Wall Street was upbeat at Wednesday’s open as stocks climbed to extend their winning streak, with the S&P 500 hovering at record highs and top altcoins leading the latest crypto rally. Summary Stocks rose on Wednesday to extend gains, with S&P 500 and Nasdaq edging higher after hitting record highs. Wall Street is bullish on…
Key Takeaways Ethereum leapt ahead of Netflix and Mastercard as its market cap topped $565 billion. The second-largest crypto asset is now only 4% away from its all-time high. Share this article Ethereum outpaced Netflix and Mastercard in market capitalization as the digital asset rallied past $4,700 for the first time since November 2021. Ethereum’s…
Gone are the days when crypto was solely the domain of retail investors. With the rise of crypto treasuries, institutions are closely monitoring the industry. Increasingly, public companies in the United States, Europe, and Japan are exploring cryptos like Bitcoin, Ethereum, and Solana and incorporating them into their balance sheets. Digital Asset Treasury Companies (DATCOs)…
Ethereum has witnessed exceptional growth this quarter. It has surged over 8% in the past 24 hours alone to trade above $4,600. But retail traders remain in “disbelief” as the altcoin edges closer to its all-time high, now just 6.3% shy of the $4,891 record from November 16, 2021. Retail Fear Despite the rally, smaller…
Altcoin season calls are heating up across the industry as the crypto market flips green, and some tokens are already stealing the spotlight. Summary Ethereum has surged nearly 10% in the past 24 hours, trading above $4,623, its highest levels since November 2021. OKB, the native token of OKX, has gained approximately 189% in one…
Key Takeaways OKB price surged over 170% after OKX announced a major token burn and tokenomics upgrade. OKTChain will be decommissioned, with OKT holders receiving OKB via an automatic conversion. Share this article OKB, the native token of crypto exchange OKX, spiked approximately 170% within an hour after the platform unveiled a sweeping tokenomics overhaul…
Bullish is going bigger than expected. The crypto exchange, backed by Peter Thiel and the owner of CoinDesk, has increased the size of its IPO to $990 million. The company is now offering 30 million shares priced between $32 and $33, pushing its projected valuation close to $4.8 billion. Just last week, the goal was…
Bitcoin dominance has fallen to its lowest level since January, dropping this week as Ethereum approaches its all-time high. The metric, which measures Bitcoin’s crypto market share, has been trending downward since late June when Ether started to wake up. Since then, it has declined by 10% sparking renewed calls for altseason, which usually comes…
Coinbase has brought back its Stablecoin Bootstrap Fund, injecting capital into the decentralized finance ecosystem to enhance liquidity for both USDC and EURC. Summary Coinbase has relaunched its Stablecoin Bootstrap Fund to boost USDC and EURC liquidity. Initial placements target Aave, Morpho, Kamino, and Jupiter to stabilize lending and trading. The move is positioned as…
Key Takeaways ALT5 Sigma closed a $1.5 billion offering led by World Liberty Financial with significant board changes. ALT5 will implement a WLFI Treasury Strategy, aiming to hol about 7.5% of the WLFI token supply. Share this article ALT5 Sigma Corporation, supported by Eric Trump and Donald Trump Jr., announced Tuesday it had closed a…
