It’s safe to say that Bitcoin has slowly evolved into a macro asset. As such, its relationship with major traditional indices like the S&P 500 (SPX) and the Nasdaq Composite (NDQ) becomes a significant indicator of investor sentiment and use case evolution. These indices represent vital pillars of the traditional financial system: SPX reflects broader…
November 18, 2024 at 01:50 PM GST updated: November 18, 2024 at 12:14 PM 2 mins read News Crypto.com acquires Fintek to offer equities trading on Australian and global stock exchanges. The acquisition boosts Crypto.com’s app with seamless integration of diverse financial products. Crypto.com strengthens crypto adoption in Australia, collaborating with regulators for clearer frameworks. …
November 14, 2024 at 03:50 PM GST updated: November 14, 2024 at 03:49 PM 2 mins read News Coincheck to become first Japanese crypto exchange on Nasdaq, gaining SEC approval for a December listing. Merger with Thunder Bridge Capital enables Coincheck’s Nasdaq debut, deepening U.S.-Japan financial ties. Coincheck’s Nasdaq entry could inspire other Japanese exchanges,…
November 8, 2024 at 05:15 PM GST updated: November 8, 2024 at 01:22 PM 2 mins read News Galaxy Digital pivots to AI, targeting new revenue amid rising Bitcoin mining challenges. Bitcoin miners adopting AI could boost profits, with potential $14B in gains by 2027, says VanEck. Galaxy’s Q3 report shows 27% drop in BTC…
November 8, 2024 at 01:15 PM GST updated: November 8, 2024 at 01:08 PM 2 mins read News The Federal Reserve lowered rates by 25 bps to 4.5%-4.75%, easing policy amid slower inflation. Fed Chair Powell confirms U.S. election results won’t impact the Fed’s near-term policy decisions. Bitcoin hits new highs, stocks rise as Fed’s…
The Nasdaq Composite (^IXIC) moved up more than 1.4% as shares of Nvidia (NVDA) and Amazon (AMZN) rose to new highs Thursday morning. Chip leader Nvidia broke out at a proper buy point of 140.76 on Wednesday and rose to an all-time high of $148.73 on Thursday. The climb marked a whopping 11.45% climb since…
Bitcoin has been a better-performing asset than traditional investments during periods of increased liquidity. That poses the question of how the cryptocurrency will behave in the further course of monetary policy relaxation. As reported by Ecoinometrics, Bitcoin grew by 150% CAGR during the 2020 liquidity boom. That is much higher than NASDAQ and gold. As…
Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s…
The Dow Jones closed up 400 points on Friday to a record close, while the S&P closed above 5,800 points for the first time. The broad index rose 0.7%, with the Dow gaining 440 points, or 1%. For the S&P 500, the index is up 1.2&. In addition, the Nasdaq Composite added 0.45% upon closing…
Inflation data for September 2024 came in a bit higher than consumers would’ve wanted, yet is still trending downwards. The Nasdaq was able to turn a moderate point downtick in the early hours of stock trading into a slight 0.2% gain in the afternoon heading towards closing hours. The overall Nasdaq composite is down 46…
As Nasdaq investors take notice of the crypto market, past chart’s long-term analysis have shown that a few names always seem to rise to the top: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, occasionally, a relatively unknown company appears in the market, draws the attention of experienced professionals, and creates a stir. A man…
October 8, 2024 at 11:40 AM GST 2 mins read News Fold submits SEC S-4 filing, advancing its plan to go public via a merger with FTAC Emerald Acquisition Corp. Stockholders to receive up to $419.75M in Fold stock, contingent on Bitcoin’s price at merger closing. Fold plans to expand its Bitcoin services, including larger…
Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s strategy to expand into the U.S. market. The…
South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering “all possibilities” regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest…
Bithumb is South Korea’s second largest crypto exchange. The company held a shareholder meeting on Sept. 30 and eyes a potential listing on Nasdaq. Bithumb, the second largest crypto exchange in South Korea, is reportedly considering public listing in the US. According to a local news report in dnews, Bithumb held an extraordinary shareholder meeting…
Leading US stocks under the Nasdaq index are performing well in the charts in 2024. The Nasdaq Composite index has surged nearly 23% year-to-date and hit an all-time high of 18,671 in July. The index now stands at 18,074 and still attracts bullish sentiments as retail investors and institutional funds are taking entry positions. Also…
The US Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade options on BlackRock’s spot Bitcoin exchange-traded fund (ETF) product, iShares Bitcoin Trust (IBIT). Options trading enables investors to buy or sell assets at a pre-determined price, helping them speculate on price movements. So, this decision marks another step toward broadening the…
September 4, 2024 at 09:01 AM GST updated: September 4, 2024 at 09:07 AM 2 mins read News Nvidia’s stock dropped 9.5%, erasing $279 billion in market cap amid a Justice Department antitrust investigation. The Nasdaq and S&P 500 fell over 3% and 2% respectively, triggered by Nvidia’s sharp decline. Bitcoin fell to $56,000 as…
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has…
The financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential…
Nasdaq seeks SEC approval for Bitcoin index options launch. Options based on CME CF Bitcoin Real-Time Index. Nasdaq, a major American stock exchange operator, is seeking approval from U.S. regulators to launch options on a Bitcoin index. On August 27, Nasdaq announced its intention to offer index options on the Bitcoin index, providing institutions and…
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq Seeks to Launch Bitcoin Index Options Nasdaq…
Two prominent financial institutions in the US—Nasdaq and CME Group—have launched new Bitcoin-related products as institutional adoption of the top crypto continues. According to an Aug. 27 announcement, Nasdaq has partnered with CF Benchmarks to file with the US Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). XBTX The…
August 27, 2024 at 08:40 PM GST updated: August 27, 2024 at 08:19 PM 2 mins read News Nasdaq seeks SEC approval to launch Bitcoin index options, potentially filling a crucial liquidity gap for institutional investors. Nasdaq’s Bitcoin index options are based on the CME CF Bitcoin Real-Time Index, tracking futures and options on the…
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings….