CRYPTO EXCHANGE NEWS
Gemini confidentially files for US IPO as crypto markets heat up
Gemini, run by the Winklevoss twins, has confidentially filed for a US IPO. This move comes as crypto firms see renewed market strength. Circle's recent successful debut has encouraged others. Experts say crypto firms should seize this opportunity. The IPO surge signals growing confidence in the crypto industry. This could bring more transparency and capital to the market.
Price wars hurt payment firms; CG Power’s fab play falters
Happy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
After losses in FTX, which went bankrupt in 2022, Temasek slashes early-stage startup investments by 88%
Singapore's Temasek, a major global investor, has significantly cut its early-stage startup investments by 88% since 2021, reducing from $4.4 billion to $509 million in 2024. This shift follows the FTX collapse and a $275 million write-off.
SEC Drops Lawsuit Against Binance, a Crypto Exchange
The SEC dismissed its lawsuit against Binance and Changpeng Zhao, signaling a retreat on crypto enforcement. This follows Zhao's guilty plea on money-laundering charges and a broader rollback of SEC regulations under the Trump administration. The Trump family's increasing involvement in the crypto industry, including deals and investments, raises conflict-of-interest concerns amid eased regulations.
Australia sues ex-director of crypto exchange Blockchain Global over alleged duty breaches
The allegations relate to Guo's dealings with ACX Exchange customer funds, statements made about those dealings and obligations to keep proper books and records. The regulator had started an investigation into the firm in January 2024, following a receipt of a report from the firm's liquidators, which said that Blockchain Global owed around A$58 million ($37.3 million) to unsecured creditors as of October 2, 2023.
Trump's promise to make US world's 'crypto capital' to be a reality soon? Check details
Donald Trump's media company, TMTG, is reportedly planning to raise $3 billion for cryptocurrency ventures, including Bitcoin. This move follows Trump's vow to make the US a 'crypto capital' and his administration's efforts to loosen regulations on the industry. The capital raise is expected to be announced ahead of a major crypto investor meeting this week.
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Trump Media to raise $3 billion to spend on cryptocurrencies: Report
The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims to diversify into financial services. Last month, Trump Media reached a binding agreement to launch various retail investment products, including crypto and exchange-traded funds aligned with Trump's America First policies.
Lost money to finfluencers’ advice? All that glitters is not gold, here's how to steer clear of non-credible financial advice
Many individuals have lost significant amounts of money due to following advice from social media influencers, who often lack transparency when it comes to making brand-related disclosures. The Securities and Exchange Board of India has issued warnings about unregistered advisors. Investors are advised to be cautious and verify credentials before making investment decisions.
Who won a seat at Donald Trump's crypto dinner?
The event's invited guests were not known publicly beforehand, even to each other. They were identified only by the pseudonyms they used on the electronic wallets where they kept their $TRUMP meme coins. Most had gained an invitation by becoming one of the top 220 holders of that meme coin over a certain period of time. The Top 25 of those were given VIP status and afforded a more intimate gathering before the dinner and an unofficial tour of the White House on Friday.
Gold rate, Bitcoin price prediction: Rich Dad Poor Dad author Robert Kiyosaki makes jaw-dropping claims
Rich Dad Poor Dad author Robert Kiyosaki has made bold predictions about gold price. He also predicted the Bitcoin price.
Bitcoin surges to all-time peak as crypto sentiment improves
Bitcoin reached a new record high, surpassing its previous peak. This surge is attributed to easing trade tensions and investors seeking alternatives to the dollar. Institutional momentum and a favorable regulatory environment are also contributing factors. JPMorgan will allow clients to buy Bitcoin. Despite a data breach probe, a price target of $150,000 in 2025 is anticipated.
Wheels and deals: Did Pakistan manage to 'buy' Trump?
During his second term, Donald Trump's stance on Pakistan shifted dramatically, praising the nation and offering to mediate in Kashmir. This change of heart coincided with deals between Pakistani entities and ventures linked to the Trump family, raising concerns about potential influence buying.
Here are the foreign nationals attending Donald Trump's crypto gala dinner, critics call it an unprecedented level of corruption; here's how much each paid and what to expect, claims reports
Donald Trump is hosting a private dinner for top buyers of his memecoin. Many are foreign investors, raising concerns about fairness and corruption. Only 220 people are invited.
