Nasdaq-listed Solana Company has completed a capital increase of approximately $8 million, according to a report from The Wall Street Journal (WSJ). The company issued 3,076,922 shares of Class A common stock at a price of $2.6 per share. This investment round was led by Mirae Asset and included participation from HashKey Capital. The proceeds
The Nasdaq 100 and the QQQ ETFs are in a strong bull run and trading at a record high as investors embrace a risk-on sentiment amid the ongoing ceasefire between the United States and Iran. They have soared in the last four consecutive weeks and are now hovering at their all-time highs. This article explores
Western Union (WU) is preparing to roll out a stablecoin strategy that could reshape how the 175-year-old money-transfer company settles payments across its global network. CEO Devin McGranahan said on the company’s first-quarter earnings call that Western Union’s U.S. dollar stablecoin (USDPT) is in the final stages of readiness and is expected to launch next
A new report by Discovery Bank and Visa highlights a major shift in South Africa’s financial landscape, as cryptocurrency matures from a speculative trend into a mainstream investment class. Key Takeaways: Discovery Bank and Visa report that 7.8 million South Africans now treat crypto as a mainstream asset class. Middle-income trading grew 26% in 2024,
Four Pillars, a leading Web3 research firm based in South Korea, has secured a significant Series A funding round. Pantera Capital and Further Ventures led the investment. This round values the company at 30 billion won, which equals approximately $21.9 million. The company aims to connect Asian markets with global financial systems. It also plans
New York, NY – January 22, 2025 – Digital asset management firm Grayscale has issued a stark warning about the growing trend of digital asset companies issuing preferred stocks. The firm specifically highlighted instruments like Strategy’s STRC, calling them a risky bet on Bitcoin’s price direction. Grayscale’s analysis suggests these preferred stocks carry a risk
The current week is shaping up to be the most important of the half-year for the crypto market. While Bitcoin and $XRP recorded ETF inflows in April, $2.44 billion and $81.63 million respectively, investors are facing a “perfect storm”. Macroeconomic data and seasonality factors may either confirm the digital assets’ appeal or erase the entire
$XRP-linked investment products swung back to inflows last week after shedding $56 million the week prior, as digital asset funds extended their winning streak for a fourth consecutive week. According to CoinShares’ new report, Bitcoin led $1.2 billion in crypto fund inflows as institutional demand strengthened ahead of the upcoming FOMC meeting, where the Fed
China has ordered Meta to unwind its more than $2 billion acquisition of AI startup Manus, escalating Beijing’s scrutiny of US investment in Chinese linked frontier technology companies. The National Development and Reform Commission said its foreign investment security review office would prohibit foreign investment in Manus and require the parties involved to withdraw the