Spot gold drops $30 in the short term, while spot silver plunges as much as 4% intraday

Cardone Capital is preparing to tokenize approximately $5 billion worth of real estate assets.

PANews February 27 News, according to CoinDesk, real estate investor Grant Cardone stated that his company, Cardone Capital, is preparing to tokenize approximately $5 billion worth of real estate assets to provide on-chain collateral and secondary market liquidity for investors. The company previously announced that it would use property cash flow to make long-term Bitcoin purchases, and in June this year, it bought 1,000 BTC, planning to continue increasing its holdings.

Morgan Stanley plans to launch Bitcoin custody, trading, yield, and lending services

Morgan Stanley's new Head of Digital Asset Strategy, Amy Oldenburg, stated that banks want clients to custody and trade Bitcoin on their platforms and support providing Bitcoin yield and lending services, considering this to be part of their future strategy.

Wintermute: Correlation between crypto and US retail stocks turns negative; US stock activity may serve as a leading indicator

Wintermute's latest report shows that since the end of 2024, retail funds' correlation between the crypto market and the US stock market has shifted from positive to negative. Retail capital inflows into US stocks have reached record highs, while trading in the crypto market remains cautious, and the market capitalization of altcoins has declined. The report notes that retail trading activity in US stocks is an important indicator for observing the trend of the crypto market.

Grayscale: As AI impacts tech stocks, blockchain may become a long-term beneficiary

Grayscale believes that blockchain and artificial intelligence are complementary rather than competitive. Although recent volatility in tech stocks has put pressure on the crypto market, the characteristics of blockchain make it a vital infrastructure for the AI economy. At the same time, blockchain can help mitigate risks associated with AI, but AI may also pose new challenges to crypto networks.

Circle stock price hits $90, analysts optimistic about diversified growth in stablecoin business

Circle's stock price rose due to better-than-expected Q4 performance, surpassing $90 at its peak. Analysts remain optimistic about its growth potential, believing that Circle is performing well in infrastructure expansion and new product development, and expect revenue diversification to enhance overall profitability.

Block layoffs approximately 40%, Jack Dorsey advances AI-first strategy

Fintech company Block plans to lay off nearly 4,000 employees, reducing the total workforce to less than 6,000. Co-founder Jack Dorsey stated that this move aims to promote a flatter and AI-centric organizational structure. Despite strong financials, the restructuring is a necessary measure to adapt to the AI revolution. Affected employees will receive compensation, and Block's stock price rose over 20% after the layoffs.