Shares of Nasdaq-listed fashion company Mogu soared on Thursday after the company announced it was buying digital coins Bitcoin, Ethereum, and Solana with its spare cash. China-based MOGU was recently trading about 76% higher at $4.40 after soaring at one point to over $7 per share. The share price has been largely stuck below $5 since
Arthur Hayes, co-founder of BitMEX and one of the most recognizable names in the cryptocurrency world, has a net worth estimated between $200 and $400 million. Arthur Hayes, co-founder and former CEO of BitMEX, a pioneer in the cryptocurrency derivatives market, remains a key figure in the industry, both for his perpetual swap product and
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
A wave of corporate blockchain networks is gathering on the horizon, promising faster stablecoin payments and smoother adoption. The long-awaited vision of companies embracing blockchain tech seems to be finally taking shape, but not in the way many crypto veterans expected. Payments giant Stripe, backed by crypto VC firm Paradigm, is building its own Layer
Bitcoin’s role in financial markets is changing, and there are some numbers that make this very clear. Michael McGlone, a Bloomberg Intelligence strategist, pointed out that as of Sept. 10, the 48-month correlation between Bitcoin and the S&P 500 reached 0.5598, its highest point on record. To put it simply, the leading cryptocurrency is now
All top 10 coins are again in the green zone, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 1.54% since yesterday. Despite today’s rise, the price of BTC is going down after a false breakout of the local resistance of $114,462. If the daily bar closes around the support, there is
According to Arkham, a wallet that had not been used for over 13 years, suddenly transferred some of its balance, showing that some of the biggest crypto fortunes were made back when Satoshi Nakamoto was still online. The address received 312 BTC in 2012, at an average price of $12.22 per coin. At that time,
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
The recent surge in upside liquidity appears to suggest that Bitcoin (BTC) might be up for another monster short squeeze. At the time of writing, the cryptocurrency is trading at over $113,934, with nearly $16 billion in leveraged short positions across Binance, Bybit, and OKX exposed, according to the latest data from CoinGlass retrieved on