Crypto News
‘Internet Capital Markets’ Explode as Companies Launch Products on Solana
Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.Source link
Ether Bears Are Done and That’s Fueling ETH’s Surge, Crypto Benchmark Issuer Says
Ether's ETH rally, though impressive, leaves much to be desired. That's because the unwinding of shorts is said to be fueling the rally, not fresh longs or bullish leveraged bets on the Chicago Mercantile Exchange (CME)."The rally is primarily the result of short covering – traders unwinding bearish positions – rather than a surge of bullish conviction," Sui Chung, CEO of crypto index provider CF Benchmarks, told CoinDesk. CME's derivatives, preferred by institutions, track the CF Benchmarks' Bitcoin Reference Rate – New York (BRRNY) variant.When bears cover their shorts, it means they are buying back futures contracts initially sold. This action of short covering temporarily boosts demand in the market, putting upward pressure on prices.Chung pointed to the still-low CME futures...
Netflix Doubles Down on Generative AI With Adverts in the Middle of Streams
The streaming service has announced plans to use generative AI to link interactive ads with appropriate shows on its ad-supported tier.Source link
Crypto Daybook Americas: Fintechs, Funds ‘Hoarding Bitcoin’ Even as Bulls Pause for Breath
By Omkar Godbole (All times ET unless indicated otherwise)The global crypto corporate-adoption narrative is thriving even as bitcoin and the wider crypto market take a bull breather, potentially establishing a base for a new high.Méliuz, a publicly listed Brazilian fintech firm, announced Thursday the purchase of 274.52 BTC. It now holds 320.2 BTC worth over $33.3 million. On Wednesday, Bahrain-listed A1 Abraaj Restaurants Group disclosed an initial purchase of 5 BTC with plans to scale holdings significantly.Eric Trump, the second-eldest son of President Donald Trump, captured the feeling on day 2 of CoinDesk's Consensus Toronto event: "I'm traveling. I'm on a plane. Everybody in the world is trying to hoard bitcoin right now. Everybody. I hear it from sovereign wealth...
Meliuz Purchases 274 BTC, Pioneering Bitcoin Treasury Strategy in Brazil and Latam
Meliuz, a Brazilian cashback company, has completed its pivot to become one of the first public businesses in Brazil and Latam to adopt a bitcoin reserve strategy. Israel Salmen, CEO of Meliuz, stated that shareholders approved the expansion of this strategy and announced a new purchase of BTC. Meliuz Becomes Brazil’s and Latam’s Pioneer inSource link