This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Anticipated to be one of the biggest tech IPOs of 2021, Didi IPO could fetch the company a $100 billion valuation while raising $10 billion.
Powell revealed that Kraken now has eyes set on a more traditional initial public offering (IPO) describing the firm’s stance on the plan as ‘very serious’ as they look to avoid any potential issue should they go public via a direct listing.
Although meme stocks put on quite a show on Thursday, some of them have now crashed, failing to hold on to the heave price swings.
Considering Plaid’s features are unrivaled, Tesla has increased its price by $10,000 to around $130,000, higher than the preceding Model S, which went for $79,990.
The US market indices also saw a good boost as the Department of Labor released the jobless claims for the week ended June 5.
ForUsAll administers 401(k) plans for 400 clients and it is not clear how many of these have signed up for the current crypto offerings with Coinbase.
A fresh group of meme stocks ($GEO and CLNE) has superseded $CLOV, $WISH, $SPCE, $AMC, and $GME in their recent rally, gaining over 30%.
Ledger has gathered support from a number of companies including Cathay Innovation, Digital Currency Group (DCG), Felix Capital, Groupe Arnault, and Uphold Ventures, to name a few.
“It ain’t much, but it’s honest work.” Degen’s Farm creates a gaming and art universe, where you can purchase the bags, get basic NFT creatures, and farm unique ones afterward.
In addition, GameStop released its Q1 earnings report, showing a 25% improvement in sales with losses less than what was reported a year ago.
The report did not give a formal price target for Coinbase stock but suggested a fair value of $95 per share, down over 50% of its current price.
President Bukele said the country may explore Bitcoin mining as a way to put its geothermal energy option to full use.
Being available 24/7, crypto is an added benefit for both investors and consumers, unlike the traditional market that follows fixed settlement cycles and trading hours.
Dan Ives is particularly bullish on the company’s software business which is currently valued at $1 trillion.
The market remained flat on Tuesday while Airline stock picked up momentum as the CDC eased up travel restrictions to nearly 61 countries.