Tag: Exchange

Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply

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Ethereum (ETH) has surged above the $4,000 mark for the first time since last December, signaling a strong return of bullish momentum. After several days of heightened volatility and market uncertainty, buyers have regained control, pushing prices to levels not seen in months. The breakout reflects a combination of improving market sentiment, robust fundamentals, and growing institutional interest in the leading smart contract platform. Related Reading On-chain data from CryptoQuant adds further fuel to the bullish narrative, showing that ETH exchange reserves continue to decline steadily. This trend suggests that…

Crpyto Exchange Binance Said to Adds Spanish Bank BBVA for Off-Exchange Custody: FT

Binance, the largest cryptocurrency exchange by volume traded, enlisted Spain’s third-largest bank, BBVA, to provide custody services as it looks to improve protection for customers by isolating their assets from any disruption that might occur to the trading platform, the Financial Times reported. The custody arrangement separates trading activities from the funds backing the transactions by parking client assets in U.S. Treasuries held by BBVA. Binance then accepts the Treasuries as margin for trading, the FT said, citing people familiar with the process. If Binance were to fail, funds would…

ATOM Surges 3% as Cosmos Ecosystem Gains Exchange Support

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UK-Based Fiinu Discloses £12M Purchase of Foreign Exchange Brokerage Firm Everfex

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Fiinu has announced the proposed acquisition of foreign exchange brokerage Everfex P.S.A. in a transaction valued at up to £12 million. Under the terms of the agreement, Fiinu will issue 80 million new ordinary shares to Granicus Holdings O.Ü, the sole owner of Everfex, at a price of 10 pence per share, equating to an initial consideration of £8 million. An additional £4 million may be payable if Everfex meets certain performance targets after 1 January 2026. This further consideration would be settled via 20 million new Fiinu shares at…

SBI Holdings Proposes Bitcoin/XRP ETF for Tokyo Stock Exchange

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Japan’s SBI Holdings said it plans to launch a bitcoin/ XRP exchange-traded fund (ETF) on the Tokyo Stock Exchange, but the launch is contingent on the Financial Services Agency approving cryptocurrency-linked investment trusts and ETFs. FSA’s Regulatory Review The Japanese financial services group, SBI Holdings, recently revealed its plan to launch a bitcoin/ XRP exchange-traded […] Source

Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 Debt Offering

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The leading US-based crypto exchange by trading volume is experiencing a drop in stock value while it announces a $2 billion debt offering. Today, Coinbase Global (COIN) announced plans to offer $2 billion in convertible senior notes through a private placement to qualified institutional buyers. The offering, which is subject to market conditions, includes $1 billion in notes due by 2029 and another $1 billion due by 2032. Coinbase says it may also grant initial purchasers options to buy up to an additional $150 million of each series within 13…

MEXC Becomes Shareholder in $200M Triv Crypto Exchange

Key Notes MEXC Ventures is now a shareholder in Triv, following a strategic investment. The move is part of MEXC’s expansion strategy for the Southeast Asia region. The Finance Ministry of Indonesia hinted at the coming of a significant policy shift on cryptocurrency taxes. MEXC Ventures, the investment arm of crypto exchange MEXC, has earned a stake in Indonesia-based Triv following a strategic investment in the trading platform. Though the specific valuation of the investment was not disclosed, it is worth noting that the move is part of MEXC’s expansion…

Peter Thiel-Backed Crypto Exchange Bullish Files for $4,230,000,000 IPO: Report

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A crypto exchange backed by billionaire investor Peter Thiel is seeking to file for an initial public offering (IPO) worth over $4.2 billion. According to a new Reuters report, the billionaire-backed Bullish is targeting a $4.23 billion valuation for its upcoming US IPO. Bullish reportedly plans to invest many of the IPO funds in US-dollar-backed stablecoins. Bullish plans to offer 20.3 million shares priced between $28-$31, seeking up to $629 million. The news comes on the heels of another Thiel-backed firm, BitMine, announcing that it has accumulated over $3 billion…

Peter Thiel-backed Bullish Exchange Targets $4.2B Valuation in Second IPO Bid

Key Notes The exchange targets a $4.2 billion valuation, significantly lower than its abandoned $9 billion goal from 2021. Major underwriters including JP Morgan and Citigroup will help convert substantial IPO proceeds into stablecoins. This offering follows Circle’s successful $1.05 billion IPO amid growing crypto-friendly US regulatory environment. Bullish, a cryptocurrency exchange based in the Cayman Islands, looks to raise $629.3 million through an initial public offering (IPO) in the US. The company backed by billionaire Peter Thiel, intends to trade under the symbol “BLSH,” and will offer 20.3 million…

Crypto Exchange Bullish Targets Up to $629M in NYSE IPO, Backed by BlackRock and ARK

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Crypto firm Bullish plans IPO that could raise up to $629 million, joining a growing list of blockchain companies seeking capital as regulatory sentiment shifts in their favor, Coindesk reported. The company has filed to list 20.3 million shares on the New York Stock Exchange under the ticker “BLSH” at a price range of $28 to $31. At the top of that range, the offering would be valued Bullish at approximately $4.2 billion, according to its updated F-1 filing with the U.S. Securities and Exchange Commission. The IPO includes an…