Finance

A collection of 187 posts

Finance

Ark Invest Snaps Up $11.5 Million in Coinbase Shares Amid Crypto Market Dip

Cathie Wood’s Ark Invest didn’t blink on Monday, diving in to buy $11.5 million worth of Coinbase shares as the crypto exchange’s stock took a 17.6% nosedive in a wild market session. The haul? A tidy 52,753 shares ($9.4 million) for the Ark

Finance

Strategy Aims to Raise $21 Billion Through Preferred Stock to Expand Bitcoin Holdings

In a bold financial maneuver that has caught the attention of both cryptocurrency enthusiasts and traditional investors alike, Strategy – the company that rebranded from MicroStrategy – has unveiled plans to raise up to $21 billion by selling its 8% Series A perpetual preferred stock. According to documents filed with the Securities

Finance

Canary Capital Reportedly Registers Sui ETF Entity in Delaware

A new filing in Delaware's official registration portal suggests that investment firm Canary Capital may be preparing to launch another cryptocurrency exchange-traded fund (ETF), this time focused on the Sui blockchain token. According to records, an entity named "Canary Sui ETF" was registered on March 6,

Finance

Silicon Valley Venture Firm Foundation Capital Raises $600 Million for 11th Fund

Foundation Capital, a veteran Silicon Valley venture capital firm, announced Wednesday it has raised $600 million for its 11th fund, marking a significant expansion of its investment strategy in cryptocurrency, fintech, and artificial intelligence. The 30-year-old firm has built a reputation for backing startups at the earliest stages of development,

Finance

Saylor’s Strategy Raises $2 Billion in Convertible Bond Sale to Fuel Bitcoin Purchases

Strategy, the Bitcoin-focused investment firm led by Michael Saylor, has successfully raised $2 billion through a convertible debt offering, further bolstering its mission to expand its Bitcoin holdings. The proceeds from the bond sale will be used for strategic investments, including additional Bitcoin acquisitions, according to a Thursday statement. Convertible

Finance

Franklin Templeton Introduces Tokenized U.S. Treasury Fund to European Market

Franklin Templeton, a prominent global asset manager, has expanded its tokenized U.S. Treasury fund to European institutional investors. The Franklin OnChain U.S. Government Money Fund, now domiciled in Luxembourg, is the first of its kind in the region to invest in U.S. government securities through full tokenization.

Finance

Standard Chartered, Animoca Brands, and HKT to Launch HKD-Backed Stablecoin

Standard Chartered’s Hong Kong branch has partnered with Animoca Brands and Hong Kong Telecommunications (HKT) to launch a stablecoin pegged to the Hong Kong dollar (HKD). The collaboration marks a significant step in positioning Hong Kong as a leader in the regulated digital asset space. A Strategic Alliance for

Finance

Crypto Funds Face $415 Million in Outflows Amid Hawkish Fed Signals and CPI Data

The streak of five consecutive weeks of inflows into crypto investment products from major asset managers like BlackRock, Fidelity, and Grayscale ended with $415 million in net outflows, according to CoinShares data. Why the Outflows? CoinShares Head of Research James Butterfill attributed the shift to: * Fed Chair Jerome Powell’s

Finance

Abu Dhabi Sovereign Wealth Fund Invests $437 Million in BlackRock’s Spot Bitcoin ETF

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has purchased $436.9 million worth of BlackRock’s spot Bitcoin ETF (IBIT), marking a significant investment into digital assets, according to a Friday SEC filing. Strategic Investment Tied to BlackRock’s Expansion The investment occurred shortly after BlackRock obtained a

Finance

China’s Gaorong Ventures Invests $30 Million in Hong Kong Crypto Unicorn HashKey Group

Gaorong Ventures, a prominent Chinese venture capital firm, has invested $30 million into HashKey Group, the operator of Hong Kong’s largest licensed crypto exchange. The deal values HashKey at a post-money valuation of approximately $1.5 billion, signaling growing institutional interest in the crypto sector despite regulatory hurdles in

Finance

Barclays Discloses $131 Million Stake in BlackRock’s Bitcoin ETF Amid Growing Institutional Interest

Barclays, the global investment bank and financial services giant, has revealed a significant new position in BlackRock’s U.S. spot Bitcoin exchange-traded fund (ETF), IBIT. According to its Q4 2024 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 2,473,064 shares valued at

Finance

Hashdex Launches First U.S. Crypto ETF Offering Exposure to Bitcoin and Ether

Hashdex Asset Management Ltd., a prominent global crypto-focused asset manager, has introduced the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on the Nasdaq Stock Market. This marks the first multi-asset spot crypto exchange-traded product available to U.S. investors, providing direct exposure to both Bitcoin (BTC) and Ether (ETH) through

Finance

Coinbase Reports Surging Profits and Revenue Amid Trump-Inspired Crypto Rally

Coinbase Global Inc. has reported a significant surge in revenue and profit for the fourth quarter of 2024, attributing the growth to a renewed interest in digital assets following the Trump-inspired crypto market rally. Record-Breaking Financial Performance The company’s revenue soared to $2.27 billion, far exceeding the $1.

