3 hours ago
The chief financial officer (CFO) of crypto miner turned data centre operator Hut 8 (NASDAQ: $HUT) has sold company stock.
Sean Glennan, CFO of Hut 8, sold 6,445 shares of common stock for proceeds of $508,000 U.S. on Aug. 24.
A regulatory filing showed that Glennan sold the stock at an average price of $78.76 U.S. per share. The sale substantially reduced Glennan's stake in Hut 8.
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MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume
#Stock #sean #mexc #gala
Sean Glennan, CFO of Hut 8, sold 6,445 shares of common stock for proceeds of $508,000 U.S. on Aug. 24.
A regulatory filing showed that Glennan sold the stock at an average price of $78.76 U.S. per share. The sale substantially reduced Glennan's stake in Hut 8.
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MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume
#Stock #sean #mexc #gala
3 hours ago
Asset manager BlackRock (NYSE: $BLK) sees continued strength in Bitcoin (CRYPTO: $BTC) now that its price has broken out of its previous trading range.
Robbie Mitchnick, BlackRock's head of digital ***** ets, sees a bullish macroeconomic outlook for Bitcoin along with growing conviction among investors.
BlackRock runs the largest spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (NASDAQ: $IBIT).
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MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume
#asset #NYSE #trust
Robbie Mitchnick, BlackRock's head of digital ***** ets, sees a bullish macroeconomic outlook for Bitcoin along with growing conviction among investors.
BlackRock runs the largest spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (NASDAQ: $IBIT).
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MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume
#asset #NYSE #trust
6 days ago
Brokerage Cantor Fitzgerald is offering its 3,000 institutional clients access to the Kalshi prediction market.
Cantor is one of the first Wall Street firms to give its institutional clients access to block trades in event contracts on a CFTC-regulated exchange such as Kalshi.
Under terms of the deal, Kalshi will provide pricing and liquidity, while Cantor Fitzgerald will be the acting broker, helping clients arrange and execute trades on the prediction market.
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#prediction
Cantor is one of the first Wall Street firms to give its institutional clients access to block trades in event contracts on a CFTC-regulated exchange such as Kalshi.
Under terms of the deal, Kalshi will provide pricing and liquidity, while Cantor Fitzgerald will be the acting broker, helping clients arrange and execute trades on the prediction market.
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#prediction
6 days ago
Bitcoin (CRYPTO: $BTC) is up 6% and trading at $68,400 U.S. on Aug. 19 after Treasury Secretary Scott Bessent announced plans to intervene in the bond market.
Bessent said that the U.S. Treasury Department will more than double its debt repurchases, sending yields on government bonds sharply lower.
The yields on both the 10-year and 30-year Treasury bonds declined on news of the government repurchases, giving a boost to risk ******* ets such as stocks and crypto.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#treasury #repurchases #yields #government
Bessent said that the U.S. Treasury Department will more than double its debt repurchases, sending yields on government bonds sharply lower.
The yields on both the 10-year and 30-year Treasury bonds declined on news of the government repurchases, giving a boost to risk ******* ets such as stocks and crypto.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#treasury #repurchases #yields #government
7 days ago
ZeroStack Corp. (NASDAQ: $ZSTK) has struck a $1 billion crypto contribution deal that would add nearly 926 million MemeCore (CRYPTO: $M) tokens to its balance sheet while giving MemeCore-linked investors a large equity position in the Nasdaq-listed company.
Under the definitive agreement, Puple AI Inc. and Blockcat Pte. Ltd. will contribute 925,925,926 $M tokens, valued at $1.08 each, in exchange for 3.5 million ZeroStack common shares and pre-funded warrants covering up to 36,198,293 additional shares.
The warrants are priced at $25.19 per share, more than 12 times ZeroStack's recent market trading price. Shares tied to the warrants cannot be issued until shareholders approve the transaction under Nasdaq Listing Rule 5635 and will be subject to a lock-up lasting up to 10 years after closing.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#NASDAQ #tokens
Under the definitive agreement, Puple AI Inc. and Blockcat Pte. Ltd. will contribute 925,925,926 $M tokens, valued at $1.08 each, in exchange for 3.5 million ZeroStack common shares and pre-funded warrants covering up to 36,198,293 additional shares.
