Nasdaq-listed Fundamental Global (FGF) is rebranding to FG Nexus and entering the digital asset space with a $200 million private placement to launch an ether-based treasury strategy, the company said in a press release Wednesday The offering, composed of 40 million prefunded warrants priced at $5, was backed by a slate of high-profile strategic investors,
An early Telegram and toncoin TON$3.3254 user received a $25 million offer for the instant-messaging app’s @crypto username on Wednesday, Telegram CEO Pavel Durov said in a post on the messaging system. The username was acquired for just $350,000 in 2023 and the holder of the username recently said: “If these can’t be taken away
Bitcoin, Ethereum, XRP, and other major cryptos slumped on Wednesday morning ahead of the Federal Open Markets Committee’s monetary policy decision. Investors seem overwhelmingly sure the U.S. central bank will keep interest rates unchanged, according to the CME FedWatch Tool, which shows a 97% probability that the U.S. central bank will hold. Federal Reserve Chair
VERT Capital, a Brazilian credit structuring and securitization firm, plans to tokenize up to $1 billion in debt and receivables on the XDC Network XDC$0.09804 , expanding the scope of public blockchain use in structured finance, the firms told CoinDesk. As part of the deal, the firms will move financial instruments such as corporate debt,
James Wynn, one of the high-profile traders on Hyperliquid, deposited a total of $1.28M to Hyperliquid to defend his positions during a turbulent month, and lost almost all of the funds to liquidations. James Wynn kept defending risky positions on Hyperliquid, costing him a total of $1.28M for the past month. During the market turbulence
According to Reuters, the Indonesian Ministry of Finance announced that the tax rate on cryptocurrency transactions will be increased starting August 1. According to new regulations from the Indonesian Ministry of Finance, cryptocurrency transactions will be taxed starting August 1, and transactions made on overseas exchanges will be taxed at a higher rate. The tax
The volume of crypto asset transactions in Kyrgyzstan has reached $7 billion, according to the head of the nation’s state-controlled investment agency. The official announced the figure at a meeting with the top U.S. representative in his country, during which cryptocurrency was among the main topics. The news comes after recent reports indicating the former