Ondo Finance has held onto its title as the largest tokenized ETF issuer by market capitalization, according to data highlighted by crypto analytics commentator @tokenterminal, even as Binance’s bStocks and xStocks close in as the next biggest names in the sector. The update lands at a curious moment for Ondo Finance, which is still adjusting
Bernstein analysts have maintained an outperform rating on Bitcoin miner Cipher Digital, keeping a price target of $32 per share even after the company’s stock fell 15.7% following the disclosure of a wider second-quarter loss. The research firm noted that the three contracted AI data center projects are progressing as planned, which underpins their confidence
Large cryptocurrency holders are accumulating Bitcoin ($BTC) and Ether ($ETH) as valuations approach levels associated with the final stage of a bear market, according to CryptoQuant. Rising whale balances during price weakness can reduce available supply and concentrate ownership among larger holders, the blockchain analytics company said in its latest Smart Money report seen by
Bitcoin ($BTC) stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs. Key points: Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks. Bitcoin sees a second day of lackluster performance against US stocks as the S&P 500 builds on all-time highs. China in
Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period. That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter. Revenue at $8.7 billion was down 15% from $10.2 billion
S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund. The ratings provider assigned an “AAAm” rating to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) on Monday, citing the creditworthiness of its investments and counterparties, its maturity structure and management’s ability to maintain a stable net asset
While expectations regarding the Fed’s September interest rate decision lack a clear direction, forecasting markets and leading Wall Street banks are pricing in different scenarios. According to forecasting market data, investors are almost equally divided between the Fed keeping rates unchanged and raising them by 25 basis points. In the forecasting markets, the probability of
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital asset infrastructure unit with about 300 employees. The transaction was first announced in February, when the companies agreed to combine their regulated crypto businesses and expand their services for banks, brokers
Hi readers, Welcome to our institutional newsletter, Crypto Long & Short. This week: In a follow-up to his essay on sizing crypto risk, Gregory Mall of Lionsoul Global backtests bitcoin in a 60/40, asking not what to own, but how much you can survive holding. Top headlines institutions should pay attention to by Francisco Rodrigues
Strategy’s (MSTR) perpetual preferred stock, Stretch (STRC), has risen more than 30% from its June low. It is currently trading around $94, after gaining another 1% on Wednesday. STRC bottomed in late June around $71 as bitcoin fell below $60,000. Since then, Strategy has sold 5,226 $BTC for $321 million across three separate transactions, reducing