News
The company’s Solana stack is now worth almost $98 million. The firm’s stock price is up 2,733% year-to-date.
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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.
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The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
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USDC transactions on BitPay accounted for almost double that of USDT in 2024, but the trend has shifted in favor of Tether this year.
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A finance industry trade group says tokenized stock offerings shouldn’t get a Securities and Exchange Commission exemption but instead go through the “notice and comment process.”
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Centrifuge partners with S&P Dow Jones Indices to launch the first tokenized S&P 500 Index fund, enabling programmable onchain index-tracking products.
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Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe.
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More than 60 tokenized stocks are now live on Kraken, Bybit and Solana DeFi via Backed Finance’s xStocks.
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Michael Saylor’s Strategy now holds 597,325 BTC, purchased for about $42.4 billion at an average price of $70,982 per coin.
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While seeing Circle as well-positioned in the market, JPMorgan analysts warned that competition is a potential threat to the stablecoin issuer.
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Gemini says Strategy (MSTR) is its only tokenized stock for now, with more tokenized stocks and ETFs launching in "the coming days."
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A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall?
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UK-based The Smarter Web Company has made a multimillion-dollar raise just days after it purchased $20 million worth of Bitcoin to bring its holdings to over 540 BTC.
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US stock futures have hit record highs, fueling analyst predictions that Bitcoin could soon break past resistance to hit a new price peak.
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CoreWeave’s previous takeover bid for Bitcoin miner Core Scientific was rejected for being too low.
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The crypto mining firm will additionally sell its own stock to purchase more ETH for its treasury.
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