Embrace AI or get left behind: Job cuts sweep through crypto firms

Bitcoin is down about one-third since hitting a peak in October

Traders have pushed the implied valuation of Anthropic alone to US$1.6 trillion across Ventuals and PreStocks, double what investors assigned the company in its most recent funding round.

AI’s hottest private companies have booming crypto shadow market

The result is a new frontier in the financialisation of private markets

Bitcoin climbed as much as 1.9% on Monday (May 4) morning in Singapore to US$80,393, its highest level since Jan 31.

Bitcoin tops US$80,000 for three-month high as stocks rise

Optimism over a US stablecoin deal and potential Senate crypto legislation has lifted traders’ spirits

Robinhood is expanding internationally as it seeks to become a financial “super app", used by customers for all of their finance needs, from banking and investing to retirement.

Robinhood gets Singapore regulators’ nod for brokerage offerings

MAS’ in-principle approval lets the firm tap Asian retail demand for buzzy overseas stocks

Justin Sun has invested a total of US$45 million to buy three billion of World Liberty’s WLFI tokens in 2024 and 2025.

Crypto billionaire sues Trump-linked project alleging extortion

Early investors in the project are still unable to trade 80% of their tokens

World Liberty is soon expected to post a long-awaited proposal to create a schedule to unlock 80% of early investors’ WLFI token holdings.

Trump-linked World Liberty crypto project faces investor revolt

Billionaire backer Justin Sun calls it ‘a trap masquerading as a door’ in a post on X

The Clarity Act aims to create federal rules for digital assets, the culmination of years of crypto industry lobbying.

Scott Bessent urges Congress to pass crypto regulation bill

Crypto companies have long argued that existing rules are inadequate for digital assets

Bitcoin has been relatively resilient in recent weeks, with signs that institutional selling pressure is easing.

Bitcoin jumps to three-week high on US-Iran ceasefire plan

Markets have swung since the war began on concern that a severe disruption to oil flows would stoke inflation and weigh on economic growth

For weeks, Bitcoin has remained stuck roughly between US$65,000 and US$75,000.

Bitcoin ticks up even as Trump’s Iran war threats cloud markets

Oil prices crept up on concerns that an end to the war may not be on the horizon

Nasdaq sought approval from the US Securities and Exchange Commission (SEC) in September to allow stocks to be tokenised and traded on regulated venues like itself.

IMF warns tokenised finance risks amplifying market crises ahead

Banks and companies such as BlackRock and JPMorgan test tokenisation to trade stocks and boost fee revenue