“Once liquidations begin to influence prices, the market may move faster than actual demand would warrant,” said Shawn Young, chief analyst at MEXC Research, who is monitoring how bitcoin trades in the $60,000 to $63,000 range now that the first rally is underway. MSCI’s Asia-Pacific stock gauge climbed 1.4% as investors turned their attention back […]
What next as bitcoin hits nearly $64,000 Read More »
The U.S.-blocked company plans to use the proceeds to upgrade its production lines and technology after posting explosive growth, including first-quarter revenue of 50.8 billion yuan, up 700 percent year-on-year. Reuters estimates that CXMT had about 7.7% of the global DRAM market last year. These deals follow SpaceX (SPCX) and Cerebras (CBRS), two AI-related listings
SK Hynix and CXMT IPO Boom Could Pull Capital Out of Crypto Read More »
Digital broker Robinhood’s new channel is off to a great start and the benefits are trickling down to the Ethereum-based Arbitrum network. Arbitrum’s native token (ARB) surged 19% in the past 24 hours, making it the best-performing asset among the top 100 cryptocurrencies, according to CoinDesk data. Bitcoin BTC$63,146.23 rose slightly by 1.5% to trade
Robinhood Channel Hits $568 Million Trading Frenzy, Profiting Arbitrum Read More »
At the last moment, New Hampshire turned its back on a groundbreaking effort to establish what was supposed to be the first bitcoin-backed rated bond issued under state authority, with a government agency canceling the project. Just months after Moody’s Ratings gave the bond a Ba2 rating, the New Hampshire Executive Council, which reviews the
New Hampshire stifles pioneering Bitcoin bond effort Read More »
Coinbase Chief Legal Officer Paul Grewal is leaving the company after a high-profile, years-long legal battle with U.S. regulators, and the U.S. exchange also announced new changes to its senior leadership. Grewal is leaving to work at a startup, according to a Thursday announcement from Coinbase. Molly Abraham will now lead the company’s legal team
With SEC Fight Over, Coinbase’s Top Legal Officer Grewal Leaves, Others Reassigned Read More »
Grayscale Chief Financial Officer Edward McGee has resigned after seven years at the crypto asset manager, becoming the latest senior executive to leave the company, according to a filing Thursday with the U.S. Securities and Exchange Commission. McGee resigned effective July 2 for personal reasons and not because of “any disagreement with the company or
Grayscale CFO leaves after 7 years at crypto asset manager Read More »
Tech giant Sony’s online banking unit said it has received conditional approval to establish a national trust banking subsidiary in the United States to support the issuance and management of dollar-denominated stablecoins. The planned unit, Connectia Trust, National Association, will be based in New York and capitalized at $40 million, according to an announcement from
Sony Bank Obtains Conditional OCC Approval for US Bank Stablecoin Trust Read More »
The unified version of the Clarity Act — which one person said would have added more than 70 pages of text — has yet to solidify a position on the main sticking point: a Democratic-demanded restriction preventing top government officials (including the president) from having business ties to the crypto industry. Without compromise on these
Average requests increased to 10.3% of shares from 9.7% in the first quarter, but vary widely (1.3% to 38.1% for Blue Owl’s OTIC), Fitch said. Many requests followed from investors which had only been partially satisfied in the last quarter. New inflows fell by around 56% on average, so most funds saw net outflows of
Others have taken a more macro view. Strive CEO Jack Mallers, among others, described the Bitcoin selloff as a warning of a macro-fiduciary liquidity crisis. Bitcoin has a history of acting early and aggressively on liquidity changes and is often considered one of the assets most sensitive to changes in money supply growth, Treasury operations,
Private credit faced $15 billion in redemption requests during brutal second quarter Read More »
