Finance - BE UPDATED

Ondo Finance Brings Its $185M Tokenized Treasury to XRP Ledger Network

By admin January 28, 2025FinanceNo Comments

Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said…

Bitcoin (BTC) Rebounds as DeepSeek Concerns Wane, AI Tokens Regroup

By admin January 28, 2025FinanceNo Comments

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq.…

XRP Surges 12% to Lead Crypto Rebound Ahead of U.S. FOMC

By admin January 28, 2025FinanceNo Comments

Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday,…

Head of Fundstrat Research Calls Monday’s Sell-Off an ‘Overreaction’ and a Great Buying Opportunity

By admin January 28, 2025FinanceNo Comments

Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the…

Short-Term Bitcoin Holders Quit, CME Open Interest Slid by Record During Monday’s Price Drop

By admin January 28, 2025FinanceNo Comments

Short-term bitcoin (BTC) holders exited the market at a loss Monday as tumbling prices also saw derivative traders throw in the towel, leading to a significant decline in open futures…

Bitcoin Miner Hive Digital (HIVE) to Buy Paraguay Site From Bitfarms (BITF) for $85M

By admin January 28, 2025FinanceNo Comments

Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations.The acquisition of the site…

Tokyo-Listed Metaplanet Announces $745M Raise to Buy BTC

By admin January 28, 2025FinanceNo Comments

Metaplanet (3350), the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC).Metaplanet has issued 21 million shares through 0% discount moving…

Tuttle Capital Proposes First-Ever Leveraged ETFs

By admin January 28, 2025FinanceNo Comments

Exchange-traded fund (ETF) provider Tuttle Capital Management is “testing the waters” of the crypto-friendly Trump administration with ten 2x leveraged ETF proposals to the U.S. Securities and Exchange Commission (SEC)…

Wintermute Eases Trading of the ‘U.S. National Digital Asset Stockpile’ Narrative

By admin January 28, 2025FinanceNo Comments

Crypto market maker Wintermute's Singaporean derivatives trading entity Wintermute Asia has introduced a contract for difference (CFD) linked to the GMCI USA Select Index, enabling traders to swiftly adapt to…

Mad Money's Jim Cramer Says 'Own Bitcoin, Not MicroStrategy'

By admin January 28, 2025FinanceNo Comments

Former hedge fund manager Jim Cramer called for owning bitcoin (BTC), but not its largest public holder MicroStrategy, in the latest segment of CNBC’s Mad Money on Monday night.“If you…