News
Backed and Kraken’s xStocks sees rapid growth as investor interest in blockchain-based equities accelerates despite regulatory uncertainty.
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Stocks News
In the realm of finance, stocks represent ownership shares in a company and provide investors with a stake in its assets and earnings. Publicly traded stocks are bought and sold on stock exchanges, reflecting the company’s performance and investor confidence.
The concept of stocks in the cryptocurrency world translates into different tokens or digital assets that stand in for ownership in blockchain-based platforms or projects. These cryptocurrency tokens, which are frequently a part of decentralized finance projects, give their owners dividends or the ability to vote on the project’s outcome.
Additionally, initial public offerings have found their counterparts in the crypto world through initial coin offerings (ICOs) and security token offerings (STOs). ICOs allow crypto startups to raise funds by offering their native tokens to investors. Similarly, STOs issue security tokens, representing ownership in the company and adhering to regulatory guidelines. A notable example is Coinbase, a prominent cryptocurrency exchange that went public through a direct listing, allowing traditional investors to participate in the crypto market indirectly.
- Markets News
Bitcoin fell to new weekly lows at $101,300 as US equities and gold rallied ahead of the key vote to end the US government shutdown, signaling a shift in investor sentiment toward traditional assets.
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Shares in Gemini slumped after the company reported losses in its third-quarter results, largely due to the costs associated with going public.
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BitMine’s massive ETH accumulation accelerated last week, adding 110,288 Ether to its $12.5 billion treasury as it targets 5% of the total supply.
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Trump Media’s first earnings report after starting its Bitcoin buys shows it scooped up $1.3 billion, with the company saying it plans to buy more.
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The latest crypto downturn is hammering companies that built their business models around holding digital assets.
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The company continues to offer corporate debt securities and equities to finance its Bitcoin acquisitions despite recent troubles.
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Bitcoin’s slide toward $100,000 accelerates as ETF outflows, weak earnings and macro uncertainty rattle traders, leaving bulls hesitant to reenter the market.
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Robinhood Markets’ crypto revenue jumped over 300% in Q3, helping to double its revenue from last year to surpass analyst expectations.
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Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.
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Forward Industries, which has accumulated more than $1 billion worth of Solana, saw its share price plunge Tuesday morning.
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Michael Saylor’s Strategy has filed to offer euro-denominated shares in its latest push to raise capital for more Bitcoin.
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The partnership will place key FTSE Russell and Russell index data on blockchains, expanding public access to reliable market information.
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Nasdaq has reprimanded TON Strategy for its $272.7 million Toncoin purchase and PIPE deal, citing missed shareholder approval.
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Strategy’s third-quarter net income was down from its record $10 billion in Q2, but still lifted its shares after the bell.
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