The warrants are priced at $25.19 per share, more than 12 times ZeroStack's recent market trading price. Shares tied to the warrants cannot be issued until shareholders approve the transaction under Nasdaq Listing Rule 5635 and will be subject to a lock-up lasting up to 10 years after closing.
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#NASDAQ #tokens
7 days ago
Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital **** ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world **** ets onto the platform, have those **** ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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#wyoming
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital **** ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world **** ets onto the platform, have those **** ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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#wyoming
7 days ago
Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital **** et **** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#stablecoin #nowpayments
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#stablecoin #nowpayments
7 days ago
Robinhood Markets (NASDAQ: $HOOD) CEO Vlad Tenev is calling on U.S. regulators to approve tokenized stocks.
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#tenev #markets #NASDAQ
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#tenev #markets #NASDAQ
7 days ago
ZeroStack Corp. (NASDAQ: $ZSTK) has struck a $1 billion crypto contribution deal that would add nearly 926 million MemeCore (CRYPTO: $M) tokens to its balance sheet while giving MemeCore-linked investors a large equity position in the Nasdaq-listed company.
Under the definitive agreement, Puple AI Inc. and Blockcat Pte. Ltd. will contribute 925,925,926 $M tokens, valued at $1.08 each, in exchange for 3.5 million ZeroStack common shares and pre-funded warrants covering up to 36,198,293 additional shares.
The warrants are priced at $25.19 per share, more than 12 times ZeroStack's recent market trading price. Shares tied to the warrants cannot be issued until shareholders approve the transaction under Nasdaq Listing Rule 5635 and will be subject to a lock-up lasting up to 10 years after closing.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#NASDAQ #memecore #times
Under the definitive agreement, Puple AI Inc. and Blockcat Pte. Ltd. will contribute 925,925,926 $M tokens, valued at $1.08 each, in exchange for 3.5 million ZeroStack common shares and pre-funded warrants covering up to 36,198,293 additional shares.
The warrants are priced at $25.19 per share, more than 12 times ZeroStack's recent market trading price. Shares tied to the warrants cannot be issued until shareholders approve the transaction under Nasdaq Listing Rule 5635 and will be subject to a lock-up lasting up to 10 years after closing.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#NASDAQ #memecore #times
7 days ago
Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital ******* ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world ******* ets onto the platform, have those ******* ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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#assets #wyoming #data
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital ******* ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world ******* ets onto the platform, have those ******* ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#assets #wyoming #data
7 days ago
Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital ***** et ***** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#dominant #nowpayments #however #circle
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#dominant #nowpayments #however #circle
7 days ago
Cameron Winklevoss, co-founder of the Gemini (NASDAQ: $GEMI) crypto exchange, is urging investors to buy the dip in Bitcoin (CRYPTO: $BTC).
In a social media post, Winklevoss argues that Bitcoin is currently trading at a 50% discount and that this is an "unprecedented time to buy the dip."
Winklevoss, who co-founded Gemini with his twin brother Tyler, said that Bitcoin is currently on sale and that the 50% price decline since October 2025 is a discount rather than a warning sign.
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#gemini #NASDAQ #gemi
In a social media post, Winklevoss argues that Bitcoin is currently trading at a 50% discount and that this is an "unprecedented time to buy the dip."
Winklevoss, who co-founded Gemini with his twin brother Tyler, said that Bitcoin is currently on sale and that the 50% price decline since October 2025 is a discount rather than a warning sign.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#gemini #NASDAQ #gemi
7 days ago
Robinhood Markets (NASDAQ: $HOOD) CEO Vlad Tenev is calling on U.S. regulators to approve tokenized stocks.
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#robinhood #july
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
More From Cryptoprowl:
MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#robinhood #july
7 days ago
Short sellers quickly lost close to $3 billion U.S. on their bearish bets as the price of Bitcoin (CRYPTO: $BTC) jumped above $70,000 U.S. late on Aug. 19.
