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Lava, a leading bitcoin fintech company backed by Peter Thiel’s Founders Fund and Khosla Ventures, today announced an angel investment from Alex Crognale, the first professional soccer player in the United States League (USL) to receive a portion of his salary in bitcoin. The investment aligns with the launch of Lava’s innovative “Get Paid in Bitcoin” feature, which enables users to seamlessly convert their paychecks into bitcoin with “zero fees”, according to a press release shared with Bitcoin Magazine. Crognale, a defender for San Antonio FC, gained attention in 2021 when he opted to receive part of his salary in…

In brief Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million. The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday. Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement. BNB extended its recent surge early Tuesday, with the Binance-backed token setting a fresh all-time high mark and flipping Tether to become the third-largest cryptocurrency by market cap. Following the latest leg up, a publicly traded company revealed that it now holds more than $600…

KindlyMD, Inc. (NASDAQ: NAKA), a provider of integrated healthcare services and a Bitcoin treasury vehicle through its subsidiary Nakamoto Holdings, is partnering with Antalpha (NASDAQ: ANTA).  Antalpha is a fintech firm specializing in financing, technology, and risk management solutions for the digital asset industry.  A key component of the partnership is a non-binding letter of intent under which Nakamoto plans to issue $250 million in five-year secured convertible notes to Antalpha.  The convertible notes are intended to provide long-term financing with lower dilution risk for stockholders compared to standard convertible debt.  The proceeds will also be used to expand Bitcoin…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4380.87, down 1.1% (-49.75) since 4 p.m. ET on Monday.One of 20 assets is trading higher.Leaders: ETH (+0.2%) and BTC (-0.7%).Laggards: UNI (-3.3%) and AAVE (-3.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

XRP is catching retail skepticism again in a gauge that has historically proven profitable for contrarian bets.Data from Santiment shows the token’s bullish-to-bearish commentary ratio slipped under 1.0 twice in the past three days — October 4th (0.74) and October 6th (0.86) — levels that historically line up with fear-driven selling pressure.😮 XRP is seeing it’s highest level of retail FUD since Trump’s tariffs were announced 6 months ago. There have been more bearish comments than bullish for 2 of the past 3 days, which is generally a promising buy signal. Markets move opposite to small trader expectations. pic.twitter.com/flO7jjlo9m— Santiment…

Galaxy Digital predicts that tokenized assets could grow by more than 5,600% in five years, driven by strong institutional interest.Mike Novogratz’s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets.In a recent research report, “The Investable Universe 2.0,” the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation, and as much as $3.8 trillion if adoption accelerates.Source: Galaxy, Bain, McKinsey, and BCGIn the report, Galaxy Digital explained that the valuation growth can be attributed to strong institutional…

Investment bank KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, describing the crypto exchange as a well-rounded digital asset platform poised for long-term growth.Nevertheless, wrote analyst Bill Papanastasiou, Gemini for now remains unprofitable and discounted valuation to competitor Coinbase is warranted “as the impact fromexecution and market risk is elevated.”KBW said Gemini’s ecosystem, spanning trading, custody, credit cards, staking, stablecoins, and tokenized equities, offers cross-selling potential as the crypto market expands.The bank highlighted Gemini’s credit card business as a key growth driver, noting that it has more than 100,000 users…

IREN (IREN) shares continued to rally after announcing new multi-year AI cloud service contracts with leading AI companies for NVIDIA Blackwell GPU deployments. The company remains on track to surpass $500 million in annualized run-rate revenue (ARR) by the end of Q1 2026 from 23,000 GPUs in operation or on order.Contracts covering 11,000 GPUs have already been signed, representing around $225 million in ARR expected to come online by the end of 2025. With average two-year contract terms and revenue payback periods, IREN is scaling across its British Columbia campuses and Horizon 1 and 2 data centers in Texas, which…

S&P Dow Jones Indices, a division of S&P Global, plans to launch a new hybrid index that blends traditional equity markets with digital assets, offering a fresh option for investors looking to navigate the fast-changing crypto sector, the company announced Tuesday.The S&P Digital Markets 50 Index will track 35 publicly traded companies involved in crypto infrastructure, blockchain applications and financial services, alongside 15 cryptocurrencies drawn from S&P’s existing Broad Digital Market Index. The result is a cross-asset benchmark that captures the performance of both the firms building the digital asset ecosystem and the tokens driving it.Dinari, a platform that tokenizes…

Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson.“There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin finishes below $136k,” he added. Bitcoin (BTC) would need to gain about 14.7% to reach $140,000 at its current price of $122,032, which has cooled after the original cryptocurrency set a new all-time high of $126,200 on Monday, according to CoinMarketCap.Peterson said the simulation shows “half of Bitcoin’s October gains may have already…