Galaxy Digital (GLXY) Head of Firmwide Research Alex Thorn expressed skepticism about the newly launched Open USD (OUSD) consortium stablecoin on Friday, arguing that consortium-based coins have struggled to gain scale even as his own firm has signed on as a member.Speaking on Galaxy's podcast, Tho…
Crusoe, the data center operator that supplies AI computing power to Meta Platforms Inc (META) and Oracle (ORCL), is reportedly in negotiations to raise $3 billion in funds.According to people familiar with the matter, the company’s valuation is expected to reach $30 billion after this round of fin…
ARK Invest CEO Cathie Wood pushed back on the de-dollarization narrative in the firm's latest "In the Know" on Thursday, arguing that the data do not support the widely held view that central banks are broadly dumping US Treasuries.Wood explained that despite the story that every central bank is se…
Tesla (TSLA) and SpaceX (SPCX) CEO Elon Musk posted an Artificial intelligence (AI)-generated patriotic video on Saturday, and Strategy’s (MSTR) co-founder, Michael Saylor, used it as a Bitcoin pitch, replying to it with a one-line message swapping the letter B for the Bitcoin symbol."We can still…
