BitGo buys NYDIG trading arm to deepen institutional crypto push

BitGo has acquired the institutional trading business of Bitcoin infrastructure company NYDIG, adding derivatives and financing capabilities as it expands services for institutional crypto clients.  BitGo said it completed the acquisition of NYDIG‘s institutional trading business under a definitive agreement, the company announced Thursday. The transaction includes NYDIG’s institutional client trading relationships and about 30 employees who joined BitGo. The companies did not disclose financial terms.  The acquired business provides derivatives, structured products, financing and capital markets services to clients including asset managers, hedge funds and companies. BitGo CEO Mike Belshe said the acquisition will “meaningfully scale” the companys trading and infrastructure capabilities and allow it to serve a broader range of institutional clients.  “This transaction allows our team to continue delivering the same innovative solutions, execution quality, and dedication clients have come to expect, now backed by an even deeper set of resources,” said Pete Janney, head of financial infrastructure at BitGo.  The companies said the sale will allow the company to focus its resources on power generation, Bitcoin mining and high-performance computing data centers. According to the announcement, NYDIGs development pipeline exceeds 3 gigawatts, including more than 1 GW of capacity it expects to deliver in 2027 and 2028.  Cointelegraph reached out to

08-28انڈسٹری

Bank of England set for new innovation mandate covering stablecoins

The UK is moving to put stablecoins at the center of a new Bank of England mandate aimed at supporting innovation in digital payments.  The government plans to give the Bank of England, the UKs central bank, a secondary objective to support innovation in payment systems and emerging forms of digital money, HM Treasury announced on Thursday.  The mandate will cover payment systems that use digital settlement assets such as stablecoins, while financial stability will remain the BoEs primary objective.  The proposal comes as the UK steps up its work on stablecoins through regulatory changes, payment experiments and closer coordination with the US.  BoE innovation mandate faces September debate  The new responsibility would extend an existing approach used to regulate central counterparties (CCPs) and central securities depositories (CSDs), which help clear, hold and settle financial assets.  Under the proposed change, the central bank would report annually to Parliament on its progress toward the payments innovation objective.  “Developments in digital payments technology, including tokenisation and DLT [distributed ledger technology], have the potential to transform financial markets across the globe,” City Minister Lucy Rigby said.  The government expects to implement the objective through amendments to the Financial Services and Markets Bill, which is scheduled for further debate in the House

08-28انڈسٹری

Bitcoins 23% rally sends beaten-down miners soaring past AI stocks

Bitcoin‘s August rally has revived some of the mining sector’s most beaten-down stocks, reversing a trend that has favored miners pivoting toward artificial intelligence and high-performance computing and suggesting investors may once again be rewarding direct exposure to Bitcoin.  In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that Bitcoins (BTC) roughly 23% rally over the past week outpaced most AI-linked infrastructure stocks.  Three beaten-down Bitcoin mining companies — Canaan, American Bitcoin and Cango — gained between 41% and 67%. By comparison, CoreWeave rose about 21%, Nebius gained 17% and IREN advanced 15%, while some miners with heavier exposure to AI and HPC were flat or declined.  Blocksbridge pointed to three catalysts behind Bitcoin‘s rally. The first was the US Treasury Department’s Aug. 19 announcement that it would at least double the size of its liquidity-support buybacks for longer-dated Treasury securities.  The second was renewed regulatory optimism following a White House meeting with crypto executives, where US President Donald Trump urged Congress to pass a “fair version” of the CLARITY Act, a stalled crypto market structure bill.  The third was a sharp short squeeze following Bitcoins breakout, with more than $1.6 billion in crypto positions liquidated over 24 hours.  Bitcoin mining-focused stocks outperformed companies that pivoted