Market data shows that traders and investors who were short Bitcoin lost $2.70 billion U.S. in the past 24 hours as the price of BTC got as high as $72,000 U.S.
Total liquidations due to the sharp rise in Bitcoin's price impacted 172,108 professional traders, according to data from CoinGlass. It's the biggest loss on Bitcoin short bets since 2021.
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#Bitcoin #Crypto #market
Market data shows that traders and investors who were short Bitcoin lost $2.70 billion U.S. in the past 24 hours as the price of BTC got as high as $72,000 U.S.
Total liquidations due to the sharp rise in Bitcoin's price impacted 172,108 professional traders, according to data from CoinGlass. It's the biggest loss on Bitcoin short bets since 2021.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#Bitcoin #Crypto #market
7 days ago
Social media platform X is reportedly considering paying influencers and content creators in stablecoins.
Media reports say that X, which is owned by Elon Musk, is in talks with Circle Internet Group (NYSE: $CRCL) about using its USDC stablecoin (CRYPTO: $USDC) to pay people.
Stablecoin payments would include royalties to content creators and influential users of the platform who regularly upload content.
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#Media #stablecoin #platform #elon
Media reports say that X, which is owned by Elon Musk, is in talks with Circle Internet Group (NYSE: $CRCL) about using its USDC stablecoin (CRYPTO: $USDC) to pay people.
Stablecoin payments would include royalties to content creators and influential users of the platform who regularly upload content.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#Media #stablecoin #platform #elon
7 days ago
Stocks of leading cryptocurrency companies are soaring on Aug. 20 as a rally in Bitcoin (CRYPTO: $BTC) and other digital ******* ets is reignited.
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
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#NYSE #digital #Bitcoin
Strategy's (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S.
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital ******* et prices move sharply higher on the day.
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#NYSE #digital #Bitcoin
8 days ago
Closely followed investor Cathie Wood bought a sizable amount of Block (NYSE: $XYZ) stock as the shares declined recently.
Through her ******* et management firm Ark Invest, Woodpurchased $15 million U.S. worth of Block shares as the price declined 3% on Aug. 17.
The latest disclosure shows that Ark Invest added 191,671 shares of the Jack Dorsey-led financial technology and crypto firm across several of its exchange-traded funds (ETFs).
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#shares #closely #cathie #woodpurchased
Through her ******* et management firm Ark Invest, Woodpurchased $15 million U.S. worth of Block shares as the price declined 3% on Aug. 17.
The latest disclosure shows that Ark Invest added 191,671 shares of the Jack Dorsey-led financial technology and crypto firm across several of its exchange-traded funds (ETFs).
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#shares #closely #cathie #woodpurchased
8 days ago
Payments on cryptocurrency-focused cards has more than doubled from a year earlier to reach $759 million U.S. in July.
Spending on crypto cards increased 2.5 times in July from a year earlier supported by nearly nine million purchases settledthrough dollar-backed stablecoins, according to venture capital firm Andreessen Horowitz.
The monthly amount being spent on crypto cards has risen from less than $1 million U.S. in October 2023 to more than three-quarters of a billion dollars today.
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#july #cards #million
Spending on crypto cards increased 2.5 times in July from a year earlier supported by nearly nine million purchases settledthrough dollar-backed stablecoins, according to venture capital firm Andreessen Horowitz.
The monthly amount being spent on crypto cards has risen from less than $1 million U.S. in October 2023 to more than three-quarters of a billion dollars today.
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#july #cards #million
9 days ago
Swiss multinational investment bank UBS (NYSE: $UBS) and Tudor Investment, a hedge fund firm founded by billionaire Paul Tudor Jones, both increased their exposure to BlackRock's spot Bitcoin ETF in the second quarter of the year.
UBS reported calls tied to 1.95 million underlying IBIT shares as of June 30, up from 80,000 three months earlier, a more than 24-fold increase, according to a regulatory filing on Friday. Its direct IBIT holdings also rose 12% to 407,890 shares, worth about $13.6 million at the end of the quarter.
At the same time, the banking giant's put exposure fell 53% to 143,300 shares. The filing does not disclose the options' strike prices or expiration dates.
