Garrett Jin, founder of the cryptocurrency exchange BitForex, which was shut down amid fraud allegations, said Bitcoin is likely to remain rangebound until it can break through a key resistance zone between $80,000 and $82,500. In a blog post published this week, Jin outlined a scenario where BTC could trade sideways for several weeks, allowing
Hanwha Investment & Securities, a South Korean financial services firm, is accelerating its push into digital assets by reorganizing its virtual asset investment unit and establishing a local office in the United States, according to a report from Seoul Economic Daily. The move signals a broader institutional commitment to blockchain-based finance, as the company positions
Bitcoin’s recent price breakout that saw it briefly touch $80,000 from a low of around $62,000 within just a week has helped most of its investors recover from their losses. Following the major price comeback, recent analysis showcased on crypto analytics platform CryptoQuant shows that 69% of its supply is now sitting in profit. Bitcoin
European-listed investment firm Capital B has announced a €21 million ($24.45 million) capital increase aimed at institutional investors, with proceeds earmarked to fund the acquisition of up to 270 additional Bitcoin. If fully executed, the company’s total Bitcoin holdings would rise to approximately 3,415 $BTC, underscoring its continued commitment to a strategic Bitcoin treasury. Capital
Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin. The Nasdaq-listed company said 10 non-US investors would contribute 3,170 $BTC in exchange for 51.62 million Class A shares and warrants covering another 51.62 million shares, according to an Aug. 27 SEC filing. The
There has been a notable increase in discussions surrounding a possible Anthropic initial public offering (IPO) in late August, with September often mentioned as the month when the artificial intelligence (AI) giant will hit the stock market. Cryptocurrency traders on the prediction platform Polymarket, however, appear to believe that the firm will not go public
Despite the optimistic claims ahead of the initial public offering (IPO) and the subsequent bullish forecasts, investing in SpaceX (NASDAQ: SPCX) stock as soon as it became available would not have been a lucrative move by press time on August 28. Specifically, though SPCX enjoyed a strong recovery during the month that took the equity
Michael Saylor’s Strategy (MSTR) stock is making a strong comeback, jumping nearly 40% in one month from around $82 to $140. The rally comes as Bitcoin recovered from the $60,000 range to above $80,650, giving a major boost to one of the market’s biggest Bitcoin-linked stocks. Strategy’s large $BTC holdings have also turned earlier paper
After enjoying a 5.40% climb to its latest closing price of $61.47 over the last 30 days of trading, PayPal (NASDAQ: PYPL) stock suffered a sudden and steep reversal in the night between Thursday and Friday, August 28. Specifically, PYPL shares remained level in the latest after-hours session but collapsed 14.67% to $52.45 as the
DeFiLlama data shows that many pre-IPO tech firms have witnessed their private valuations more than double in the past year, with AI companies now occupying the top two places on DeFiLlama’s board. The ranking sends a strong message to the worldwide AI industry. The largest sources of private capital are gravitating toward frontier model developers