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.
Instacart had a successful IPO and closed the day 12% higher, reeling in $420 million in cash from the Nasdaq offering.
Although hundreds of billions away, Microsoft’s valuation is gradually closing in on that of Apple, racing to become the world’s largest.
Klaviyo has followed in the footsteps of Instacart and has raised its funding target for the upcoming listing, along with share price range.
These IPOs align with the broader trend of Chinese companies seeking public listings in Hong Kong, driven by regulatory scrutiny and market dynamics.
The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential.
Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production.
Arm has concluded its debut on the Nasdaq after launching an IPO where shares closed nearly 25% higher on the day.
High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices.
During the Arm IPO, about 95.5 million ADSs will be issued by SoftBank Group’s subsidiary with underwriters having access to 7 million more shares to cover over-allotments.
Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares.
Currently, Inditex has outlets in about 213 countries globally and only a low market share in many of them. Consequently, the company notes it has strong growth potential in many countries where it has an office.
While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate.
Hashdex’s rivals, such as Ark Invest and 21Shares, have also approached the SEC with their separate applications for spot Ether ETFs.
Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense.
Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange.