Ark Invest bought $11.6 million worth of shares in cryptocurrency exchange Bullish (BLSH) on Wednesday, the ninth consecutive day the investment manager has added to its BLSH holdings. The St. Petersburg, Florida-based company bought 364,134 shares in Bullish, which is also the parent company of CoinDesk, across three of its exchange-traded funds (ETFs). BLSH closed
Solana wants to position itself as the execution layer for “internet capital markets” in Asia, or venues where users can issue, trade, borrow, lend, and settle assets online, 24/7, without needing a traditional exchange, bank or clearing house. At least, that was the position attendees and panelists at Solana’s Accelerate APAC event in Hong Kong
Stablecoin issuer Agant won registration as a cryptoasset business with the U.K.’s Financial Conduct Authority (FCA), marking a regulatory milestone as it prepares to introduce a pound-denominated stablecoin, the company said in a press release Wednesday. The registration, granted under the country’s money laundering regulations, positions the firm to issue GBPA, a fully backed sterling
OKX Ventures, the venture capital arm of the global cryptocurrency exchange, has made a strategic investment in STBL, a next-generation stablecoin and yield infrastructure provider. STBL, co-founded by Reeve Collins, who also co-founded Tether, and tokenization pioneer Avtar Sehra, also announced a partnership with Hamilton Lane (HLNE), an alternative-investment management firm, and Securitize, a regulated
Investors are now eyeing this week’s release of January’s delayed inflation print, following a hot labor report on Wednesday that showed the economy added 130,000 new jobs for the month. The release of fresh U.S. consumer price index data, pushed out due to the government’s partial shutdown and now expected Friday, is forecast to show
Coinbase, the largest publicly traded crypto exchange in the U.S., faces mounting pressure from Wall Street as analysts slash price targets ahead of its quarterly earnings report scheduled for Thursday. Shares of the San Francisco-based firm have dropped 34% since January, trading near $152 after falling 6% today. The decline mirrors a broader pullback in
Despite a bearish cryptocurrency market, ETF issuers continue to push forward with new filings, betting that demand for digital asset funds will remain strong. Summary ETF issuers like Bitwise, ProShares, and 21Shares are advancing with new filings, including plans for Uniswap-linked and leveraged Bitcoin/Ether ETFs. The crypto ETF market is crowded, with over 140 existing
A new report found that American pension schemes have increased their allocations to Bitcoin, Ethereum and stablecoins, but have avoided other altcoins. Market volatility has made some question these allocations, with 11 pension funds recently losing over $250 million after Strategy’s shares tanked. There has been a heated debate in regulatory and investment circles over
Table of Contents Where Did the Quote Really Come From?What Did Fink Actually Say?Is the Debt Concern Real Though?Why Does This Keep Happening in Crypto?Frequently Asked Questions No, he did not. Various posts on X claim BlackRock CEO Larry Fink warned that the US dollar would turn into “Monopoly money” and eventually be “abandoned.” Multiple
IREN stock price remains under pressure this month as Bitcoin retreats and Neoclouds shares dip. It retreated to $42.93 on Wednesday, down by 44% from its highest level in November last year. So, is IREN a good stock to buy today? IREN stock has slipped despite strong growth potential Copy link to section IREN stock