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Remittance app Abound raised $14 million in a seed round following investment from crypto heavyweights Circle Ventures and the Near Foundation.The app aims to be a financial bridge between non-resident Indians (NRIs) and India, and has processed $150 million worth of remittances with about 500,000 monthly active users. Abound is incubated by the digital arm of the Times of India Group, one of the country's largest news agencies.“Indians in America have a unique financial reality — one that spans two countries, two economies, and two currencies. Yet, the financial services available today weren’t designed for their needs,” said Nishkaam Mehta, CEO of Abound, in a statement.The investment will be used to scale the business by hiring in several key roles...

In today’s crypto for advisors, Alex Tapscott explains what the Bitcoin Strategic Reserve is and why it matters to investors.Then, Bryan Courchesne from DAIM answers questions investors have about setting up a personal strategic reserve in Ask an Expert.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Will Trump’s Bitcoin Reserve Move the Needle?On March 7, President Trump signed an executive order creating both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, the latter comprised of tokens like ETH, SOL, XRP and ADA.The Strategic Bitcoin Reserve (SBR) and the Digital Asset Stockpile will be capitalized initially with crypto assets obtained by the Department of...

The synergy of political endorsement and highly speculative assets like meme coins was always bound to be disastrous, and the recent LIBRA scandal was a clear reflection of this concern.Crypto has come a long way over the past decade. Mainstream adoption, institutional interest, and regulatory clarity helped the industry gain increasing credibility. And meme coins also carved out an exciting niche in this sector, which reflected creativity and community engagement. Yet, political meme coins could ruin this decades-worth of progress very quickly.A promotional post from Argentina’s president, Javier Milei, caused LIBRA investors to lose over $250 million in just hours. His endorsement sparked a buying frenzy that pushed the price from near zero to almost $5 in a matter of...

CoreWeave is looking to downsize its initial public offering just one day before hitting the market, Semafor reported.The AI infrastructure firm was previously expected to raise $3 billion at a $30 billion valuation, according to the story, but the size has been cut and the valuation lowered to just $23 billion.A separate story from Bloomberg said CoreWeave is now looking to raise only $1.5 billion.CoreWeave is in close partnership with bitcoin miner Core Scientific (CORZ), which was expected to profit from the IPO if the results are positive and sustain strong revenue growth over the next few years.In early U.S. trading, CORZ is up fractionally, but down sharply over the past month and for 2025 as a whole. AI-related tokens...

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 2731.35, up 0.4% (+11.44) since 4 p.m. ET on Wednesday.Twelve of 20 assets are trading higher.Leaders: SUI (+7.1%) and AAVE (+3.6%).Laggards: DOT (-1.6%) and XRP (-1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link