Morpho Labs has raised $50 million from over 40 investors, including Ribbit Capital, which also invests in Revolut, NuBank, Coinbase, Robinhood, Mercado Libre, Figure, and Uniswap.
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Bluesky, the decentralized X (formerly Twitter) alternative—co-founded by former Twitter CEO Jack Dorsey—has catapulted to prominence in Brazil, gaining a staggering 1 million new users in just three days. The surge comes on the heels of a court-ordered suspension of X in the South American nation. The rapid influx of Brazilian users was more than…
Bitcoin experienced a sharp decline, dropping below $115,000 for the first time in nearly two weeks after briefly flirting with the $120,000 mark. Bitcoin’s Descent Just a day after flirting with the $120,000 mark, bitcoin ( BTC) experienced a swift descent, plummeting below $115,000 — a level not seen in nearly two weeks. Bitstamp data…
On August 15, exchange-traded fund issuer Defiance ETFs announced the launch of MSTX, MicroStrategy’s first-ever leveraged single-stock ETF. This development followed approval from the US Securities and Exchange Commission (SEC). Designed to provide 175% long daily exposure to MicroStrategy’s stock, MSTX offers investors amplified access to the company’s performance, closely tied to Bitcoin’s volatility. MicroStrategy’s…
Bitcoin ETFs recorded $83.27 million in net outflows on December 26, extending a multi-day redemption streak as BTC struggled to reclaim $88,000. Summary Bitcoin ETFs recorded $83.27M in outflows on Dec. 26, extending a five-day selloff. Fidelity’s FBTC led redemptions with $74.38M, while most ETFs saw zero flows. ETF outflows now exceed $750M as Bitcoin…
Supernet AI is excited to announce its collaboration with Port3 Network to shape the future of decentralized artificial intelligence (AI). This groundbreaking partnership integrates the advanced AI infrastructure into the blockchain. By doing this, the alliance aims to reinvent the interaction, evolution, and coordination of autonomous agents in the Web3 landscape. Supernet AI, a decentralized…
Shares of Strategy, Inc. (MSTR) jumped 12.3% to $148.94 on Wednesday, marking a sharp rebound for the Bitcoin proxy after months of losses. Coinbase Global (COIN) rose 16.2% to $211.84, extending its recent rally, while Robinhood Markets (HOOD) gained 8.5% to $82.50. The moves comes as Bitcoin surged past $73,000 this morning, hitting a one-month…