TONcoin is now central to Verb Technology’s future, as the company announced a $558 million private investment deal and a major strategic shift into cryptocurrency, sending its stock soaring more than 200% on Monday. The company, best known for its social commerce platform, revealed plans to rebrand as TON Strategy Co., positioning itself as the first publicly traded treasury reserve vehicle for Toncoin (TON), the native token of Telegram’s blockchain network. The funding round included around 58.7 million shares and pre-funded warrants priced at $9.51. Investor excitement over the crypto-focused move pushed Verb’s stock to a peak of $29.33 before…

Billionaire investor Ray Dalio has officially ended his involvement with Bridgewater Associates, the hedge fund he founded nearly 50 years ago. According to The Wall Street Journal, Dalio has sold his final stake in the firm and stepped down from its board. Following the buyout of Dalio’s shares, Bridgewater reportedly issued new shares in a multibillion-dollar deal with Brunei’s sovereign wealth fund, granting it nearly a 20% ownership stake in the company. Ray Dalio has warned that something “worse than a recession” may be on the horizon. His recent sale of Bridgewater shares closes the final chapter of a journey…

Another weekly crypto recap, Missed some news or unsure about the most important stories from the past week? Don’t worry, we’ve got you covered: Another UAE Bank Joins Crypto Revolution! A second major UAE bank is embracing crypto services, showing the country’s growing support for blockchain and digital assets. Binance Founder CZ Climbs Billionaire Ranks With BNB ATH. Binance’s BNB token hit an all-time high, pushing founder Changpeng Zhao higher on the global billionaire list despite his legal troubles. Malware Campaign: Cybersecurity Experts Say 10M Targeted. Experts warn that a massive malware campaign has already targeted 10 million devices worldwide,…

The crypto market has seen a sharp drop in the last 24 hours. It has fallen over 3% from 3.90 trillion it now sits at $3.74 trillion. While the SEC has been changing its ways to embrace crypto, it seems that Fed’s relentless approach towards keeping interest rates unchanged is hurting markets more than ever.  The US tariffs and economic and job data reports have trickled down both crypto and equity markets. Historically, any macroeconomic uncertainty, especially related to trade tensions, can trigger a sell-off in riskier assets like cryptocurrencies. If the current bearish trend persists, the total crypto market…