Goldman Sachs has raised its price target on Coinbase Global Inc. (NASDAQ: COIN) to $196 from $173, while maintaining a buy rating on the cryptocurrency exchange’s stock. The revision, reported by CNBC, reflects the bank’s view that ongoing improvements in the cryptocurrency market and growth in Coinbase’s newer business lines, including derivatives and prediction markets,
Digital asset manager Bitwise said it is offering automated portfolios of tokenized stocks, allowing eligible investors to hold and automatically rebalance baskets of U.S. equities directly in their crypto wallets. The products, called Automated Token Portfolios (ATPs), use Coinbase’s recently debuted tokenized U.S. stocks, with portfolio technology provider Glider handling the rebalancing based on models
The9’s second-quarter profit was driven by accounting for its 9BIT token holdings rather than its operating businesses, with one fair-value gain alone exceeding the company’s bottom line. The Nasdaq-listed company reported $32.4 million of net income for the quarter ended June 30, up from $22.6 million in the first quarter. Yet The9 recorded only $712,000
A trio of former executives from Danish digital bank Lunar has decided that spreadsheets and human-only bookkeeping have run their course. Together with a professional auditor, they’ve raised €8.2 million to build Repodo, a startup betting that artificial intelligence can finally break into the notoriously conservative audit market, starting with small businesses in Denmark rather
Circle’s chief executive has put a number on something the crypto industry has been buzzing about quietly for months: $USDC AI payments now make up nearly the entire market for machine-driven transactions. According to Coinfomania, Circle’s CEO, Allaire, said $USDC holds a 99% share of payments made by artificial intelligence systems, a figure that reframes
South Korea has opened a legal pathway for tokenized securities backed by domestic underlying assets, such as money market funds (MMFs), to be issued and sold in overseas blockchain markets. The move follows a recent interpretation by the Financial Services Commission (FSC) indicating that such offerings would not violate the country’s Electronic Securities Act, provided
The Indian crypto market has long been connected to active trading and short-term bets. But now, the focus is slowly shifting as more wealthy investors begin to enter the space. High-net-worth individuals (HNIs) have started seeing crypto as a long-term investment rather than a trading option. According to BitDelta India CEO Vikaas Sachdeva, HNIs and
Copper, the cryptocurrency custody firm that was once valued at as much as $2.5 billion, is attracting interest from potential buyers, but at a price tag way below the $500 million Cantor Fitzgerald was marketing the firm at only a few months ago, according to three people with knowledge of the matter. The London-based company,
Datavault AI reaches its Nasdaq minimum bid-price deadline on Aug. 24, with DVLT 68% below the exchange’s $1 threshold and no disclosed decision on whether the company will receive more time or a delisting notice. DVLT’s last sale was $0.3186 on Aug. 21, according to Nasdaq’s official quote feed. Nasdaq historical data showed every close/last
India has set plans to launch its first tokenized corporate bonds next month through an REC issue of less than 5 billion rupees ($57 million), with the digital rupee set to settle transactions on blockchain-based infrastructure. Reuters reported on Aug. 25, citing three people with direct knowledge of the matter, that state-owned power financier REC