The global credit market just issued $61 billion in dollar-denominated bonds, reflecting strong investor appetite for lower borrowing costs. At least nine Asian investors were marketing notes in USD. Asian borrowers and issuers flocked to the market, including Sumitomo Financial Group and Mitsubishi UFJ Financial Group of Japan. These issuers, among eighteen others, sold their
Telegram lost access to $500M in financing after a bond was frozen under Western sanctions against Russia. Despite Telegram’s global presence, its ties to Moscow are still affecting its business. Telegram has issued multiple bonds, including emissions to cover previous debt. The company holds regular buybacks and has bought most of its debt maturing in
Crypto and AI-based initial public offerings last year reportedly dragged down the performance of all US public debuts to fall behind the tech-heavy index S&P 500. Shares of all companies that went public last year, not including closed-end funds and blank-check companies, gained 13.9% on a weighted average basis, underperforming the S&P 500’s comparative 16%
According to SoSoValue data, Bitcoin spot ETFs experienced strong fund inflows. Total daily net inflows were recorded at $697 million, with BlackRock’s IBIT ETF, the market leader, accounting for a significant portion of this figure. IBIT saw a net inflow of $372 million in a single day, bringing the fund’s historical total net inflow to
Trading platform Infinex has changed the terms of its public token sale after raising just about $600,000 over the first three days, drawing criticism from traders who said the move benefited well-positioned wallets. Infinex is a noncustodial crypto trading platform that aims to simplify access to DeFi and cross-chain markets through a centralized exchange-style interface.
Binance cryptocurrency exchange’s investment arm, YZi Labs (formerly Binance Labs), has accused BNC’s (CEA Industries) board of directors of failing shareholders, obstructing reforms, and drifting towards a loss of strategic direction. In a statement released on social media, YZi Labs said the company is reviewing BNC’s recent actions from a legal and corporate governance perspective.
Major public US crypto companies rallied double-digits on Monday after a crypto market rally that saw major tokens hit multi-week highs. Crypto infrastructure platform Bakkt (BKKT) led Monday’s gains with a nearly 31.5% rise, and climbed nearly 5% after the bell to $15.52. Bitcoin (BTC) treasury company Kindly MD (NAKA) was among the top five
As Bitcoin rose above $94,000 on Monday to the highest price seen in the past 30 days, crypto stocks jumped, too. Bitcoin traded as high as $94,634 on Monday and was recently trading for $94,103 after rising more than 3% over the last 24 hours, according to crypto price aggregator CoinGecko. Monday’s high was just
The MSTR stock price jumped by nearly 4% on Monday as Bitcoin continued its comeback and as Strategy accelerated its accumulation and shareholder dilution. Summary MSTR stock price rebounded as Bitcoin moved above $92,000. The company continued its Bitcoin accumulation last week. Technical analysis suggests that the stock has more downside. Strategy, formerly known as