Coinbase Ventures purchased ENA tokens on the open market, marking a departure from its usual private round investments, as part of a new partnership with Ethena. This collaboration aims to develop on-chain finance and savings products for Coinbase's over 100 million users, with the first product launch expected next week. Ethena, which holds about $5.4 billion in total value locked, will leverage Coinbase's platform to expand its synthetic dollar assets and yield-generating products. The ENA token saw an 8.3% price increase following the announcement, highlighting market optimism about the partnership's potential impact.
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
Investors withdrew $4.7 billion from US spot Bitcoin ETFs since mid-May, driven by a falling Bitcoin price and concerns over Federal Reserve rate hikes. Bitcoin dropped from above $79,000 to below $60,000, with $1.7 billion in ETF outflows in the pas...
Dash (DASH) cryptocurrency has dropped 13% and is testing a crucial support level at $29.63, just above $28, which if broken would wipe out its entire October rally. Technical indicators like the Parabolic SAR and Chaikin Money Flow show strong beari...
Korean equities are benefiting from the AI-driven supercycle, supported by strong earnings and export growth. The country's industrial sector has shifted from traditional heavy manufacturing to a strategic base including defense, shipbuilding, and au...
Perrigo is rated Hold because of its distressed balance sheet, high leverage, and unsustainable dividend coverage. The company's 10.9% dividend yield is not supported by free cash flow, creating a near-term risk of a dividend cut unless it sells more...
