Upexi (UPXI), a Nasdaq-listed crypto treasury firm focused on solana SOL$124.15, filed to raise as much as $1 billion in a shelf registration with the U.S. Securities and Exchange Commission (SEC), The move gives the company the flexibility to raise capital by selling common stock, preferred shares, debt instruments, warrants or units in one or…
APT declined on heavy volume as the CoinDesk 20 index fell 2.8%. Source link
Russia’s central bank laid out a proposed framework that would legalize and regulate cryptocurrency trading for both individuals and institutions, continuing its softening stance toward cryptocurrencies. However, it continues to caution that investing in crypto carries risks, including potential losses. “They are not issued or guaranteed by any jurisdiction and are subject to increased volatility…
As fears mount that the artificial intelligence (AI) bubble has popped, Wall Street dealmaking is being kept alive by a fundamental problem: bitcoin BTC$87,650.10 miners and data center developers still require serious amounts of power. “M&A work is still ongoing as people still need power,” said Joe Nardini, head of investment banking at B. Riley…
JPMorgan’s (JPM) reported plan to offer crypto trading to institutional clients could reshape the competitive landscape, but not necessarily at the expense of its rivals. According to analysts, the Wall Street giant’s entrance may benefit existing players like Coinbase (COIN), Bullish (BLSH), and Galaxy Digital (GLXY) even as it signals stiffer competition ahead. “If JPMorgan…
Bitcoin BTC$87,475.61 has disappointed investors this year, trailing both gold and the tech-heavy Nasdaq 100 stock index, despite expectations that it would benefit from fiat currency devaluation. But according to a VanEck manager, the largest crypto asset could be setting up for a major comeback next year. “Bitcoin is lagging the Nasdaq 100 Index by…
Aave’s community members and participants have become sharply divided in recent weeks over control of the protocol’s brand and related assets, intensifying an ongoing dispute over the relationship between the decentralized autonomous organization (DAO) and Aave Labs, the centralized developer firm that builds much of Aave’s technology. The debate has drawn outsized attention because it…
Bitcoin led crypto markets lower Tuesday, down by about 1% over the past 24 hours to just below $88,000. The decline came even as gold, silver and copper all surged to record highs (though have pulled back a bit in Tuesday afternoon trade). U.S. stocks are ahead modestly, the Nasdaq gaining 0.45%. Crypto-related stocks were…
The International Monetary Fund (IMF) praised El Salvador’s stronger-than-expected economic growth in a statement on Monday. The update notably did not include previous IMF suggestions that El Salvador would be putting on hold its strategy of accumulating bitcoin BTC$87,916.40, something that country — under the leadership of President Nayib Bukele — has continued to do…
The second-largest cryptocurrency exchange by trading volume, Bybit, said it will begin restricting access to its services for residents of Japan next year as part of an effort to comply with the country’s financial regulations. The company did not specify which services would be affected, but said impacted users will receive further communication as the…
