This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Conferences like last week’s Digital Asset Summit remind us of the broader world that crypto is percolating. The attendance of some of the largest banks and asset managers (and what they’re working on) seems a solid indication of where we’re headed.
Solana Company (HSDT), the digital asset treasury firm formerly known as Helius Medical Technologies and backed by Pantera Capital, has moved ahead with unlocking shares for early investors in its $500 million PIPE round as the company’s stock trades below the initial purchase price. The shares, sold in a private placement in September at $6.881
Key Takeaways Blockchain.com is reportedly exploring a SPAC deal to go public. The potential move would add to the momentum seen by other major crypto companies. Blockchain.com, a major crypto financial services company, is exploring a SPAC deal to go public, CoinDesk reported Monday. The firm is said to have held preliminary discussions about its
Key Takeaways Apple stock reached a new all-time high, fueled by strong demand for the iPhone 17. Apple’s partnership with Formula 1 is expected to enhance its brand visibility and expand its entertainment initiatives. Apple stock hit a new all-time high today, driven by strong demand for its latest iPhone model and excitement around a
After shaking up the markets with new trade measures against China, which will take effect on November 1, US President Donald Trump made new statements today that will reduce tensions. Trump said, “I think we will make a strong trade agreement with China,” adding, “We will have a meeting with Xi in South Korea, and
Reddit (NYSE: RDDT) is surging higher, climbing 6% to $206 as of early trading on October 20. Indeed, this surge comes at a time when RDDT stock has faced volatility, dropping 20% over the past month. Year-to-date, however, the social media giant remains up 24%. The rally comes after investment firm Raymond James raised its
Japan’s Financial Services Agency (FSA) is considering regulatory changes that would allow banks to hold cryptocurrencies like Bitcoin for investment purposes. This step aims to enable banks to evaluate cryptocurrencies among investment instruments such as stocks and government bonds, amid the rapid spread of digital asset trading both domestically and globally. The agency will discuss
Shoppers who picked up a gold bar from Costco (NASDAQ: COST) in 2023 are now seeing solid profits as the precious metal continues to hit new record highs. When the retailer first began selling one-ounce gold bars in mid-2023, each was priced at about $1,900 and sold out almost instantly. Those same bars are now
Jeremy Kranz, founder and managing partner of the venture capital firm Sentinel Global, has urged investors to exercise caution when dealing with privately issued stablecoins. According to Kranz, these assets carry all the risks associated with central bank digital currencies (CBDCs), as well as additional, unique vulnerabilities of their own. Kranz refers to privately issued
Gold has made every other asset on earth its dog throughout this year, rallying too hard that it now takes 116 hours of minimum wage work to buy one ounce of the precious metal in America, the highest ratio in literally over a century, according to data from Bloomberg. That means a worker earning the