Kraken-Backed KRAKacquisition Debuts on Nasdaq After Closing $345M Upsized SPAC IPO
Kraken-sponsored KRAKacquisition Corp has closed an overpriced $345 million initial public offering and began trading its SPAC units on Nasdaq. The blank-check company sold the 34.5 million units at the price of $10 per unit. The sale was accompanied by the entire exercise of the underwriter over-allotment option. The units started trading in Nasdaq Global […]
U.S. imposes sanctions on crypto exchanges tied to Iran for the first time
The exchanges were accused of facilitating transactions for the Islamic Revolutionary Guard Corps and are linked to an Iranian businessman convicted of embezzlement.
NYSE’s 24/7 plan could fix key problem for stock tokens, Ondo’s de Bode says
NYSE and Nasdaq introducing 24/7 trading with tokenized stock would be a “godsend,” solving thin weekend liquidity, Ondo Finance President Ian de Bode told CoinDesk in an interview.
Tether Ends 2025 With $10B+ Profit $6.3B Excess Reserves and Growing Treasury Holdings
Tether reported net profits above $10 billion in 2025 while strengthening reserve quality. The company also disclosed excess reserves of $6.3 billion by year-end. At the same time, exposure to US Treasuries climbed to a record $141 billion. These figures place reserve strength at the center of Tether’s 2025 performance. Tether Delivers $10B+ Profits in […]
Founder of OKX, one of the biggest crypto exchanges, blames bitcoin’s October crash on Binance
Months after Oct. 10’s flash crash and liquidation cascade, a fresh spat has opened between exchange executives and market watchers over whether a leveraged yield loop, thin liquidity, or busted market plumbing did the real damage.
How Low Can Cardano (ADA) Go in February: 4 AIs Make Interesting Predictions
The cryptocurrency market experienced another knockdown moment, and most leading digital assets posted painful declines. Cardano (ADA) is among the worst-affected, with its price plunging 10% weekly to around $0.32. The question now is whether a further pullback is coming and how low the valuation can go in February. To gain a better perspective, we […]
Don’t Miss Out! ZKP Crypto’s Massive $5M Giveaway is Stealing the Spotlight from ETH and LINK
The crypto market is heating up, and it’s time to move beyond the usual suspects! While Chainlink news reveals a token holding its ground with a rock-solid chart, the latest Ethereum price prediction is looking a bit sluggish as ETH battles a tough ceiling. These established giants are still in the game, but the real […]
Bitcoin ETFs Hit by $1.82B Shock as Investors Panic
Exchange-traded fund (ETF) investors have withdrawn nearly $1.82 billion from spot Bitcoin and Ether ETFs that are based in the US over the last five trading days, with the weakening of market sentiment following the precious metals rally. According to Farside, spot BTC ETFs lost $1.49 billion, while spot Ether ETFs experienced $327.10 million in
CZ Pushes Back on Claims Binance Triggered Historic $19B Crypto Liquidations
Changpeng Zhao, widely known as CZ, has rejected allegations that Binance played a central role in the largest liquidation event in crypto market history, an episode that erased roughly $19 billion in leveraged positions last October. Key Takeaways: CZ dismissed claims that Binance triggered the $19 billion Oct. 10 crypto liquidation. He said he spoke […]
Coinbase Insider Trading Lawsuit Advances Despite $2.9B Stock Sale Defense
A Delaware judge ruled Friday that a shareholder lawsuit alleging insider trading by Coinbase directors can proceed, rejecting a special committee’s recommendation to dismiss the case despite its 10-month investigation clearing the defendants. The decision affects several high-profile directors, including venture capitalist Marc Andreessen and CEO Brian Armstrong, who collectively sold over $2.9 billion in […]
Bitcoin Price Prediction: $50B Volume Drops 40% as BTC Tests $83K – Is a Breakdown Next?
Bitcoin is trading close to $83,000 after a sharp drop earlier this week that briefly pushed prices down to $81,000. The latest session brought a small gain of about 0.3%, but the overall trend is still weak. Price action remains stuck in a downward channel that has been in place since November, so the short-term […]
Bitcoin Estimated Leverage Ratio Spikes To New High — Fresh Volatility Ahead?
After surging toward the $100,000 mark a few days into the new year, the price of Bitcoin looks set to end January in stark contrast to how it started the month. On Thursday, January 29, the flagship cryptocurrency fell to a multi-month low of around $81,500, with the general market sentiment worsening over the past […]