Strive CEO Matt Cole is pitching his company as the likeliest “fastest horse” among Bitcoin treasury firms in the next bull market, and he backed it with seven principles on competition posted on X. His broader argument, however, is that Strive and Strategy need each other to expand the market for Bitcoin-backed digital credit rather
SpaceX (NASDAQ: SPCX) stock rose by 6% to approximately $168.78 on Monday, which increased the company’s market cap to around $2.29 trillion, taking the stock beyond the $150 mark that made Elon Musk the world’s first trillionaire in June. The move comes after Morgan Stanley endorsed the company again, and Musk’s move to rename the
US corporate credit spreads widened beyond the weakest borrowers from September 25 to October 1, creating a broader test of whether tighter financing and reduced institutional risk-taking could pressure Bitcoin. The largest increase remained concentrated in CCC-and-lower debt, while investment-grade bonds showed a much smaller rise. These option-adjusted spreads measure the premium over a Treasury
The iShares MSCI Brazil ETF token, known as $EWZ, has officially launched on the Solana network, marking a significant milestone for the platform. This token will provide investors with exposure to Brazilian stocks, enhancing trading opportunities for users. The news comes from a tweet by the influencer @SolanaFloor, highlighting the partnership with @Sunrise and @Backpack
Stablecoin Development Corp, which has been trading around a minimal $50 million marketcap for months, has suddenly seen its price jump tenfold in a matter of two weeks for absolutely no reason whatsoever. Tether is a major investor in the company, whose primary business appears to be earning interest off of USDS — not a
Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services. According to Monday’s announcement, the company submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, which would operate as a
The stock prices of most publicly-traded nuclear companies that have received a loan, contract, or financial incentive from Donald Trump’s administration have declined since receiving that favor. Trump’s administration has handed the nuclear industry tens of billions of dollars of incentives in the past year, including a new $4.2 billion federal loan to Ohio nuclear
During a Legislative Council briefing, Hong Kong’s finance chief laid out a long list of measures to grow the city’s offshore yuan business. Meanwhile, two banks already hold stablecoin issuer permits, and the finance chief made a promise for a virtual asset licensing bill to come later this year. Will Hong Kong lawmakers introduce a