Author: Ethan Carter

Jefferies, the investment bank, indicated that shareholders of Core Scientific (CORZ) are likely to reject the merger proposal with CoreWeave (CRWV) in the upcoming vote on October 30, especially since CORZ shares are trading about 18% higher than the suggested offer price. This premium signals that investors believe the merger undervalues Core Scientific, and Jefferies forecasts a negative outcome unless CoreWeave’s stock experiences a significant increase, as stated in a report issued on Tuesday.Proxy advisor ISS, along with a major stakeholder, Two Seas Capital, have recommended that investors turn down the deal, raising concerns about valuation and structural issues.The valuation…

Intuition has released its layer 3 Information Finance-driven mainnet, establishing a decentralized trust layer for AI and the internet following an $8.5 million funding round. Summary Intuition has officially launched its mainnet after raising $8.5 million in funding, marking its transition from testnet to full production as it builds a decentralized infrastructure for verifiable, on-chain information in the AI and Web3 sectors. The network introduces a novel data model using Atoms, Triples, and the $TRUST token to create a Token Curated Graph that enables users and AI systems to access, verify, and monetize information. According to a press release received…

Key takeaways:A breakout of the bull flag and inverse head-and-shoulders pattern targets a $3 price for XRP.A significant drop in XRP exchanges and record outflows indicate strong accumulation.The 90-day spot CVD has turned positive, showing that taker buy volume is dominant, which implies ongoing demand for a rally.XRP (XRP) is signaling various technical and on-chain indicators that a price rally to $3 could occur in the next few weeks. Here are four charts supporting the potential for a near-term breakout.XRP price bull flag pattern targets $2.97The four-hour chart illustrates XRP confirming a bull flag pattern after the price surged past…

Opinion by: Brian Huang, co-founder of GliderThe cryptocurrency market operates around the clock, exposing users to relentless risk and underscoring the need for automated protections. Unlike the US stock market, which closes at 4:00 p.m. ET on weekdays, crypto markets never rest.As more assets, including stocks, transition to on-chain formats in the upcoming years, the landscape of trading will inevitably shift to 24/7 operations. Although global permissionless access to assets is advantageous, no consumer tool—be it in traditional finance (TradFi) or decentralized finance (DeFi)—is designed to safeguard users continuously.We’re entering an era of perpetual market exposure. Consequently, DeFi has fostered…

Taurus, a Swiss provider of digital asset infrastructure for financial institutions, has announced its expansion into the U.S. with a new office in New York. This marks its second location in North America and reflects a rising institutional interest in regulated cryptocurrency services as U.S. policy evolves, the company stated on Wednesday. Taurus had previously opened an office in Vancouver, Canada. The expansion coincides with changes like the GENIUS Act, the Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121, which are reshaping the U.S. regulatory environment and creating what many in the industry view as a…

Main Highlights:Bitcoin is facing time constraints to achieve “golden week” gains typical since 2015.BTC’s price action must recover to $116,000 before the Wednesday daily close, according to research.Cryptocurrency markets may receive a last-minute boost from cuts in US interest rates.Bitcoin (BTC) has limited hours to salvage its usual October “golden week” as it struggles to hold at $113,000.Research from network economist Timothy Peterson shared on X indicates that BTC/USD needs to rise by 7% by the end of Wednesday.Bitcoin’s Uptober Recovery Begins with $116,000 ReclaimBitcoin seasonality remains in focus as a less-than-stellar “Uptober” concludes.Peterson highlights one area of interest is…

Ondo Finance, a specialist in real-world assets (RWA), has broadened its tokenized securities platform to the BNB Chain BNB$1,117.18, providing access to over a hundred U.S. stocks and ETFs on one of the most active blockchain networks.This initiative enables BNB Chain’s 3.4 million daily users to trade tokenized shares of companies like Apple and Tesla, as well as popular ETFs, 24/7 through Ondo Global Markets.These assets primarily target non-U.S. investors seeking exposure to U.S. markets while facing geographical or regulatory hurdles.Tokenized stocks gained momentum earlier this year as digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit, and Gemini, began…

Thopen, a prominent solar power producer in Brazil, is considering a foray into Bitcoin mining to utilize excess energy generated by the burgeoning renewable energy sector, as per the company’s CEO in an interview with BN Americas.Gustavo Ribeiro, CEO of Thopen and majority owner of Pontal Energy, mentioned to BN Americas that the firm is looking into Bitcoin (BTC) mining expansion, according to a report released Wednesday. When addressing Brazil’s surplus energy issue, Ribeiro indicated that diversification is part of the company’s strategy.He added that the firm is also “exploring options like data centers and Bitcoin mining close to the…

A statue of Binance founder Changpeng “CZ” Zhao situated near the U.S. Capitol in Washington D.C. became controversial after a memecoin called “czstatue” surged by 27,000% in a single day before plummeting back to almost zero.The token, which peaked at 17.5 cents, generated $1.2 billion in trading volume prior to its crash after Zhao tweeted “Don’t buy the meme,” downplaying the intent behind the statue.CZ was recently pardoned by U.S. President Donald Trump after serving four months in prison in 2024. He pleaded guilty in November 2023 to violating the Bank Secrecy Act.Loading…”While I appreciate the gesture, the existence of…

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