Author: Kryptonews

Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto investment announcement. The move aligns with accelerating institutional adoption of digital assets According to a press release dated September 12, Nasdaq-listed Allied Gaming & Entertainment has made an initial allocation of its corporate treasury into Bitcoin (BTC) and Ethereum (ETH). The experiential entertainment firm, known…

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income.DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%.The comparison positions the DeFi platform ahead of one of the world’s largest stock exchanges in net income, despite operating with just 11 team members.Additionally, data from ASXN shows Nasdaq employed 9,162 people in 2024, producing a net income per employee ratio of $123,335.52.Hyperliquid’s 11-person team generates approximately $113 million per employee, establishing the highest net income-to-employee ratio…

In the age of Web3 mixed with AI, the idea of an “AI agent”, a virtual being that can act and talk on its own, is turning into a hot trend. Holoworld AI is one of the first platforms trying to merge AI with blockchain. Its goal is to bring virtual characters (AI agents) to life, giving them personalities and the ability to interact in many ways, and letting people truly own them through decentralized tech.What is Holoworld AI?Holoworld AI, built by Hologram Labs, is both a marketplace and a social platform. It runs on the Web3 + AI idea.…

Tether, the company behind the world’s most widely used stablecoin, has announced plans to launch USA₮, a U.S.-regulated, dollar-backed token to strengthen the role of the U.S. dollar in digital markets.Alongside the unveiling, Tether named Bo Hines, the former Executive Director of the White House Crypto Council, as the incoming CEO of Tether USA₮. Tether Unveils USA₮, its Planned U.S.-Regulated Dollar-Backed Stablecoin, and Will Appoint Bo Hines as CEO of Tether USA₮Follow @USAT_io https://t.co/w0JxBvttwv— Tether (@Tether_to) September 12, 2025 The move shows what Tether calls the “next chapter” in its strategy, combining compliance, transparency, and American leadership. USA₮ will be…

Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price.The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares, raising $425 million.Gemini posted a net loss of $283 million in the first half of the year. That follows a $159 million loss for all of 2024, according to the company’s latest financials. Despite the deepening red ink, Gemini priced its IPO nicely above the initially…

Anticipation of the altcoin season has driven up the price of Ethereum (ETH), creating a wave of optimism surrounding the protocol’s native token. This marks a significant turnaround for the second-largest cryptocurrency after months of stagnation.  Factors Behind ETH’s Surge A recent report from crypto bank Sygnum reveals that ETH’s price has surged dramatically, reaching all-time highs in August and outpacing Bitcoin in relative performance.  According to the bank, several factors have contributed to this renewed bullish sentiment. Notably, the Pectra upgrade has addressed critical technical issues within the Ethereum ecosystem, enhancing its infrastructure.  The upgrade has expanded the staking…

Altcoin markets are stealing the spotlight, with the price of Ethereum (ETH) nearly doubling in the last three months and most of the top 50 digital assets outperforming Bitcoin (BTC). However, analysts warn that this rotation may be reaching a temporary cooling point, even as the broader crypto market cap pushes above $4 trillion. Ethereum Leads, Altcoins Challenge Bitcoin’s Grip Market technician Daan Crypto Trades said on X that an alt season is in progress, defining it by a sustained period where alternative cryptocurrencies outpace BTC. “If we define it by alts outperforming BTC over a period of 3+ months?…

WisdomTree has unveiled a tokenized investment vehicle to bring private credit directly onto blockchain rails.The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) launched Sept. 12 on Ethereum and Stellar blockchains. It will be available to investors through the company’s Prime and Connect platforms.WisdomTree’s CRDTAccording to the statement, the fund’s performance mirrors the Gapstow Private Credit and Alternative Income Index (GLACI). Subscriptions settle instantly (T+0), redemptions finalize in two days (T+2), and the minimum investment threshold is set at $25.Will Peck, Head of Digital Assets at WisdomTree, said:“CRDT unlocks access to one of the most coveted asset classes –…

The crypto market is at a turning point. The XRP (XRP) price forecast shows bulls working hard to defend $2.74, keeping alive hopes for a rally that could push toward $5. Tron (TRX), meanwhile, is under pressure at $0.32, a level that has become the make-or-break line for its next move.BlockDAG is telling a very different story. With $405M already raised toward a $600M roadmap, a presale price of just $0.0013 in Batch 30, and over 3 million app miners active, it is behaving like a live network before even listing. For those seeking the leading long-term crypto investments, the…

Key Takeaways Polymarket is seeking funding that would increase its valuation to $3 billion, triple its previous level. The platform gained significant traction during the 2024 US presidential election, driving up trading volume and user activity. Share this article Polymarket is seeking to raise funding in a round that would triple the prediction market platform’s valuation to $3 billion, according to sources cited by Business Insider.The crypto-based betting platform, which gained prominence during the 2024 US presidential election, is looking to capitalize on its recent surge in trading volume and user activity. The company’s current valuation would need to increase…