Business

Striving to raise $160 million after increasing BTC-linked preferred stock offering

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Strive (ASST), an asset management company building a bitcoin BTC$102,817.22 treasury, is looking to raise $160 million after increasing the initial public offering of 2 million of its Series A Perpetual Floating Rate Preferred Stock (SATA) and pricing them at $80 per share. The offering, scheduled to close on November 10, was increased by 750,000 […]

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Bitcoin Holds $103,000 as Altcoins Lag and Traders Cover the Downside

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Bitcoin BTC$103,250.49 It holds around $103,000 after rebounding from Wednesday’s sub-$100,000 level. The CoinDesk 20 Index (CD20) is up 1.8% in 24 hours. Nonetheless, the largest cryptocurrency remains in a technical downtrend from the Oct. 6 record high of $126,000, having formed a high below $116,000 as well as consecutive lows. The altcoin market fared

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Is another element of Michael Saylor’s BTC strategy starting to come together?

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Another piece of Strategy (MSTR) Executive Chairman Michael Saylor’s game plan appears to be taking shape after the company’s perpetual preferred stock, Stretch (STRC), hit an all-time high of $100.10 with trading volume reaching 1 million shares. This step is important because it allows Strategy, the largest holder of Bitcoin BTC$103,071.32to use its market offering

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Franklin Templeton launches tokenized money market fund in Hong Kong

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Cryptocurrency-friendly investment firm Franklin Templeton has introduced a blockchain-based money market fund for professional investors in Hong Kong and said it is also working on a version for retail investors in a bid to expand its presence in Asia. The Franklin OnChain US Government Money Fund invests in short-term US government securities, with shares represented

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Citi Says Crypto Weakness Comes From Slowing ETF Flows and Declining Risk Appetite

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Wall Street bank Citi (C) said the crypto market’s latest bout of weakness comes despite stocks performing well, with sharp selloffs in October denting investor confidence. The Oct. 10 selloff reduced risk-taking not only among leveraged crypto traders, but also among new spot exchange-traded fund (ETF) investors, who have since exited, analysts Alex Saunders and

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Trump wants US to be ‘the Bitcoin superpower’, says crypto needs to be done right

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Speaking at 1 p.m. ET on Wednesday, the first day of the two-day America Business Forum in Miami, Florida, President Donald J. Trump urged the United States to embrace crypto and outlined an ambition for American leadership. “We are here…to embrace a vital industry here in Miami,” he said. Trump presented his administration as a

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Gains 5% after RLUSD Pilot, Technical Breakout Targets $2.50

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XRP rose 4.9% to $2.35 during Tuesday’s session, breaking through key resistance at $2.30 on nearly double institutional volume. This is the token’s biggest daily gain in a week and an outperformance against a broader declining market, with traders now eyeing a sharp push towards $2.50. News context Institutional flows returned to XRP as risk

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Holds $0.16 support on breakout of profit-taking caps

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Dogecoin edged down 0.5% to $0.1657 during Wednesday’s session as institutional flows hovered near resistance following a 104% volume surge above daily averages. The token defended its ascending channel structure despite distribution pressure at the upper boundary, maintaining the neutral to bullish short-term bias above $0.16. News context Institutional positioning has continued to define DOGE’s

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BNB holds above $950 as traders defend key support amid market slump

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BNB Chain’s native token BNB remained stable above $950 after falling 0.6% in 24 hours. The token last traded at $952, demonstrating its resilience in the face of broader market volatility; the CoinDesk 20 Index (CD20) fell 1.6% over the same period. After opening at $957.70, BNB dropped to $891.84 before recovering. Buyers stepped in

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Jefferies sees strong quarter but limited upside for Bitcoin miner MARA

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Investment bank Jefferies maintained a hold rating on MARA Holdings (MARA) shares after bitcoin BTC$102,019.12 The miner reported third-quarter results largely in line with Wall Street expectations. The company cited stable operations, promising developments in energy integration and cautious advances in artificial intelligence, while reducing its price target from $19 to $16. Shares were up

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