The sharp decline in the cryptocurrency market has also significantly impacted the balance sheets of companies that stand out with their institutional treasury strategies. According to the data, Strategy, led by Michael Saylor, incurred total losses exceeding $12.4 billion in its Bitcoin portfolio, while Bitmine, headed by Tom Lee, saw losses surpassing $10 billion in
Securitize, the tokenization specialist backed by BlackRock, moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC). The agency declared Securitize’s registration statement for its proposed combination with Cantor Equity Partners II
Rumble just landed the biggest customer deal in its history. The company signed a $270 million multi-year cloud agreement with Together AI for dedicated GPU capacity powered by NVIDIA HGX Blackwell B300 systems. Rumble’s stock surged 7% in premarket trading following the announcement. Advertisement What the deal actually involves Together AI, a company focused on
SpaceX is swinging for the fences. The aerospace company founded by Elon Musk has set its sights on raising $75 billion in what would be the largest initial public offering in history, with plans to list on Nasdaq under the ticker SPCX as early as mid-June. The company intends to sell 555.6 million shares at
Morgan Stanley Wealth Management has partnered with Galaxy Digital on a referral program that enables eligible clients to lend cryptocurrency in exchange for shares of spot crypto ETPs, including the Morgan Stanley Bitcoin Trust. The offering is intended to help clients integrate digital assets into traditional investment portfolios more efficiently. Through the arrangement, Morgan Stanley
A Thai-regulated digital asset manager just made it easier for investors across Asia to buy into Injective without navigating unregulated crypto exchanges. Merkle Capital’s new M-$INJ fund is the first regulated investment vehicle in Asia built exclusively around the $INJ token. The fund, which launched on June 4, is supervised by Thailand’s Securities and Exchange
Bitcoin tumbled below $60,000 on Friday, breaking the lows of the early February crypto crash and reaching its weakest level since October 2024. The largest cryptocurrency is down nearly 20% in just the past week, and now has lost more than 52% since its October peak above $126,000.. Several headwinds have converged over bitcoin recently
While the spot price of Bitcoin ($BTC) is engaged in a sideways battle around $60,900, on-chain data is providing investors with a crucial roadmap. According to Bitcoinsistemi.com’s on-chain data, the Realized Price, which represents the average cost basis for all investors in the market, is currently at $53,700. Bitcoin: Realized Price What is the Actual
The cryptocurrency market started June with a very sharp correction. Bitcoin ($BTC), which had been trying to hold its ground and turn upwards for weeks, is bleeding dry due to successive selling pressure in recent days. The leading cryptocurrency, which quickly fell to the $60,400 mark, dragged the altcoin market along with it, causing a
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 1681.25, down 4.8% (-84.48) since 4 p.m. ET on Thursday. All 20 assets are trading lower. Leaders: BTC (-2.8%) and BNB (-2.9%). Laggards: ICP (-14.6%) and NEAR (-14.3%). The