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The ultra wealthy feel like they've missed out on Crypto riches and Binance thinks it has a solution
Yahoo Finance· 2026-01-07 16:04
Core Insights - The ultra-rich are eager to invest significantly in cryptocurrency, but traditional banks are not providing adequate support beyond a few ETFs [1][2] - Binance has launched Binance Prestige to cater to high-net-worth individuals (HNWIs) seeking comprehensive crypto investment solutions [1][5] Group 1: Demand for Crypto Investment - There is a growing trend among ultra-rich family offices to invest more in cryptocurrency, facing challenges in finding proper support from traditional wealth managers [3] - A survey by Avaloq indicates that 63% of ultra-rich investors in the UAE have switched or are considering switching wealth managers due to the demand for digital assets [3] Group 2: Traditional Wealth Management Challenges - Private banks often claim there is no significant demand for crypto beyond ETFs, highlighting a disconnect between wealthy clients and the offerings of traditional wealth managers [2] - The traditional wealth sector is under pressure to adapt and provide digital asset solutions to meet the needs of wealthy clients [3] Group 3: Evolution of Crypto Investment Preferences - Initially, many family offices treated crypto investments similarly to venture capital, with only a small subset investing in spot crypto [4] - As awareness of cryptocurrency as an asset class has grown, more family offices are questioning whether they should have invested in crypto earlier, indicating that ETFs may not suffice for their needs [5] Group 4: Binance Prestige Offering - Binance Prestige aims to provide a white-glove service for ultra-rich clients, offering personalized guidance through the onboarding process and facilitating their first crypto purchases [6] - The service will tailor crypto purchases based on clients' backgrounds, investment profiles, and risk appetites, ensuring a customized approach to crypto investment [6]
Bit Digital expands Ethereum holdings, staking rewards in December
Proactiveinvestors NA· 2026-01-07 14:47
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Coinbase stock price forms risky patterns as headwinds rise
Invezz· 2026-01-07 14:19
Coinbase stock price has sunk into a technical bear market in the past few months as sentiment in the crypto industry waned. It was trading at $250 on Tuesday, down sharply from the July high of $444. ...
Rumble introduces crypto wallet with Tether, allowing tips in BTC, USDT, XAUT
Yahoo Finance· 2026-01-07 14:12
Core Insights - Rumble has launched its Rumble Wallet, allowing users to tip content creators using cryptocurrencies like bitcoin, tether, and tether gold without traditional payment systems [1][2] - The wallet is non-custodial, meaning users retain control of their funds, and is built using Tether's Wallet Development Kit, marking its first live deployment [2] - Rumble positions itself as a free speech alternative to YouTube, appealing to creators seeking independence from advertising and platform moderation [4] Company Developments - The Rumble Wallet is integrated into the Rumble app, providing creators with an additional income stream beyond advertising revenue or subscriptions [3] - Payments for the wallet will be processed by MoonPay, enhancing the user experience [3] - Rumble's stock (RUM) saw a 3% increase in premarket trading, although it remains 50% lower compared to the previous year [5] Industry Context - Tether's CEO emphasized the wallet as a move towards decentralized tools for internet users, allowing millions to support content creators directly [4] - The partnership with Tether, which has made significant investments in Rumble, underscores the growing intersection of cryptocurrency and content creation platforms [4]
RAIN Price Rallies 13% on KuCoin Buzz — But Momentum Now Risks Drying Up
Yahoo Finance· 2026-01-07 14:00
Photo by BeInCrypto The Rain Protocol (RAIN) price surged after its KuCoin listing, briefly breaking out of a major reversal pattern. The token is up about 13% over the past seven days, 8% since yesterday, and more than 200% over the last three months. But while the breakout itself was real, on-chain activity and momentum data now suggest the move may struggle to restart soon. What followed the listing looks less like sustained demand and more like a short-lived momentum burst. KuCoin Listing Sparked th ...
Exclusive: Fireblocks acquires crypto accounting platform TRES Finance for $130 million
Yahoo Finance· 2026-01-07 14:00
The blockchain infrastructure company Fireblocks has struck a deal to buy the crypto accounting platform TRES Finance, company executives told Fortune. The purchase came in the form of cash and equity worth $130 million, according to a source familiar with the negotiations, who asked for anonymity to talk about private business dealings. The purchase is the second in three months for Fireblocks, whose core business focuses on helping companies hold and transfer digital assets. In October, Fireblocks, whi ...
Ripple again rules out IPO, saying balance sheet gives it room to stay private
Yahoo Finance· 2026-01-07 13:31
Ripple has no plans to pursue an initial public offering, President Monica Long said, reiterating that the company prefers to stay private as it expands through acquisitions and product development. “Currently, we still plan to remain private,” Long said in a Tuesday interview with Bloomberg, arguing Ripple does not need the liquidity or capital access that typically drives IPO decisions. She said the company is well-positioned to fund growth internally without relying on public markets. The comments fol ...
DeFi Development Corp. Releases 2025 Year in Review Highlighting Breakout Growth and Solana Treasury Leadership
Globenewswire· 2026-01-07 13:30
Core Insights - DeFi Development Corp. has successfully established itself as a leading public company focused on accumulating and compounding Solana (SOL) assets, marking its first year of operation as a public treasury vehicle [1][2] Financial Performance - In nine months, DeFi Development Corp. raised approximately $378 million and surpassed 2 million SOL in treasury holdings [3] - The company ended 2025 as the top-performing crypto stock, achieving an impressive return of +853%, and ranked as the third-best-performing stock on Nasdaq [4] Strategic Developments - The company launched its own validator business and introduced innovative financial products, including a liquid staking token (dfdvSOL) and tokenized equity (DFDVx) [3] - DeFi Development Corp. led capital markets innovation in the Digital Asset Treasury sector with a $5 billion Equity Line of Credit (ELOC) and public warrants [3] Market Expansion and Community Engagement - The year in review highlighted the company's expansion into global markets and the launch of community and ecosystem validators in partnership with organizations like BONK and WIF [5] - The company participated in a Nasdaq Closing Bell ceremony with the Solana Foundation, showcasing its commitment to the Solana ecosystem [5] Future Guidance - DeFi Development Corp. introduced forward-looking guidance targeting 1.0 SOL Per Share (SPS) by December 2028, indicating its strategic vision for growth [5]
Semler Scientific, Strive Merger Vote on Jan. 13 – 5th Largest Public DAT in Making?
Yahoo Finance· 2026-01-07 13:03
Stirve Semler — Source: CoinGape Stive:- In a major update for the awaited Bitcoin treasury, a planned shareholder vote on Jan. 13 will determine whether Semler Scientific and Strive move forward with a merger. If approved, would fold Semler’s assets into Strive’s bitcoin-first business and leave the combined entity holding roughly 13,000 BTC. This is a hoard that could place the firm among the largest public companies to adopt Bitcoin as a strategic reserve. Strive Semler DAT Merger The transaction wa ...
India’s Appetite for Crypto SIPs Is Growing Rapidly: Here’s How Many Indians Invest Monthly
Yahoo Finance· 2026-01-07 12:46
Indians are heavily investing in crypto SIPs. Credit: Getty Images. Key Takeaways India’s crypto SIPs surged over 60% YoY in 2025, with CoinDCX adding 572,000 new plans. Small monthly investments (Rs 100-500) drove accessibility for retail and first-time investors. India leads global crypto adoption with 119 million users in 2025, projected to reach 123 million by the end of 2026. India’s crypto market is experiencing a sharp rise in Systematic Investment Plans (SIPs), as more investors opt for dis ...