Global stocks, Bitcoin rally on renewed trade deal hopes
Global stocks showed strength, nearing six-week highs. This followed a US-UK trade agreement, boosting hopes for tariff talks. India offered tariff cuts to the US, seeking exemptions. Germany's Dax hit a record high. The US-UK deal is seen as a positive sign for trade relations. Investors shifted from bonds to stocks. Bitcoin reached its highest level since January.
Bitcoin trades near $97,000 ahead of US Fed policy meeting; Altcoins jump up to 13%
Bitcoin briefly surpassed $97,000 amidst a broad cryptocurrency rally, fueled by anticipation surrounding the US Federal Reserve's interest rate decision and easing geopolitical tensions. Ethereum also saw gains, contributing to a global crypto market capitalization of $3 trillion.
Bitcoin is digital equivalent of gold, showing signs of decoupling from Nasdaq: Jefferies' Chris Wood
As bond yields rise and geopolitical tensions intensify, Bitcoin is showing signs of evolving into a digital safe-haven like gold. Jefferies' Chris Wood notes Bitcoin’s recent divergence from Nasdaq as a key milestone in its store-of-value credibility.
Dinner with the president: Trump meme coin surges on offer to top buyers
Donald Trump's meme coin, $TRUMP, surged after an announcement promising top holders a dinner with the former president. This event, coupled with Trump's crypto ventures and promises to be a "crypto president," raises conflict of interest concerns. Ethics watchdogs criticize the initiative as potential "grifting.
Bitcoin keeps rising as Trump seeks to ease trade and Fed Reserve tensions
The largest cryptocurrency rose about 3% before trimming some gains to exchange hands at $93,804 at 7:28 a.m. in London on Wednesday. Smaller tokens including Ether, XRP and Solana also rose.
This crypto presidency should worry us all
Donald Trump's administration has reversed crypto regulations, dismantling the SEC's crypto enforcement efforts while his family launches crypto ventures. This deregulation may increase criminal activity and destabilise financial markets. Critics warn it echoes the 1920s financial turmoil, undermining investor protection and endangering the stability of the financial system.
Adani stocks rally up to 6% as Trump sarkar retreating from foreign bribery cases
Adani Group stocks rose up to 6% amid reports that the Trump administration is backing away from foreign bribery cases. This follows the US administration's executive order pausing prosecutions under the Foreign Corrupt Practices Act, affecting ongoing legal scrutiny of Adani's alleged $265 million bribery scheme.
Marc Benioff interview; Meta’s antitrust case
Salesforce CEO Marc Benioff is optimistic about a resolution to Trump’s trade war. This and more in today’s ETtech Top 5.
Bitcoin dips below $77k on trade war jitters; Altcoins drop up to 7%
Bitcoin and other cryptocurrencies experienced a decline on Wednesday due to heightened trade tensions following U.S. tariffs on Chinese imports. Bitcoin fell over 3%, trading around $76,929, while Ethereum dropped 7% to $1,464. Market volatility is expected to remain high, with traders advised to be cautious of leveraged positions as altcoins also shed gains.
How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights
Satish Mishra, CTO of Pi42, explains the importance of understanding social media's influence on crypto tokens. He highlights factors like market sentiment, liquidity, and the role of traditional financial markets. Mishra also discusses various crypto segments, key indicators like RSI, and the importance of moving averages for informed trading decisions.
Donald Trump's shares worth $2 billion in Trump media are up for sale. Details here
Donald Trump is the largest single shareholder in Trump Media, controlling roughly 53 per cent of its shares.
Crypto traders on taxmen radar; Spinny fuels up
Indian tax authorities are scrutinising Binance traders over compliance concerns. This and more in today’s ETtech Top 5.
Is Pi Network losing its momentum? Here are three alternatives to buy
Pi Network is struggling due to transparency issues and a lack of major exchange listings, causing investors to seek alternatives. This article highlights Solaxy (SOLX), a Layer-2 scaling solution for Solana, Bitcoin Bull (BTCBULL), a Bitcoin-linked meme coin with rewards, and MIND of Pepe (MIND), an AI-driven meme coin with automated trading tools. These new cryptos are gaining momentum with successful presales and strong investor interest.
Fidelity Investments tests dollar-pegged stablecoin
U.S. asset manager Fidelity Investments is exploring whether to launch its own stablecoin, in the latest sign of mainstream investors looking to cash in on a revival of interest in cryptocurrencies.
BlackRock debuts Bitcoin exchange-traded product in Europe
BlackRock Inc., the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency.
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