Tag: Nasdaq

Bitcoin Holds Near $76,000 Amid Nasdaq Correction

Bitcoin held near $76,000 as a Nasdaq correction and AI stock selloff triggered over $1 billion in leveraged crypto liquidations and a steep single-day market decline.

Franklin Templeton secures final approval for crypto dividend ETFs

Franklin Templeton has secured regulatory approval for two new crypto dividend ETFs on Nasdaq, designed to automatically convert stock payouts from major U.S. corporations into bitcoin starting October 27.

Metaplanet Shareholders Greenlight 2,100 BTC Acquisition and Superplanet Rebrand

Super League stockholders approved measures for Metaplanet's 2,100 BTC investment, clearing the path for the Nasdaq-listed firm to rebrand as Superplanet and serve as a U.S. Bitcoin treasury vehicle.

MSCI Plans to Proceed with Index Exclusion Proposal for Strategy

Morgan Stanley Capital International is proceeding with a plan to exclude non-operating companies holding significant digital assets from its global equity benchmarks, potentially impacting bitcoin treasury firm Strategy in upcoming index reviews.

Strategy Smash Acquires $21.5M in Bitcoin to Expand Holdings

Strategy has acquired 250 bitcoins for $21.5 million, returning to a weekly accumulation schedule and bringing its total holdings to 848,250 bitcoins valued at $70.2 billion.

Nasdaq Reportedly Invests $100 Million in Kraken’s Parent Firm

Nasdaq is reportedly investing $100 million in Payward, the parent company of cryptocurrency exchange Kraken, in a deal valuing the firm at $21 billion to develop tokenized equities infrastructure.
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Bitcoin Holds Near $76,000 Amid Nasdaq Correction

Bitcoin held near $76,000 as a Nasdaq correction and AI stock selloff triggered over $1 billion in leveraged crypto liquidations and a steep single-day market decline.

Core Scientific to End Bitcoin Mining by Year-End for Colocation

Core Scientific plans to completely end its bitcoin mining operations by the end of the year to transition into an exclusive high-density colocation provider, focusing on artificial intelligence and high-performance computing partnerships.

American Bitcoin Reports $126M Profit on $197M Asset Growth

American Bitcoin Corp. reported a $126 million net income for the third quarter, driven by a $197.3 million appreciation in its cryptocurrency reserves despite rising electricity and production costs.

Judge Permits Perpetual Stock Futures to Trade Despite CFTC Overreach Concerns

A federal judge denied an emergency request to halt stock perpetual futures from trading on exchanges like Coinbase and Kalshi, concluding that the CFTC likely overstepped its statutory authority by approving the products.

Huizenga Defeated in House Race Following $1M Crypto PAC Support

Rep. Bill Huizenga lost his reelection race to Democrat Sean McCann in Michigan's 4th Congressional District, despite receiving $1 million in backing from the cryptocurrency super PAC Fairshake.