Tag: Firm

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…

Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm

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On-chain data shows Bitcoin investors who purchased near the price top are choosing to hold even after the latest pullback. Bitcoin Cost Basis Distribution Shows Supply Still Firm Above $118,000 In a new post on X, the on-chain analytics firm Glassnode has discussed the latest trend in the Cost Basis Distribution Heatmap of Bitcoin. This indicator tells us about how much of the asset’s supply was purchased at the various spot price levels. In on-chain analysis, supply cost basis is considered a key concept, as investor behavior is often more…

Solana Surges 4% to $168 as Artelo Becomes First Pharmaceutical Firm to Adopt SOL

Key Notes Pharmaceutical company Artelo commits $9.475 million to Solana treasury, marking first biotech institutional adoption of SOL tokens. Technical analysis shows bullish MACD crossover with potential resistance at $180 level as SOL recovers from recent double-digit losses. Layer-2 project Solaxy positioned to benefit from institutional adoption wave, offering 70% staking APY ahead of mainnet launch. Solana SOL $166.6 24h volatility: 3.0% Market cap: $89.74 B Vol. 24h: $4.95 B price climbed 4.05% to trade at $168.48 on Monday, August 4, aligning with rivals Ethereum ETH $3 676 24h volatility:…

Metaplanet First Bitcoin-Stacking Firm To Buy Dip in August

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Metaplanet snapped up 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s 5% weekend dip. The Japanese investment company bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million), an average purchase price of about $115,895, Metaplanet said in a statement. This brought Metaplanet’s Bitcoin holdings to 17,595 Bitcoin, worth over $2 billion, maintaining its position as the world’s seventh-largest corporate Bitcoin holder. Source: Simon Gerovich While Metaplanet may be the first public company to announce buying Bitcoin in August, it followed a huge…

Bitcoin Fakeout? Research Firm Says Momentum Just Flipped Bearish

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s latest push towards $120,000 fizzled into a stall-out that now resembles a “failed breakout zone,” according to market analytics firm Swissblock. In a July 31 thread, the firm said “momentum has failed to ignite,” arguing…

Robinhood Q2 Crypto Revenue Doubles As Firm Doubles Down On Tokenization

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Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said in its earnings statement on Wednesday.  Despite beating Wall Street expectations, company shares slightly retraced in after-hours trading. Split of Robinhood’s transaction-based revenue for crypto, equities, options and “other.” Source: Robinhood Crypto volumes also increased…

Paris-Based Semiconductor Firm Sequans Boosts Bitcoin Treasury to Over 3,000 Coins

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Sequans Communications S.A. has acquired an additional 755 bitcoins for approximately $88.5 million. Sequans Acquires an Additional 755 Bitcoin The Paris-based semiconductor company disclosed that it purchased the leading cryptocurrency at an average price of $117,296 per bitcoin, inclusive of fees and expenses. This transaction brings Sequans’ total bitcoin holdings to 3,072 coins as of […] Original