Bsquared Technology Pte Ltd has no auditors to answer to yet — but it will. Singapore’s central bank has ordered the crypto firm to produce a closure certificate confirming that all customer funds have been returned. The company told regulators it holds no outstanding customer assets. A License Gone In 16 Months The Monetary Authority […]
The Holy See announces a new technical commission on AI, a precursor to Pope Leo XIV’s first-ever encyclical addressing technology’s impact on society. The post Vatican forms AI commission ahead of historic encyclical appeared first on CoinGeek.
HYPE is showing remarkable strength as it approaches all-time highs — a performance that stands in sharp contrast to the broader market, facing selling pressure and uncertainty. While most assets have been retreating, Hyperliquid’s native token has been moving in the opposite direction, drawing attention from the most closely watched category of participants in the […]
Anthropic is on track to generate $10.9 billion in second-quarter revenue, more than doubling its first-quarter haul. The figure puts the artificial intelligence (AI) company on track for its first quarterly operating profit. Anthropic Q2 Revenue Set To Double According to The Wall Street Journal, Anthropic shared the numbers with investors as part of an […]
BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.
Meta’s AI training on employee work amid layoffs risks reputational damage, legal scrutiny, and challenges in attracting top talent. The post Meta trains AI on internal engineers’ work as it cuts 8,000 jobs appeared first on Crypto Briefing.
Global financial technology firm Intuit will eliminate roughly 3,000 roles, about 17% of its global workforce. The firm disclosed the cuts the same day it reported third-quarter revenue of $8.6 billion, up 10%. Intuit Joins The AI Layoff Wave The move comes as the firm seeks to focus on 3 key bets, including artificial intelligence […]
Potential rate hikes could tighten financial conditions, impacting risk assets and increasing market volatility tied to economic data releases. The post Fed minutes reveal majority open to rate hikes if inflation persists appeared first on Crypto Briefing.
The Fed’s openness to rate hikes signals a potential shift to tighter monetary policy, impacting economic growth and inflation management. The post Fed minutes reveal openness to rate hikes if inflation stays above 2% target appeared first on Crypto Briefing.
US-based exchange-traded funds tied to HYPE recorded a 50% trading volume jump on Wednesday, in a rare move for newly debuted ETFs, according to analysts. Two Hyperliquid (HYPE) ETFs from issuers Bitwise and 21Shares have recorded nearly $41 million in total value traded since their launches earlier this month, with trading volumes increasing since their debuts, according to SoSoValue.Bloomberg ETF analyst Eric Balchunas said in an X post Wednesday that such trading increases for ETFs are “very rare,” and many normally record a “big splash [on] day one then drop off OR oblivion for months until [people] notice it. Rare to build in first week like this.”Balchunas pinned the ETFs’ growth on a “perfectly timed launch as EVERYTHING (stocks, bonds, gold, btc [Bitcoin], cryptos) is down lately except the HYPE.”Source: Eric BalchunasThe Hyperliquid token has gained 120% so far this year and is up 18.5% in the past day to $56, according to CoinGecko. Traders have flocked to the token and the platform, with some analysts viewing it as the next trendy crypto play because it has captured a large portion of the crypto perpetual futures market.Over the past year, the S&P 500 has gained 8.6%, while the tech-heavy Nasdaq 100 has gained 16%, while Bitcoin has fallen 11%. It comes a day after Bitwise, one of two issuers of a US-based HYPE ETF, said traders had mispriced HYPE, arguing the platform is more than just a crypto exchange, but a “super-app” encompassing multiple asset classes.Related: Hyperliquid eyes 55% price rise after Silicon Valley investor’s ‘massive HYPE buy’21Shares was the first to launch a HYPE fund in the US, launching its 21Shares Hyperliquid ETF (THYP) on May 12 and drawing $1.2 million in net inflows, far below other altcoin ETF launches such as those for Solana staking. The Bitwise Hyperliquid ETF (BHYP) debuted later that week on May 14 to $750,000 in net inflows, The two ETFs recorded their highest day of net inflows Wednesday, with a combined $25.5 million in net inflows. The 21Shares ETF recorded $16.6 million, while Bitwise’s ETF recorded $8.8 million. Crypto asset manager Grayscale also filed for a Hyperliquid ETF in March, with the planned fund currently being processed by US regulators.The X account Lookonchain said on Wednesday that two wallets linked to Grayscale had purchased $25 million worth of HYPE over the past week and staked it, but it is not known if the move is tied to the company’s planned ETF.Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets
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