Investment bank KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, describing the crypto exchange as a well-rounded digital asset platform poised for long-term growth. Nevertheless, wrote analyst Bill Papanastasiou, Gemini for now remains unprofitable and discounted valuation to competitor...

XRP is catching retail skepticism again in a gauge that has historically proven profitable for contrarian bets. Data from Santiment shows the token’s bullish-to-bearish commentary ratio slipped under 1.0 twice in the past three days — October 4th (0.74) and October 6th (0.86) — levels that historically line up...

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 4380.87, down 1.1% (-49.75) since 4 p.m. ET on Monday. One of 20 assets is trading higher. Leaders: ETH (+0.2%) and BTC (-0.7%)....

Meanwhile, the first regulated life insurance company that operates entirely in bitcoin (BTC), said on Tuesday it has raised $82 million to scale its savings and retirement products that aim to protect against inflation and currency devaluation. The funding round was co-led by Bain Capital Crypto and Haun Ventures,...

Yuma, a subsidiary of Digital Currency Group (DCG) focused on decentralized artificial intelligence (AI), has appointed veteran crypto founders Greg Schvey and Jeff Schvey as its new Chief Operating Officer and Chief Technology Officer, respectively, the company said in a Tuesday press release. The hires mark a key expansion...

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha’s expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement. The non-binding agreement outlines a five-year convertible...

Intercontinental Exchange Inc. (NYSE:ICE) rose 4% in premarket trading on Tuesday after reports said it will invest up to $2 billion in Polymarket, valuing the prediction market platform near $8 billion, according to WSJ. Polymarket Deal Sends Premarket Surge In premarket trading, ICE climbed to $165.01, up 3.7%, as...

CEA Industries’ focus on BNB could influence corporate treasury strategies, signaling a shift towards cryptocurrency as a primary reserve asset. The post CEA Industries reveals $633M BNB holdings with plans to expand appeared first on Crypto Briefing....

Zeta Network Group (NASDAQ:ZNB) said Tuesday it has entered into a strategic partnership with SOLV Foundation, a multi-chain Bitcoin liquid staking and structured finance platform with $2.5 billion in total value locked, to strengthen its position as a Bitcoin-focused digital asset finance company. Under the agreement, Zeta Network will...

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have climbed 14% and 8%, respectively over the past week. Increasing burn rates and growing real-world use cases have market participants predict further upside. Cryptocurrency Ticker Price Market Cap 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2618  $39.6 billion +13.8%  Shiba Inu (CRYPTO:...