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Crypto Stocks Rally As Bitcoin Crosses 84K, BTC Mining Stocks Join The Rally
Bitcoin (BTC-USD) reached a record high on Monday, trading just under $85,000 on Monday morning while pushing several stocks tied to the crypto trade and the post-election rally higher to start the week in the aftermath of the Trump victory. COIN, HOOD Record Impressive Gains Coinbase stock and shares of other crypto-related companies were rising Monday as investors turned bullish. Coinbase (COIN) was up more than 17% on Monday and has now skyrocketed about 70% in the past five trading sessions. Similarly, Robinhood (HOOD) also saw its stock rise more than 8% Monday and is now up more than 38%...
Crypto VCs Cast Doubt as AI-Crypto Fusion Faces Scepticism at Emergence Conference
Rob Hadick from Dragonfly and David Pakman from CoinFund expressed skepticism about crypto projects competing with major AI players like OpenAI, Meta, and Microsoft. The panelists agreed decentralised AI systems lack practicality and scalability in the near term, with limited potential to challenge centralised giants during this market cycle. Speaking at The Block’s Emergence conference in Prague, Rob Hadick, general partner at the crypto-focused VC Dragonfly, is not convinced that crypto projects can outpower major AI players such as OpenAI, Meta, and Microsoft, let alone achieve synergy between the two fields. Hadick essentially said that what RWAs, DePIN, GameFi, AI...
Reports Say SEC May Intend to Back Down on Claiming SOL, ADA, MATIC are Securities
In a joint court filing with Binance, the SEC has sought leave to amend its complaint against the crypto exchange, removing the need for the court to rule on whether several leading crypto projects should be labelled securities. The response to the filing on X / Twitter has been mostly negative, with many highlighting the SEC’s inconsistency in applying its own regulations and failure to provide any regulatory clarity. Is that the distant sound of flip-flopping I hear? A court filing jointly submitted yesterday by the US Securities and Exchange Commission (SEC) and Binance, as part of their ongoing legal...
