On Tuesday, three affiliated NYSE-listed companies under AMTD Group proposed a crypto-for-stock conversion program that would let holders swap Bitcoin, Ethereum, USDT, Binance’s BNB, and USDC for newly issued shares under the exchange. AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE) formed the program with pricing that would be set by
Stablecoins are dominating the future of finance as billion-dollar IPOs ditch cash for blockchain, unlocking unmatched speed, savings, and global access. Stablecoins Power Historic $1.15B IPO, Reshaping Market Infrastructure Stablecoins are becoming an increasingly common tool in financial markets, viewed as faster, cheaper, and more globally accessible than traditional settlement systems. Coinbase reinforced this perspective
Bitcoin sank below $113,000 for the first time since August 2, as investors, fretful about inflation, tariffs, and geopolitical unrest, shied away from cryptocurrencies and other risk-on assets. Bitcoin has been swooning since reaching a record high of $124,128 last Thursday. Ethereum, which neared its own all-time high less than a week ago, was changing
MicroStrategy stock is trading below $374 neckline with signals pointing at a strong bearish move toward $300. Fibonacci retracement levels at $402 and $394 failed to hold with $337 and $318 now acting as key markers. The next sessions will decide if MSTR holds support near $350 or accelerates into deeper decline toward $300. MicroStrategy
Story Highlights Celsius has cautioned creditors from falling prey to rising phishing scams. The Celsius creditors are set to recover 67% to 85% of their holding through the stipulated recovery plan. The third Celsius distribution will happen via the same methods including PayPal, Coinbase, Venmo, and Hyperwallet. Celsius, a defunct cryptocurrency lending platform currently undergoing
Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed’s release of the FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday. Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%,
Crypto stocks took a sharp nosedive Tuesday as investors dumped tech and risk assets after a strong rally last week that had been fueled by growing speculation around interest rate cuts, but that momentum broke hard as traders got spooked by rising uncertainty ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks in Jackson Hole,
Polkadot has launched Polkadot Capital Group, a capital markets division that connects traditional finance with its blockchain ecosystem. This move positions it at the centre of tokenization and DeFi to attract institutional players as digital assets gain traction. The division will showcase practical use cases in decentralized finance, staking and the fast-growing area of real-world