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By Utkarsh Shetti and Federico MaccioniStrategy , the world's biggest corporate stockpiler of bitcoin, is engaging with MSCI about a decision that could potentially exclude it from its indices, its chairman Michael Saylor told Reuters on Wednesday. Index provider MSCI is due to make that decision on…
WHEN CRYPTO PRICES TUMBLED, WHAT OF THE CORPORATE HOARDERS?The recent pullback in shares of companies that hoard major cryptocurrencies like bitcoin has brought into focus a crucial metric which measures a company's value against the lump sum total of its crypto holdings. Strategy , which pioneered …
By Andrew WelschVanguard is allowing customers to invest in cryptocurrency exchange-traded funds and mutual funds, reversing its policy of banning such investments from its massive brokerage platform.The change is effective today. The company is essentially providing investors access to funds by oth…
By Medha Singh Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year's crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.The T‑Rex 2X Long MSTR Daily Target ETF and Defiance Daily…
By Nate WolfShares of American Bitcoin, the Bitcoin miner co-founded by Eric and Donald Trump Jr., plummeted Tuesday, bringing the company's valuation back down to earth.American Bitcoin stock was down 43% to $2.05 a share on unusually high trading volume. Less than two hours after the opening bell,…
By Vicky Ge HuangShares of American Bitcoin, a bitcoin mining and treasury company backed by Eric Trump and Donald Trump Jr., are struggling Tuesday despite bitcoin's rebound from Monday's steep decline.The stock fell as much as 51% earlier in the day before paring losses. It was down about 40% in r…
By Barbara KollmeyerBitcoin attempted to rally over the Thanksgiving holiday breakThe CEO of the world's biggest bitcoin treasury, Strategy, laid out a scenario in which the company would consider selling some of its bitcoin holdings.The top executive at bitcoin's biggest corporate owner has laid ou…
CoinShares has abruptly withdrawn registration filings for its XRP, Solana-staking, and Litecoin ETFs, yanking three altcoin products just as it gears up for a highly anticipated Nasdaq listing through a $1.2 billion SPAC deal.The move, paired with the wind-down of a leveraged Bitcoin-futures ETF, s…
By Tomi KilgoreStrategy stepped up bitcoin buying in the latest week as prices slumped, with the most purchased in four monthsWhile Strategy's stock has fallen a lot more than bitcoin, since bitcoin peaked in early October, the correlation between the two has actually increased.While it's no secret …
STABLECOINS TO $4 TRILLION? BERNSTEIN SAYS, HOLD MY WALLETBrokerage firm Bernstein said it expects the stablecoin market to reach $4 trillion by 2035, cementing its role in the digital asset ecosystem as clearer regulations drive demand higher.The implementation of the GENIUS Act, and the expected p…
By Arasu Kannagi Basil and Pritam BiswasCircle's third-quarter profit beat Wall Street expectations on Wednesday, driven by higher reserve income amid rising circulation of its flagship stablecoin, but shares fell on concerns over potential competition and valuation.Global adoption of stablecoins —…
By Mackenzie TatananniCryptocurrency has officially made its return to SoFi Technologies.The company on Tuesday announced the launch of SoFi Crypto, a platform allowing customers to buy, sell, and hold dozens of digital currencies including Bitcoin, Ethereum, and Solana. A phased rollout begins toda…