Day: April 24, 2025

Tether Boosts Stake in European Football Club Juventus to Over 10%

Tether, the issuer of the world’s largest stablecoin, has raised its stake in the Juventus Football Club to over 10% after expanding its stake in the Italian giant earlier this month. This latest move gives Tether Investments S.A. de C.V., the firm’s investment arm, 6.18% of voting rights. That cements Tether as a significant shareholder and hints at deeper involvement in the governance and financial future of one of Europe’s most storied sports institutions. Juventus, founded in 1897 and with 36 league titles to its name, is a major club…

Binance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gap

boss

Cryptocurrency exchange Binance has introduced a new fund management solution designed to simplify asset management for portfolio managers, highlighting the growing sophistication of institutional tools in the digital asset space.  On April 24, Binance launched Fund Accounts, a tool commonly used by traditional asset managers and brokerage firms to consolidate client assets and streamline portfolio management. Binance said Fund Accounts allow portfolio managers to “consolidate externally-raised investor assets into one or multiple omnibus accounts,” which can reduce operational complexity and enable more efficient trading execution.  Presumably, these omnibus accounts operate…

XRP Will Print A New All-Time High If This Happens: Analyst

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A fresh daily chart shared by market technician @cryptoWZRD_ suggests that XRP is just one technical trigger away from price discovery. The analyst’s chart—published early Thursday on TradingView—plots XRP/USDT…

As OpenAI targets $174B by 2030, rivals, lawsuits, and infrastructure strain loom large

Is OpenAI building the next internet-scale company, or is its $174 billion forecast facing pressure from rivals who’ve opted for openness and speed over vertical integration? OpenAI’s $174 billion vision for 2030 In an industry where bold bets often blur the line between foresight and fantasy, OpenAI’s internal projections for the next five years are ambitious even by Silicon Valley standards.  According to The Information, the company behind ChatGPT has informed investors that it expects to generate $125 billion in revenue in 2029 and $174 billion in 2030. These figures…

Bitcoin Steady at $93K As Battle With Gold Ensues

boss

The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, gold, which surged to […] Original

Chicago Mercantile Exchange (CME) Group to launch XRP futures

boss

The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP) futures contracts will go live on May 19. According to the April 24 announcement, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts will be cash-settled. In January 2025, the CME Group signaled an impending launch of XRP futures before quietly pulling the related page from its website. CME’s announcement is the latest in a growing wave…

CME Group to Launch XRP Futures in May

Key Notes Derivatives marketplace CME Group will launch XRP futures on May 19, pending regulatory approval. Contracts are available in two sizes, cash-settled with a daily reference rate. Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC. Global leading derivatives marketplace CME Group has confirmed adding XRP futures to its list of cryptocurrency derivatives products. The launch is planned for May 19, pending the green light from regulators. This recent development is part of the firm’s continued effort to meet growing demand from investors looking for…

NH Bitcoin Bill Moves to Senate Vote

Key Notes New Hampshire House Bill 302 allows the state to invest up to 10% of its funds in cryptocurrencies like Bitcoin. The bill passed through the second Senate committee with a 4-1 vote and will now go to the full Senate. Critics argue the bill could affect the state’s financial management, while supporters see potential for high returns. The New Hampshire Senate has been considering Bill 302, which would allow the state to incorporate precious metals and cryptocurrencies like Bitcoin into its financial strategy. The bill has passed the…

Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin has spent the majority of the past 24 hours on a notable rally that saw it price peak at an intraday high of $94,320. This rally marks an…

Bitcoin supply on exchanges is falling ‘due to public company purchases’ — Fidelity

boss

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, as publicly traded companies ramp up their accumulation of the digital asset following the US presidential election, according to Fidelity Digital Assets.  “We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate accelerating in the near future,” Fidelity reported on the X social media platform. Source: Fidelity Digital Assets Fidelity said the supply of Bitcoin (BTC) on exchanges had fallen to roughly 2.6 million BTC, the lowest…