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Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance.A string of regulatory wins under a pro-crypto Whit…
GameStop is continuing to shift its focus away from core store operations, even though it logged better sales in the second quarter, Baird analysts say. The video-game retailer is doubling down on its commitment to move toward becoming a bitcoin treasury company, despite a 22% jump in revenue aided …
Bitcoin edges higher following a rally in U.S. stocks overnight as weak jobs data reinforce expectations for imminent interest-rate cuts by the Federal Reserve. Friday's U.S. nonfarm payrolls report came in worse than expected. The Bureau of Labor Statistics on Tuesday also revised its data for the …
By James RogersVideogame retailer and original meme stock GameStop reports second-quarter results after market close TuesdayGameStop reports second-quarter results after market close on Tuesday.GameStop Corp. is set to report second-quarter results after the market closes on Tuesday, with the origin…
Bitcoin rises to its highest in one week ahead of key U.S. jobs data at 1230 GMT as markets bet on the Federal Reserve resuming interest-rate cuts from the September 17 meeting. Weaker-than-expected ADP private payrolls data Thursday fuelled expectations for another soft nonfarm payroll report on Fr…
By Dow Jones Newswires StaffMarkets looked set to close out the week on a more positive note than they started it. Equities were mostly in the green early on Friday and bond yields continued to fall. The Federal Reserve is increasingly expected to cut interest rates at its next meeting and U.S. nonf…
By Myra P. SaefongAssets under management for bitcoin ETFs have been quickly catching up to those for gold ETFsGold futures settled Tuesday at a record high, while bitcoin rose to a record highs in mid-August.Gold has climbed to fresh record highs, but bitcoin has proved to be a worthy rival, as ass…
** Shares of IREN up 16.9% before the bell to $26.93 after bitcoin miner swung to qtrly profit and topped Wall Street's expectations** IREN shares on course for biggest daily pct gain since Nov, if gains hold** Australia-based bitcoin miner late Thurs reported Q4 net income of $176.9 mln, compared …
Bitcoin falls as investors mull remarks from Federal Reserve Governor Christopher Waller and await key data on the Fed's preferred inflation measure. Waller said Thursday he would back a 25 basis-point interest rate cut in September, as widely expected by markets. For the time being, however, he bel…
By Kelly CloonanTrump Media & Technology Group, Yorkville Acquisition and Crypto.com have entered an agreement for a business combination to establish a digital-asset treasury company.The companies said Tuesday the new company will be called Trump Media Group CRO Strategy. It will be focused on acqu…
Digital asset manager Canary Capital on Tuesday filed to list an exchange-traded fund that will track the price of U.S. President Donald Trump's meme coin, called $TRUMP.
Digital asset manager Canary Capital on Tuesday filed to list an exchange-traded fund that will track the price of U.S. President Donald Trump's meme coin, called $TRUMP.The move could help the company cash in on a token that has surged in popularity, and monetize political hype through a regulated …