First came the digital-asset treasuries—public companies that raised equity, bought crypto and watched their stock prices soar. It was a kind of financial alchemy: tap the stock market to buy tokens, then let the market reward you for holding them. Now comes the effort to scale that trade. GSR, a crypto market-maker, filed to launch…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…
Romain Costaseca | Afp | Getty Images Bitcoin edged higher on Tuesday as stocks fell and gold shot to a new record. The price of so-called digital gold rose as much as 2% to reclaim the $111,000 level after dropping over the weekend to a low last seen in July. Spot gold hovered around $3,500…
00:00 Speaker A You’ve been tracking this space closely. We just saw Ethereum touch a record high over the weekend. I mean, is this all just a risk on trade? What else is, is helping boost this asset class? 00:16 Speaker B Uh, look, as far as Ethereum’s concerned, uh, it is up 90% over…
Crypto investors are holding their breaths before Jerome Powell, chair of the Federal Reserve, speaks Friday in Jackson Hole, Wyoming. Bitcoin has dipped about 1% over the past 24 hours and almost 5% over the past week to around $112,000, according to data from Binance. Ethereum, the world’s second largest cryptocurrency, is also down 2%…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) maximalists typically call their coin “digital gold.” But Tom Lee, Fundstrat co-founder and now chairman of Bitmine Immersion Technologies Inc (NYSE:BMNR), is maximizing the potential of a different digital asset — Ethereum (CRYPTO: ETH). Lee’s…
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Idrees Abbas | Sopa Images | Lightrocket | Getty Images Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market. Among crypto exchanges, Coinbase and eToro fell more than 5% each, while…
Crypto exchange Bullish rocketed on Wednesday after the company raised about $1.1 billion in an initial public offering. The stock opened at $90 on the New York Stock Exchange, 143% above its IPO price of $37. Shares were then halted at around $102.44 per share. The Cayman Islands-headquartered company priced its IPO early Wednesday far above…
CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city. The licence, issued on Monday, allowed CMBI to engage in a variety of…
In just the past month, stablecoin has moved from the fringes of cryptocurrency into the heart of mainstream finance. Hong Kong enacted its stablecoin ordinance, creating a regulatory framework to legitimise and support the issuance of stablecoins, while US lawmakers discuss similar legislation aimed at fostering large-scale stablecoin adoption. Meanwhile, stablecoin issuer Circle Internet Group…