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Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut

Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut

Figure Technology (FIGR.O) was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to the mainstream.The New York-based company's stock opened at…

IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say

IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say

Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available shares, people familiar with the matter said on Thursday.The strong demand, ahead of the IPO's pri…

Top Trump crypto backer Justin Sun says his World Liberty tokens 'unreasonably' frozen

Top Trump crypto backer Justin Sun says his World Liberty tokens 'unreasonably' frozen

Justin Sun, one of the biggest known backers of President 's World Liberty Financial crypto venture, said on Friday that his tokens connected to the project had been frozen, without giving further details.Sun had spent at least $75 million on World Liberty Financial tokens, known as $WLFI, accor…

Wall Street Journal - August 27

Wall Street Journal - August 27

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- A senior Exxon Mobil executive discussed with Russia's Rosneft this year about returning to the Sakhalin project if the U.S. and Russia gave the green light a…

Crypto exchange Gemini makes US IPO filing public

Crypto exchange Gemini makes US IPO filing public

Cryptocurrency exchange Gemini, founded by billionaire twins Tyler and Cameron Winklevoss, on Friday made public its paperwork for a U.S. initial public offering, joining a wave of digital asset companies seeking to tap public markets.

Meme stock surge underlines market froth, mostly centred on retail investors

Meme stock surge underlines market froth, mostly centred on retail investors

Massive moves in stocks such as Kohl’s and are raising questions over whether a new wave of meme stock trading is underway and what that signals about risk appetite more broadly.Benchmark equity indexes have touched record highs, cryptocurrencies are rallying, and options trading volumes have j…

Goldman, BNY team up to launch tokens tied to money market funds

Goldman, BNY team up to launch tokens tied to money market funds

Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance.Investors can now buy and sell money market fund shares on BNY's LiquidityDirect platform, with a digi…

Polymarket is considering launching its own stablecoin- Coindesk

Polymarket is considering launching its own stablecoin- Coindesk

-- Source link: https://tinyurl.com/3ubv2tw6-- Note: Reuters has not verified this story and does not vouch for its accuracy

PNC taps Coinbase to create crypto trading offering for bank customers

PNC taps Coinbase to create crypto trading offering for bank customers

PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank's customers, the companies said on Tuesday, in a sign that crypto is moving toward becoming increasingly interconnected to mainstream finance. PNC will use Coinbase's institutional "crypto-as-a-servic…

Crypto software firm Consensys eliminates About 7% of workforce - Bloomberg News

Crypto software firm Consensys eliminates About 7% of workforce - Bloomberg News

-- Source link: https://tinyurl.com/52nuw2r9-- Note: Reuters has not verified this story and does not vouch for its accuracy

Citigroup considers issuing its own stablecoin, CEO says

Citigroup considers issuing its own stablecoin, CEO says

Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday."We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where …

Bitcoin hits record high of $116,046.44

Bitcoin hits record high of $116,046.44

Bitcoin rallied to another all-time high on Thursday.The world's largest cryptocurrency BTC= rose to a record high of $116,046.44. It was last up 1.93% at $115,773.22.Ether rose 3.01% to $2905.24 at 2130 GMT.