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By Vicky Ge HuangTwenty One Capital, a bitcoin treasury company backed by stablecoin giant Tether and Japan's SoftBank Group, plunged on its first day of trading.The stock, which trades under the ticker XXI, was down 24% Tuesday morning.The company debuted on the New York Stock Exchange after comple…
By Michael SincereS&P 500 at 5,700? Bitcoin at $80,000? Trader Jeffrey Bierman says the market is running on fumes and 'FOMO.'The stock market could face a correction as early as this month - one that could last through the end of the year.'When gold outpaces the stock market this dramatically, it s…
By Angus BerwickThe investor craze for boosting public companies' shares by loading them up with crypto is getting stranger.A tiny sports company that owns a portfolio of obscure soccer teams, including squads in Mozambique and Mongolia, said Thursday it had raised $300 million from investors to acc…
By Kelly CloonanShares of Mega Matrix declined after the company said it completed a $16 million private placement to expand into the stablecoin industry.The stock slid 31% to $2.39 on Thursday. Shares are up 70% this year.The holding company, which operates streaming platform FlexTV, said Thursday …
Investors are increasingly turning to bitcoin as a way to diversify their portfolios, eToro analyst Lale Akoner says. The S&P 500 is skewed towards big tech stocks, particularly Nvidia, with few defensive stocks. Long-dated Treasurys used to be in demand as a diversifier but have recently come under…
By Dean SealShares of MEI Pharma hit a 52-week high after the company said a $100 million private placement will be used to adopt the cryptocurrency Litecoin as its treasury reserved asset.The stock was up 52% at $6.84 in early trading on Friday. Shares have more than doubled in the past 52 weeks.Th…
By Kelly CloonanBitcoin Standard Treasury has agreed to merge with a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald to bring its bitcoin treasury public.BSTR said Thursday the deal includes a total private placement of up to $1.5 billion, including $400 million in…
By Natalie WegerSonnet BioTherapeutics shares climbed after the oncology-focused biotechnology company said it entered into an agreement to become a public cryptocurrency treasury company.Shares more than doubled to $13.50 on Monday. Shares were up 78.5% over the past year.Sonnet BioTherapeutics, wh…
By Denny JacobColumbus Circle Capital will combine with bitcoin-native financial services firm ProCap BTC.Columbus Circle is a special-purpose acquisition company sponsored by a controlled subsidiary of Cohen & Co.The combined company will operate as ProCap Financial, described as a bitcoin-treasur…
By James RogersThe videogame retailer has proposed a $1.75 billion bond dealGameStop Corp. late Wednesday said it plans to raise more debt - a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.The Texas-based company (GME) announced the p…
By Frances YueBitcoin bulls have long been frustrated to see the crypto trade in a fashion similar to stocks and other assets perceived as risky, rather than as a store of value such as gold. Now, some think they see tentative signs of a shift.They've argued that bitcoin (BTCUSD), as a decentralized…
Olli Rehn, an ECB policymaker, said that the U.S. administration must be encouraged to avoid leveraging "unnecessary and very harmful" tariffs on Europe through a negotiations solution. "The simple conclusion is that we should aim at a negotiated solution," said the Finnish central bank governor…