News Bytes – 5

Nexo Re-Enters US Market: ‘America Is Back,’ Says Co-Founder Antoni Trenchev

Nexo Re-Enters US Market: ‘America Is Back,’ Says Co-Founder Antoni Trenchev

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Nexo, the digital wealth platform with $11 billion in assets under management, has announced its re-entry into the U.S. market, unveiling its product suite at an exclusive business event. The announcement featured keynote addresses from Donald Trump Jr., Executive Vice President of The Trump Organization; Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology; and […]

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Stripe CEO Confirms Payments Company Is Developing New Stablecoin Product After a Decade of Interest

Stripe CEO Confirms Payments Company Is Developing New Stablecoin Product After a Decade of Interest

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Stripe CEO Patrick Collison has announced that the payments company is actively developing a new stablecoin product, a project that they have wanted to pursue for nearly a decade. This announcement comes after Stripe’s acquisition of stablecoin platform Bridge in October 2024 for $1.1 billion. In a recent social media post, a member of the

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Defi Development Corporation Adds .9M in Solana to Treasury, Taps Binance VP as CFO

Defi Development Corporation Adds $9.9M in Solana to Treasury, Taps Binance VP as CFO

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The publicly traded firm formerly known as Janover, DeFi Development Corporation (Nasdaq: JNVR), has announced the appointment of Fei “John” Han as Chief Financial Officer and Dan Kang as Head of Investor Relations, enhancing its financial leadership team as it scales its crypto-focused treasury strategy. Han, who brings over 15 years of experience from notable

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Coinbase Provides 0 Million Credit Facility to Bitcoin Mining Company Riot Platforms

Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms

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Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and

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IMF Cuts Global Growth Forecasts as US Tariffs Lead to Significant Economic Downgrade

IMF Cuts Global Growth Forecasts as US Tariffs Lead to Significant Economic Downgrade

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The International Monetary Fund (IMF) has revised its global economic growth forecasts for 2025, projecting an increase of just 2.8%, down from a previous estimate of 3.3%. This downgrade is primarily attributed to rising tariffs and heightened uncertainty in international trade, which are expected to significantly slow economic activity. Among advanced economies, the United States

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Bitcoin Reclaims ,000, Rising 6.2% in 24 Hours

Bitcoin Reclaims $94,000, Rising 6.2% in 24 Hours

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Bitcoin ( BTC) has reclaimed the $94,000 price level, rising 6.2% in the last 24 hours and 12.9% over the past week. This increase reflects a positive shift in market sentiment as the top cryptocurrency continues to attract attention from investors as digital gold. The recent price movement underscores bitcoin’s appeal amid fluctuations in other

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Metaplanet Announces Additional 330 Bitcoin Purchase as Part of Treasury Operations

Metaplanet Announces Additional 330 Bitcoin Purchase as Part of Treasury Operations

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Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company in Japan, has announced the acquisition of an additional 330 BTC as part of its ongoing Bitcoin Treasury Operations. The latest purchase was made at an average price of 12,181,570 yen per bitcoin, totaling approximately 4.020 billion yen. With this

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HTX Integrates Fireblocks Off-Exchange to Secure Institutional Trading

HTX Integrates Fireblocks Off-Exchange to Secure Institutional Trading

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HTX has integrated and launched Fireblocks Off-Exchange, a solution aimed at institutional trading. This integration enhances the platform’s security infrastructure and streamlines operations within a compliant framework. Fireblocks Off-Exchange enables institutions to securely trade digital assets by maintaining funds in self-custodied, off-exchange collateral accounts, which reduces counterparty risk while allowing for rapid, low-cost settlement. Since

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Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman

Trump’s Tariff Policy Threatens Dollar’s Safe Haven Status and Global Currency Dominance, Warns FX Strategist Wizman

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Recent data indicates a breakdown in the dollar’s traditional correlation with other markets, as investors seek refuge in currencies like the Swiss franc and Japanese yen, which have recently strengthened. Thierry Wizman, global FX and rates strategist at Macquarie Group, stated that Trump’s tariffs policy shake-up not only threatens the dollar’s status as a safe

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Mike Novogratz’s Galaxy Ventures Fund Surpasses 0 Million Goal

Mike Novogratz’s Galaxy Ventures Fund Surpasses $150 Million Goal

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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 time

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