Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown. Consumer prices rose a bit more than expected August, according to CPI data released Thursday by the
Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising $787.5 million through an initial public offering alongside existing investors, according to a press release. The New York-based firm, which uses a blockchain-based platform to facilitate lending outside its traditional scope, sold 31.5 million
Crypto-related stocks including Galaxy Digital (GLXY), Circle Internet (CRCL) and Bitfarms (BITF) posted double-digit gains on Thursday as bitcoin BTC$114,156.05 rose the highest since mid-August. Galaxy, a digital asset investment and data center conglomerate led by Mike Novogratz, added 12%. The company was a lead investor in Forward Industries’ $1.65 billion fundraising closed today to
Russia’s central bank intends to permit funds to invest in derivatives based on crypto assets, a representative of its management has indicated. The goal is to admit management companies to the growing market, as currently only brokers provide qualified investors with access to such instruments. Bank of Russia to give funds access to cryptocurrency derivatives
SharpLink Gaming’s co-CEO is pushing back on concerns that the crypto treasury trend will negatively impact the industry, telling Decrypt that it will not be the black swan event that drags down the crypto market this cycle, akin to the FTX collapse of the past. Rather, the recently appointed leader for the publicly traded company—which has
The world of corporate finance is witnessing a significant shift, and a recent announcement from a US-listed company is set to add more fuel to this evolving landscape. Mogu Inc. (NYSE: MOGU), a prominent player listed on the New York Stock Exchange, has unveiled an ambitious plan: a substantial Mogu crypto investment of up to
Changpeng Zhao, the founder and former chief executive officer of the world’s largest exchange, Binance, has taken to his official X account to comment on the news of the Indian rupee crashing against the US dollar. CZ shared his hot take on what is happening with the global economies at the moment, hinting that crypto
Strategy’s (MSTR) bid to join the S&P 500 index was rejected, despite meeting technical eligibility criteria, in what JPMorgan (JPM) calls a sign of growing caution toward companies that function as de facto bitcoin BTC$114,120.44 funds. The index committee’s discretionary decision is a setback not only for Strategy but for the growing number of corporate
Bitcoin bounced back from Tuesday’s low of $110,714 and topped $114,000 Thursday morning, reaching its highest level since August 24, per CoinGecko data. Its price movement comes as U.S. spot Bitcoin ETFs notched inflows of $757.1 million Wednesday, per SoSoValue, an eight-week high. In total, U.S. ETFs have accumulated $1.39 billion worth of Bitcoin in