Strategy’s Bitcoin credit calculator produced an illustrative STRC price of $210.90 on Oct. 2, while displaying a market-price input of $99.50 for the perpetual preferred stock. The issuer also retains the option to redeem shares at $101, or a higher amount it chooses, plus applicable unpaid dividends. That gap exposes the limits of the calculation.
In brief Nvidia shares reached a record $237.88 in Friday trading, lifting the chipmaker’s market value to roughly $5.7 trillion, the largest of any company. The board added $150 billion to Nvidia’s buyback authorization on Sept. 28, bringing the total to $235 billion through fiscal 2028. U.S. employers added 29,000 jobs in September against forecasts
European stablecoin issuers are making the case for regulated US dollar tokens, arguing that Europe’s push to strengthen the euro does not eliminate businesses’ need for dollar liquidity. AllUnity, a German stablecoin issuer, launched its US dollar-pegged stablecoin USDAU on Wednesday, expanding its MiCA-regulated lineup beyond European currencies. “In global trade and FX markets, the
Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May. Meanwhile, Blockchain.com is preparing for an initial public offering (IPO) at a potential $6 billion valuation, well below the $14 billion
Hong Kong stocks suffered a sharp sell-off on Friday. The Hang Seng Index fell 2.6% as investors reacted to surging global bond yields and new pressure on major financial and technology shares. The Hang Seng closed at 23,972, down roughly 640 points and at its lowest level since July. The Hang Seng China Enterprises Index
Perpetual futures, proposed by economist Robert Shiller in 1993 and commercialized by the crypto industry, are now being considered by Wall Street for products like the VIX, the stock market’s so-called fear gauge. Cboe is exploring perpetual futures on the VIX, still early, with no contract specs or filing, according to Bloomberg. The VIX Index
As reported by Reuters, Anthropic revealed in the prospectus for its IPO that Broadcom has agreed to provide financing for AI infrastructure worth up to $42 billion. As a result, Broadcom finds itself in an unforeseen situation where it is not only supplying chips but also financially backing the infrastructure created around those chips. When
Token Terminal has reported that $46.2 billion in real-world assets (RWAs) have been tokenized across 36 different blockchain networks. This significant development is attracting attention as it highlights the growth potential of the tokenization market. Additionally, with 5.8 million holders and $3.6 billion deposited into DeFi, the ecosystem is poised for further expansion, suggesting a
Tokenized stocks are poised to bring a significant transformation to onchain finance by introducing over 10,000 established businesses. As highlighted by a recent tweet from Token Terminal, these assets will be available onchain from day one, enhancing liquidity and usability across decentralized finance platforms. This shift could lead to an acceleration of new financial activities