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The Baby Shark token, launched as an official representation of the popular children’s video, plummeted over 90% in value following a denial of authorization from brand owner Pinkfong. Initially priced at 35 cents, the token dropped to under 0.064 cents after it was revealed that the entity minting
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Publicly traded companies are accumulating Ethereum in significant quantities, now holding over 5.25 million ETH, valued at more than $20.9 billion, which constitutes over 4% of the total ETH supply. The leading firms in this growing market include BitMine Immersion Technologies, which has amassed a staggering 2,416,
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The week of September 20-26, 2025, saw significant venture funding activity, with eight of the fifteen largest funding rounds exceeding $100 million. Notably, two software providers, Judi Health and Filevine, each secured $400 million, focusing on health benefits and legal practice management, respectively. Other substantial rounds included Modular, which raised
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Kraken has reportedly secured $500 million in funding at a $15 billion valuation as it positions itself for a potential initial public offering (IPO). This funding round, first reported by Fortune, signals growing speculation surrounding the company's IPO plans. While Kraken has not yet filed the necessary regulatory
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OpenAI's GDPval benchmark has revealed that AI, particularly models like Claude and GPT-5, is matching human experts in various professional tasks such as legal briefs, coding, and report generation. The study assessed 1,320 tasks across 44 occupations, particularly focusing on roles that rely heavily on digital work,
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Bitcoin's price continues to decline, dipping below the critical $109,000 support level, as bears target this mark during the last Wall Street open of the week. Despite recent US PCE inflation data aligning with expectations, crypto traders remain cautious, with significant selling pressure noted. Bitcoin is now
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Chainlink's native token, LINK, has dropped to a six-week low of $20, marking a nearly 28% decline from its August highs amid a generally bearish market. Despite this downturn, buying interest remains strong. A notable purchase of $4 million in LINK by wealth management firm Caliber has raised
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Riot Platforms (RIOT) received dual upgrades from JPMorgan and Citigroup, reflecting a positive shift in investor sentiment regarding the bitcoin mining company amid evolving industry conditions and a focus on high-performance computing. JPMorgan upgraded Riot’s rating to overweight from neutral and increased its price target to $19, citing it
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Kraken has completed a $500 million funding round, valuing the crypto exchange at $15 billion and moving closer to a potential IPO now anticipated in 2026. The round included various investment managers, venture capitalists, and co-CEO Arjun Sethi through Tribe Capital. Founded in 2011, Kraken has built a strong reputation
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As President Donald Trump's second term unfolds, the CFTC still lacks a permanent chair. Although Brian Quintenz was favored for the role, confirmation stalled due to White House requests. Names like Michael Selig, Tyler Williams, Jill Sommers, Kyle Hauptman, and Josh Stirling have surfaced as potential candidates. Selig
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Eric Trump, the son of former President Donald Trump, believes that stablecoins have the potential to preserve the strength of the US dollar. In a recent interview, he cited USD1, a stablecoin linked to the Trump family's crypto project, World Liberty Financial, claiming it could reinvigorate the dollar
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In crypto today, UK Finance announced the launch of a pilot for tokenized sterling deposits (GBTD) in partnership with six major banks: Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. This initiative aims to digitize traditional British pound commercial bank money and will explore its benefits for customers and