AI Boost

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AI Boost

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Finance

Tether Profits Topped $10B in First Nine Months of Year; Starts Share Buyback Program

The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.

Tether USDT (CoinDesk)

Markets

Wall Street Divided on Coinbase’s Path Forward After Q3 Earnings Beat

Transaction revenue hit $1.05 billion, but price targets range from $266 to $510 as Wall Street debates whether growth can outpace rising costs.

Wall street signs, traffic light, New York City

Markets

Core Scientific Upgraded to Outperform Following Failed CoreWeave Merger: Macquarie

The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Markets

H.C. Wainwright Turns Bullish on Coinbase, Double Upgrades to Buy With $425 Target

The investment bank reversed its bearish call on Coinbase, citing renewed crypto momentum and potential U.S. regulatory breakthroughs.

Coinbase logo shown on a laptop screen

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Policy

T3 Financial Crime Unit, Backed by Tron, Tether, TRM Labs, Has Now Frozen $300M in Assets

The crypto industry’s most aggressive anti-crime task force just crossed another milestone.

Justin Sun speaks at Consensus Hong Kong (CoinDesk)

Markets

Riot Platforms Shares Jump Pre-Market After Posting Unexpected Profit on Record Revenue

Strong bitcoin mining performance and data center expansion drive momentum.

Racks of mining machines.

Markets

Strategy Posted EPS of $8.42 in Q3 Driven by Mark-to-Market Gains on Bitcoin

Bitcoin's action of late hasn't been great, but the price did rise nearly 7% in the three months ended September 30, boosting reported profits for Michael Saylor's firm.


Markets

Bitcoin Plunges Below Critical 200-Day Average as Dollar Surges to 3-Month High

BTC's losses follow positive developments in U.S.-China trade relations.

FastNews (CoinDesk)

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Markets

Crypto Asset Manager Bitwise Makes Case for Solana’s Next Big Run

Solana is well-positioned to capture a growing share of the stablecoin and tokenization boom, the investment firm said.

Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)

Tech

JPMorgan Completes First Blockchain-Based Private Fund Transaction Amid Tokenization Push

Kinexys Fund Flow, developed by the bank's digital asset arm Kinexys, aims to streamline access to alternative funds.

JPMorgan building (Shutterstock)