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#NYSE
UBS reported calls tied to 1.95 million underlying IBIT shares as of June 30, up from 80,000 three months earlier, a more than 24-fold increase, according to a regulatory filing on Friday. Its direct IBIT holdings also rose 12% to 407,890 shares, worth about $13.6 million at the end of the quarter.
At the same time, the banking giant's put exposure fell 53% to 143,300 shares. The filing does not disclose the options' strike prices or expiration dates.
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#NYSE
10 days ago
Ondo Finance's (CRYPTO: $ONDO) tokenized stock platform is holding above $1 billion in value while trading activity across its broader ecosystem continues to accelerate.
Ondo Stocks now has $1.01 billion in total value locked and has processed $27 billion in ******* ulative trading volume since launching in September 2025. The platform supports more than 440 tokenized U.S. stocks and ETFs, with each token backed by the corresponding security held through licensed U.S. custodial broker-dealers.
The trading figure puts ******* ulative turnover at roughly 26 times current TVL, reflecting activity across centralized exchanges, decentralized venues and primary mint-and-redeem flows. Centralized exchanges alone have accounted for $18 billion in Ondo Stocks volume, with $206 million of tokenized ******* ets currently held across Binance, Gate, Bitget and MEXC.
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#stocks #volume #across
Ondo Stocks now has $1.01 billion in total value locked and has processed $27 billion in ******* ulative trading volume since launching in September 2025. The platform supports more than 440 tokenized U.S. stocks and ETFs, with each token backed by the corresponding security held through licensed U.S. custodial broker-dealers.
The trading figure puts ******* ulative turnover at roughly 26 times current TVL, reflecting activity across centralized exchanges, decentralized venues and primary mint-and-redeem flows. Centralized exchanges alone have accounted for $18 billion in Ondo Stocks volume, with $206 million of tokenized ******* ets currently held across Binance, Gate, Bitget and MEXC.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#stocks #volume #across
11 days ago
World Liberty Financial (CRYPTO: $WLFI) has moved closer to bringing its USD1 (CRYPTO: $USD1) stablecoin under a federally supervised banking structure after the Office of the Comptroller of the Currency conditionally approved a national trust bank charter for World Liberty Trust Company.
The approval would allow the Trump family-backed crypto company to issue USD1 directly and custody the U.S. dollar ****** ets backing the stablecoin. Those functions are currently handled through BitGo (NASDAQ: $BTGO).
Unlike a traditional commercial bank charter, the national trust structure generally does not permit deposit-taking or lending. It would instead give World Liberty a single federal framework for custody, ****** et servicing and settlement, areas the company has said are central to its plans for institutional clients such as exchanges and investment firms.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#usd1
The approval would allow the Trump family-backed crypto company to issue USD1 directly and custody the U.S. dollar ****** ets backing the stablecoin. Those functions are currently handled through BitGo (NASDAQ: $BTGO).
Unlike a traditional commercial bank charter, the national trust structure generally does not permit deposit-taking or lending. It would instead give World Liberty a single federal framework for custody, ****** et servicing and settlement, areas the company has said are central to its plans for institutional clients such as exchanges and investment firms.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#usd1
12 days ago
Bank Leumi ($LUMI), Israel's biggest lender, is partnering with Galaxy Digital (NASDAQ: $GLXY) to offer cryptocurrency trading to its customers.
The crypto trading will be available starting in 2027, making Bank Leumi the first Israeli lender to provide such a service.
Customers of Leumi and its mobile app will be able to buy, hold, and sell Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Solana (CRYPTO: $SOL) through the bank's app.
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#Crypto #trading #customers #lender
The crypto trading will be available starting in 2027, making Bank Leumi the first Israeli lender to provide such a service.
Customers of Leumi and its mobile app will be able to buy, hold, and sell Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Solana (CRYPTO: $SOL) through the bank's app.
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#Crypto #trading #customers #lender
13 days ago
Tether, issuer of the USDT (CRYPTO: $USDT) stablecoin, says it has completed the first independent audit of its financial statements.
The audit has been completed by accounting giant KPMG, which issued an unqualified opinion on Tether's finances after reviewing its 2025 accounts and a $6.81 billion U.S. reserve.
