SpaceX shares opened at $150 on Friday before rising to $162, marking a strong start to one of the most closely watched stock market debuts in recent years. The aerospace and satellite internet company priced its initial public offering at $135 per share on Thursday. SpaceX sold 555.6 million shares, raising $75 billion in what…
Latest developments: VanEck recently launched the first U.S. spot BNB ETF, trading under the ticker VBNB on Nasdaq. The fund gives investors exposure to BNB through traditional brokerage accounts. VanEck Director of Digital Assets Product Kyle DaCruz said the firm focuses on blockchains with measurable adoption rather than purely technical promises. The ETF has attracted…
One argument Bankman-Fried advanced was that the funds he misappropriated were in investments that would eventually grow. “As the district court recognized, any contention that Bankman-Fried lacked an intent to defraud because he intended to eventually repay his customers was legally misleading and prejudicial because the wire fraud statute encompasses temporary misappropriation of money or…
Ripple CEO Brad Garlinghouse called it “the moment” for the industry, saying the industry deserved “the same rules and protections as every other asset class.” Standard Chartered projected $4 billion to $8 billion in additional inflows into U.S. spot XRP exchange-traded funds if the bill passes. They have attracted roughly $1.4 billion since January, according…
The rest was scattered. ZachXBT traced more than $12 million to deposit addresses at the KuCoin exchange and about $8 million to instant swap services, which convert one coin into another quickly and often without identity checks. Another $8 million was moved off Tron onto the Bitcoin and Ethereum networks through Near Intents, a cross-chain…
The months of waiting have ended, and SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into the largest IPO in history. What happens next could ripple across financial markets, including crypto. One theory making the rounds is that recent outflows of over $5 billion from bitcoin BTC$63,637.23 ETFs, which…
Metaplanet (3350) acquired Siiibo Securities, a Tokyo-based Type I Financial Instruments Business Operator, in a deal valued at approximately 2.1 billion yen ($13.1 million), the Japanese bitcoin treasury company announced on Friday. Following the completion of the transaction, Siiibo Securities will become a wholly owned subsidiary, renamed Metaplanet Securities. The acquisition marks the first major…
The Bank of Japan is expected to raise its policy rate to 1% from 0.75% when its meeting concludes on June 16, the highest level since 1995, and to signal readiness to keep going. It puts the yen carry trade back in focus, which has tended to impact crypto markets. Since decades, a cheap yen…
Crypto traders, having seen bitcoin BTC$62,895.02, the largest cryptocurrency, bounce overnight to $64,000 from recent lows under $60,000, may be wondering whether the bottom has been hit and a fresh bull run has started. There is a simple signal to get that confirmation. Right now, it is saying the rebound has not started. That signal…
XRP bounced sharply from last week’s selloff, reclaiming $1.14 on its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February. The next test sits higher up, as every major recovery this year has stalled…
