Sky’s new DeFi protocol Grove launches with $1B backing to bring institutional credit onchain
Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit. Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on…...
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Crypto Prediction Platform Kalshi Valued at $2B After Latest Funding Round
Crypto prediction market platform Kalshi has raised $185 million in a Series C round led by Paradigm, reaching a $2 billion post-money valuation. “People choose to work at Kalshi not because of the money we’ve raised, but because of our ambition: build the most important financial market on the...
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Wait—Ripple Came Before Bitcoin? Newly Uncovered Document Says So
Ripple’s backstory just got a little twist. According to a set of emails from 2014, early notes on what became Ripple go as far back as 2004. That’s four years before Satoshi Nakamoto put out the Bitcoin whitepaper. These emails, shared by XRP community figure SMOQE, feature comments from...
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Nasdaq-Listed Tech Firm Approves 20% Crypto Allocation as Part of Treasury Strategy
Aurora Mobile, a Nasdaq-listed technology firm based in China, has unveiled a new corporate strategy that includes investing a portion of its treasury into cryptocurrency assets. On Tuesday, the company announced that its board of directors had approved the allocation of up to 20% of its total cash and...
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Trump-backed World Liberty Financial plans USD1 stablecoin audit and new app launch
World Liberty Financial, the Trump-affiliated crypto firm behind the USD1 stablecoin, is preparing to release its first audit and launch a mobile app aimed at retail users. The update was shared by WLF co-founder Zak Folkman on June 25 in…...
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Tim Draper Says This Will Be The Fate Of Bitcoin And The Dollar In 5 Years — Billionaire Highlights Apps Built On BTC That Matter
Billionaire investor Tim Draper predicted Bitcoin’s (CRYPTO: BTC) complete dominance over the dollar within the next five years on Wednesday, driven by what he sees as unprecedented innovation on the network. What Happened: In an X post, Draper, a renowned venture capitalist and long-time Bitcoin advocate, highlighted the asset’s...
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Trump Family-Backed World Liberty Financial Plans To Launch A New App That Will Make It Easy For Lay Investors To Use Crypto
World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump, is set to release a stablecoin audit and launch a new application. What Happened: The Trump family, which has a 75% claim on the venture’s net revenues, has been the subject of criticism due to potential...
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Bitcoin Tops This Key Level As Institutions Pile On, Ethereum, Dogecoin Rangebound: Analyst Says Buying BTC Now Is Like Buying It For $20,000 In 2020
Bitcoin advanced while other blue-chip cryptocurrencies moved sideways on Wednesday as corporations continued to accumulate the apex digital asset. Cryptocurrency Gains +/- Price (Recorded at 10:00 p.m. ET) Bitcoin (CRYPTO: BTC) +1.20% $107,692.70 Ethereum (CRYPTO: ETH) -0.11% $2,457.58 Dogecoin (CRYPTO: DOGE) -0.78% $0.1641 What Happened: The leading cryptocurrency gained momentum,...
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Bitcoin Exchange Flows Drop To 10-Year Low – Consolidation Or Supply Shock?
Bitcoin is once again at a pivotal moment, trading near $106,000 after a turbulent week marked by sharp moves and high uncertainty. The leading cryptocurrency briefly lost the $100K mark following geopolitical tensions but rebounded strongly, gaining over 5% in less than 48 hours. This swift recovery highlights the...
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Asia Morning Briefing: BTC Climbs to 107K as ‘War Drums Fade, Risk Appetite Roars’
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins the Thursday...
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