Crypto stocks IREN, NAKA struggle amid convertible note deals
IREN and Kindly MD are raising big money through convertible notes, but traders reacted negatively following each of the companies’ multimillion-dollar deals.
IREN and Kindly MD are raising big money through convertible notes, but traders reacted negatively following each of the companies’ multimillion-dollar deals.
Ethereum is moving in tandem with small-cap stocks, and analysts say both assets could rise together with four potential Fed rate cuts ahead.
The AFL-CIO says the Senate’s crypto framework bill “provides the facade of regulation” that would expose workers’ retirement funds to risky assets.
CleanCore Solutions says it wants to scale its treasury “responsibly with transparency and resilience” as it aims to accumulate 1 billion Dogecoin tokens.
ETF analyst Eric Balchunas says Canary Capital’s filings for spot Litecoin and HBAR funds are seemingly finalized, but the government shutdown will delay their launch.
Strategy’s $78 billion stash of Bitcoin is close to the cash positions held by Amazon, Google and Microsoft, the last of which rejected Bitcoin as a treasury asset last year.
Based on Bitcoin’s price at the start of October, a $140,000 price tag by the end of the month is consistent with its average gains in October over the years.
Ether’s short-term correction may set the stage for a larger upside move as ETH’s liquidity metrics turn increasingly favorable.
Solana pulled in $2.85 billion in annual revenue across DeFi, AI and trading apps, as institutions push the network into mainstream finance.
The Bank of England may relax proposed caps on corporate stablecoin holdings after industry backlash, as the UK races to stay competitive in the $314 billion market.