Wall Street trading giant Citadel has committed $600 million across two competing crypto exchanges, Crypto.com and Kraken, as both firms push into tokenized markets that bridge traditional finance and digital assets. The investment underscores growing institutional interest in tokenization, a fast-emerging sector where real-world financial instruments are
A Bitcoin treasury company's new preferred share offering, BTC PREF, has struggled to find buyers despite promising an indicated cash yield above 10%. Nearly half of the shares reportedly went unsold ahead of trading, which is expected to begin July 20. The preferred shares are priced at SEK
Japanese financial conglomerate SBI Holdings has expanded its regional footprint by acquiring a majority stake in Coinhako, a Singapore-based cryptocurrency exchange, following approval from the Monetary Authority of Singapore (MAS). The regulatory sign-off allowed the transaction to proceed, giving SBI control over one of Singapore's established
The Coinbase premium, a metric comparing Bitcoin's price on the US-based exchange against global venues, has remained negative for a record 60 consecutive days, signaling persistently weak demand from American investors. Bitcoin fell toward $63,000 amid the trend, with the move coinciding with a broader sell-
Drawing a parallel between two commodity-linked investment vehicles, Bloomberg ETF analyst Eric Balchunas suggested Bitcoin ETFs could follow gold's historical trajectory of steep rallies followed by significant declines. He compared BlackRock's IBIT, which recently crossed the $100 billion mark, to the SPDR Gold Shares fund
Japanese financial services conglomerate SBI Group is scaling its regional cryptocurrency footprint through acquisitions and strategic partnerships across Asia. The company announced the consolidation of Singapore-based exchange Coinhako, strengthening its presence in one of the region's key digital asset markets. Alongside the move, SBI revealed a tokenization
Escalating geopolitical risks drove a broad flight from risk assets, pulling Bitcoin under the $63,000 mark. U.S. military strikes on Iran, combined with renewed trade friction between Washington and Beijing after fresh charges from President Trump, spurred the sell-off across markets. Despite the price drop, analysts point
Just over a month after SpaceX raised $85.7 billion in the largest IPO in history, its newly listed shares have fallen below the $135 offering price for the first time. Data from Yahoo Finance shows SPCX shares dropped to a post-listing low of $132.28 on Wednesday, marking
Crypto.com has raised $400 million from Citadel Securities, a deal that pegs the exchange's valuation at $20 billion. The investment from the prominent Wall Street market-making firm signals deepening ties between established financial players and the digital asset industry. Citadel Securities, known for its role in
JPMorgan analysts point to Strategy's expanded cash reserves and strengthening institutional demand in bitcoin futures as positive indicators for the cryptocurrency's near-term outlook. The bank noted that Strategy, one of the largest corporate holders of bitcoin, has bolstered its liquidity position, which analysts interpret as
Established asset manager T. Rowe Price has entered the digital asset space with a new exchange-traded fund offering investors exposure to Bitcoin and other cryptocurrencies. The launch reflects a broader trend of traditional financial institutions expanding their crypto-related product offerings amid growing client demand for regulated access to
Citadel Securities, the market-making firm founded by Ken Griffin, has committed $400 million to Crypto.com in what the exchange describes as its first institutional funding round, valuing the company at $20 billion. The capital injection signals growing convergence between traditional financial giants and cryptocurrency platforms, as established Wall