Good Morning, Asia. Here’s what’s making news in the markets: BTC is pinned near $111,000 with volatility compressed to multi-month lows, the kind of calm that tends to precede decisive moves. Traders know what could break the lull: September’s U.S. inflation data and the Fed’s rate decision a week later. Prediction markets are leaning heavily
GameStop’s second-quarter numbers are out, and they barely moved the needle. The company pulled in $972.2 million in net sales for the quarter ending August 2. That’s up from $798.3 million last year in the same quarter. The reason? A small lift in hardware sales, enough to tick the total revenue higher, but nothing major.
Figure Technologies and Gemini are the latest crypto-native firms looking to replicate the cryptocurrency sector’s initial public offerings (IPOs) success of earlier listings like Circle and Bullish, riding on a wave of renewed investor confidence and regulatory clarity. Kraken, Grayscale, and BitGo also have upcoming IPOs, as investors continue to show a sustained appetite for
Key Takeaways Nakamoto has made its largest single investment, committing $30 million to Metaplanet. This investment marks Nakamoto’s first entry into the Asian market, specifically in Japan. Nakamoto has committed $30 million to invest in Metaplanet, marking its largest single investment to date and its first entry into the Asian market. Metaplanet, which operates in
Crypto transactions are now “more active than ever,” and Belarusians are spending billions of U.S. dollars’ worth of cryptocurrency abroad, their president has admitted. Alexander Lukashenko made the remarks in front of his country’s leading bankers, mere days after urging officials to catch up with the industry in terms of adopting adequate rules. Lukashenko notes
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A crypto company plots a US public listing (yes, again). And one wading deeper into the space is likely to benefit from an “index effect” that boosts visibility and demand. This is a follow-up of sorts to the crypto public listing
The financial world is abuzz with a significant declaration from BlackRock’s Chief Investment Officer. An urgent call has been made, urging the Federal Reserve to implement a substantial 50 basis point reduction in interest rates as early as next week. This bold push for Fed rate cuts, initially reported by Watcher.Guru, is sending ripples across
In a significant move that highlights the growing embrace of digital assets by traditional companies, LineKong, a prominent entity listed on the Hong Kong stock exchange, has publicly disclosed its substantial LineKong crypto holdings. This announcement offers a rare glimpse into how established firms are integrating cryptocurrencies into their financial strategies, signaling a potentially transformative
Tether’s head of global strategy, Marco Dal Lago, highlighted a key use case for stablecoins at the Upbit Developer Conference in Seoul – a real-world fix for slow, expensive international money transfers. He noted that USDT is already a major tool for remittances in many countries, allowing users to bypass traditional banking delays, especially on