TradFi

SocGen doubles down on stablecoins with USD launch and BNY custody

SocGen doubles down on stablecoins with USD launch and BNY custody

Leave a Comment / Banking, Featured, Stablecoins, TradFi /

Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like […]

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Circle’s CRCL stock skyrockets 22% in pre-market trading amid fervent institutional interest

Circle’s CRCL stock skyrockets 22% in pre-market trading amid fervent institutional interest

Leave a Comment / circle, CRCL, Stablecoin, Stablecoins, TradFi, Trading, USDC /

Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly

Circle’s CRCL stock skyrockets 22% in pre-market trading amid fervent institutional interest Read More »

Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above B

Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above $3B

Leave a Comment / Adoption, crypto, ETF, Featured, TradFi /

Spot Ethereum (ETH) exchange-traded funds (ETFs) notched a 14-session streak of net inflows as of June 5, fueled by investment advisors and hedge fund managers. According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million. This movement resulted in total net inflows of over $3

Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above $3B Read More »

Gemini files confidential IPO draft as Circle’s shares register a new all-time high near 4

Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124

Leave a Comment / Adoption, crypto, Exchanges, Featured, TradFi, Trading /

Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement.  The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their

Gemini files confidential IPO draft as Circle’s shares register a new all-time high near $124 Read More »

institutions cut Bitcoin ETF exposure by 23% in Q1

institutions cut Bitcoin ETF exposure by 23% in Q1

Leave a Comment / Analysis, crypto, ETF, Featured, TradFi /

Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF

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Circle stock price skyrockets 234% in less than 30 minutes causing multiple trading halts

Circle stock price skyrockets 234% in less than 30 minutes causing multiple trading halts

Leave a Comment / Adoption, crypto, Featured, Stablecoins, TradFi, Trading /

Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million

Circle stock price skyrockets 234% in less than 30 minutes causing multiple trading halts Read More »

Circle makes Wall Street debut as first major stablecoin issuer on NYSE

Circle makes Wall Street debut as first major stablecoin issuer on NYSE

Leave a Comment / circle, Culture, Featured, Stablecoins, Technology, TradFi, Trading, USDC /

Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy

Circle makes Wall Street debut as first major stablecoin issuer on NYSE Read More »

Bluebird gold mining company embraces Bitcoin in bold shift from tradition, shares soar 60%

Bluebird gold mining company embraces Bitcoin in bold shift from tradition, shares soar 60%

Leave a Comment / Adoption, Bitcoin, Bluebird, crypto, gold, TradFi, Uk /

Bluebird Mining Ventures Ltd., a London-listed gold exploration company with operations across Asia, has unveiled plans to adopt Bitcoin as part of its treasury management strategy. The firm announced the move on June 5 in a post on X (formerly Twitter), signaling a significant departure from the traditional capital allocation models in the UK mining

Bluebird gold mining company embraces Bitcoin in bold shift from tradition, shares soar 60% Read More »

Venezuelans turn to stablecoins as Government arrests Instagram FX rate account mods

Venezuelans turn to stablecoins as Government arrests Instagram FX rate account mods

Leave a Comment / Crime, Stablecoins, TradFi /

Venezuela’s government has arrested at least 20 moderators of the popular Instagram page “Monitor Dólar,” accusing them of terrorism, money laundering, and fraud for publishing the widely used parallel exchange rate, Interior Minister Diosdado Cabello has reported.. The sweep, which began in night‑time raids on May 29, revives tactics last seen during the country’s 2013‑18 hyper‑inflation

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Circle set to exceed IPO expectations after overwhelming investor demand

Circle set to exceed IPO expectations after overwhelming investor demand

Leave a Comment / Adoption, crypto, Featured, Stablecoins, TradFi, Trading /

Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to

Circle set to exceed IPO expectations after overwhelming investor demand Read More »

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