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Bernstein nearly doubled its price target on Advanced Micro Devices Inc. after the chipmaker posted first-quarter results that topped market expectations. BlockBeats reported on May 6 that Bernstein raised its target on AMD to $525 from $265 and kept
Anchorage, a US crypto bank, is launching an artificial intelligence agent-based banking service. Chief Executive Officer Nathan McCauley announced the new service in a post on X. It is designed to let AI agents access traditional finance and crypto
A Chinese state-backed investment fund is seeking to invest in domestic artificial intelligence startup DeepSeek at a valuation of $45 billion, the Financial Times reported. The newspaper reported on May 6 that the China Integrated Circuit Industry I
Coinbase Asset Management, the asset-management arm of US cryptocurrency exchange Coinbase, has launched a stablecoin-based credit fund for institutional investors. CoinDesk reported on April 30 that Coinbase Asset Management introduced the Coinbase
North Korea-linked hacking groups were behind 76% of cryptocurrency hacks worldwide so far this year, a new report found. CoinDesk reported on April 30 that blockchain analytics firm TRM Labs said North Korean hacking groups, including DPRK and Lazar
Gemini, the US cryptocurrency exchange, has secured a derivatives clearing organization, or DCO, license from the Commodity Futures Trading Commission. The Block reported on April 30 that Gemini said its Olympus unit received the license that day. Th
Japan's foreign-exchange authorities appear to have intervened in the market by buying yen. Nikkei reported on April 30 that the Japanese government and the Bank of Japan conducted a foreign-exchange market intervention by buying yen and selling doll
Solana has launched a research institute in Switzerland as it steps up efforts to engage financial institutions in the European Union. Cointelegraph reported on April 30 that Solana launched the Solana Research Institute, or SRI, in Switzerland that
Alberta Investment Management Corp. (AIMCo), a Canadian pension fund manager, has bought about $220 million worth of Strategy shares. Wu Blockchain reported on April 30 that AIMCo disclosed it had acquired 1.38 million shares of Strategy. The stake i
The US core personal consumption expenditures price index matched market expectations in March. The Bureau of Economic Analysis said April 30 that the March core PCE price index rose 3.2% from a year earlier, in line with a 3.2% estimate compiled by
US applications for unemployment benefits fell sharply last week, coming in well below market expectations. The Labor Department said April 30 that initial jobless claims totaled 189,000 last week. That was 24,000 below economists’ forecast of 213,00
The European Central Bank left all three of its key policy rates unchanged at its monetary policy meeting on April 30. The ECB kept its deposit rate at 2.00%. The main refinancing rate remained at 2.15%, and the marginal lending facility stayed at 2.
MARA Holdings, a U.S. Bitcoin miner, has agreed to acquire a large gas-fired power plant as it expands into artificial intelligence infrastructure. The company said April 30 it signed a deal with FTAI Infrastructure to buy Long Ridge Energy & Power f
The US has seized $500 million in Iran-linked cryptocurrency assets, Cointelegraph reported. US Treasury Secretary Scott Bessent told Fox Business on April 29 that the seizure was part of Washington’s economic pressure campaign against Iran. Cointele
Japan Exchange Group Inc. could list a cryptocurrency exchange-traded fund as early as next year. Chief Executive Officer Hiromi Yamaji told Bloomberg TV in an interview on April 30 that JPX may list a crypto ETF as soon as next year. The exchange op
Ark Invest, the asset manager led by Cathie Wood, bought additional Robinhood Markets Inc. shares worth about $39.4 million. The Block reported on April 29 that Ark purchased 553,892 Robinhood shares through three of its exchange-traded funds that da
A proposal to unlock 62 billion WLFI tokens at World Liberty Financial, the cryptocurrency project tied to US President Donald Trump’s family, is on track to pass. CoinDesk reported on April 29 that the governance proposal had won 99.5% support as of
Arthur Hayes, co-founder of BitMEX, said Hyperliquid has the makings of a strong competitor in prediction markets. CoinDesk reported on April 30 that Hayes wrote in a memo that Hyperliquid will quickly emerge as a major prediction market, driven by i
Global crypto payments company MoonPay is expanding cooperation with Woori Bank on infrastructure for a Korean won stablecoin. MoonPay said on April 30 that it signed a memorandum of understanding with Woori Bank to build infrastructure for a Korean
A South Korean court has put on hold a financial regulator’s partial business suspension order against cryptocurrency exchange Bithumb. The Seoul Administrative Court’s Second Administrative Division on April 30 granted Bithumb’s request to suspend e
Ripple, the issuer of XRP, has opened a regional headquarters in Dubai as it expands its business in the United Arab Emirates. Ripple said on its website on April 30 that it had opened its Middle East and Africa headquarters at the Dubai Internationa
Bhutan's government has transferred another 100 Bitcoin as it continues to sell down its holdings. Blockchain analytics firm Arkham said on April 29 that the Bhutanese government moved 100 Bitcoin to an external wallet. The transfer was worth about $
Crypto payments company MoonPay has acquired key-management infrastructure firm Sodot for $100 million and is expanding further into institutional business. The company announced the acquisition on April 29, citing a report from The Block. The transa
Securitize, the tokenization platform backed by BlackRock, is partnering with Computershare to bring U.S.-listed stocks on-chain. Citing a statement released April 29, CoinDesk reported that Securitize had signed a partnership with Computershare to h
Kevin Warsh’s nomination to serve as the next chair of the Federal Reserve cleared the U.S. Senate Banking Committee. Bloomberg reported on April 29 that the panel approved Warsh’s nomination and sent it to the full Senate. If the full chamber confir
Global prediction market platforms handled nearly $26 billion in monthly trading volume last month. The Block reported on April 29 that Polymarket and Bitget Wallet, citing a report released the same day, estimated global prediction market trading vo
Standard Chartered has maintained its forecast that the global real-world asset, or RWA, market will grow to $2 trillion by 2028. The Block reported on April 29 that Geoffrey Kendrick, the bank’s global head of digital assets research, wrote in a rep
President Donald Trump met with executives from major energy companies, Axios reported. Trump held the meeting on April 28 with senior executives from major oil and gas companies, the political news outlet reported on April 29. Attendees included Che
Iran said it would launch a military response if the US continues what Tehran described as a counter-blockade in the Strait of Hormuz. A senior Iranian government official said on April 29 that Tehran would take substantive and unprecedented military
Pump.fun, a Solana-based meme-coin issuance platform, will reduce the share of revenue allocated to token buybacks to 50% from 100%. In a post on its official X account on April 29, Pump.fun said it had been one of the few crypto projects to devote 1