Bitcoin miner Hut 8 announced on Sept. 28 that it had closed a four-year, $1 billion senior secured credit line. The facility gives the parent company room to borrow during site development and to back construction obligations with letters of credit. Its securities filing says no amounts were outstanding when the agreement closed on Sept.
Avalanche Leads Tokenized Stock Growth as Solana Wins New Users Tokenized equities are starting to reveal two very different growth stories. Over the past seven days, Securitize’s SECZ added $132 million in market capitalization, almost 10 times more than the next-largest tokenized stock, according to the RWA Foundation. That single move helped push Avalanche to
For years the crypto industry had one apparent advantage over the stock market: while Bitcoin [BTC] never sleeps, stock exchanges have their opening and closing times. But what happens when stocks begin trading almost around the clock as well? TradFi is now chasing crypto’s 24/7 trading model The stock market model is now starting to
Market expectations that the Fed will raise interest rates again in October have significantly declined following comments by New York Fed President John Williams. Williams stated that there is “no need to rush” into a new monetary policy step, causing the probability of an October rate hike, as priced in by the markets, to fall
ChatGPT developer OpenAI is reportedly eyeing another $30 billion raise that could value it at $1.4 trillion, making it one of the world’s most valuable companies even before it goes public. Citing people familiar with the matter, Bloomberg reported Tuesday that OpenAI is in the early stages of discussions for the new funding round, with
Federal Reserve Board Governor Michael Barr has reiterated that the Fed may need to raise rates further to bring inflation down to its 2% target. This comes as crypto traders reduce their bets on a potential October Fed rate hike, which would be the second hike this year. More Than Just News Content, live market
Kalshi is considering a funding round of about $1 billion at a valuation near $40 billion, according to reports, as the prediction-market operator expands beyond event contracts. Sequoia Capital and Wellington Management are in talks to participate, while Tiger Global Management and Dragoneer Investment Group are also considering joining. The discussions remain ongoing, and the
The Federal Reserve’s stablecoin proposal would put a general two-business-day limit on redemption by issuers it supervises. For a customer holding stablecoins at an exchange, the first step is getting that venue to release or convert the balance. In a July 28 snapshot, researchers located $76 billion of stablecoins at centralized exchanges, where a customer
The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against structures designed to avoid taxable gains. The Treasury Department and IRS identified digital assets as one area where fund managers may be stretching tax provisions beyond their intended purpose, opening the door to additional rules or enforcement.
Bill Pulte, Donald Trump’s appointed Federal Housing Finance Agency director who oversees US mortgage giants Fannie Mae and Freddie Mac, has shaved off $4 billion in market cap from credit giant FICO with a single post to X. The government-backed mortgage giants will now price mortgages using VantageScore 4.0 on the same grid as FICO’s