New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets.
Cipher Mining (NASDAQ:CIFR) stock is down 6% to $15.92 in the regular session this Thursday morning, leading the Bitcoin (CRYPTO:BTC) miner group lower on a broadly risk-off tape.
Federally chartered cryptocurrency bank Anchorage Digital submitted a declaration to a court in support of a lawsuit that aims to block an Illinois law that will tax crypto when it is exchanged, transferred or held in storage, the company said in a Tuesday (Sept. 8) blog post.
HOOD's Crypto.com deal adds a new prediction-market venue and equity stakes as event contracts surge and revenues reshape its business mix.
Crypto mining stocks are breaking from their traditional playbook Tuesday afternoon, climbing hard even as the coin they exist to mine drifts lower.
Robinhood entered a prediction market partnership with Crypto.com, according to a Tuesday (Sept. 8) press release.
Institutional crypto demand is gaining traction as ETF flows, regulatory progress and stablecoin adoption boost FIGR, CHYM and PAY.
The brokerage will add yes-or-no contracts from Crypto.com's prediction business, and take a stake in the digital-currency exchange.
The crypto treasury trade is showing cracks today, and the split between the two flagship equities is wider than the moves in the coins they hold. The Invesco QQQ Trust (NASDAQ:QQQ) is unchanged at $717.
As rallies in Bitcoin and Ethereum stall, Adam Lynch (@CharlesSchwab) takes investors through the price action of both to explain how "psychological levels" are playing a role in the sideways move. Along on Adam's radar: Strategy (MSTR) resuming Bitcoin purchases and perpetual futures for cryptocurrencies.
Crypto treasury stocks are outrunning a firmer tape at midday. The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 5% to $45.88, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $772.97.
Brian Vieten of Siebert explains what lead to the recent rally in Bitcoin off a recent floor the cryptocurrency established. He points to Strategy (MSTR) selling Bitcoin, paired with Clarity Act uncertainty, as two key culprits to the spring selloff.