Business – Page 428

Galaxy Digital (GLXY) price target rises across the street after record Q3 earnings

Galaxy Digital ( GLXY ) stock closed more than 8% higher on Tuesday after blowing out third-quarter earnings. The positive results prompted a number of brokers to raise their price targets on the share. The company led by Mike Novogratz posted a record quarter, fueled by a massive $9 billion bitcoin BTC$108,363.25 trading linked to […]

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Market Fears At 3-Month High As Zcash Emerges From The Shadows: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Sentiment in the crypto market is still undecided after bitcoins BTC$107,579.11 quickly reversing the early Tuesday rise to $114,000, and most altcoins mimicked the pop and drop. The CoinDesk 20 index is little changed over 24 hours, although gold’s rally stalled, raising hopes of rotation into

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Coinbase is building private transactions for Base, says CEO Brian Armstrong

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Coinbase is working on adding private transactions to its Layer 2 network base, CEO Brian Armstrong said in a post on X, adding more details will be shared in the near future. The Armstrongs said Coinbase’s March 2025 acquisition of the team behind Iron Fish, a blockchain project known for building privacy-preserving technologies, was part

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Crypto Prime Broker FalconX Buys ETF Provider 21Shares: WSJ

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Digital asset prime broker FalconX agreed to acquire crypto asset manager 21Shares, the Wall Street Journal reported on Wednesday. The deal, the terms of which were not disclosed, will allow FalconX to expand beyond market making and liquidity services to issue crypto exchange-traded funds (ETFs), a particularly widespread area of institutional cryptocurrency adoption. STORY CONTINUES

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XDC Network Acquires Contour to Expand Stablecoins and Tokenization in Trade Finance

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Layer-1 blockchain XDC Network’s venture arm said Wednesday it had acquired Contour Network, a digital platform designed for banks to streamline trade finance with blockchain rails. Contour was initially backed by major banks such as HSBC, Citi and Standard Chartered, but struggled to scale and was shut down at the end of 2023. Under XDC’s

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Hong Kong’s securities regulator approves First Solana ETF

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Hong Kong’s Securities and Futures Commission (SFC) has approved the territory’s first solana SUN$184.79 spot exchange-traded fund (ETF) expanding its crypto ETF offerings beyond bitcoin BTC$108,091.87 and ether ETH$3,852.02. The ChinaAMC Solana ETF (03460) will begin trading on the Hong Kong Stock Exchange on October 27 under three currency counters – HKD (3460), RMB (83460)

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Crypto Bulls, Bears Lose $300M Each As Bitcoin Rises To $113K, Then Dumps

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Bitcoins BTC$108,150.92 two-way price action is pushing both leveraged bullish and bearish plays, highlighting challenging market conditions for traders. In the past 24 hours, BTC’s price has traded back and forth between $107,000 and $113,000, wiping out about $600 million in market-wide bullish and bearish futures bets. The liquidation wave hit as traders reduced leverage

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Foundation to cease operations, Blockchain continues without core team

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The Kadena Foundation, the team behind the blockchain that was once launched as a scalable proof-of-work alternative to Ethereum, said it will cease all business activities and dissolve its organization, citing market conditions and an inability to sustain active development. The Kadena team is “no longer able to continue business operations and will cease all

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Jupiter DEX Kalshi Powered F1 Mexico Grand Prix Winner Prediction Market

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Jupiter, a Solana-based decentralized exchange (DEX), started a prediction market with the initial event tied to the outcome of the upcoming Formula One Mexico Grand Prix. The platform, powered by Kalshi, a leader in event-driven trading, invites fans and traders to speculate whether their favorite drivers, including Max Verstappen, Lando Norris, Oscar Piastri, George Russell

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Ripple Edges Higher at $2.4 as Volume Increases Above Weekly Average

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XRP is showing a modest gain amid a clear increase in trading activity, suggesting professional positioning ahead of critical resistance zones. News background XRP rose 0.7% over the past 24 hours to close near $2.43 as volume surged 12% above its weekly average. The muted price action comes as broader crypto markets consolidate following bitcoin’s

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