Crypto News
Strive Asset Management CEO Says Bitcoin Is a Hedge Against AI
The company raised $750 million in a private investment in public equity (PIPE) transaction at the end of May to acquire bitcoin. Bitcoin As an AI Safety Net: Strive CEO Artificial intelligence (AI) may wipe out 50% of all entry-level white-collar jobs within five years according to Dario Amodei, CEO of AI firm Anthropic. Similarly,Source link
UK’s OpenTrade Raises $7M to Expand Stablecoin Yield Access in Inflation-Hit Markets
OpenTrade has raised $7 million in a strategic round led by Notion Capital and Mercury Fund, with backing from a16z crypto, AlbionVC, and CMCC Global. The latest funding brings the London-based company’s total haul to $11 million in just six months, a signal of investor confidence in the startup’s push to bring yield-bearing stablecoins to users in unstable economies.The company runs a “yield-as-a-service” platform designed for fintech apps, exchanges, and neobanks. Clients like Criptan in Spain and Littio in Colombia use OpenTrade’s backend to let users earn interest — up to 9% — on USD and EUR holdings.In countries like Argentina or Colombia, where dollar bank accounts are rare and offer negligible interest, apps powered by OpenTrade let users earn...
CLARITY Act Clears Two House Committees, Heads to House Floor for Vote
Two House committees have advanced the CLARITY Act, setting the stage for a floor vote that could shift primary crypto oversight.Source link
Astar Network Expands ASTR with Chainlink CCIP and ERC-7802 Integration
Astar Network enhances interoperability by implementing Chainlink's CCIP and ERC-7802 standards, enabling seamless cross-chain functionality for its native token, ASTR, across multiple blockchains. (Read More)Source link
Elite Footballers Named in $3.4 Million Crypto Fraud Case
A Barcelona court has launched a criminal probe into crypto firm Shirtum after star footballers allegedly promoted a failed NFT scheme.Source link