Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M
Cryptocurrency wallet firm Exodus Movement (NYSE American: EXOD) is buying W3C Corp, the parent company of crypto card and payments firms Baanx and Monavate for $175 million, in a deal comprising cash on hand and financing from Galaxy Digital secured by Exodus’ Bitcoin holdings.
Crypto Market Mood Lifted as Amazon Pours $50B Into AI Infrastructure
Last week’s flush lower across markets — particularly crypto markets — is seeing at least a temporary reversal Monday, with investors cheered by Amazon’s (AMZN) plans to invest up to $50 billion to expand artificial intelligence and supercomputing infrastructure for the U.S. government.
ETF Outflows, Stablecoin Flows and DAT Reversals Signal Crypto Capital Flight: NYDIG
Bitcoin’s slide to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global Head of Research at NYDIG. In a report, Cipolaro said the core engines of the 2024–25 rally have shifted into reverse.
Is Strategy Stock the Preferred Hedge Against Crypto Losses? Tom Lee Thinks So
Strategy (MSTR) has become the go-to tool for crypto investors trying to manage risk, according to Tom Lee, chairman and CEO of Bitmine, partly explaining its 43% drop over the past month.
B. Riley Cuts Digital Asset Treasury Company Price Targets as Crypto Slump Deepens
B. Riley cut its outlook for digital-asset treasury companies (Datcos) after a sell-off that outpaced the declines in bitcoin BTC$91,780.32, ether ETH$3,016.25 and solana SOL$141.55 themselves.
DeFi Giant Spark Shelves Crypto App Plans to Focus on Institutional Infrastructure
“We had an internal discussion and we’re going to put it on pause for now just because we view our edge as largely in the DeFi-native crypto space,” Sam MacPherson, CEO of Phoenix Labs, told CoinDesk in an interview during Devconnect Buenos Aires. “We are not builders of consumer apps, and this space is very competitive.
‘Permissionless Assets’: Robinhood’s 3-Phase Tokenization Plan to Disrupt TradFi
Buenos Aires — Fintech giant Robinhood (HOOD) is laying the groundwork to push the traditional financial system into a permissionless ecosystem, according to the head of strategy at blockchain development company Offchain Labs.
Cloudflare Global Outage Spreads to Crypto; Multiple Front Ends Down
Abritrum block explorer Arbiscan is reporting a “major outage,” with several other sites including social media platform X and data platform DefiLlama flashing intermittent “internal server errors.”