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AI Boost

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Markets

S&P's Tether Downgrade Revives 'De-pegging' Risk Warning, HSBC Says

The rating agency's Tether downgrade flags redemption risk, potentially nudging institutions to higher-rated stablecoins and tokenized deposits.

Tether (CoinDesk)

Markets

IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says 'Sell'

The bitcoin miner turned AI compute provider tumbled on Tuesday and is now down nearly 50% over the past month.

CoinDesk

Finance

Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium

The Startale USD token, developed with M0, aims to power payments and rewards across the electronics giant Sony's Web3 ecosystem.

Sony (CoinDesk Archives)

Markets

Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

Stable and Theo committed over $100 million to ULTRA, a tokenized U.S. Treasury fund managed by FundBridge Capital and Wellington Management.

Art installation reminiscent of digital ecosystems

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Finance

Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network

Antithesis said its Series A will scale deterministic simulation testing, replaying complex failures exactly for crypto and other always-on systems.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

Finance

Parataxis Agrees to Buy Control of South Korea's Sinsiway for $27M, Build Ether Treasury

The deal would rename Sinsiway as Parataxis ETH, Inc. and make it South Korea's first ether-focused treasury platform backed by U.S. institutional capital.

South Korea's flag (Daniel Bernard/Unsplash)

Markets

Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters

A removal could lead to outflows of up to $8.8 billion if other index providers follow suit because the stock is part of many passive investment products.

MicroStrategy

Finance

Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave

Babylon is also planning to introduce Bitcoin-backed DeFi insurance, letting BTC holders earn yield while underwriting risk against hacks and exploits.

David Tse, co-founder of Babylon (Bradley Keoun, modified by CoinDesk)

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Markets

$6.5K Ether Bets Dominate Deribit Open Interest

The $6,500 call option on Deribit is the most popular, with a notional open interest of over $380 million.

FastNews (CoinDesk)