Investments

FTX missed out on 0 million after selling Anysphere’s Cursor AI stake for just 0K

FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K

Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor. The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round. However, bankruptcy managers sold the […]

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Maldives bets .8 billion on blockchain to counter economic and debt challenges

Maldives bets $8.8 billion on blockchain to counter economic and debt challenges

The Maldives has finalized an $8.8 billion agreement to build a blockchain-first financial hub that reportedly eclipses the nation’s entire economy. The country aims to reposition itself as a global destination for digital assets. Per the Financial Times, Dubai-based MBS Global Investments will finance the Maldives International Financial Centre (MIFC) project. The government signed the

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Crypto funding hits .9B in Q1 2025 with US firms leading the charge

Crypto funding hits $4.9B in Q1 2025 with US firms leading the charge

Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy. The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the

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European Bitcoin treasury company launches B Bitcoin strategy

European Bitcoin treasury company launches $20B Bitcoin strategy

European Bitcoin treasury company The Blockchain Group confirmed its return to profitability while unveiling aggressive plans to expand its Bitcoin reserves over the coming years. The Paris-listed firm, which formally rebranded itself as Europe’s first “Bitcoin Treasury Company ” in November 2024, recorded a net profit of €1.36 million for 2024, reversing a €22.7 million

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Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US

Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US

Goldman Sachs aims to bring tokenized Treasuries and money market fund shares into round-the-clock trading, according to digital assets head Mathew McDermott at TOKEN2049 in Dubai. The move reflects broader ambitions to integrate traditional collateral into blockchain infrastructure as clients increase demand for on-chain exposure. The firm already operates a crypto derivatives desk and is

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Metaplanet enters US Bitcoin market with new subsidiary, eyes 0 million boost

Metaplanet enters US Bitcoin market with new subsidiary, eyes $250 million boost

Japanese Bitcoin investment firm Metaplanet is entering the US market with the launch of Metaplanet Treasury Corp., a wholly-owned arm based in Florida. According to a May 1 statement, the firm said the move signals a major step in its strategy to grow its global presence and deepen its role in the Bitcoin ecosystem. Metaplanet

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Grayscale unveils ETF tracking firms embracing Bitcoin treasuries

Grayscale unveils ETF tracking firms embracing Bitcoin treasuries

Grayscale has rolled out a new exchange-traded fund that gives investors access to companies adopting Bitcoin as part of their treasury strategy. The fund, named the Grayscale Bitcoin Adopters ETF (BCOR), was announced on April 30 and reflects the asset manager’s continued push into Bitcoin-themed investment products. According to Grayscale, BCOR tracks the Indxx Bitcoin

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Nasdaq files to list 21Shares Dogecoin ETF, signaling mainstream crypto acceptance

Nasdaq files to list 21Shares Dogecoin ETF, signaling mainstream crypto acceptance

Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or

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Coinbase unveils Bitcoin yield fund for global institutional investors

Coinbase unveils Bitcoin yield fund for global institutional investors

Coinbase Asset Management is preparing to introduce the Coinbase Bitcoin Yield Fund (CBYF) on May 1. According to an April 28 statement, Coinbase described CBYF as a conservative investment strategy that seeks to generate annual net returns between 4% and 8% over a typical market cycle. The fund is designed to offer international institutional investors

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