The auditors reportedly examined transactions, systems, valuations, counterparties, ownership records, and supporting documents at Tether.
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#usdt #kpmg #report
The audit has been completed by accounting giant KPMG, which issued an unqualified opinion on Tether's finances after reviewing its 2025 accounts and a $6.81 billion U.S. reserve.
The auditors reportedly examined transactions, systems, valuations, counterparties, ownership records, and supporting documents at Tether.
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MEXC Report: 74.2% of Traditional Finance Users Have Shifted Their Trading Activity to Crypto Exchanges
#usdt #kpmg #report
13 days ago
Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% from a year earlier on Friday as growth broadened beyond crypto spot trading.
Adjusted EBITDA came in at $23 million for the quarter ended June 30, while total platform transaction volume fell 13% to $310 billion. Payward said the decline reflected weaker crypto spot activity across the industry, even as equities, tokenized equities and traditional futures gained share across its platform.
The revenue mix continued to shift. ****** et-based and other revenue rose to 60% of total revenue from 55% a year earlier, while funded accounts climbed 42% to 6.6 million. ****** ets on the platform stood at $40 billion, with Payward citing stronger momentum in the European Economic Area following MiCA authorization.
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#revenue #platform #trading #quarter
Adjusted EBITDA came in at $23 million for the quarter ended June 30, while total platform transaction volume fell 13% to $310 billion. Payward said the decline reflected weaker crypto spot activity across the industry, even as equities, tokenized equities and traditional futures gained share across its platform.
The revenue mix continued to shift. ****** et-based and other revenue rose to 60% of total revenue from 55% a year earlier, while funded accounts climbed 42% to 6.6 million. ****** ets on the platform stood at $40 billion, with Payward citing stronger momentum in the European Economic Area following MiCA authorization.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#revenue #platform #trading #quarter
13 days ago
Major US banks Morgan Stanley (NYSE: $MS) and JPMorgan (NYSE: $JPM) increased their holdings of cryptoinvestment products in the second quarter, adding to their exposure to Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) ETFs despite market volatility during the period.
Morgan Stanley increased its holdings of BlackRock's iShares Bitcoin Trust ETF (IBIT) by 23% from the previous quarter. The investment bank held about 16.5 million IBIT shares at the end of June, up from 13.4 million three months earlier, according to a Form 13F filing submitted to the US Securities and Exchange Commission on Thursday.
Despite the larger position, its reported value fell to about $549 million from $667 million as Bitcoin price declined during the quarter.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#Bitcoin #million #NYSE #despite
Morgan Stanley increased its holdings of BlackRock's iShares Bitcoin Trust ETF (IBIT) by 23% from the previous quarter. The investment bank held about 16.5 million IBIT shares at the end of June, up from 13.4 million three months earlier, according to a Form 13F filing submitted to the US Securities and Exchange Commission on Thursday.
Despite the larger position, its reported value fell to about $549 million from $667 million as Bitcoin price declined during the quarter.
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MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times
#Bitcoin #million #NYSE #despite
16 days ago
Robinhood Markets (NASDAQ: $HOOD) is expanding its crypto business in the UK, allowing eligible customers to trade more than 50 digital ******* ets directly through its app alongside stocks, shares ISAs (Individual Savings Accounts), options and futures.
The service, which begins rolling out this week, will offer zero trading fees, with no account maintenance or custody charges, the brokerage firm announced on Monday.
Customers will be able to trade major cryptocurrencies, including Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), XRP (CRYPTO: $XRP) and Hyperliquid (CRYPTO: $HYPE), through Bitstamp UK Ltd, which operates the crypto trading service.
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The service, which begins rolling out this week, will offer zero trading fees, with no account maintenance or custody charges, the brokerage firm announced on Monday.
Customers will be able to trade major cryptocurrencies, including Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), XRP (CRYPTO: $XRP) and Hyperliquid (CRYPTO: $HYPE), through Bitstamp UK Ltd, which operates the crypto trading service.
