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The surge came as investors turned optimistic about being able to redeem funds in the future, and Grayscale potentially winning an on-going lawsuit against the U.S. Securities and Exchange Commission (SEC) about converting the fund into an ETF after news about BlackRock’s filing for an ETF. GBTC doesn’t allow redemptions
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In recent crypto market shifts, retail investors may be migrating from Coinbase Global Inc. to Robinhood Markets Inc., according to an analysis by Mizuho Securities’ Dan Dolev. In an unexpected development in the crypto trading sphere, retail
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With a total of 111 million outstanding shares, Cava’s valuations stand at $2.45 billion at a price of $22 per share. On Wednesday, June 14, Cava – the Mediterranean fast-casual restaurant chain – priced its initial public offering (IPO) at $22 per share, much above the previously stated range. Cava said
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Binance’s market share dropped to 43% in May, while its spot trading volume dipped to $212 billion, recording the lowest monthly volume recorded since November 2020, when it traded $176 billion. In April, the exchange saw $287 billion worth of trading volume. Source
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New data has revealed that cryptocurrency exchange Binance has experienced a loss in market share after it ended its zero-free Bitcoin (BTC) trading.A report by CCData released in mid-May revealed that the exchange market share has continued to slide for the second consecutive, to 46.3%. This marks Binance’s lowest percentage
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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.In the past 12 months, Circle's USD Coin (USDC) has
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“The significance of this large volume can be positive, as it indicates liquidity and market validation,” said Ghergelas. “However, there are also potential negatives, as high volumes on Blend could increase the price volatility, impacting market stability and making it difficult for traders to predict price movements accurately.” Source
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In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter. Source
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The miner will sell up to $100 million common shares under its ATM offering, with Canadian investment firms Canaccord Genuity and Stifel acting as agents. Each exahash of bitcoin (BTC) mining computing power will cost $30 million, so the offering could fund up to 3 EH/s of growth. Source
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