Datavault AI (DVLT) shares plunged nearly 50% on Tuesday after a filing revealed that the company had been unable to withdraw bitcoin from crypto exchange Biconomy since June and would have to restate its financial results. The stock closed at $0.067, down 49.55%, with roughly… Read More
However, the White House’s broader push to regulate crypto markets suffered a setback after Congress failed to pass the Clarity Act, which would have established a federal framework for the industry. Bessent called the failure a disappointment but said the Treasury Department could work with… Read More
Janus Henderson, a London-based asset manager overseeing roughly $500 billion, is bringing one of Wall Street’s best-known stock indexes onto blockchain rails through an issuer-sponsored fund. The launch comes amid an escalating debate over who gets to tokenize traditional securities. The firm teamed up with… Read More
The stress is showing up in credit markets too. The cost of insuring against defaults on the debt of several AI-linked firms has hit record levels. This insurance is called a credit default swap (CDS). The buyer pays a yearly premium, and if the borrower… Read More
The deals arrive as the prediction markets face a nationwide legal battle with several state governments that contend such betting belongs more appropriately under the power of their gambling laws. Three major federal court decisions have landed on both sides of the issue, with two… Read More
The comparison follows weeks of pressure on AI-related stocks amid concerns about spending on data centers and the returns those investments might bring. Lee pointed to crypto’s smaller decline as a sign of strength, though it doesn’t rule out further losses. Bitmine keeps buying ETH,… Read More
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