SpaceX plans to price its initial public offering at $135 a share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the US Securities and Exchange Commission. The aerospace company plans to sell 555.6 million shares as part of the […]
SpaceX Aims Record $75 Billion IPO As Bitcoin’s Treasury And Liquidity Risks Draw Focus Read More »
Grayscale said Wednesday it launched a Hyperliquid (HYPE) exchange-traded product (ETP) with the lowest fee among its U.S.-listed competitors, escalating a price war in one of crypto’s newest and fastest-growing ETF categories. The asset manager announced the Grayscale Hyperliquid Staking ETF (HYPG) on Nasdaq, revealing a 0.29% sponsorship fee and confirming the ticker HYPG. The
Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether (ETH), is staring at nearly $9 billion in losses as the token’s drop below $1,800 drags down the value of its huge treasury. Shares in the company led by Tom Lee fell another 5.9% on Wednesday, falling below $17 and extending their decline to 28%
ETH Falls Below $1,800, Leaves Tom Lee’s Bitmine (BMNR) With $8.9 Billion Paper Loss Read More »
At some point, the advancement of the crypto sector’s top policy priority – the Digital Asset Market Clarity Act – becomes an insurmountable mathematical problem, with not enough time left in the US Senate’s work calendar to allow passage. But the bill has now been formally offered to the Senate calendar, and industry lobbyists are
Bitcoins BTC$65,685.04 recent struggles to rise in tandem with U.S. stocks have sparked a flurry of explanations, from concerns about Michael Saylor’s ( MSTR ) strategy in selling bitcoin to questions about whether institutional demand is starting to fade. Charles Schwab Director of Research and Strategy for Digital Currencies Jim Ferraioli sees a simpler explanation:
Bitcoin is not going down because of Saylor, it is losing the momentum trade Read More »
Another crypto-focused political action committee, Defend Developers PAC, has joined the fray of campaign finance operations that have put the industry on the political map in recent years. The new entrant will not compete with the sector’s leading super PAC, Fairshake, nor is it expected to scale the mid-level committees that include the Fellowship PAC
IREN ( IREN ) shares rose more than 4% in premarket trading on Wednesday after the company announced plans for an 800 megawatt data center campus in South Australia, marking its first major Australian data center project. The agreement ensures a high-voltage grid connection capable of supporting up to 800MW of power to the campus
share gain on new AI data center Read More »
Kraken’s parent company brings one of Wall Street’s most coveted opportunities to crypto investors: buying into IPOs at the same price as institutional investors. Payward, the parent company of the crypto exchange, said on Wednesday that it will “soon” allow clients of Kraken and other members of its xStocks Alliance to participate in US-listed initial
Kraken parent plans to offer tokenized IPO as investors await SpaceX, Anthropic debut Read More »
A monthly research report from Bitwise’s European arm published this week pegs bitcoin’s theoretical “fair value” at around $224,000 if the asset was widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team described the figure as a “model-implied illustrative figure, not a price target or forecast,” however. The figure stems from
This model puts bitcoin’s fair value at $224,000 Read More »
Welcome to our institutional newsletter, Crypto Long & Short. This week: Alex Tapscott on the shutdown of the CLARITY Act and how it affects the average American consumer. Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them. Top headlines institutions should be aware of by Helene Braun
What about the American consumer? Read More »
