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Dutch market maker IMC Trading has hired Alex Casimo as chief commercial officer of its cryptocurrency business, according to a person with direct knowledge of the matter.Casimo started in his new role this week and is based in London, the person said, who spoke on condition of anonymity as the matter is private.The hire reflects IMC’s ambition to build deeper, more strategic relationships with institutional counterparties and foundations across the crypto ecosystem, with a view to become one of the leading client-facing firms in the industry, the person added.Both IMC and Casimo declined to comment.Previously, Casimo was founder and COO…

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As the global digital asset industry gradually moves toward compliance and institutionalization, the design philosophy of platform tokens is undergoing a profound transformation. From early models driven primarily by trading activity, the focus has evolved into a more systematic framework centered on ecosystem development, value circulation, and long-term sustainability. As a new-generation intelligent digital finance platform, Fiybit is leveraging its native platform token, FYB (Fiybit Token), to build a digital asset ecosystem that integrates security, structural integrity, and long-term sustainability.     FYB has a total supply of 1 billion tokens, adopting a fixed supply model with no additional issuance.…

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Bitcoin’s hash rate is tumbling as the Middle East conflict drives up energy prices, adding pressure to the mining sector and broader market.The drop in hash rate is likely tied to geopolitical tensions due to the war against Iran and surge in oil prices, given that an estimated 8% to 10% of global bitcoin mining operates in energy markets sensitive to energy costs.With hash rate down roughly 8% over the past week to 920 EH/s, the network may be entering another phase of miner capitulation. Historically, such periods have coincided with downside pressure on bitcoin’s price, which is currently trading…

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As Singapore accelerates its national AI strategy — including plans announced by Prime Minister Lawrence Wong to establish a National AI Council and expand the country’s AI ecosystem — a new generation of AI companies is emerging alongside that push. One of them is Agnes AI, a Singapore-based model company powering multiple AI applications, which has just surpassed tens of millions of dollars in annual recurring revenue (ARR). The company is also working toward a potential Singapore Exchange (SGX) listing by the end of 2026 as it continues expanding its global AI platform. The milestone reflects both the company’s rapid growth…

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Bitcoin BTC$73,645.49 consolidated Tuesday after hitting $76,000, the highest level since Feb. 4, in early trading. The largest cryptocurrency fell back to just below $73,500, down 1.5% since midnight UTC.It’s not the only cryptocurrency to have cooled. Ether (ETH) lost 1.5%, solana (SOL) dropped by 2.5% and SUI$1.0235 4.5%.Nasdaq 100 and S&P 500 futures, in contrast, rose by 0.6% despite oil trading above $100 per barrel and the war in Iran continuing to rage.Despite the decline in crypto markets, the average relative strength index (RSI) remains firmly in “overbought” territory, suggesting further drops toward $72,000 may be on the cards.However,…

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