Crypto infrastructure provider BitGo’s (BTGO) shares jumped as much as 20% on Wednesday after the company announced a $50 million share buyback program to support a stock that has struggled since its public debut earlier this year. The initiative allows the company to repurchase up to $50 million of its common stock, about 8% of
Federal Reserve Chair Kevin Warsh is heading the central bank’s two-day policy meeting, concluding this afternoon, with investors looking beyond the interest-rate decision itself for clues about how he plans to reshape the central bank. Markets are fully expecting the Fed to leave its benchmark fed funds rate range unchanged at 3.50%-3.75%. Bank of America,
Most people holding Strategy’s 11.5% dividend-paying STRC, are making a strange bargain with the company; that on monthly snapshot days, the stock will trade near the company’s intended $100 share price. In between those dates, however, STRC invariably wanders downhill. Indeed, it closed yesterday at $91.79, 8.2% below its target. Strategy persuades buyers to take
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1774.43, down 1.5% (-26.19) since 4 p.m. ET on Tuesday. Four of 20 assets are trading higher. Leaders: UNI (+2.5%) and XLM (+2.3%). Laggards: BCH (-3.1%) and ADA (-2.8%).
SoFi Technologies, Inc. (NASDAQ: SOFI) Chief Executive Officer Anthony Noto has extended his 2026 buying streak in his own company’s stock. On June 16, Noto acquired 13,888 shares at a weighted-average price of $18.0578, deploying roughly $250,787, according to a Form 4 filed with the U.S. Securities and Exchange Commission (SEC), analyzed by Finbold on
Global markets, including cryptocurrency markets, were focused on the US-Iran agreement being signed on Friday. However, with the details of the agreement unclear, markets exhibited mixed performance, and today all eyes are on the US Federal Reserve’s (FED) interest rate decision. Accordingly, the Fed will announce its interest rate decision for June today, followed by
For more than 135 years, the Kanoo family, one of Bahrain’s wealthiest families, has helped build the Gulf’s entire commercial infrastructure. The family, with a net worth of up to $6 billion, owns businesses spanning shipping, logistics, travel and finance. Abdulla Kanoo, one of the heirs to this 135-year-old dynasty, is now involved in crypto.