Business – Page 332

Kraken brings crypto-style, 24/7 perpetuals trading for tokenized US stocks

Crypto exchange Kraken is launching what it calls the first regulated perpetual futures contracts based on tokenized stocks, the firm told CoinDesk. Available to qualified non-U.S. users in more than 110 countries, the products track digital versions of major U.S. stocks, indices and a gold ETF built on the tokenized stock offering of xStocks, which […]

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Crypto exchange giant Binance revives tokenized stock trading with Ondo Finance

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Binance, the world’s largest crypto exchange by trading volume, is returning to offer tokenized shares nearly five years after shelving a similar product under regulatory pressure. The exchange has teamed up with tokenization specialist Ondo Finance to list 10 tokenized US stocks, ETFs and commodity-related products on the Binance Alpha platform, the companies said in

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BTC near a bottom in price, but bulls will have to be patient

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Bitcoin is exhibiting textbook bottoming characteristics across several indicators, trading at levels that historically precede significant recoveries, according to prominent onchain analyst James Check. However, time — not price — is likely the biggest test for bitcoin bulls. “Every mean reversion pattern, from technical to onchain trades within bottom formation levels, typically seen after the

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Cipher Digital (CIFR) lowers premarket after revenue miss, bets big on hyperscale future

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Cipher Digital ( CIFR ) shares fell about 5% in premarket trading after the company reported fourth-quarter results that missed Wall Street expectations and highlighted its shift away from bitcoin BTC$63,036.25 mining and towards high performance data centers (HPC). The company, formerly known as Cipher Mining, reported fourth-quarter revenue of $60 million, below analysts’ estimates

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BTC Price Falls Near $63,000 As Pippin’s Rally Shows Speculative Skim Remnants: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) While bitcoin BTC$63,267.23 and other major tokens remain under pressure, an AI-generated memecoin shines on the Solana blockchain. Pippin (PIPPIN), which started as a ChatGPT-generated unicorn image and evolved into an autonomous AI agent that interacts on social media platforms, is up 135% over the past

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Bitcoin Moves Towards $60,000 As Traders Prepare For Potential Washout: Crypto Markets Today

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Bitcoin BTC$63,205.72 fell for a fourth straight day to around $63,100, the lowest since Feb. 6’s $60,200, CoinDesk data shows. The latest move to the downside coincides with risk-off sentiment from investors across global markets. US stocks have lost ground this week, with the dollar index (DXY) up 0.5% since Asian hours on Monday. BTC

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Step Finance closes operations after $27 million hack in January

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Decentralized finance (DeFi) portfolio tracker Step Finance said it will wind down operations with immediate effect. The Solana-based platform was the subject of a hack in late January where 261,854 SOL, worth around $27 million at the time, were stolen. Step said it was unable to secure a viable outcome following the hack after it

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Canaan expands US mining operations with acquisition of Cipher’s Texas JV stake

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Canaan Inc. ( CAN ), a maker of bitcoin mining hardware and a crypto mining infrastructure operator, said it bought a 49% equity stake in a joint venture linked to several mining projects in West Texas from Cipher Mining ( CIFR ) for $39.75 million in stock. The transaction covers Cipher’s stake in ABC Projects,

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RedotPay stablecoin payments firm said to be considering $1 billion IPO in New York: Bloomberg

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RedotPay, a Hong Kong-based stablecoin payments upstart, plans to raise more than $1 billion in a US initial public offering (IPO) that could value it at over $4 billion. Sources close to the matter told Bloomberg that the company, which achieved unicorn status last September, has tapped banking heavyweights such as JPMorgan, Goldman Sachs and

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BTC, ETH, SOL, XRP extend losses as AI scare trading unsettles risk markets

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Macro jitters from a burgeoning AI-disrupted trade are compounding crypto-native weaknesses, with majors posting 8-11% weekly losses across the board. Bitcoin fell to around $62,900 on Tuesday, down 2.1% on the day and 7.5% on the week, extending an abrasive move lower that has so far refused to produce either a clean break or a

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