08-28انڈسٹری

Why Imax hasn't lured a buyer despite its box office boom

Moviegoers watch the film “Ne Zha 2” at an Imax GT Cinema on in Guiyang, China, Feb. 23, 2025.  China News Service | China News Service | Getty Images  In December, Imax CEO Rich Gelfond opened the door to a sale. Almost nine months later, the companys stock has hit an all-time high, its box office is breaking records and the stage is set to carry its momentum through the end of 2026.  Yet, no major suitors have appeared.  Imax held preliminary talks with potential buyers earlier this year, but as of May hadn‘t fielded any official pitches, CNBC reported at the time. Imax hasn’t hired new bankers and doesnt have a formalized pitch book, a source familiar with the company told CNBC.  But its a busy time for dealmaking in the media space. Paramount Skydance is in the midst of a contested merger with Warner Bros. Discovery worth $110 billion, Fox agreed to acquire Roku in a deal worth $22 billion, and Comcast continues its corporate restructuring with the upcoming spinoff of NBCUniversal, which many in the industry say will give both resulting companies more flexibility to do deals.  With a nearly $3 billion market cap, Imax is a relatively inexpensive asset in the entertainment

08-28انڈسٹری

Gold Mining Stocks Are Up 43% in August — Their Strongest Month on Record

Gold mining stocks are on track to deliver their strongest month on record in August, outpacing the best month semiconductor stocks posted in April.  The MSCI Inc. global gold miners index gained 43% this month. Bitcoin (BTC) rose roughly 26% over the same stretch, tying both assets to a single macro trade.  Treasury Buyback Plan Revived the Debasement Trade  The rally accelerated after the US Treasury said it would double its buyback cap for longer-dated debt to at least $4 billion and push borrowing costs lower.  This move revived the debasement trade. The “debasement trade” refers to moving out of fiat currencies, particularly the dollar, and into scarce assets such as gold, silver, and Bitcoin.  It is based on the idea that persistent fiscal deficits, rising debt, and accommodative monetary policy can erode a currencys purchasing power over time.  Discover more  Comparing High-Yield Savings Accounts  NEWS  Choosing An Online Brokerage Platform  Gold miners have emerged as one of the clearest beneficiaries of that shift in investor positioning this month. Semiconductors have had a strong 2026, yet nothing close to this.  The MSCI world semiconductor gauge peaked in April with a 27% monthly gain, while the Philadelphia semiconductor index rose 38% that month.  Nonetheless, technology stocks have since faced pressure from higher global

08-28انڈسٹری

Bitcoin Rally Faces a Massive $6.36B Options Expiry Test Today

The expiry has a 0.85 put/call ratio, meaning that calls are slightly ahead of puts across outstanding contracts.  Bitcoin (BTC) is hovering near $80,000 with a $6.36 billion Deribit options expiry due today.  With roughly 81,000 contracts set to expire and max pain at $69,000, the setup could leave the OG cryptocurrency vulnerable to large moves as traders close, roll or hedge positions.  Bitcoin Options Expiration Puts $6.36B at the Center of Fridays Trading  That expiry carries a 0.85 put/call ratio, meaning there are slightly more call contracts than puts. Calls become more prominent from about $66,000, with sizeable positions around $70,000, $72,000, $74,000 to $75,500, and $78,500 to $80,500.  Max-pain at the $69,000 level is the price at which the combined payout to option holders would theoretically be lowest. It does not mean Bitcoin will fall there, and dealer hedging can sometimes create a temporary pull toward that level as expiry approaches, although it is more a reference point than a firm magnet.  This settlement arrives after Bitcoin added more than $16,000 in less than a week, moving from a break above $65,000 to more than $81,000 before pulling back. CoinGecko data at the time of writing put Bitcoin about $300 below the $80,000 level,

08-28انڈسٹری

VET Altcoin Price Potential Signals Major Bullish Breakout

VET is trading near $0.0068 today, but that number tells only half the story. The token that once soared to nearly $0.28 during the last bull run remains roughly 97% below its all-time high, even as fresh technical signals are fueling talk of a dramatic long-term turnaround. Assessing VETs altcoin price potential right now means weighing a brutal multi-year correction against chart patterns that some analysts say point toward a major structural pivot.  Key takeawaysVET trades around $0.0068, up over 5% in 24 hours, more than 31% over seven days, and about 53% over the past month, according to CoinMarketCap data.The token remains roughly 97% below its previous all-time highof $0.2798, despite a sharp two-week rally of over 70%.Analysts point to a macro accumulation zoneand a strong reaction from a high time frame bullish order block as signs of a possible inflection point.A sustained close above $0.00813is being flagged as the level that would confirm a major bullish breakout.Price projections range from a speculative 3,800% upsidescenario to a more grounded 5x–11x forecast over the coming months.  VETs Current Market Performance and Price Trends  VET is showing short-term strength while still sitting deep in negative territory compared to its cycle peak, a combination that

08-28انڈسٹری

AAVE crypto traders should watch out for THIS key support floor!

