The second-largest US-based crypto exchange by trading volume is reportedly an initial public offering (IPO) candidate for next year. Citing people familiar with the matter, The Information reports that Kraken is eyeing to raise $500 million at a $15 billion valuation. The price tag represents a significant increase from when the 14-year-old Coinbase challenger was
JP Morgan Chase CEO Jamie Dimon reaffirmed his belief in stablecoins on Thursday, but said that he still wasn’t a fan of Bitcoin. Speaking with CNBC, billionaire banking boss Dimon said that stablecoins could be used in ways that fiat currency can’t. “There are things that stablecoins maybe can do that your traditional cash can’t,”
Software company MicroStrategy (MSTR), known for its huge investments in Bitcoin, announced its 2025 second quarter financial results. The company’s revenues and profits exceeded analyst expectations, while the increase in the value of its Bitcoin position attracted attention. The prominent data in the report published by the company were as follows: Total Bitcoin Assets: 628,791
Cryptocurrency exchange Coinbase (NASDAQ: COIN) announced its financial results for the second quarter of 2025. The company’s revenue and trading volume fell short of analyst expectations. The most important points that emerged from the data published by the company are as follows: Total revenue: $1.50 billion (Expected: $1.59 billion) Trading volume: $237 billion (Expectation: $252.76
Strategy is preparing to sell up to $4.2 billion worth of STRC shares, according to a document filed with the U.S. Securities and Exchange Commission (SEC). The company announced that it plans to purchase Bitcoin with the proceeds from this sale. According to a prospectus filed with the SEC, Strategy will offer STRC shares, called
The US Securities and Exchange Commission’s recent decision to let crypto ETF issuers swap Bitcoin and Ether directly for fund shares represents a structural upgrade, not a retail revolution, analysts say. Bloomberg’s Eric Balchunas called the change “a plumbing fix,” noting it won’t meaningfully affect how everyday investors interact with crypto exchange traded funds. “This
Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries,