Crypto wealth platform Abra has announced plans to go public through a merger with special purpose acquisition company New Providence Acquisition Corp. III in a deal that values the company at $750 million. The combined company will be renamed Abra Financial Inc. and is expected to be listed on Nasdaq under the symbol ABRX, according […]
Crypto wealth platform Abra to go public via $750 million SPAC deal Read More »
Shares of stablecoin issuer Circle (CRCL) have surged more than 100% over the past month, transforming what many investors once considered one of the most conservative corners of crypto into one of the hottest deals on the market. The rally accelerated on Monday, with the stock climbing another 8% to $124.37, outpacing other crypto-related stocks.
Why This Boring Stablecoin Is Suddenly The Hottest Crypto Trade Read More »
The Ethereum Foundation’s new mandate — an ambitious document released Friday to clarify the organization’s role and principles — has sparked a torrent of reactions, with its supporters hailing it as a long-overdue expression of blockchain ethics and its critics saying it reinforces the foundation’s hands-off approach at a time when Ethereum needs stronger leadership
The Foundation’s new mandate sparks debate on its role and priorities Read More »
Institutional investors may prove to be more resilient Bitcoin holders than expected, according to Bitwise CIO Matt Hougan, who says ETF flow data suggests professional investors largely held on to their positions during the crypto market’s steep decline. “The best evidence we have is in the ETF market,” Hougan said. “Bitcoin ETFs have accumulated approximately
Institutional Investors Hold On Despite Bitcoin Slowdown, Says Bitwise CIO Matt Hougan Read More »
Cryptocurrencies started the week on solid footing with bitcoin BTC$73,363.11 surged above $74,000 and U.S. stocks rebounded as oil prices fell. In US morning trading, BTC hit its highest price since early February at $74,500, up 3.9% in the past 24 hours. The largest cryptocurrency broke out of its six-week range, strengthening sentiment across the
BTC rises 4%, approaching the $75,000 level for the first time in six weeks Read More »
Bitcoin BTC$74,244.92 The recent strength amid geopolitical uncertainty reflects a fundamental shift in the asset’s ownership structure, according to Wall Street broker Bernstein. The cryptocurrency climbed about 7% last week, while ether (ETH) gained about 9%, outperforming gold and global stock indexes as markets reacted to the escalating global conflict. The broker said the performance
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2140.46, up 5.1% (+104.17) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: ETH (+8.8%) and DOT (+8.5%). Lagging behind: UNI (+0.9%) and BCH
Ethereum (ETH) price jumps 8.8%, leading the index higher Read More »
Law enforcement agencies from the United States, United Kingdom and Canada have launched a joint initiative called Operation Atlantic aimed at disrupting cryptocurrency fraud schemes known as approval phishing attacks, the Ontario Securities Commission (OSC) announced Monday. The scams work by tricking victims into approving malicious wallet permissions via fake alerts or pop-ups that appear
Japanese Bitcoin treasury company Metaplanet (3350) said it has raised approximately 40.8 billion yen ($255 million) from global institutional investors through the placement of new shares, under a financing structure that could provide up to $531 million in total capital to support its bitcoin accumulation strategy. The Tokyo-listed company priced the new shares at a
Metaplanet (3350) Raises $255 Million in Stock to Accelerate BTC Accumulation Read More »
By Omkar Godbole (All times ET unless otherwise noted) Same as Bitcoin BTC$73,470.16 rallies, non-serious tokens such as memecoins emerge as the biggest winners. Among the majors, bitcoin jumped more than 2% in 24 hours, and at one point early Monday, it briefly topped $74,300 for the first time since early February. Other tokens, including
