Until the final hours of the Netherlands’ Oct. 29 election, Polymarket traders were convinced Geert Wilders’ nationalist Partij voor de Vrijheid (Party for Freedom) would cruise to victory. The market barely budged as Rob Jetten’s social liberal Democraten 66 (Democrats 66) climbed in every major poll. Then, within minutes of the first exit poll, D66 […]
Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that […]
Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC). Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust […]
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, […]
Solana’s SOL token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session, according to CoinDesk Research’s technical analysis model. The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term importance […]
MSTR, SMLR Lead Crypto Names Lower
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Crypto stocks suffered a red day on Friday, especially bitcoin treasury companies such as Strategy (MSTR) and Semler Scientific (SMLR) — each down roughly 6% even as bitcoin slipped only a bit more than 2%. Japan-listed Metaplanet is lower by 24%. The picture looks even worse when zooming out: changing hands at $376 early Friday […]
Bitcoin (BTC) was inching towards 85,000 during European trading hours on Tuesday as traders largely await the impact of U.S. tariffs slated for Wednesday. Dogecoin (DOGE) and Cardano (ADA) rose over 7% to lead muted gains among majors, with ether (ETH), XRP, Solana’s SOL and BNB Chain’s BNB were up nearly 5%. Overall market capitalization […]