PayPal stock price has staged a strong comeback in the past few weeks as investors went bargain-hunting. PYPL also jumped as investors priced in a potential acquisition. It rose to $50 on Wednesday, its highest level since February this year. PayPal stock has soared amid bargain hunting The ongoing PYPL stock surge has coincided with
Across two record-breaking days this week, Strategy’s 11.5% dividend-paying preferred stock, STRC, likely raised more than $1.2 billion and could even have raised as much as $2.7 billion. Whatever the figure, it was enough to trigger popular crypto YouTuber Coffeezilla to take the STRC controversy mainstream. The volatile, quasi-pegged STRC is the subject of intense
South Korean tech company Naver and Upbit operator Dunamu said in a corrected filing that their planned share swap includes forming an initial public offering (IPO) committee for Naver Financial within one year of closing, outlining a path toward a future listing. The disclosure, outlined in the corrected filing on Wednesday, said the companies would
A review of more than 150 major crypto protocols shows that disclosure of market-making arrangements is almost nonexistent, despite their central role in token trading. The research, conducted by crypto advisory company Novora, found that fewer than 1% of protocols disclose any terms related to market makers. Across the full dataset, only one protocol, decentralized
On Thursday, April 16, data compiled by defillama.com indicates the stablecoin sector has now surpassed the $320 billion threshold, following $2.54 billion in inflows recorded over the past seven days. Key Takeaways: Defillama.com data shows stablecoins hit $320.007B on Apr. 16 after $2.54B in 7D inflows. Tether’s $USDT holds 57.96% ($185.463B), down 2.5%, as Circle’s
The bear market that has been ongoing since October has driven both retail and institutional investors out of the market. However, the recent surge in Bitcoin (BTC) and altcoins has injected renewed momentum into the market, and according to Japanese giant Nomura, 80% of institutions appear willing to invest in cryptocurrencies. According to a recent
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2083.34, down 0.2% (-3.93) since 4 p.m. ET on Wednesday. Twelve of 20 assets are trading higher. Leaders: DOT (+7.1%) and APT (+4.0%). Laggards: ETH (-1.3%) and AAVE (-1.1%).
A potential SpaceX IPO continues to capture investor imagination, with expectations that the company could seek a valuation of up to $2 trillion. The company has reportedly filed confidentially with the U.S. Securities and Exchange Commission (SEC), and its prospectus could be unveiled in late May. Given that the IPO is expected to outshine even