Author: GT

Source: TradingView.com MicroStrategy shares jumped more than 10% on Monday, adding to recent gains following the stock’s recent correction. The software firm purchased an additional 6,911 bitcoins between March 17 and March 23, takings its holding to over 500,000 BTC, according to a regulatory filing. After initially finding buying interest at the 200-day moving average in recent weeks, the price closed above the 50-day MA on Monday, potentially setting the stage for a continuation of the stock’s longer-term trend higher. Investors should watch major overhead areas on MicroStrategy’s chart around $383, $543, and $870, while also monitoring key support levels…

Arcade, a generative AI marketplace for designing jewelry, is expanding its offerings to include home goods, starting with rugs. The company on Monday also introduced a new feature called “Match My Room,” which allows users to upload a photo of their room so their design complements the existing colors and style. Alongside this expansion, Arcade announced its $25 million Series A funding round, bringing the total amount raised to $42 million. Similar to Arcade’s jewelry design generator, the rug creation tool leverages Midjourney and Stable Diffusion. Users select the rug material and then enter a text prompt to describe the…

Developer tooling is changing rapidly with AI. So companies that are making it easier to adopt AI in their workflows are seeing a boom of attention. After a startup called n8n (pronounced “enay-ten”) pivoted its workflow automation platform to become more AI-friendly in 2022, it said it saw its revenues increase 5X, doubling in the last two months alone.  Now on the back of that growth, TechCrunch has confirmed that n8n has raised €55 million ($60 million) in funding on a valuation sources close to the company tell us is in the region of €250 million ($270 million).  Berlin-based n8n…

Las Vegas—Financial advisors in the U.S. are committed to crypto exchange-traded funds (ETFs) and are ready to increase their holdings this year. During a presentation at the Exchange conference in Las Vegas, TMX VettaFi head of research Todd Rosenbluth and senior investment strategist Cinthia Murphy presented results of a survey sent to thousands of financial advisors in the U.S., arguing that crypto is “part of everybody’s conversation today.” The results showed that 57% of advisors plan on increasing their allocations into crypto ETFs, while 42% will likely maintain their position. Only 1%, practically no one, wants to decrease their position.…

Founders Future, a Paris-based VC firm with €300 million in assets under management (around $324 million at current exchange rates), is opening up the capital of the holding company that manages Founders Future’s funds and Sowefund. The company has sold a 25% stake in the holding company to MACSF, the Dassault family, CMA CGM Group, and others. Since 2018, Founders Future has had an interesting track record with some early-stage bets in Lydia, Alma, Taster, La Fourche, Riot, Swan, Yuka, and many other startups we’ve covered here at TechCrunch. Overall, the firm has invested in 110 companies across two early-stage…

Illustration: Justin Sullivan (Getty Images) Leading cryptocurrencies gained, with some of the biggest crypto stocks following suit as the broader market rose on Monday after reports that the Trump administration may narrow the scope of its impending April 2 tariffs. Bitcoin was up 2.7% to $88,418.31, Ether was up about 4.2% to $2,088.88, and Ripple’s XRP was up more than 1.1% to $2.47 as of around 11:15 a.m. New York time. “Cryptocurrencies are experiencing a strong day, with Bitcoin showing positive performance,” Nansen analyst Nicolai Søndergaard told Quartz. “Given the correlation between token performance and the valuation of crypto-related companies,…

Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science research and development (R&D) center in Wyoming.  Debtor-in-possession financing is financing for firms in Chapter 11 bankruptcy. Since its 2014 inception, South San Francisco-based Plenty has raised nearly $1 billion in funding from a variety of investors, including SoftBank Investment Advisers, Walmart, Bezos Expeditions, and…

Bitcoin miners are facing growing pressure to diversify as market volatility, hash rate competition, and falling prices squeeze profitability. And for Bitdeer, that means looking beyond Bitcoin entirely. “Bitcoin miners are going to have to evolve over the next few years to stay alive, I believe,” said Jeff LaBerge, Head of Capital Markets and Strategic Initiatives at Bitdeer, during a TheStreet Roundtable interview with Rob Nelson. “That can be done.” LaBerge didn’t mince words when asked about the challenges facing miners in today’s environment. “Bitcoin miners are essentially a leveraged play on Bitcoin,” he said. “We generate Bitcoin… at a…

Last year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources — including investors and current and former employees — told TechCrunch that the company has experienced financial struggles, largely of its own making.  Numerous people in the U.S. and U.K. told TechCrunch that the situation has become so tenuous that 11x’s lead Series B investor, Andreessen Horowitz, may even be considering legal action. However, a spokesperson for Andreessen Horowitz emphatically denied such rumblings, telling TechCrunch that a16z is not suing. 11x offers an AI bot for outbound cold sales duties, including…

(Reuters) -President Donald Trump’s media company Trump Media & Technology Group said on Monday it is partnering with Crypto.com to launch exchange-traded funds and products through its Truth.Fi brand. Shares of the company, which operates social media platform Truth Social, rose 10.5% after the bell on Monday, but have fallen 38% in the last 12 months. The ETFs, which will be available through Crypto.com’s broker-dealer Foris Capital, will include digital assets as well as securities with a “Made in America focus” across various industries, according to a statement. The funds are planned to be launched later this year and will…