Crypto News
Crypto Daybook Americas: Bitcoin Loses Allure to Gold as Economic Concerns Rise
By Francisco Rodrigues (All times ET unless indicated otherwise)President Donald Trump’s “reciprocal tariffs” announcement earlier this month drove the economic trade policy uncertainty index to a record high and sent investors away from risk assets, which include bitcoin (BTC) and other cryptocurrencies.Federal Reserve Chairman Jerome Powell fanned the flames late Wednesday, saying the central bank sees unemployment rising with the economy likely to slow and inflation likely to go up as "some part of those tariffs come to be paid by the public.”His comments weighed further on risk assets, bringing the Nasdaq down 1.17% and the S&P 500 dropping 2.24% before the closing bell. Still, bitcoin is up more than 1% in the last 24 hours, while the CoinDesk 20...
CoinGecko Spotlights LBank’s Memecoin Dominance and Fastest Altcoin Listings
This content is provided by a sponsor. PRESS RELEASE. SINGAPORE, April 17, 2025 – LBank (lbank.com), a leading global cryptocurrency exchange, has solidified its position as a frontrunner in the cryptocurrency market by capitalizing on rapid altcoin listings and dominating the memecoin sector. According to CoinGecko’s latest report, LBank stands out among centralized exchanges forSource link
Bitcoin, Gold, and the Minsky Moment: Novogratz on the End of Fiscal Complacency
The "Minsky Moment" is here, according to Mike Novogratz, CEO of Galaxy Digital, in a recent interview on CNBC. Novogratz noted that tariffs are playing a key role in reshaping the global security apparatus, while President Trump’s return to the political scene is introducing fresh uncertainty into the markets. Although equities are down roughly 10% year-to-date, Novogratz believes that’s insufficient given the scale of the global economic shifts underway. “We’re clearly in a risk-off environment,” Novogratz said.Novogratz explained that bitcoin (BTC) typically performs well amid macroeconomic uncertainty unless risk appetite completely evaporates. He outlined two major narratives driving bitcoin: the macro story, reflected in gold's recent rally, capital flowing out of the U.S. dollar into perceived safe havens; and the...
Mike Novogratz’s Galaxy Ventures Fund Surpasses $150 Million Goal
Mike Novogratz’s Galaxy Ventures Fund I LP has exceeded its initial fundraising goal of $150 million, with expectations to close between $175 million and $180 million by the end of June, according to a Bloomberg report. The fund, which focuses on early-stage startups with an emphasis on payments and stablecoins, is closing at a timeSource link
Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking
Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round.The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers.AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry because most things that relate to AI data centers could also be applied to bitcoin mining."Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will...