This Friday, the shares of US cryptocurrency exchange Coinbase hit a new record high for the first time since the company’s initial public offering (IPO) that took place in early 2021. Its shares reached a new intraday high of $433 earlier today, with the company’s market cap swelling to nearly $110 billion. Coinbase’s previous record
The dollar index, which tracks the U.S. dollar’s value against a basket of fiat currencies, has seen a notable bounce following its worst six months in decades. Analysts, expected further gains in the short-term, but ruled out a full-blown bullish trend. The DXY has gained 1.40% to 98.30, bouncing off the three-year low of 96.37,
There’s speculation about when the Fed will resume its interest rate cuts, which have been on hold since January. At this point, the majority of Fed members expect the first rate cut of the year to occur in July or September at the latest. Speaking recently, Fed member Christopher Waller stated that he wants to
LD Capital Founder Jack Yi believes UNI has the potential to reach new highs as it follows Bitcoin and Ethereum’s lead in the bullish rally. The asset is the third largest in the company’s balance sheet. In a recent post, the LD Capital founder highlights the characteristics that make Uniswap’s (UNI) native token a strong
By Francisco Rodrigues (All times ET unless indicated otherwise) While bitcoin BTC$118,738.05 is pretty much back to where it was 24 hours ago, ether (ETH) and XRP XRP$3.2394 extended their gains after the House of Representatives passed the first major crypto regulatory initiative in the U.S. even though the legislation is aimed at stablecoins. It’s
A growing number of public companies are buying altcoins like ether (ETH), Solana’s SOL (SOL), and XRP XRP$3.2394 as part of a broader treasury strategy modeled after high-profile Bitcoin acquisitions, according to a new report from Animoca Brands Research. Titled Altcoin Strategic Reserves, the report explains how companies are using financial engineering tools—such as convertible
In a significant move poised to reshape its future, The Smarter Web Company (SWC), a prominent UK-based web development firm, has announced an ambitious accelerated bookbuild to raise a minimum of £15 million. This strategic capital injection is set to propel the company into its next phase of expansion, signaling robust confidence from institutional investors
In a significant development for the intersection of Web3 and traditional industries, Blockskye, a pioneering force in blockchain-based travel infrastructure, has just announced a remarkable achievement. The startup has successfully closed a Series C funding round, raising an impressive $15.8 million. This substantial investment not only underscores the growing confidence in blockchain’s real-world applications but
Global interest in de-dollarization has grown, but tangible progress remains limited due to political and strategic constraints. VALR co-founder Badi Sudhakaran argues that USD-based stablecoins may prove more effective than the AU initiative known as PAPSS for cross-border payments. Dollar’s Enduring Appeal Challenges De-Dollarization Efforts In recent years, the discourse surrounding de-dollarization has intensified, capturing
The financial world is constantly evolving, and the line between traditional banking and the burgeoning cryptocurrency sector is blurring faster than ever before. In a landmark move that signals a significant shift in the landscape, Shinhan Bank, a titan among South Korean financial institutions, has officially launched a dedicated crypto page within its popular SOL