting Group report indicates that India’s AI market is set to triple to $17 billion by 2027.
India's AI boom will be driven by enterprise adoption, digital…