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,
The relationship between Intellistake and PowerBank is centered on the transformation of traditional energy systems into a tokenized product. At the moment, Intellistake and PowerBank are conducting an analysis of the regulatory framework required for tokenization. Intellistake Technologies Corp. (CSE: ISTK) (OTC: ISTKF) (FSE: E41) – “Intellistake” or the “Company” – presents an announcement on
Robinhood’s (HOOD) strong second-quarter earnings Wednesday evening have prompted Wall Street to raise its expectations for the stock, but the modest boosts suggest the group believes much upside has been priced in. Shares are trading slightly higher Thursday morning at $106.50. Citi, which lifted its price target to $120 from $100, continued with a neutral
Over the past year and a half, the world’s largest financial institutions have doubled down on building the ‘connective tissue’ linking trad-fi to the blockchain. Unlike the hype cycles of 2017 or 2021, which saw market volatility hit an all-time high, current evolutionary trends are being shaped behind the scenes via avenues like tokenization pilots,
On Jul. 21, 2025, Strategy offered yet another perpetual preferred stock. It’s called Stretch. It was introduced less than two months after the launch of another Strategy’s perpetual, Stride. Two other perpetuals are Strike and Strife, launched in January and March, respectively. It’s important to realize how different these stocks are and what their differences
TACEO announced that it has completed a $5.5 million seed funding round led by Archetype VC, which included a16z and other major firms. What will the funds be used for? Summary The startup behind World’s iris-scanning encryption software has completed a $5.5 million seed funding round. World’s iris-scanning verification has received backlash from several countries
Cryptocurrency is becoming a financial planning priority, with 99% of chief financial officers at billion-dollar firms expecting to use it for business in the long term, according to Deloitte’s Q2 2025 survey of CFOs. The survey, conducted among 200 CFOs at companies with over $1 billion in revenues, revealed that 23% expect their treasury departments