Day: September 11, 2023

GBTC ‘discount’ hits smallest since 2021 despite BTC price at 3-month lows

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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity. The latest data from monitoring resource CoinGlass confirms that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD. GBTC retraces nearly two years of losses Bitcoin’s largest institutional investment vehicle, GBTC has seen its fortunes improve significantly since news that BlackRock, the world’s largest asset manager, said that it planned to file an application for the United States’ first Bitcoin spot price-based exchange-traded fund (ETF). This was music to…

FTX Bankruptcy Estate Holds $200M in Bahamas Property, $1.16B in Solana Tokens: Court Filing

The presentation also details $2.2 billion in cash, crypto, equity and real estate received by Bankman-Fried and other executives, including Nishad Singh, Zixiao “Gary” Wang and Caroline Ellison, in the months leading up to the bankruptcy. That may be significant because U.S. law allows such payments to be clawed back and added to the stock of assets that can be distributed to creditors. Source

Instacart Aims to Raise $616 Million in Upcoming IPO

As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated filing, Instacart disclosed its intention to set an offer price for its IPO within the range of $26 to $28 per share. This pricing range is significant, as it not only values the company but…

Dogecoin Future In Question: What’s Next After Today’s Price Drop?

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Dogecoin (DOGE), the beloved meme cryptocurrency that has captured the hearts of retail traders and internet enthusiasts, faced a critical juncture today as it witnessed a significant bearish breakdown below its key ascending support trendline. This trendline, which had offered a glimmer of hope to DOGE holders, seemed to be the last line of defense against a further price decline. In the latest price analysis, DOGE recorded a 6% dip, pushing its value below the pivotal support trendline. At the time of writing, Dogecoin was trading at $0.061346 according to…

Taiji Capital Brings Tokenization to Hong Kong’s Real Estate Market

As part of the security token issuance (STO), Taiji Capital will raise a total of $100 million HK by selling the PRINCE tokens. This will significantly reduce the financing costs marking a major shift in real-estate investment.  In the latest development, the Taiji Capital Group is looking for a revolutionary transformation in Hong Kong’s real estate market through security token issuance (STO). Taiji Capital unveils a closed-ended fund managed by its subsidiary firm Pioneer Asset Management. The funds collected will be used to secure ownership rights for a set of…

Pro-XRP Lawyer John Deaton Reveals The Countries Topping The 75,000 Holder List

Over the course of Ripple’s legal battle with the United States Securities and Exchange Commission (SEC), John Deaton has grown to become one of the most prominent voices in support of the crypto firm. The result of this was a list containing 75,000 potential intervenors, all of which hold XRP. Up until now, the regional composition of this 75,000-holder list has been unknown. But Deaton has finally revealed which countries are leading the pack as ‘potential intervenors.’ The United States Leads The 75,000 XRP Holder List In a tweet shared…