Canaan Inc. (CAN), the Singapore-based manufacturer of bitcoin mining machines, will wind down its artificial intelligence (AI) semiconductor business to refocus on its core crypto operations. Despite the growing trend of bitcoin miners diversifying their revenue through AI-related businesses, building AI chips is likely very competitive and not cost-effective for smaller companies. Canaan said that…
Trump Media and Technology Group (DJT), the parent company of the social media platform Truth Social, is planning a $400 million share buyback program. President Donald Trump’s media firm said that the repurchase would be funded separately from and not alter its bitcoin treasury strategy. The buyback will be conducted through open market transactions, and…
DeFi Development Corp. (DFDV), the Nasdaq-listed firm with a crypto treasury strategy focused on Solana SOL, is bringing its equity onto blockchain rails through crypto exchange Kraken’s upcoming tokenized stock trading venue. The company’s shares will be tokenized under the ticker DFDVx on the Solana network, joining a select group of tokenized versions of major…
In recent weeks, Congress has made historic strides toward securing America’s leadership in digital asset innovation. With the passage of the GENIUS Act, we’ve taken a major step toward ensuring that this emerging sector operates under clear, consistent rules—rules that protect consumers, encourage responsible innovation and strengthen national security. But make no mistake: this is…
Coinbase (COIN), the leading digital assets platform in the U.S., is well positioned to benefit from the enactment of the crypto market structure bill introduced in the House of Representatives earlier this month, broker Benchmark said in a research report Monday. Benchmark raised its Coinbase price target to $421 from $310 and reiterated its buy…
Ethereum has dropped 17% since Friday, breaking down from the long-standing range that held firm since early May. The sharp sell-off came after news broke of US airstrikes targeting Iranian nuclear facilities, sending shockwaves across global markets and sparking panic selling in risk assets. ETH was no exception, plunging below multiple support zones before finding…
The Gains Network (GNS) token price has dropped 19.3% today after a 31% weekly rally. Rising Bitcoin dominance has fueled an altcoins’ weakness and retail sell-offs. The ongoing GNS burn vote is key to GNS’s next move, with the current support being at $1.39. Gains Network (GNS), a popular decentralised derivatives trading protocol on Arbitrum,…
Grant Cardone, the well-known real estate investor, has announced that his firm, Cardone Capital, has added 1,000 BTC to its balance sheet. “CardoneCapital adds 1,000 BTC to balance sheet becoming first ever real estate/BTC company integrated with full BTC strategy combining the two best in class assets,” said Cardone in an X post. At current…
Fiserv, a Fortune 500 payments and fintech giant that processes 90 billion transactions annually, unveiled plans on Monday to launch a new digital asset platform and stablecoin, joining a roster of traditional financial firms rushing to capitalize on the stablecoin boom. The FIUSD stablecoin, planned to debut later this year, will be available to Fiserv’s…
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 2789.42, down 4.4% (-127.06) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-1.8%) and LTC (-1.9%). Laggards: UNI (-11.4%) and ICP…