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16 days ago
US-listed spot Bitcoin (CRYPTO: $BTC) exchange-traded funds (ETFs) attracted more than $853 million in net inflows last week, marking their strongest weekly performance since mid-April as a security breach involving Coldcard wallets renewed concerns over crypto self-custody.
Data from SoSoValue shows that the funds have maintained an inflow streak since last week, with inflows peaking at $244.42 million last Wednesday, following $211.49 million the previous day. The five-day streak brought in approximately $853.5 million, pushing ******* ulative net inflows to $52.18 billion.
Last month, a vulnerability in Coinkite's Coldcard hardware wallets was exploited to drain millions worth of Bitcoin from thousands of addresses. The attack is estimated to have resulted in around $130 million worth of Bitcoin being stolen.
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#coldcard
Data from SoSoValue shows that the funds have maintained an inflow streak since last week, with inflows peaking at $244.42 million last Wednesday, following $211.49 million the previous day. The five-day streak brought in approximately $853.5 million, pushing ******* ulative net inflows to $52.18 billion.
Last month, a vulnerability in Coinkite's Coldcard hardware wallets was exploited to drain millions worth of Bitcoin from thousands of addresses. The attack is estimated to have resulted in around $130 million worth of Bitcoin being stolen.
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#coldcard
16 days ago
Bitmine Immersion Technologies (NYSE: $BMNR) bought more Ethereum (CRYPTO: $ETH) over the past week and continued to increase the amount of ETH it has staked.
The serial cryptocurrency acquirer led by Chairman Tom Lee purchased 7,391 Ethereum over the past week.
The company now owns 4.8% of Ethereum's circulating supply and is 96% of the way towards reaching its goal of holding 5% of the available ETH supply.
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The serial cryptocurrency acquirer led by Chairman Tom Lee purchased 7,391 Ethereum over the past week.
The company now owns 4.8% of Ethereum's circulating supply and is 96% of the way towards reaching its goal of holding 5% of the available ETH supply.
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16 days ago
Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) continued to sell both Bitcoin (CRYPTO: $BTC) and its common stock over the past week.
The company led by Chairman Michael Saylor raised $108.6 million U.S. last week through the sale of 1,690 BTC and an additional $653.1 million U.S. from the sale of 6.59 million shares of its common stock.
The company used the Bitcoin proceeds to buyback 1,152,020 shares of its variable-rate preferred stock (NASDAQ: $STRC) at a cost to the company of $108.6 million U.S.
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The company led by Chairman Michael Saylor raised $108.6 million U.S. last week through the sale of 1,690 BTC and an additional $653.1 million U.S. from the sale of 6.59 million shares of its common stock.
The company used the Bitcoin proceeds to buyback 1,152,020 shares of its variable-rate preferred stock (NASDAQ: $STRC) at a cost to the company of $108.6 million U.S.
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16 days ago
Global ***** et manager T. Rowe Price has defended its decision to include Dogecoin (CRYPTO: $DOGE) in its newly launched actively managed cryptocurrency exchange-traded fund, framing the allocation as a disciplined investment strategy rather than speculation chasing an internet fad.
The T. Rowe Price Active Crypto ETF (TKNZ), which launched in July as the first actively managed, multi-token spot crypto ETF in the U.S., allocates 1.26% of its portfolio to Dogecoin. Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) account for roughly 60% of the fund's ***** ets, followed by Binance Coin (CRYPTO: $BNB).
"We wanted to be truly active managers," Blue Macellari, head of digital ***** ets and lead portfolio manager for TKNZ, said in an interview. "If meme coins are performing well and we exclude them purely on principle, we would be preventing investors from participating in that upside."
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The T. Rowe Price Active Crypto ETF (TKNZ), which launched in July as the first actively managed, multi-token spot crypto ETF in the U.S., allocates 1.26% of its portfolio to Dogecoin. Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) account for roughly 60% of the fund's ***** ets, followed by Binance Coin (CRYPTO: $BNB).
"We wanted to be truly active managers," Blue Macellari, head of digital ***** ets and lead portfolio manager for TKNZ, said in an interview. "If meme coins are performing well and we exclude them purely on principle, we would be preventing investors from participating in that upside."
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#rowe #active #manager #actively