Crypto News
SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing
The SEC has approved NYSE Arca’s listing of a Grayscale large-cap fund holding bitcoin, ether, solana, XRP, and cardano, expanding regulated access to leading digital assets. SEC Approves Rule Change for Grayscale Crypto Fund Listing on NYSE Arca The U.S. Securities and Exchange Commission (SEC) on July 1 approved a rule change enabling the conversionSource link
Strategy Set to Book $14B Bitcoin Gain as Saylor’s Bet Shakes Wall Street
Michael Saylor’s Strategy is set to deliver a staggering $14 billion unrealized profit in Q2, propelled by bitcoin’s surge and a pivotal accounting change that could cement his company’s place alongside Wall Street powerhouses like JPMorgan and Amazon. What began as a struggling software firm has evolved into a dominant crypto-centric powerhouse under Saylor’s boldSource link
Asia Morning Briefing: Leverage Meets Patience as Bitcoin Builds Toward a Breakout
As Asia opens the Wednesday trading day, bitcoin (BTC) is changing hands above $105.5K, a slight correction from $107K, where it sat during the U.S. business day.Despite the geopolitical upheaval of the last few weeks – with the U.S. strike on Iran, an event that surprised both geopolitical scholars and Polymarket bettors – BTC has proven itself once again to be a resilient store of value. CoinDesk market data shows that the asset class has been fairly stable over the last month, up 1%.But this return to a price point that looks inches away from BTC's all-time high of $111K, which it hit in May, feels more disciplined than euphoric, according to market observers.Unlike the December 2024 breakout above $100K,...
Paging Dr. Algorithm: Microsoft’s AI Diagnoses Like House, Bills Like Costco
In head-to-head tests, Microsoft’s virtual medical council diagnosed correctly four times more often than human doctors, and at a lower cost.Source link
Design Firm Figma Reveals $70M Bitcoin ETF Stash in IPO Documents
Figma’s board also recently approved a $30 million acquisition of spot bitcoin, which will be purchased at some point in the future. Figma’s SEC Filing Reveals Major Bitcoin ETF Position Worth $70M Software giant Adobe had positioned itself to acquire smaller competitor Figma in 2022 for $20 billion. But that move was struck down bySource link