The Facts.
Crypto

Avalanche-powered Axiym bets on money services businesses

Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph. Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain. The

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Crypto

White House receives over 10,000 comments on AI development plan

The White House said on April 24 that it received more than 10,000 public comments on its planned artificial intelligence action plan, indicating widespread interest in the technology as the global race for AI leadership accelerates. Among the stakeholders providing inputs were AI giants such as OpenAI, Meta, Amazon, Google, and Microsoft. In addition, organizations

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Crypto

Crypto startups no longer welcome in Nvidia’s accelerator program

Nvidia’s accelerator program appears to sidestep digital assets startups, with its help section listing crypto-focused companies as ineligible to join the tech giant’s global network of founders. According to the program website, crypto companies and four other types of businesses are excluded from participating in Nvidia’s Inception: consulting and outsourced development firms, cloud service providers,

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Crypto

Ex-SEC chair, now heading SDNY, offers rebuke in $12M crypto fraud case

Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission, has begun offering statements in criminal cases involving crypto fraud. In an April 23 notice, the US Attorney’s Office said Eugene William Austin, also known as Hugh Austin, had been sentenced

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Crypto

Bitcoin long-term holders get $26B boost as BTC price recovers from ‘fairly normal’ 30% correction

Key Takeaways: The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900. Short-term holders sold at a loss in early April. Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone. Bitcoin (BTC) long-term holders (LTHs) significantly increased their

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Crypto

Securitize, Mantle launch institutional crypto fund

Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said.  Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including

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Media

Intel issues weak guidance, says it will slash expenses this year

In its first earnings report under the leadership of CEO Lip-Bu Tan, Intel said it plans to slash operational and capital expenses in the coming year. ​Read More

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Crypto

SEC task force met with Trump-supporting firms to discuss crypto regulation

The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes. In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell

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Crypto

Ethereum sees record single-day inflow with 449K ETH in accumulation addresses

Key Takeaways: Ethereum saw a record 449,000 in ETH inflows to accumulation addresses on April 22. Active addresses rose 10%, signaling growing network engagement, but DeFi activity remains weak with declining DEX volumes. Holders in accumulation addresses remain underwater with a realized price of $1,981. Over the past 10 days, Ethereum inflows into accumulation addresses

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Media

Industrial conglomerate Dover cut its guidance — here’s why the stock is rallying anyways

Dover executives are being prudent with their outlook at a time of great uncertainty. ​Read More

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