European digital asset fund manager CoinShares on Monday announced plans to go public on the Nasdaq in the United States. St Helier, Jersey-based CoinShares, which manages around $10 billion in assets, said it had entered into an agreement with blank-check company Vine Hill Capital Investment Corp. in a transaction valuing CoinShares at $1.2 billion pre-money
The crypto market is in the green zone again, according to CoinStats. BTC/USD The price of Bitcoin (BTC) has increased by 1.35% since yesterday. On the hourly chart, the rate of BTC has made a false breakout of the local resistance of $112,775. However, if the daily bar closes around that mark or above it,
Michael Saylor, executive chairman at Bitcoin treasury firm Strategy, recently addressed the recent S&P 500 snub, predicting that the leading Bitcoin treasury firm will eventually be able to join the much-coveted stock market index. Saylor does not think that there is “bias” against crypto, adding that he did not actually expect Strategy to be added
Ethereum is still far from its goal of becoming a ‘one trillion chain’, but it remains the L1 network with the most significant share of the crypto business. Based on recent data, Ethereum apps hold over $330B in user deposits. Ethereum’s apps signal significant on-chain activity, as they become the L1 with the largest share
Bitcoin’s supply–demand balance narrowed further last week as corporate treasuries captured a dominant share of new issuance. Last week, two publicly traded firms, Strategy and Tokyo-listed Metaplanet, purchased more than $230 million worth of BTC. According to their separate announcements, their combined acquisitions, totaling 2,091 BTC, represented about two-thirds, or 66%, of all coins produced
Key Takeaways Chainalysis has expanded its XRP Ledger functionality with automatic token recognition. This enhancement will allow better tracking and identification of tokens on the XRP Ledger network. Chainalysis has expanded its blockchain analytics support for XRP Ledger (XRPL), adding automatic recognition for over 260,000 tokens on the network, including fungible, non-fungible, and multi-purpose tokens,
Key Takeaways Upbit, South Korea’s largest crypto exchange, is launching a blockchain network called ‘Giwa’ chain. This move signifies Upbit’s entry into blockchain infrastructure development, expanding its business beyond exchange services. Dunamu, the company behind South Korea’s leading crypto exchange Upbit, is rumored to be developing a new blockchain project under the name GIWA, according
Key Takeaways Kazakhstan’s president has urged the creation of a national Bitcoin reserve. The plan, driven by the National Bank’s investment arm, would accumulate strategic crypto assets central to financial innovation. Kazakhstan’s leader, Kassym-Jomart Tokayev, is pushing for the quick establishment of a “full-fledged” digital asset ecosystem, including a state-administered crypto reserve, Akorda Press, the
Stocks gained on Monday as Wall Street continued to bet that the Federal Reserve will cut interest rates this month. Summary S&P 500 and Nasdaq rose as stocks began the week largely in the green. Wall Street will be keen on two important inflation reports this week. Investors are optimistic as they eye Federal Reserve’s
Strategy (formerly MicroStrategy), along with the rest of the crypto treasury industry, got spooked last week after Nasdaq issued new rules about selling stock to buy digital assets. Unlike traditional enterprises that aim to profit by selling goods or services, crypto treasury companies primarily buy crypto on leverage by selling corporate debt, equities, and derivatives.