Digital asset treasury companies will eventually consolidate under a few larger players as the cycle matures and companies try to attract investors, according to Coinbase’s head of investment research, David Duong. Speaking to Cointelegraph, Duong said outside of strategies to boost share prices, “companies may start to pursue mergers and acquisitions, much like the recent
While a recent wave of corporate digital asset treasuries is starting to show signs of a bubble, the long-term outlook is positive, according to TON Strategy CEO Veronika Kapustina. “I think, look, obviously, it looks like it’s a bubble. As in, all the indicators look like it’s a bubble,” Kapustina told Cointelegraph during the Token2049
Elon Musk officially became the first person in history to hit a $500 billion net worth on Wednesday, beating out every other billionaire alive. The number was confirmed at 3:30 p.m. Eastern by Forbes’ Real-Time Billionaires tracker, making Elon $150 billion richer than Oracle co-founder Larry Ellison, who now sits in second place after temporarily
Prediction markets made a significant appearance in the spotlight in September, with monthly volume more than doubling to $4.28 billion, while memecoin trading on Solana cooled. The question now circling crypto’s risk-taking corners is whether these markets are becoming the new trenches for degens hunting edge and adrenaline. Prediction markets rise Across the prediction market
ARK Invest CEO and Chief Investment Officer (CIO) Cathie Wood made remarkable statements on many topics, from global markets to US inflation, from the cryptocurrency industry to initial public offerings (IPOs), during the Bloomberg ETF IQ program on Bloomberg TV. Answering questions from Katie Greifeld, Eric Balchunas, and Scarlet Fu, Wood painted an optimistic picture
Bitcoin adoption and ongoing regulatory developments in the crypto space will play key roles in how markets for the world’s largest digital currency fare as October unfolds, according to multiple analysts. The cryptocurrency has been fluctuating between $110,000 and $120,000 since late September, according to Coinbase data from TradingView. Regulatory reform affecting the crypto space
SINGAPORE — The most important story in crypto right now is tokenization and it’s coming fast to disrupt traditional finance, according to Robinhood CEO Vlad Tenev. Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “freight train” barreling toward the heart of traditional finance. “Crypto and traditional finance have been living
Investors expecting U.S. Securities and Exchange Commission approvals for a range of exchange-traded funds tracking various altcoins will have to wait longer, as the partial government shutdown lingers. The regulator said that it would “not review and approve applications” for products or provide other “non-emergency support to registrants” during the closure, as outlined in a contingency operations
Key Takeaways REXShares’ new ETF would give direct exposure to BitMine Immersion Technologies through an actively managed equity strategy. The filing does not include leverage, focusing instead on growth and income from BMNR shares. REXShares has filed with the Securities and Exchange Commission to launch the BitMine Growth and Income ETF, an actively managed fund