Nasdaq 100 set for worst week since April meltdown
A risk-off week on Wall Street is drawing to a close, with some of the most-expensive areas of the market driving stocks lower while a renewed slide in crypto leaves…
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Polymarket volume inflated by ‘artificial’ activity, study finds
The volume of activity on Polymarket, one of the most popular prediction markets, has been significantly inflated by so-called wash trading in which users rapidly buy and sell the same…
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Bank of America CEO sees a ‘huge opportunity’ in the U.S. wealth business and ultra-high net worth
Bank of America is betting big on its wealth and investment management business, essentially leaning further into the top echelons of the upper class. Recommended Video The banking giant (No.…
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DeFi is creeping into corporate cash flow—‘The cat’s out of the bag’
Something interesting is happening in what is normally a dull corner of corporate finance. According to David Pakman, a managing partner at the venture firm CoinFund, finance executives are looking…
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Exclusive: DeFi founder who graduated Harvard at 18 raises $68 million for crypto trading protocol Lighter
“Pivot from crypto to AI” became a refrain in Silicon Valley after ChatGPT launched in 2022. Opportunistic founders looked to jump from one flagging hype cycle to the newer, shinier…
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Bitcoin traders are still rattled after $340 billion wipeout
Bitcoin is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto markets. Recommended Video The token briefly topped $107,000 on…
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Shares of Winklevoss’s Gemini sag as crypto firm losses grow
Gemini, the crypto exchange cofounded by Tyler and Cameron Winklevoss, saw its share price slide significantly on Tuesday. That followed the company reporting third quarter losses of $6.67 per share,…
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Chinese ‘cryptoqueen’ who allegedly scammed thousands jailed in UK over Bitcoin stash worth $6.6 billion
A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a U.K. court…
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Exclusive: Coinbase and stablecoin startup BVNK call off $2 billion acquisition
One of the largest deals ever for a stablecoin startup has fallen through. Coinbase and the U.K.-based BVNK have called off acquisition talks, a spokesperson for the crypto exchange confirmed…
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Exclusive: Crypto startup Seismic raises $10 million to help fintechs protect customer data
As more and more fintech companies use crypto, they face one big challenge: blockchains are public. This creates a risk that customers’ sensitive financial data, like their salaries, or how…
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