Allied Gaming is making its move as institutional crypto adoption accelerates. The company invested in Bitcoin and Ethereum, citing a shifting regulatory environment as a key factor enabling its new digital asset strategy. Summary Nasdaq-listed Allied Gaming added BTC and ETH to its treasury for the first time. Shares jumped over 100% following the crypto
The Russian market for crypto investment products is likely to amount to a couple of trillion rubles next year, predicted a prominent member of Russia’s crypto space. The forecast comes after Moscow took a series of steps in the past months to organize and regulate this segment of its digital economy, still strictly reserved for
Rick Rieder, a senior executive at BlackRock Inc., has emerged as a likely candidate to take over the position after Fed Chair Jerome Powell’s term expires in May. Treasury Secretary Scott Bessent held a two-hour meeting with Rieder in New York yesterday, according to an official familiar with the matter. The meeting focused on monetary
The world of decentralized finance is buzzing with exciting news: prediction market leader Polymarket is making headlines with a monumental new funding round. This development signals a significant leap forward for the platform, which is now reportedly valued at an astounding three times its previous assessment. This substantial Polymarket funding is set to reshape the
The big upside action in major cryptos of late has been in altcoins such as solana SOL$240.86 and dogecoin DOGE$0.2717, with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens. Mostly forgotten
Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares immediately jumped above their initial offering price. The Winklevoss twins-founded firm’s stock opened at $37.01 apiece, a 32% increase compared to its upped IPO price of $28, according to Yahoo Finance. That initially gave Gemini a $3.32
Shares of Gemini (GEMI) opened at $41 a share on the Nasdaq Global Select Market on Friday, rising 45% from last night’s IPO price. The crypto exchange, which is run by Tyler and Cameron Winklevoss, priced its IPO at $28 a share, valuing the company at around $3.3 billion. It had sold 15.2 million shares,
JPMorgan Chase US chief economist Michael Feroli said he expects the Fed to cut interest rates by 25 basis points next week. Feroli noted that some members wanted a larger rate cut, but none favored leaving rates unchanged. He also noted that the Fed’s dot plot projections are expected to project another rate cut after
Solana surged 5.5% on Friday and hit a daily peak above $241—the highest price seen since late January, as SOL gets a bullish boost from institutional interest. Forward Industries, a Nasdaq-traded design firm that serves medical and technology companies, announced earlier this week it had inked a $1.65 billion private investment in private equity, or