Bullish Inc. (NYSE: BLSH), a global digital asset platform catering to institutional clients, announced Tuesday it has received $1.15 billion in proceeds from its initial public offering (IPO), settled entirely in stablecoins. According to an announcement from the Cathie Wood favored firm, the transaction marks a significant milestone for the use of blockchain-based currencies in
Fed Chair Jerome Powell faces a critical dilemma ahead of his Jackson Hole speech on Friday. Citi Director and Global Economist Robert Sockin told Bloomberg Surveillance that the impact of higher tariffs on inflation worries Powell and that recent labor market data raises the possibility of a September rate cut. Sockin noted that it was
Fed officials have long been unusually divided on the issue of interest rate cuts. The minutes of the July meeting, to be released today, will reveal just how deep this division runs. The Fed minutes will be released today at 9:00 PM (UTC+3). Bitcoinsistemi.com will be providing all the information immediately. At the Federal Open
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin BTC$113,547.43 down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum ETH$4,163.33 treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi
The Stablecoin market has reached a new high, with its today’s market capitalization value crossing the $288.7 billion market. According to the latest data shared by PHOENIX, a crypto analytics firm, crossing this psychological mark emphasizes the critical role of stablecoins as a medium of liquidity in the crypto economy. Tether’s Reign – An Unmatched
Ripple’s investor and termed XRP lawyer, John E. Deaton, has announced a major win for the Linqto customers, which came out of a Texas bankruptcy court today. According to Deaton, the proposed $60 million debtor-in-possession loan has been cancelled. After filing for Chapter 11 bankruptcy in the US last month, Linqto devised a plan to
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. More crypto IPO filings from Gemini and Figure affirm investors will soon have a more complex investment universe to navigate. Circle’s IPO turned heads in June. Bullish followed suit with its own NYSE listing two months later. It’s safe to say
One of the top Strategy (formerly MicroStrategy) influencers has sold his position and called founder Michael Saylor a liar. Josh Mandell, who has over 140,000 followers on X and is frequently praised in subreddits like r/MSTR as a key voice on the company, went viral today after claiming that Strategy executives have reneged on solemn
Crypto venture funding declined 59% quarter-over-quarter to $1.976 billion in the second quarter across 378 deals. According to a Galaxy report, last quarter was the second-smallest investment quarter since the fourth quarter of 2020. Later-stage deals captured 52% of total capital invested, representing only the second time since the first quarter of 2021 that mature
Bitcoin BTC$112,859.03 aside, the best investment in crypto is its “picks and shovels,” according to the CEO of $1.6 trillion asset manager Franklin Templeton. Jenny Johnson, the third-generation leader of the manager, spoke at the SALT conference in Jackson Hole, Wyoming on Tuesday, doubling down on what in her opinion will be the biggest use