The yen is trading near its weakest level in four decades, and Japanese companies are moving crypto onto their balance sheets to escape it. SBI VC Trade said on Tuesday that corporate demand for bitcoin and XRP is increasing as the currency’s decline pushes companies to diversify reserves beyond cash, with the exchange’s registered accounts […]
Japan’s collapsing yen is pushing companies into bitcoin and XRP Read More »
Bitcoin BTC$62,677.57 and the broader cryptocurrency market came under pressure on Tuesday after the US and Iran exchanged airstrikes, sending the dollar higher. BTC, the leading cryptocurrency by market cap, fell to $62,657 in Asian hours, down nearly 1% since midnight UTC, according to CoinDesk data. Ether (ETH), XRP (XRP) and solana (SOL) fell between
Major tokens under pressure as US attacks Iran Read More »
Something was wrong at the Olympic Stadium in Berlin. It was a chilly Saturday evening in January. German fans of the football club Hertha Berlin lined up to buy beer from the taps. But the beer was not German. The stadium had replaced its domestic brew, Beck’s, with an American import, Budweiser. Fans seemed surprised.
Germans don’t love Budweiser. It doesn’t take no for an answer. Read More »
“There is no major negative fundamental catalyst that we can see,” Dorman said. “These kinds of big moves are common after SPACs because the entire investor base shifts from interest-oriented SPAC buyers to new, fundamentally-driven, long-term equity owners.” SPAC merger tickers are often volatile in their early days of trading. These vehicles raise money first
Securitize (SECZ), BlackRock’s tokenization partner, slips 40% after SPAC debut Read More »
Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate tax base, according to SBI VC Trade, as the crypto exchange’s registered accounts passed 2 million. The crypto arm of financial group Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as
Bitcoin, XRP drag Japanese firms as weak yen drives treasury diversification Read More »
Kraken, the cryptocurrency exchange that plans to go public in the United States, is pursuing a full banking license in Europe, focusing on Lithuania as the jurisdiction to secure it, according to a person familiar with the plans. If the company gets the license, Kraken would be the only crypto exchange to have such a
Crypto exchange Kraken is trying to become a bank in Europe Read More »
EDX Markets, an institutional cryptocurrency trading platform, said it raised $76 million in a Series C funding round led by SBI Holdings. The company plans to use the funds to develop new products and grow internationally. EDX operates an institutional-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model
EDX Markets raises $76 million in Series C funding round led by SBI Holdings Read More »
“To meet President Trump’s goal of ensuring the United States is the crypto capital of the world, we are embracing innovation to bring more products onshore, creating clear rules for capital raising with crypto assets, and providing clarity on how market participants can handle and facilitate on-chain trading of tokenized securities,” Atkins said in a
Tokenized stocks posted record trading activity in June as investors piled into blockchain-based versions of SpaceX ( SPCX ) shares following the airline’s blockbuster IPO. On-chain trading volume rose 145% from May to $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. Tokenized SpaceX stock accounted for $1.19 billion of the total,
SpaceX IPO powers record $3.86 billion in tokenized stock trading in June Read More »
The AI trade, which incorporates semiconductors and memory stores, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology ( MU ) and Sandisk ( SNDK ) came under heavy pressure Tuesday after Samsung Electronics (