Finance

U.S. Producer Prices Rise More Than Expected in January, Adding Pressure on Inflation

Inflationary pressures at the wholesale level accelerated more than anticipated in January, raising concerns among investors and policymakers hoping for a slowdown in price growth. The Producer Price Index (PPI)—which measures price changes from the perspective of sellers—rose 0.4% in January, exceeding economist expectations of 0.3%

Finance

Robinhood's Crypto Trading Explodes: $70 Billion Volume, Up 400% in Q4

Robinhood, the popular commission-free brokerage, has reported a staggering 400% year-over-year increase in crypto trading volume, reaching $70 billion in Q4 2024. The surge reflects a renewed interest in digital assets amid Bitcoin’s rise to $100,000 and heightened market activity ahead of the U.S. presidential elections. Crypto

Finance

Franklin Templeton Expands FOBXX Fund to Solana in Latest Blockchain Integration

Franklin Templeton, a leading asset manager making significant strides in crypto and blockchain technology, has announced the expansion of its Franklin OnChain U.S. Government Money Fund (FOBXX) to Solana. This move marks the latest blockchain integration for FOBXX, reinforcing the firm's commitment to tokenized investment products. FOBXX:

Finance

Goldman Sachs Expands Bitcoin ETF Holdings to $1.5 Billion in Q4 2024

Investment banking giant Goldman Sachs has significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs), boosting its total holdings to $1.5 billion by the end of Q4 2024, according to its latest 13F filing submitted Tuesday. Goldman Sachs Doubles Down on Bitcoin ETFs As of December 31, 2024,

Finance

KULR Technology Expands Bitcoin Holdings with $10 Million Purchase, Reaching 610 BTC

KULR Technology Group has strengthened its Bitcoin treasury strategy with the acquisition of an additional 100 BTC for approximately $10.4 million. The purchase, made at an average price of $103,905 per Bitcoin, was disclosed in an 8-K filing with the Securities and Exchange Commission on Tuesday. With this

Finance

Understanding Crypto Liquidity: Pools, Mining, Risk, and Why It's Crucial for You

Crypto Liquidity Explained: Why It Matters and How It Works Ever tried to buy a rare item, only to find no one selling it, or tried to sell something unique and found no buyers? That's a problem of liquidity – or rather, a lack of it. In the world

Finance

BlackRock Boosts Stake in Strategy to 5% Amid Growing Bitcoin Exposure

Story Protocol, an a16z-backed Layer 1 network focused on intellectual property (IP) management, has revealed its tokenomics model for its native token. The announcement, made on Friday, comes ahead of the platform’s anticipated mainnet launch, originally scheduled for last year. According to a company statement, the native token will

Finance

BlackRock Bitcoin ETF May Get "In-Kind" Redemptions, SEC Reviewing Proposal

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal that could change how BlackRock's popular spot Bitcoin exchange-traded fund (ETF) operates. The proposal, filed by Nasdaq on behalf of BlackRock, seeks to allow "in-kind" redemptions and creations, a move that could potentially streamline

Finance

MicroStrategy Rebrands to "Strategy", Expects $12.75B Bitcoin Accounting Boost

MicroStrategy, the business intelligence firm turned Bitcoin-holding powerhouse, has rebranded itself as simply "Strategy," reflecting its singular focus on Bitcoin accumulation. The company is also poised to see a massive $12.75 billion boost to its balance sheet thanks to new accounting rules that allow for the recognition

Finance

Crypto Exchange Bullish, Backed by Peter Thiel, Eyes IPO Amid Market Optimism

Bullish Global, a cryptocurrency exchange operator backed by prominent investors like billionaire Peter Thiel, is considering an initial public offering (IPO) as soon as this year, according to people familiar with the matter. The company, known for its ties to blockchain software firm Block.one, is working with Jefferies Financial

Finance

Healthcare Tech Firm Semler Scientific Invests $88.5M More in Bitcoin

Semler Scientific, a Nasdaq-listed healthcare technology company, has significantly increased its Bitcoin holdings, purchasing an additional 871 BTC for approximately $88.5 million. This latest acquisition brings the company's total Bitcoin holdings to 3,192 BTC, reflecting a growing trend of corporate adoption of Bitcoin as a treasury

Finance

Coinbase Urges U.S. Bank Regulators to Clarify Crypto Rules, End "Debanking" Practices

Coinbase, a leading U.S. cryptocurrency exchange, is escalating its efforts to address what it calls the "debanking" of the crypto industry. In a letter to top banking regulators, Coinbase is demanding clearer guidelines on how banks can engage with crypto firms, arguing that current practices are stifling