For most of the past 12 months, it’s been better to own bitcoin (BTC) than Strategy (formerly MicroStrategy) stock. Indeed, over the past 250 trading days through yesterday’s close, MSTR has underperformed BTC 90% of the time. Although founder Michael Saylor promotes his common stock as a leveraged play on BTC — and BTC has
Nasdaq-listed Forward Industries (FORD) said Thursday it has closed the $1.65 billion private investment in public equity (PIPE) deal to build out corporate crypto treasury centered on Solana SOL$225.17. The cash and stablecoin commitments, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will fund the company’s plan to anchor its balance sheet in Solana’s
The world of digital assets is constantly evolving, and sometimes, even the most promising partnerships take new directions. Recently, a significant development in the crypto custody space caught the attention of industry observers: the joint venture between Zodia Custody and SBI Holdings is reportedly winding down after two years. This news marks a pivotal moment
Story Highlights Stablecoins like USDT and USDC are quietly buying U.S. Treasuries as foreign demand declines. Tom Lee compares stablecoins to a mini debt system, supporting America’s $35 trillion liabilities. A future Fed CBDC could reshape monetary policy, directly managing accounts and stimulating economy. Can digital dollars help patch America’s $35 trillion debt hole? According
Robinhood Markets (NASDAQ: HOOD) CEO Vlad Tenev built a $90 billion financial empire, but wealth was never the driving force behind his mission to upend traditional Wall Street gatekeepers. “When I started the company, I was worth nothing,” Tenev said during a Bloomberg Wealth interview. “But things haven’t changed very much for me, as it
Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press
The world of finance is rapidly evolving, with digital assets taking center stage. In a significant move highlighting this shift, AM Management, a leading provider of artificial intelligence-based quantitative solutions, recently announced a pivotal investment from Woori Financial Group’s Dino Lab Fund. This strategic backing underscores the growing confidence of traditional financial institutions in advanced
Goldman Sachs CEO David Solomon has shot down the notion that the US Federal Reserve will cut interest rates by 50 basis points in September, just days after Standard Chartered Bank made the aggressive forecast. “Whether or not we have a 50 basis cut, I don’t think that’s probably on the cards,” Solomon said during
Key Takeaways The SEC is close to approving ETF share classes for mutual funds, signaling a potential major industry shift. 65-70 mutual fund firms, managing trillions in assets, are preparing to launch ETF share class versions of their products. The Securities and Exchange Commission is close to approving ETF share classes for mutual funds, with