Ray Dalio recommends some allocation to bitcoin & gold. Biotech 180 Life Sciences bets on ethereum. Cash App launches peer to peer pay, and Mill City Ventures announces Sui treasury. Jane King with the latest from the NYSE.
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Thanks Roy.
Here's a look at your Coin Street headlines.
Hedge fund manager Ray Dalio says putting some money into Bitcoin and gold is a good idea.
On the Master Investor podcast, he says Bitcoin or gold will optimize for the best return to risk ratio in light of America's crippling debt problem and currency devaluation.
Dalio says he has some Bitcoin, but not much and still strong.
Pres gold to Bitcoin.
Well, biotech firm 180 Life Sciences is pivoting to crypto with Ethereum, Bet, and the Nasdaq listed biotech company is raising $425 million for its strategy, joining a parade of penny stocks, investing in cryptocurrencies as their businesses flounder.
Now the company's stock has plunged 99%.
Block-owned payments platform Cash App launched a new.
To peer platform called pools, pools that users take group payments via Cash App, Apple Pay, or Google Pay.
PayPal's Venmo continues to gain ground, reporting more than 20% year over year revenue growth in the second quarter, driven by higher debit card use, instant transfers, and online check out integrations.
Well, Mill City Ventures has become the first public company to invest in a sui treasury after.
A $450 million raise betting on blockchain's AI and DI capabilities.
Nasdaq listed Mill City earmarked $444 million toward the SUI Treasury.
Now the firm plans to use 98% of the proceeds to acquire the tokens, the native cryptocurrency of the layer1UI blockchain, as its primary treasury asset, and that is the latest Coin Street headlines.