[ad_1] Plume, a blockchain platform focused on real-world assets (RWAs), said on Tuesday it secured an investment from funds managed by private equity giant Apollo Global Management as it looks to scale up its infrastructure and bring more traditional financial products on-chain. The protocol did not disclose the terms of the funding. A spokesperson for Plume told CoinDesk that it was a “seven-figure” investment. Plume develops a modular, Ethereum-compatible blockchain designed to turn a wide range of assets — from financial instruments to carbon credits and collectibles — into usable tokens. Its goal is to create an environment where users…
Author: NBTC
[ad_1] This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The SEC has done a lot between Gary Gensler’s January departure and Paul Atkins’ confirmation last week. Some of the most recent actions are statements on crypto-related disclosures from the agency’s Division of Corporation Finance. And the SEC again asked the court to pause its litigation with Binance. But the SEC’s most meaningful move in recent months? The agency’s swift creation of a crypto task force and corresponding roundtable meetings, according to StoneTurn partner Kyla Curley. The roundtables are especially crucial, given they “extend well…
[ad_1] Bitcoin spot ETFs recorded another session of outflows on Wednesday, marking the fifth consecutive day of capital withdrawals. The consistent outflows underscore waning investor confidence in the short term, particularly among institutions. April ETF Data Shows Investors Cooling on Bitcoin So far in April, these funds have registered inflows on only a single trading day. This trend confirms that institutional investors are pulling back capital from spot Bitcoin ETFs in response to quickly shifting macroeconomic conditions. On Wednesday, capital exit from spot BTC ETFs totaled $127.12 million. According to SosoValue, Bitwise’s ETF BITB recorded the highest net inflow on…
[ad_1] SOL Strategies (HODL), a Canadian company running infrastructure on the Solana network, revealed it acquired 24,000 SOL tokens in March at an average cost of about C$199 ($139.8) each. The purchase, worth around $3.37 million, brought the firm’s total SOL holdings to 267,151 tokens. Nearly all of the company’s SOL—roughly 265,295 tokens—are now staked across four validators that it operates, according to its latest operational update. Since early March, the company’s share price plunged roughly 25% while SOL dropped 27% over the same period. Since the start of the Trump presidency, SOL Strategies’ stock is down 67%, while Solana…
[ad_1] Nvidia plans to manufacture its next generation of AI chips and supercomputers entirely in the U.S. for the first time, the company said in a statement on Monday. The move reflects rising demand for AI infrastructure and a broader push to localize advanced tech manufacturing — one that could also benefit crypto miners repurposing their facilities for AI and high-performance computing (HPC). Many of these operators already have access to the large-scale power and cooling systems needed for data center operations, making them potential players in the growing AI economy. Crypto miners, once singularly focused on hashing power, are…
[ad_1] The combination of increasing short positions can result in a short squeeze that makes bearish traders purchase at higher prices thus sparking an upward market trend. The Fear & Greed Index reaches 44 which reveals investors maintain a cautious approach while Bitcoin encounters declining market values. Extremely negative market sentiment throughout crypto has historically been the trigger for sudden price increases in these markets. Market analysts observe current trading signals which show bearish investors reaching their maximum limit of selling positions thereby potentially triggering a short squeeze event. Short seller dash to recover their positions is likely to trigger…
[ad_1] US President Donald Trump has issued a new ultimatum to China, threatening to impose 50% additional tariffs if Beijing does not withdraw its latest retaliatory tariffs. Trump warned on his Truth Social account that if China maintains its 34% tariff hike on US goods, the US will impose new tariffs starting April 9. The proposed tariff hike has the potential to increase the total tariff rate to 104%, on top of the 20% tariff currently in effect and the 34% reciprocal tariff announced by Trump last week. “Yesterday, China issued retaliatory tariffs of 34% on top of their already…
[ad_1] There is renewed interest in the broader digital currency ecosystem as capital influx has shifted the trend for Tron (TRX) and other assets. As it stands, Tron is now experiencing a major price rebound, per market data that can help it flip Dogecoin (DOGE) if sustained. The rivalry among altcoins in the top 10 by market capitalization is growing, with TRX and DOGE in the spotlight. Tron and Dogecoin: Possible winner At press time, the price of Tron was $0.2358, up 4.39% in 24 hours. With this valuation, the coin boasts a market capitalization of $22.32 billion. On the…
[ad_1] This is a segment from The Drop newsletter. To read full editions, subscribe. Abstract, the Ethereum L2 blockchain that claims it’s “leading the next generation of consumer crypto,” is featuring and endorsing a crypto mining game that some have accused of being a Ponzi scheme. Abstract has added “The Big Badge” as a visual badge reward for users who engaged with Bigcoin, an app that gamifies the BIG token and lets players “mine” the token from their virtual “facilities.” “Bigcoin aims to become the most recognized coin on the planet by combining the proven emission mechanics of Bitcoin with…
[ad_1] Asset manager Canary Capital is seeking approval from the SEC to launch a spot Sui exchange-traded fund that features staking. The Cboe BZX Exchange has submitted a 19b-4 form to the SEC, proposing a rule change to list and trade shares of the Canary SUI ETF. This is the first proposed ETF designed to track the performance of SUI, the native coin of the prominent layer 1 network. As noted in the filing, the ETF may stake portions of its holdings through trusted staking providers. “The Sponsor may stake, or cause to be staked, all or a portion of…