The biggest crypto news and ideas of the day |
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A message from Fidelity Careers |
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Circle Explores Sale As Well As IPO |
- Circle, which filed for an initial public offering (IPO) last month, has explored the alternative of a sale to Coinbase or Ripple, Fortune reported.
- Circle took part in informal talks over a potential sale from which it was seeking at least $5 billion.
- This figure would be line with the company's valuation by investment banks JPMorgan and Citi, which Circle had hired to help with its IPO.
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Traders Bet on Higher Ether |
- Crypto traders are betting on Ethereum's ether to reach $6,000 by Dec. 26 through bull call spreads.
- Over 30,000 contracts were executed over-the-counter, costing $7 million.
- Ether's price has surged over 80% since April, with analysts optimistic about further gains.
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The Industry’s Brightest Minds. One Unmissable Event.
Dealmaking. Networking. Big moves. Consensus 2025 is where the industry’s top players connect, innovate, and build what’s next. Don’t miss out. Save 15% with code NODE15. |
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Indian Supreme Court Raps Govt on Crypto |
- India's Supreme Court has questioned why the country's central government cannot formulate a "clear cut" policy on crypto regulation.
- "By regulating the cryptocurrency, you can keep an eye on the trade," Justice Surya Kant and N Kotiswar Singh said.
- India's government had plans to release a discussion paper outlining its crypto policy stance by September last year, though this has yet to materialize.
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TokenFi Is Tokenizing Floki Bot |
- TokenFi is set to tokenize the Floki Minibot M1, the first tokenization of a consumer AI robot.
- The tokenization coincides with the introduction of TokenFi's RWA tokenization module on May 23, with a presale for the Minibot M1's token.
- Rice Robotics, partnered with major companies like Nvidia and Softbank, developed the Floki Minibot, which operates autonomously on the RICE AI system.
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Stablecoin Bill Advances in the Senate |
Nik De
The U.S. Senate voted to move ahead on stablecoin legislation Monday night, removing a procedural barrier to ultimately passing the bill out of the body entirely. Senators easily cleared the 60-vote threshold for the vote, which is intended to just move the legislation to a period of further debate before a final vote series to pass it out of the Senate. The House of Representatives is working its way through its own version of stablecoin legislation, which is intended to create a regulatory framework for stablecoins and their issuers in the U.S. The Senate previously failed to reach the 60-vote threshold to advance the bill during a vote on May 8, after Democratic lawmakers raised concerns about consumer protection and national security provisions. That vote had failed on a bipartisan basis, after Republicans Josh Hawley and Rand Paul also voted against cloture. Despite that earlier setback, industry participants expected easy passage on Monday after lawmakers spent much of the last week negotiating changes in language, though many of these changes seemed marginal. One individual following the negotiations told CoinDesk that "there's enough" in the newest version of the bill to address some of Democrats' concerns earlier on Monday, though the lawmakers negotiating language could have added more hefty consumer protection provisions. After that latest overhaul, several Democratic lawmakers who previously voted against cloture, including Senators Ruben Gallego and Mark Warner, announced they would vote in favor of cloture ahead of the vote. |
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Ant Digital Technologies - The Intersection of Global Innovation For Blockchain, AI and Sustainable Investing
There’s no question that the past few months have been incredibly volatile for both traditional equity and crypto markets. At the very end of Q2, Bitcoin saw record breaking volatility, experiencing new all-time highs while simultaneously experiencing 30% drawdowns. At the same time, the S&P surged to record highs and pushed nearly 1,000 points below where it started in the beginning of 2025.
Changing risk appetite and investor sentiment over the past several months have highlighted the need for alternative investments. While traditional investors look for more consistent yield among volatility and companies look to expand their business ventures with more efficient financing operations, Real World Asset (RWA) tokenization has established itself as the new opportunity to grow. continue reading |
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