“There is no major negative fundamental catalyst that we can see,” Dorman said. “These kinds of big movements are common after SPACs because the entire investor base turns over from fixed-income-oriented SPAC buyers to new, fundamentally driven long-term equity owners.” SPAC merger tickers are often volatile in their early days of trading. These vehicles raise […]
The opportunity has drawn growing interest across Wall Street. Citi projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033. “We have long said that public equities are moving onchain, and there is no stronger validation of that belief […]
Securitize, a tokenization specialist backed by BlackRock, said Monday it cleared a final major hurdle to becoming a public company after shareholders of Cantor Equity Partners II (CEPT) approved the firms’ proposed merger on Monday. The transaction is expected to close on Wednesday, subject to customary closing conditions, with the combined company beginning trading Thursday […]
The months of waiting have ended, and SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into the largest IPO in history. What happens next could ripple across financial markets, including crypto. One theory making the rounds is that recent outflows of over $5 billion from bitcoin BTC$63,553.89 ETFs, which […]
India’s Asset Reserve Certificate (ARC), a fully collateralized stable digital asset developed by Ethereum scaling and infrastructure development giant Polygon and India-based fintech firm Anq, could go live in the first quarter of 2026, sources familiar with the matter told CoinDesk. Sources said that each ARC token will trade 1:1 with the Indian rupee and […]
Bleeds Despite ‘Very Solid’ ETF Debut
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The long-awaited debut of spot Solana ETFs in the U.S. drew solid demand, according to analysts — but you would not know it judging by the SOL SOL$168.09 price action. The token, which notched a $205 high one day before last Tuesday’s ETF launch, has tumbled 20% to $165 in a week. It has well […]
Conduit, a stablecoin-focused cross-border payments provider, said on Thursday it has teamed up with Brazil’s Braza Group for real-time foreign exchange (FX) swaps between the Brazilian real and major foreign currencies using stablecoins. The service allows users to convert Brazilian real to U.S. dollars or euros and settle transactions in minutes with stablecoins —a sharp […]
Galaxy Digital is moving closer to a U.S. stock market listing after the Securities and Exchange Commission (SEC) approved its registration statement tied to a corporate reorganization. The crypto and AI infrastructure firm, currently listed in the Toronto Stock Exchange, aims to shift its home base from the Cayman Islands to Delaware and list shares […]