The post AI Crypto Tokens at Risk? Hedge Funds DUMP Tech Stocks at Fastest Pace in a Decade appeared first on Coinpedia Fintech News Wall Street is pulling the plug on technology stocks, and the implication could stretch well beyond just traditional markets. Hedge Funds have aggressively reduced exposure to the US information technology sector, recording net sell-offs in six of the last eight weeks. According to prime brokerage data, this marks the largest eight-week aggregate reduction in tech …

The post Bernstein Predicts 60% Robinhood Rally, Lifts HOOD Target to $160 appeared first on Coinpedia Fintech News Bernstein SocGen Group, a global equity and institutional brokerage firm, has raised its price target on Robinhood (HOOD) stock from $130 to $160. The firm believes Robinhood’s expansion into tokenized stocks and blockchain products could unlock billions in new revenue. Bernstein Sees Robinhood Leading the Next Trading Boom According to Bernstein analyst Gautam Chhugani, Robinhood …

The post Can Stablecoin Market Cap Reach $1 Trillion? What the Data Reveals appeared first on Coinpedia Fintech News Stablecoins have evolved far beyond their original role as settlement assets for cryptocurrency trading. With the total stablecoin market exceeding $310 billion, growing institutional participation, record on-chain payment activity, and regulatory progress in major jurisdictions, several financial institutions now project the market could expand well beyond its current size over the next decade. Forecasts vary …

The post BitMine Crypto Holdings Reach $11.5 Billion, Stakes Over 4.9 Million ETH appeared first on Coinpedia Fintech News BitMine said its crypto, cash, marketable securities, and other investments reached $11.5 billion as of July 19. The company holds 5.78 million ETH, about 4.8% of Ethereum’s supply, with more than 4.9 million ETH staked through its staking operations. BitMine also repurchased 5.5 million shares under its buyback program and added 7,430 ETH during the …

The post Strategy Sells $263.5 Million in MSTR Shares appeared first on Coinpedia Fintech News Strategy sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13 and July 19. The company did not purchase any bitcoin during the week, leaving its holdings unchanged at 843,775 BTC, acquired at an average price of $75,476 per coin. Its U.S. dollar reserve increased to $3.225 billion. Investors will watch …

The post BitMine Adds 7,430 ETH, Total Holdings Reach 5.78 Million ETH appeared first on Coinpedia Fintech News BitMine acquired 7,430 ETH over the past week, increasing its total holdings to 5,777,468 ETH, or about 4.8% of Ethereum’s total supply. The company has staked 4.92 million ETH, equal to roughly 85% of its holdings, and repurchased 5.5 million shares at an average price of $15.62. Total crypto, cash, and other investments reached $11.5 …

The post Ethereum Price Prediction: Can ETH Reclaim $2,000 in July as Whales Accumulate? appeared first on Coinpedia Fintech News Ethereum price is stuck within a range, as volatility drops significantly, preventing the second-largest token from breaking above $1900. Although the rally remains incremental, the crypto is unable to secure the range, raising concerns over the next price action. The price is trading near $1,882, holding steady after recent gains. In the meantime, the on-chain …

The post How Bitania Is Supporting the Rise of Privacy-Focused Crypto Trading  appeared first on Coinpedia Fintech News A fundamental tension is reshaping the cryptocurrency landscape. On one side, regulators worldwide are pushing for stricter Know Your Customer requirements, data collection, and surveillance of digital asset transactions. On the other hand, a growing segment of users is demanding financial privacy and autonomy. These values represent the core of the original vision of crypto. …

The post Former New York Governor Andrew Cuomo Joins OKX Board appeared first on Coinpedia Fintech News OKX has appointed former New York Governor Andrew Cuomo to its board of directors. Cuomo has advised the crypto exchange on U.S. regulatory and institutional strategy since 2023 and will also serve as co-chair of the joint venture between OKX and NYSE parent ICE. The appointment supports OKX’s U.S. expansion and could strengthen its regulatory …

The post Strategy CEO Breaks Silence After $216M Bitcoin Sale: ‘We’re Not Going Anywhere’ appeared first on Coinpedia Fintech News World’s largest corporate Bitcoin holder Strategy has no plans to slow down its Bitcoin buying. After surprising the market with a $216 million BTC sale, CEO Phong Le says the company is “not going anywhere.”  While Michael Saylor’s latest post has sparked speculation that another massive Bitcoin buying could be announced today. Strategy CEO Says …