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AI Boost

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Tech

DOG Mode explains Bitcoin's next governance fight

Leonidas' DOG Mode client challenges Bitcoin's default relay policies, reopening a philosophical debate over censorship, free markets and who really governs the network.

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Finance

Citadel Securities invests $400 million in Crypto.com, valuing exchange at $20 billion

The exchange's first institutional funding round values it at $20 billion and will fund expansion into tokenized securities and derivatives.

Citadel CEO Ken Griffin

Finance

Stripe’s $53 billion PayPal bid is a high-stakes play to own the future of digital payments

If Stripe acquires PayPal, the real prize could be consumer wallets, stablecoin issuance or the infrastructure powering the next generation of digital payments.

Paypal headquarters in the Silicon Valley, San Jose, California. (Getty Images)

Finance

Keyrock acquires BlockFills trading assets to expand institutional crypto business

The deal adds institutional trading clients, derivatives expertise and regulatory licenses as Keyrock looks to deepen its presence in crypto capital markets.

Keyrock CEO and co-founder Kevin de Patoul (Keyrock)

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Tech

Galaxy targets institutional stablecoin yield with new DeFi vaults

The crypto financial services firm launched Galaxy Curator, a Morpho-based platform that gives Fireblocks' 2,400 institutional clients access to onchain yield strategies.

Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024

Finance

Open USD poses biggest threat yet to Circle's USDC, CoinShares says

The consortium-backed stablecoin would share reserve income with partners instead of the issuer, pressuring Circle's margins if it debuts in 2026.

Irfan Ganchi, SVP of Product Management, Circle, on stage at Circle Forum Singapore

Finance

Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

The Japanese investment bank said Open USD's yield pass-through model could pressure Circle's margins by shifting more reserve income to distributors.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Finance

JPMorgan says Hyperliquid's rise threatens Circle's USDC economics

Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that puts pressure on earnings from the dollar-pegged stablecoin.

Jeremy Allaire Circle CEO (The Washington Post / Getty Images)

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Finance

Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation

Mark Palmer said Hut 8's Beacon Point project transforms the company into an AI infrastructure platform with a long growth runway.

Data center (Taylor Vick/Unsplash)

Tech

Bitcoin's BIP-110 sparked a fight over who gets to decide the future of Bitcoin

BIP-110 sought to limit non-financial data on Bitcoin's blockchain but instead reignited debates over censorship and decentralization.

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