Citibank, SDK Partner to Tokenize $74B Private Equity Market

Key Notes Citi’s Nisha Surendran highlighted the inefficiencies of traditional private equity transactions and how tokenization can help solve this. Citi and SDX’s initiative reflects growing interest in real-world asset (RWA) tokenization, with Citi positioning itself as a leader in this space. SDX CEO David Newns emphasized the potential of blockchain to innovate private markets, overcoming regulatory and infrastructural challenges. Investment banking giant Citibank has joined hands with Switzerland’s SIX Digital Exchange (SDX) to modernize the $75 billion private equity market using tokenization. At the Point Zero Forum in Switzerland,…

Bitcoin (BTC) Mining Opportunity is About $74B, JPMorgan (JPM) Says

JPMorgan cut its CleanSpark (CLSK) price target to $10.50 from $12.50 while maintaining its neutral rating on the shares. It reduced the Iren (IREN) price target to $9.50 from $11 and kept its overweight rating. Underweight-rated Marathon Digital’s (MARA) price objective was lowered to $12 from $14, and overweight-rated Riot Platforms’ (RIOT) price objective was trimmed to $9.50 from $12. Source

SpaceX Valuation Increases to $74B as Company Raises $850M in Funds

SpaceX has completed another successful funding round which boosted its valuation. SpaceX, an Elon Musk’s company focused on space exploration and transportation, has just completed enormous funding of $850 million. This was made known by a report of CNBC that says the SpaceX valuation has now risen to as high as $74 billion. According to the report, the company was able to raise this level of funding by selling its shares for $419.99. This is just a cent less than when the founder declared that he had secured funding to…

Record $7.4B Bitcoin futures open interest shows pros still expect $20K BTC

Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open interest on aggregated futures contracts reached $7.4 billion at derivatives exchanges.  BTC futures aggregate open interest. Source: Skew As depicted above, there has been a 110% increase over the past 6 months, and it is also worth noting that the Chicago Mercantile Exchange (CME) now holds over $1.1 billion of these contracts. This data is…