American billionaire Bill Ackman is moving to take his Pershing Square Capital Management public through a dual listing on the NYSE alongside its PSUS closed-end fund. The New York-based hedge fund is targeting a $5 billion to $10 billion capital raise, offering PSUS shares at $50 and including Pershing Square stock as part of the
Stablecoins are evolving from a niche crypto trading tool into a potential layer of global financial infrastructure, according to Australian investment bank Macquarie. While most U.S. dollar-denominated stablecoin activity, mainly in Tether’s $USDT and Circle’s $USDC, still comes from crypto trading, accounting for about 90% of volume, the bank said adoption is expanding across payments,
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2004.71, up 1.4% (+26.87) since 4 p.m. ET on Monday. Fifteen of 20 assets are trading higher. Leaders: XLM (+5.1%) and NEAR (+3.6%). Laggards: BCH (-1.0%) and UNI (-0.5%).
Crypto traders on the perpetuals exchange Hyperliquid are placing increasingly aggressive leveraged bets that bitcoin will break above $75,000 after a sharp rally at the start of the week. Bitcoin climbed to around $71,000 on Tuesday, up from roughly $65,000 when $BTC futures opened on Sunday evening. The move has reignited calls for a retest
In the US, after Bitcoin (BTC) and Ethereum (ETH), spot ETFs for XRP, Solana, and many altcoins are planned for launch in 2025. While altcoin ETFs are attracting Wall Street’s attention, Bloomberg ETF analyst James Seyffart has revealed investment data regarding Solana ETFs. According to a Bloomberg analyst, investment advisors hold a $270 million portfolio
Tokenized stocks have surpassed $1 billion in total value on-chain, marking a new milestone for the fast-growing real-world asset (RWA) sector. Data from RWA.xyz shows the value of tokenized equities climbing past the $1 billion mark, as platforms offering blockchain-based exposure to traditional stocks attract more trading activity and liquidity. Much of that activity is
In the US the journey of crypto ETFs has been rooted for over a decade. Early filings from companies like Gemini weren’t accepted. 21Shares itself played a significant role in the evolution outside the United States, rolling out one of the world’s first physically backed Bitcoin exchange-traded products (ETPs). Crypto was initiated as a grassroots
Elvira Nabiullina, the head of the Central Bank of Russia, has declared that first-wave banks were finalizing their preparations to support the digital ruble on day one. She also clarified that the bank was on schedule for the launch expected by September. Central Banks Reinforce Preparations Are ‘On Schedule’ To Launch Digital Ruble The Central
Nvidia, an American semiconductor company and a leading global manufacturer of high-end graphics processing units (GPUs), is planning to release an open-source platform for artificial intelligence (AI) agents. According to Wired, the product is named NemoClaw. The move comes ahead of Nvidia’s annual developer conference, GTC, which begins March 17. Why it matters: The news