Leading digital asset manager Grayscale Investments highlighted on Wednesday Bittensor (CRYPTO: TAO) as the token embodying Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang’s vision of a currency that transforms excess energy into AI models.

Does Bittensor Really Fit The Bill?

Grayscale reacted to Huang’s remarks made at the Bipartisan Policy Center on Sept. 27, 2024, where he discussed the intersection of energy and cryptocurrency.

Huang started by giving the example of Bitcoin (CRYPTO: BTC) mining and how the process takes “excess energy” and stores it into a new form.

He later extended the thesis to include data centers and high-performance computing.

“Transfer that energy, compress…

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Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed concerns on Wednesday over the competitiveness of dollar-pegged stablecoins in light of China’s decision to pay interest on its central bank digital currency.

Armstrong Questions Policymakers

In an X post, Armstrong argued that China’s move to pay interest on its official digital currency, Digital Yuan, gives it a “competitive advantage.”

“Rewards [or even paying interest] benefits ordinary people just like community lending does. We have to let the market do both,” Armstrong said.

The cryptocurrency mogul said the U.S. is “missing the forest through the trees” and risks losing the competitive edge if…

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Tyler Winklevoss, co-founder of Gemini Space Station, Inc. (NASDAQ:GEMI), slammed the state of California and Governor Gavin Newsom on Wednesday for approving a bill that lets authorities take control of unclaimed cryptocurrency.

Winklevoss Targets Newsom

In an X post, Winklevoss alleged that the “failed state” of California wants to “steal” the Bitcoin (CRYPTO: BTC) that people had held for long periods.

The cryptocurrency mogul said that the state administration is trying to feed its “money pit grift machine” with the move.

Notably, Tyler and his twin brother Cameron are primarily based in New York City, where Gemini and their venture capital firm, Winklevoss Capital…

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The official X account tied to meme cryptocurrency Dogecoin (CRYPTO: DOGE) celebrated the rescue of a German Shepherd on Wednesday after a community member was initially stopped from adopting the dog.

Dogecoin Community To The Rescue Of Sherman?

Dogecoin credited community pressure for the release of the dog, named “Sherman.”

“We did it,” the handle wrote. “People power works.”

The controversy began when Doge Van, a well-known member of the DOGE community and dog rescuer, claimed that the Downey Animal Shelter in Los Angeles canceled the adoption, citing a “clerical error” on Sherman’s aggression status.

Doge Van denied that the dog was “aggressive,” adding that the…

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President Donald Trump-backed World Liberty Financial announced Wednesday that it has applied for a U.S. national banking license to issue and custody its dollar-pegged World Liberty Financial USD (USD1) stablecoin.

A Federally-Regulated Stablecoin Bank?

The decentralized finance platform stated that its subsidiary, WLTC Holdings LLC, applied to the Office of the Comptroller of the Currency to establish World Liberty Trust Company, National Association, a banking entity designed for stablecoin operations.

The proposed trust company is designed to serve institutional clients, including cryptocurrency exchanges, market makers and investment firms. Besides issuing and redeeming the $2.8…

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Leading cryptocurrencies fell alongside stocks on Wednesday as investors cashed out following recent rallies.

CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)-1.56%$91,305.82Ethereum (CRYPTO: ETH)               -2.97%$3,170.13XRP (CRYPTO: XRP)                         -5.03%$2.17Solana (CRYPTO: SOL)                         -2.55%$136.82Dogecoin (CRYPTO: DOGE)                         -1.02%$0.1468Bitcoin Falls Below $91,000

Bitcoin slipped below $91,000 in afternoon trading before paring some losses overnight. Trading volume for the apex cryptocurrency plunged 22% over the…

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Dogecoin (CRYPTO: DOGE) surged 30% over four days, while Shiba Inu (CRYPTO: SHIB) rallied 27% in its strongest January performance since 2023, outperforming Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP).

DOGE ETFs Drive Institutional Demand

The Grayscale DOGE Spot ETF (NYSE:GDOG) and Bitwise DOGE Spot ETF (NYSE:BWOW) saw explosive demand in early January after months of flat activity.

Daily net inflows spiked to $1.60 million on January 5 and $2.90 million on January 2, marking the first significant institutional buying since the ETFs launched in late 2025. 

Cumulative total net inflow across DOGE spot ETFs reached $6.24 million as of January 6, with nearly all of…

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