Adam Back-led bitcoin treasury company to go public via Cantor SPAC in $1.5 billion PIPE deal
After days of rumors, the Adam Back-led Bitcoin Standard Treasury Company announced it has entered into a definitive agreement for a business combination with via a SPAC, in a $1.5 billion PIPE finan...
Wall Street is talking a lot more about stablecoins
Stablecoins — crypto assets typically pegged to the US dollar and supposedly backed by ample, easy to sell, super safe securities like US Treasurys — are thought to be the most boring corner of the cr...
Peter Thiel’s fund reveals 9.1% stake in BitMine, shares explode higher
Peter Thiel’s Founders Fund bought a 9.1% stake in BitMine Immersion Technologies , according to SEC filings, a major vote of confidence in the crypto mining and (newly launched) treasury company fro...
Standard Chartered to offer spot bitcoin and ethereum institutional trading, a first for a “too big to fail” bank
Standard Chartered announced the launch of and trading for institutional clients through its UK branch, becoming the “first global systemically important bank to offer secure, regulated and scalabl...
NYSE Arca approves ProShares leveraged XRP futures ETF
NYSE Arca certified its approval for the listing of the futures-based ProShares XRP Ultra ETF and the fund has started trading under the ticker UXRP today. The leveraged ETF targets 2x the daily retur...
Crypto giant Grayscale confidentially files for IPO
Grayscale Investments is preparing to go public. The firm confidentially submitted a draft registration statement on Form S-1 to the SEC. It’s the latest crypto firm filing for an IPO, coming on the h...
Bitcoin crosses $123,000 ahead of “Crypto Week”
Just in time for “Crypto Week,” smashed another record , crossing $123,000 for the first time early on July 14. A year ago, bitcoin was around $60,000 — a 102% jump. Institutional inflows, short sque...
Robinhood hits new highs, valuations be damned
shares hit new all-time highs of over $101 Friday morning amid an upsurge in crypto prices. (Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company sub...
Bitcoin rally continues to break records, crossing $118,000 for another high
Bitcoin has been on a wild ride in the past 48 hours, hitting new all-time highs one after the other and crossing $118,000 yesterday. To put this in context, was at $57,388 exactly one year ago — an ...
Bitcoin hits another milestone, passing $113,000 for new high
Fresh off yesterday’s new record, set a new all-time high today, crossing $113,00 less than 24 hours later. Alexander Blume, CEO of Two Prime, told Sherwood News that bitcoin momentum has been quietl...
Circle jumps on report of Ant Group adopting its stablecoin
Newly public stablecoin giant was up 4% as the market opened, following a Bloomberg report that Jack Ma-backed Ant Group will use its stablecoin on the Chinese fintech company’s blockchain platform ...
Everyone’s buying bitcoin except Strategy
It’s been a great week for , which hit a new all-time high yesterday, crossing $112,000 for the first time. Bitcoin treasury companies also notched a record, acquiring 159,107 bitcoin in Q2, accordi...
US stocks rise, with bitcoin and Nvidia reaching new milestones
The S&P 500 rose 0.6%, the Nasdaq 100 gained 0.7%, and the Russell 2000 advanced by 1.1% on Wednesday. Bitcoin reached a fresh record high for the first time since May , hitting a peak of 112,009.39. ...
Bitcoin hits new all-time high, passing $112,000
hit a new all-time high today, crossing $112,000 for the first time, passing the previous record of $111,970 reached on May 22, aka Bitcoin Pizza Day . “Bitcoin has performed far better than the doom-...
Ripple, Garlinghouse, and XRP are having a great day
Ripple is having a big day, with a slew of news helping to boost its native token, , as its CEO, Brad Garlinghouse, testifies today before the US Senate Committee on Banking, Housing, and Urban Affair...
SharpLink soars on ethereum acquisition
Sportsbook marketing firm is wasting no time stockpiling ethereum for its recently launched treasury, now holding 205,634 . The company’s latest acquisitions were between June 28 and July 4, when it ...
A tiny semiconductor company is surging after raising 7x its market value to buy bitcoin
On June 23, Sequans Communications, a developer and provider of 5G/4G Internet of Things semiconductors and modules, was a less than $50 million market cap company announcing plans to raise $384 milli...
Semler jumps on Benchmark initiating coverage with a “buy” rating
Benchmark Equity Research initiated coverage of today with a “buy” rating and a price target of $101, a 159% upside from today’s price, following the company’s bitcoin pivot in May. Shares of Semler,...
Robinhood price target doubled by Citi
Citi analysts jacked up their price target on options, crypto, and stock brokerage firm on Monday, lifting it to $100 a share (from $50) while keeping a “neutral” rating on the stock. (Robinhood Mark...
Bit Digital jumps as it completes transition to ethereum treasury
Publicly traded digital asset platform announced it had completed its digital asset treasury transition to from . It now holds 100,603 ethereum (worth over $250 million at current prices) to become “...