Business – Page 38 – PK Press Club

US SEC to Propose Crypto Rule This Month to Make Startups, Fundraising Easier

“To achieve President Trump’s goal of ensuring the United States is the crypto capital of the world, we are embracing innovation to bring more products to the land, creating clear rules for raising capital with crypto assets and providing clarity on how market participants can curate and facilitate the trading of tokenized securities online,” Atkins […]

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SpaceX IPO Generates Record $3.86 Billion in Tokenized Stock Trading Volume in June

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Tokenized stocks saw record trading activity in June as investors flocked to blockchain-based versions of SpaceX (SPCX) stock following the aerospace company’s blockbuster IPO. On-chain trading volume soared 145% from May to $3.86 billion, according to the latest Stablecoins & Tokenized Assets report from CoinDesk Data. SpaceX tokenized shares accounted for $1.19 billion of the

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AI business loses steam as Samsung profits fail to boost chip stocks amid shift to open source AI

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The AI market, which includes semiconductors and memory, is showing signs of weariness as investors reassess whether the extraordinary boom in chip and data center spending can be sustainable. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter profits

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Analysts see more upside for SpaceX as post-IPO research begins

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Wall Street analysts began covering SpaceX (SPCX) after the 25-day quiet period expired following the company’s IPO in June, with nearly every major brokerage initiating coverage with a bullish rating. The aerospace and satellite company, which held 18,712 bitcoins BTC$63,430.42 as of March 31, went public in June, raising $75 billion in one of the

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Vanguard Opens Search for Digital Asset Leader, Sign of Evolving Crypto Strategy

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Vanguard has opened the search for a head of digital assets, creating a leadership role that would oversee the company’s strategy for cryptocurrencies and blockchain-based financial technology. The position, listed within Vanguard Personal Wealth, calls on an executive to develop the company’s digital asset vision, identify business opportunities and lead execution across the product, technology,

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Former Tether CIO plans to sell part of his stake in the crypto giant

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Richard Heathcote, who until March was Tether’s chief investment officer, is considering selling part of his 1.26% stake in the stablecoin giant, according to a Bloomberg report. Heathcote is working with PJT Partners to sell its stake in the San Salvador, El Salvador-based company, Bloomberg said, citing sources familiar with the matter. The sources said

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July BTC Price Under Threat as Coinbase Premium Records 50-Day Negative Streak: Crypto Daily

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Bitcoin BTC$63,625.20 fell on Tuesday after posting a six-fight winning streak, the longest since March. Regardless, the gains appear fragile based on several indicators. The most widely followed is Coinbase Premium, which tracks the difference between the price of bitcoin on the US exchange Coinbase (COIN) and Binance. It has now been negative for fifty

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Coinbase gets UK approval to offer traditional investments alongside crypto

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Nasdaq-listed Coinbase (COIN) has won UK regulatory approval to offer stocks and derivatives alongside crypto, expanding its product range in one of its largest international markets. The new license allows institutional and advanced traders to access perpetual futures contracts on cryptocurrencies, stocks and commodities, Coinbase said in a blog post. Retail customers in the UK

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Bitcoin Pulls Back From $64,500 On Weak ETF Flows, Falling Open Interest Cloud Outlook

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Bitcoin BTC$63,176.00 remained stalled on Tuesday, falling for the first time this month and breaking the longest winning streak since March. It reached $64,500, its highest level in more than two weeks, on Monday. Ether (ETH) followed the largest cryptocurrency, falling to $1,770 after hitting a high of $1,830 on Monday. July’s rally can be

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Bitcoin Holders Can Now Participate in a BTC Covered Call Income Strategy on Binance

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Binance introduced a product for Bitcoin BTC$63,001.31 Holders are looking to earn additional returns on their investment without selling anything, joining with companies like BlackRock to help them maximize returns. The product, BTC Yield, is available in Binance Earn and is designed exclusively for people who already hold Bitcoin. Users deposit their bitcoin into the

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