Stock market news with a trader's focus, including crypto-related companies, ETFs and the market events that connect equities with digital assets.
Customers traded $17.0 billion of crypto on the app and Bitstamp, against $32.5 billion a year earlier. Event contracts rose 136% to 5.9 billion, according to the company's monthly figures.
The Tether-backed company held 43,514 BTC on September 30. Its chief executive told shareholders that "a balance sheet is not a business," and the company still lost $186.5 million over nine months.
House chairmen asked the former Nvidia chief for a closed-door interview on December 1 and said a subpoena will be issued if he does not accept. Lutnick has agreed to testify to the Senate Banking Committee, NBC News reported.
The Nasdaq-listed company owed about $64.1 million against 46,676 ether on November 9. By our calculation, Aave could start selling that collateral at an ether price near $1,717 if those figures have not changed.
Microsoft's status page still showed service degradation on Friday morning. The stock was about 2.8% below Thursday's close in premarket trading at 10:57 UTC.
The Bitcoin company now has no loan principal scheduled to mature this year. The loan is bigger than its stock market value, CoinDesk reported.
The report cites one unnamed source, and neither company has confirmed it. Gemini announced in February that it would leave the UK, the EU and Australia.
The board accepted Huang's resignation on November 11 and named a chair for the first time, the company's filing and press release show. The shares fell as much as 14.3% on Thursday and closed 4.3% lower.
The Avalon maker reported an $8.0 million quarterly profit that came from fair-value gains on its crypto holdings and derivatives, not from operations, and said it has been selectively monetizing crypto to fund share repurchases.
The Bitcoin treasury company is one of 24 deletions from the index in MSCI's November review, the first under its new rule for companies it classes as non-operating. Metaplanet leaves a Japanese small-cap index.
The bank's SEC filing values the stake at about $186.7 million on September 30. Citigroup's filing shows $118.9 million in Fidelity's Bitcoin fund. Neither filing shows whose money it is.
Revenue from the company's operating business was about $1.2 million. Its digital asset holdings, recorded at fair value, account for most of its assets.
More than 70 assets are expected, including Coinbase, Circle, Robinhood and Strategy. Dozens of large companies have objected to having their shares tokenized, Bitcoin Magazine reported.
Payward says the tokens are backed one-for-one by shares held at a regulated custodian. It says they are not available to investors in the UK or the United States.
Revenue was $3.0 million. The company had pledged 11,385 Bitcoin for an options strategy, and holders of its $1 billion convertible notes can require it to buy them back for cash on November 30.
The company held 5.9 million ETH at the end of August. Almost all of the loss came from unrealized declines in the value of its crypto.
A trade group that says Cboe and Citadel Securities are among its members is suing to overturn the CFTC's approval of the products. The SEC has also asked to file a brief.
In its first quarter as a listed company, the tokenization firm reported record average tokenized assets of $5 billion and a $66.3 million net loss, about 90% of which it attributed to largely non-cash charges mainly tied to its merger and listing.
Both were paid for from the $283.8 million Strategy raised by selling MSTR shares from November 2 to 8, according to a filing. Its holdings reached 850,364 BTC as of November 8, at an average cost of $75,456.
Reserve income fell 8%, but a token presale for Circle's Arc network lifted revenue. It also disclosed a workforce reduction of about 5%.
Adjusted net income, which strips out $715 million in gains on its crypto holdings and other items, was $78 million. Revenue was about flat from the second quarter.
The Bitcoin miner says it intends to keep selling Bitcoin to raise cash for AI infrastructure, convertible-note puts, and possible share buybacks. Third-quarter revenue fell 35%.
Ava Labs says Avalanche will provide the core ledger for the clearing firm of an NYSE-affiliated trading system designed for 24/7 trading. The venue still needs regulatory approval.
Crypto revenue fell 55% from a year earlier to $120 million, though it rose from $100 million in the second quarter. Net income fell 14%.
The purchase, funded by selling MSTR shares, came after a one-week pause. Strategy also bought back about $208 million of its STRC preferred stock.
