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Retail ETF Buying Drove Precious Metals Rally and Subsequent Crash

Retail gold purchases have tripled over the last six months, while Wall Street selling has accelerated over the past four months, according to data from the Bank for International Settlements (BIS). “Retail-driven exuberance,” increasingly channeled through exchange-traded funds (ETFs), “set the stage for outsize moves,” continuing the precious metal rally from 2025, reported the BIS

Block Rehires Staff Cut in February amid AI Shift

Block Inc., the firm behind payment platforms Square, Cash App and Afterpay, has quietly brought back a small portion of workers it laid off in late February with its transition to rely more on artificial intelligence. Multiple Block employees posted on LinkedIn this month that they had been offered a place to return to the

Traders Eye Relief Rally After Fed Holds Rates Steady

Crypto traders have become hopeful for a market rally after the US Federal Reserve held interest rates steady on Wednesday, according to crypto sentiment platform Santiment. However, analysts are split on whether a near-term market surge is a reliable signal for traders. “For now, traders are expecting a bullish relief rally in spite of no

Evernorth Advances Nasdaq Listing with SEC S-4 Filing

XRP digital asset treasury Evernorth has submitted a key filing with the SEC, putting it a step closer to its goal of going public on the Nasdaq stock exchange.   The Ripple Labs-backed firm announced plans to go public in October through a merger with special purpose acquisition company (SPAC) Armada Acquisition Corp. II (Armada II).

Polymarket Buys Brahma to Bolster DeFi Infrastructure

Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure. “As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday. Brahma, founded in 2021, says it has processed over $1 billion in volume and

SEC Clears Nasdaq Tokenized Securities Trading Pilot

Nasdaq has been given the regulatory green light to offer some tokenized stocks, which will trade alongside traditional securities on its exchange. The US Securities and Exchange Commission on Wednesday approved Nasdaq’s pilot proposal to support the trading of tokenized versions of stocks and other securities. Nasdaq first filed its proposal in September seeking to

Algorand Foundation Cuts 25% of Staff Amid Market Uncertainty

The Algorand Foundation, the organization behind the Algorand layer-1 blockchain, said it had made the “difficult decision” to reduce its headcount by 25% on Wednesday, citing the crypto slump and wider uncertainty. “This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in

Fold Q4 Revenue Up 8% as Bitcoin Rewards Expand

Bitcoin financial services firm Fold reported an 8% surge in revenue in Q4 to $9 million as it gained another 2,000 customers and rolled out more products aimed at integrating Bitcoin reward schemes into consumer spending. The results come just weeks after it released a Fold Bitcoin Rewards Credit Card, a Visa and Stripe-powered product

Bitcoin Pullback After FOMC, Bulls Keep Buying

Key takeaways: Spot market demand through US-listed ETFs and Strategy’s BTC buying supports Bitcoin’s bullish momentum Low leverage among Bitcoin bulls reduces the risk of cascading liquidations even if prices drop another 5%. Rising inflation concerns negatively impact fixed-income returns, paving the way for an eventual rotation from gold into Bitcoin. Bitcoin (BTC) faced a
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