Aave [AAVE] has decisively cleared the $130-supply zone that has been in place since February 2026. The rally from Wednesday, 19th August, took the DeFi tokens price from $87.54 to a peak of $145.09. This hinted at remarkable 65.7% move in under five days.  Bitcoin [BTC] and the wider crypto market‘s momentum helped bolster Aave’s market sentiment. At the same time, news that Aave V4 deposits crossed $500 million on 19th August and crossed $800 million at press time also reflected market confidence.  Active loans crossed $216 million too. Together, these allude to sizeable capital migration to the new architecture and real borrowing demand, a positive sign for Aave and DeFi liquidity.  A minor price pullback on the charts  Bitcoin‘s price momentum has slowed down in recent days. The $80K-$82K resistance zone has been tough to crack. At the same time, AAVE’s price slipped from its $145 local high to $124 at press time.  Source: AAVE/USDT on TradingView  The swing structure was bullish following the move above $118.87 (green). Additionally, the $120-$130 area has been a supply zone since February. It appears to have been flipped to support.  The OBV was trending higher since July to showcase steady buying pressure, and the RSIs reading of 66 reflected

08-28انڈسٹری

Gold awaits Jackson Hole: All eyes on Fed policy signals

Gold stabilised around 4,600 USD per ounce on Friday, poised to close the week largely unchanged. Investors are awaiting Fed Chair Kevin Warshs speech at the annual Jackson Hole Economic Symposium, hoping for fresh guidance on the path of interest rates.  Markets currently price in about a 65% chance that the Federal Reserve will hold rates unchanged in September. At the same time, higher-than-expected US inflation has reinforced expectations of a rate hike before year-end, with the probability of such a move by December remaining above 70%.  Discover more  FINANCE  Merchant Services & Payment Systems  Distributed & Cloud Computing  Gold continues to find support from the so-called debasement trade – demand for assets that can protect against currency depreciation and rising debt burdens. The US Treasury‘s expanded bond buyback program has intensified concerns over the country’s debt sustainability and put further pressure on the dollar.  The geopolitical backdrop also remains mixed. Oil prices remain elevated amid renewed geopolitical tensions involving Russia, despite signs of diplomatic progress in the Middle East.  Technical analysis  On the H4 XAU/USD chart, the market has formed a consolidation range around the 4,605 USD level. A move lower towards 4,511 USD is expected today, followed by a rebound to 4,605 USD and then a further

08-28انڈسٹری

Warshs Jackson Hole Speech Could Shake Markets, Fed Rate Hike Odds Climb

Federal Reserve Chair Kevin Warsh faces one of the biggest tests of his young tenure on Friday as investors await his first Jackson Hole keynote for clues on whether stubborn inflation could force the Fed to raise interest rates again.  Warsh is scheduled to speak at 10 a.m. EDT, or 1400 GMT, at the Federal Reserve Bank of Kansas Citys annual economic policy symposium in Jackson Hole, Wyoming. The appearance comes roughly three months after he became Fed chair and at a time when markets are questioning how the central bank intends to bring inflation back to its 2% target.  Fed Rate Hike Bets Build Ahead of Jackson Hole  The Fed has kept its benchmark rate at 3.50%-3.75% since December, but July inflation data strengthened the argument for further tightening. Headline PCE inflation stayed at 3.7% year over year in July, while core PCE held at 3.3%, leaving both measures well above the Feds target.  Markets currently price in roughly a 35% probability of a rate increase at the Feds Sept. 16 meeting, while a hike is fully priced by December. Several policymakers have also become more vocal.  Kansas City Fed President Jeffrey Schmid questioned whether current rates are restrictive enough and Cleveland Fed President

08-28انڈسٹری
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