Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May. Meanwhile, Blockchain.com is preparing for an initial public offering (IPO) at a potential $6 billion valuation, well below the $14 billion
Hong Kong stocks suffered a sharp sell-off on Friday. The Hang Seng Index fell 2.6% as investors reacted to surging global bond yields and new pressure on major financial and technology shares. The Hang Seng closed at 23,972, down roughly 640 points and at its lowest level since July. The Hang Seng China Enterprises Index
$BNB Chain has become the first blockchain to cross $1 billion in tokenized stocks and exchange-traded funds (ETFs). The market capitalization of the tokenized stocks and ETFs rose around 17% to $3.35 billion in September from $2.87 billion in August, according to Token Terminal data. The sector’s market cap on $BNB Chain stood at $1.1
Bitcoin ($BTC) spiked past $87,000 on Friday as US jobs data missed expectations. Key points: Bitcoin tapped $87,200 but failed to make new multi-month highs as overhead resistance held. September US nonfarm payrolls came in below expectations at 29,000, while the August and July figures were revised lower. Analysts saw further $BTC price upside on
Bitcoin treasury companies built primarily around buying the cryptocurrency may struggle to compete with Michael Saylor’s Strategy, according to economist and “The Bitcoin Standard” author Saifedean Ammous. “I don’t see a compelling case for going to another Bitcoin treasury company other than Michael Saylor’s Strategy,” Ammous said on the latest episode of Cointelegraph’s Proof of
Perpetual futures, proposed by economist Robert Shiller in 1993 and commercialized by the crypto industry, are now being considered by Wall Street for products like the VIX, the stock market’s so-called fear gauge. Cboe is exploring perpetual futures on the VIX, still early, with no contract specs or filing, according to Bloomberg. The VIX Index
The leading cryptocurrency, Bitcoin, got off to a strong start in October. After being stuck in the $82,000–$85,000 range at the end of September, $BTC broke above this consolidation zone and rose to levels around $86,900. At this point, the analytics company Makrovision shared its latest assessment of Bitcoin. According to this assessment, the company
The “Uptober” frenzy is taking off across the market. From a technical point of view, $BTC’s 42% Q3 rally is already positioning for a better Q4. For $BTC, Q4 has historically been one of its strongest quarters, with an average quarterly ROI in excess of 70%. However, for history to repeat itself, October will be
Citi raises its Strategy price target to $240 from $136 as a higher Bitcoin forecast and expected mNAV expansion strengthen its MSTR outlook. Citi has raised its price target for Strategy (MSTR) to $240 from $136 while keeping a Buy rating on the stock. The revision follows the bank’s higher Bitcoin forecast, with Citi now