Bitcoin inverse head and shoulders is forming near $108,000–$112,500 and could signal a bullish reversal if BTC breaks above the $112,500 neckline with volume confirmation. Traders should watch $117,570 as
Nvidia’s earnings exceeded expectations, influencing the cryptocurrency market. Bitcoin once again rose above the $112,000 level following fluctuations. Continue Reading: Crypto Market Reacts to Nvidia’s Earnings Report The post Crypto Market Reacts to Nvidia’s Earnings Report appeared first on COINTURK NEWS .
North Korean crypto theft refers to coordinated fraud by overseas IT workers who infiltrate foreign firms to steal cryptocurrency; U.S. Treasury sanctions target individuals and front companies tied to these
Metaplanet will raise $881 million (¥130.3 billion) through an international share sale, using most of the proceeds to buy bitcoin. The move would expand its BTC holdings by $837 million and strengthen its position as Japan’s leading bitcoin treasury company. Japan’s Metaplanet Plans Massive Bitcoin Buy From New International Offering Metaplanet, a Tokyo Stock Exchange-listed
The sanctions implicate entities first targeted by the Biden administration for their role in stealing crypto from American companies via elaborate scams.
Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year earlier. The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing. Shares of the company fell 1.7 % in after-hours trading, with some noting data center revenue as a bit soft at $41.1 billion against estimates of $41.29 billion. AI-linked tokens such as Internet Computer (ICP), NEAR Protocol, and Bittensor (TAO) showed little reaction to the news, trading roughly flat from prior to the results. Bitcoin (BTC), ether (ETH) and XRP (XRP) knee-jerked lower on the news, but quickly retraced those losses, showing roughly no net movement from prior to the earnings. Wall Street will parse Nvidia’s commentary closely, especially for signs that hyperscalers like Microsoft, Meta, and Amazon are still ramping up chip orders. Analysts are also looking for updates on the company’s work to develop more advanced chips for China, a market where U.S. export restrictions complicate sales. Nvidia is set to host its earnings call at 5 p.m. E.T., where executives will field questions from analysts.
Aave Labs has launched Horizon, a new platform that allows institutions to borrow stablecoins against tokenized real-world assets (RWA). This move puts Aave at the leading edge of institutional decentralized finance (DeFi). Horizon offers a borrowing system that is capital-efficient, compliant, and available 24/7, designed specifically for regulated organizations. Horizon Comes With Exciting Features and Benefits Notably, Horizon will allow qualified institutions to use tokenized U.S. Treasurys and other high-quality funds as collateral. In exchange, these institutions can borrow stablecoins like USDC, GHO, and RLUSD. This setup offers regular access to cash and stable assets while keeping the features of DeFi, such as transparency and flexibility. It is also worth noting that Aave Labs is working with major companies to improve its platform for institutional investors. These companies include Circle, VanEck, Chainlink, OpenEden, KAIO, Athena, RLUSD, Ant Digital Technologies, and WisdomTree. These partnerships build trust and make the ecosystem more reliable and compatible, ensuring that it meets the high expectations of these investors. Importantly, Horizon has introduced a new approach to compliance. It enforces rules at the token level, which means that only qualified entities can interact with specific assets. At the same time, Horizon allows permissionless stablecoin markets, keeping the open nature of decentralized finance. This two-layer system balances the needs of institutions for compliance with the push for decentralized innovation. Aave Launches on Aptos Recently, Aave Labs launched on the Aptos blockchain . As reported by TheCoinRise, this is Aave’s first deployment on a non-EVM (Ethereum Virtual Machine) network. This move supports Aave’s long-term plan to grow across multiple blockchains and brings its lending services to a new ecosystem. Likewise, developers on Aptos can now use Aave’s proven lending system. They have access to helpful tools, clear documentation, and the ability to create advanced on-chain financial apps. Aave protocol currently manages tens of billions in deposits across different networks. As such, this adds credibility to the growing Aptos DeFi ecosystem. RWA Tokenization Projected to Reach $600 Billion by 2030 Real-world assets have recorded massive growth , fuelled by an increase in Total Value Locked (TVL) on Ethena USDtb and BlackRock’s BUIDL. The growth of the RWA sector reflects the increasing demand from investors for safer investment options. This has been the market’s outlook since FTX and other top crypto exchanges collapsed three years ago. Meanwhile, market observers believe there is a huge prospect for the RWAs tokenization sector. Last year, Boston Consulting Group (BCG), in collaboration with Aptos Labs and Invesco, noted that the RWA tokenization can capture 1% of the global mutual fund and exchange-traded fund by 2030. This equates to reaching $600 billion by the projected fund. The post Aave Labs Unveils a New Stablecoin Borrowing Platform appeared first on TheCoinrise.com .
Nvidia, one of the world's largest companies in artificial intelligence and chip production, has approved an additional $60 billion share buyback program. The company's second-quarter results were also in line with market expectations. Related News: List of Altcoin Projects with the Highest Number of Active Users in the Last Week Published Nvidia reported Q2 revenue of $46.7 billion, slightly above the market estimate of $46.23 billion. Data center revenue, the company's largest business, came in at $41.1 billion, compared to the market expectation of $41.29 billion. *This is not investment advice. Continue Reading: BREAKING: Nvidia Releases Earnings Report – Could Impact Many Altcoins, Here Are the Details
VersaBank, a Canadian digital bank with a focus on business clients, has started testing a tokenized deposit that the bank says provide a safer and more compliant alternative to stablecoins. The pilot, run through the bank's U.S. subsidiary VersaBank USA, will trial a U.S. dollar version of the bank's blockchain-based Digital Deposit Receipts (DDRs) tech. Each token, branded USDVB, represents one U.S. dollar held on deposit at VersaBank USA. The program will simulate thousands of transactions of small value, first internally and then with select external partners. Tokens will be managed through the bank’s digital vault and e-wallet platforms and issued on the Ethereum (ETH), Algorand (ALGO) and Stellar (XLM) blockchains. While stablecoins, crypto tokens with prices tied to fiat currencies like the U.S. dollar, have captured most of the attention, banks are also exploring tokenized deposits to make money transfers more efficient using blockchain rails. A stablecoin, like Circle's USDC or Tether's USDT, is typically issued by a private company and backs the tokens' value with reserves held at a third-party custodian. Meanwhile, a tokenized deposit is a liability of a regulated bank and subject to banking rules. Earlier this year, Custodia and Vantage Bank tokenized U.S. dollar demand deposits on Ethereum, while JPMorgan tested its deposit token on Coinbase’s layer-2 network Base. Unlike most stablecoins, VersaBank said its tokens are federally insured and can earn interest, making them functionally similar to traditional deposits but with the added efficiency of blockchain-based settlement. The bank said it expects to finish the pilot by the end of 2025 and will seek approval from the Office of the Comptroller of the Currency (OCC) before any public launch. Read more: Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America
A key bullish pattern has been spotted on Bitcoin's one-hour chart by a top trader