Major global institutions and asset managers are not waiting for a single stablecoin to dominate the market. Instead, they are pushing for a regulated, interoperable infrastructure that allows seamless movement between deposit tokens and money market funds (MMFs), according to Thomas Eichenberger, Chief Strategy Officer at digital asset bank Sygnum. Institutional Demands Are Clear Speaking
Grayscale Investments, a prominent digital asset management firm, has been recognized on Fortune’s first-ever ‘Crypto 100’ list, a ranking of the most influential companies shaping the cryptocurrency and blockchain ecosystem. The company announced the honor via its official X account, expressing gratitude for being included among the firms driving the future of the digital asset
HashKey Holdings Limited approved a share repurchase plan of up to HK$100 million as its Hong Kong-listed stock rebounded after recent pressure. HashKey clears HK$100M buyback plan HashKey Holdings Limited, listed under stock code 3887, said its board approved an on-market share repurchase plan after the mandate passed at its annual general meeting on June
Larry Fink’s BlackRock (NYSE: BLK) is trying to buy at least $5 billion of SpaceX stock before the rocket company starts trading as soon as tomorrow, putting one of Wall Street’s biggest money managers right in the middle of the IPO frenzy. Before SpaceX, the largest IPO of the year belonged to the chip-maker Cerebras,
The Bank of Japan (BOJ) is expected to increase interest rates to a level that has not been seen since 1995 at its upcoming policy meeting scheduled on June 15-16. The increase in rates will mark an acceleration of the country’s monetary policy shift, putting further pressure on crypto trading volumes denominated in yen amid
Punters on prediction markets are ramping up bets that Elon Musk may eventually combine Tesla Inc. ) and SpaceX into one entity. What’s Happening On Polymarket And Kalshi? Over $560,000 has already been wagered on the outcome, and the market will resolve to “Yes” if Tesla is merged with or acquired by SpaceX or vice
Avalanche Treasury Co. had a weak first trading session on Nasdaq as its stock closed sharply lower under the ticker AVAT. Avalanche Treasury Co. closed at $1.85 on Thursday, down 38.13% in its Nasdaq debut. Google Finance data showed the stock opened at $2.99, reached a high of $3.00, and fell as low as $1.75
Elon Musk’s SpaceX has officially set its initial public offering at a price of $135 per share on Thursday, setting projections of a $75 billion raise in the largest stock market debut in history and valuing Elon Musk’s rocket and satellite company at almost $1.77 trillion. The offering eclipses Saudi Aramco’s December 2019 IPO, which