What is happening in the crypto market today, on Sept. 10? Explore the latest updates.
Crypto IPOs are gaining momentum.
It has become known that Gemini lifted the anticipated price range for its upcoming IPO to the range between $24 and $26. It means that it is planning to raise nearly $433 million at a $3.1 billion target valuation.
Meanwhile, Figure has also raised its IPO price. Now, it is aiming to raise $693 million at a target valuation of $4.7 billion.
More details are available here.
World Liberty Financial (WLFI) token is one of the biggest losers on Sept. 10 again. The coin is down 5.88%, trading at $0.2056.
Predictions for the future price movements remain uncertain. Some analysts still remain optimistic and believe that WLFI can climb to the $0.30-$0.50 range.
Kraken has announced the expansion of its xStocks offering to the European Union. Now, investors in the European region have the possibility to trade tokenized US ETFs and stocks.
Ethereum (ETH) has been on a steady decline since Aug. 24, when it reached a new all-time high of $4,953.
Selling pressure has been intensified by outflows from US-based spot ETH exchange-traded funds. According to Farside Investors data, ETH ETFs experienced six straight days of withdrawals totaling $1.04 billion between Aug. 29 and Sept. 8.
ETH is now trading at nearly $4,320-$4,330, down roughly 13% from its peak.
Metaplanet’s stock has continued its decline, dropping 28% over the past month and 30% from its mid-August peak.
In an effort to expand its Bitcoin strategy, the firm announced plans to raise ¥212 billion ($1.4 billion) through the issuance of up to 385 million new shares. The proceeds will be used to increase its Bitcoin holdings and generate income through BTC options trading.
The issue price was set at ¥553 per share. It represents a nearly 10% discount from the previous closing price.