Robinhood Securities says it has secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval,
Pyth Network, a blockchain oracle and market data provider, has launched new pricing indexes for US stocks and commodities, a move aimed at supporting around-the-clock trading products across crypto exchanges. The company announced Wednesday that Coinbase, Kraken, dYdX and Nado are already using the indexes to power new trading markets. According to Pyth, the indexes
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months. The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with
Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset
Bitcoin (BTC) and altcoins have experienced sharp declines in recent days. This decline is attributed to increased tensions related to the US-Iran conflict, rising energy costs associated with the conflict, and increasing inflation concerns. Analysts are concerned that inflation, which the Fed has long been trying to bring down to its 2 percent target, will
A widely-tracked 5x-leverage perpetual on Hyperliquid tied to SpaceX’s impending IPO, expected to be the largest in history, has declined for three consecutive weeks. The product, tickered as SPCX, traded near $157 on Wednesday, down about 27% from its mid-May launch price of around $216, after briefly touching $230. That does not mean traders are
A portion of the 40x leveraged Bitcoin ($BTC) short position held by prominent Hyperliquid trader James Wynn has been partially liquidated, according to blockchain analytics platform Onchain Lens. Despite the liquidation event, Wynn has not fully exited the trade and continues to maintain the position, signaling a strong bearish conviction on the leading cryptocurrency. Details
There is the theoretical possibility that at this precise historical moment Bitcoin could be a better investment than gold. Although this is only a hypothesis, it is nonetheless supported by some data that make it at least plausible, even if not necessarily probable. However, to understand this reasoning it is necessary to stop thinking like
NBA Top Shot decentralized storage IPFS is now at the center of one of the platform’s biggest infrastructure changes yet. Every Moment on the platform — the video highlight, the thumbnail, and the metadata — is now preserved on decentralized IPFS storage, so collectors can verify what they own without asking for permission or logging