Nasdaq | Crypto

The crypto VC giant plans a reverse merger with Nasdaq-listed fintech Currenc, giving Animoca shareholders majority control of the new entity. Animoca Brands, a major venture capital investor in the cryptocurrency industry, is planning a Nasdaq listing next year via reverse merger with the AI-focused public fintech company Currenc Group. Currenc has entered a non-binding term sheet with Animoca to acquire 100% of Animoca Brands’ issued shares via a reverse merger targeting a Nasdaq listing under the Animoca Brands name, according to a joint statement on Monday. “Upon completion of the reverse merger the shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the merged entity,” Animoca co-founder Yat Siu said in a letter to shareholders. The remaining 5% would be held by Currenc shareholders. Read more

Bitcoin is currently trading at a roughly 30% discount compared to its Nasdaq 100-implied fair value. While any high-conviction Bitcoiner already knows how cheap the asset is right now, this ratio highlights the knock-down BTC price in proportion. And it’s a divergence that has historically implied a deep undervaluation. According to data from ecoinometrics, based […] The post Bitcoin is trading at a 30% discount relative to Nasdaq fair value appeared first on CryptoSlate.

For nearly five years, XRP was the crypto token that couldn’t shake its courtroom shadow. This resulted in its price stagnating, exchanges delisting it, and institutional desks quietly stepping away as the US Securities and Exchange Commission (SEC) pursued Ripple Labs over allegations of unregistered securities sales. During that time, other assets sprinted ahead. Bitcoin […] The post The XRP era: $1B Nasdaq listing and 1,000% liquidity surge mark a sensational comeback appeared first on CryptoSlate.

In a letter to the US regulator, Ondo argued that Nasdaq’s plan relies on undisclosed settlement details that could favor big players. Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement. While acknowledging support of Nasdaq’s move toward tokenization, Ondo warned that “Nasdaq’s reference to non-public information implies differential access that deprives other firms of a fair opportunity to comment.” Read more

The move marks the debut of Nasdaq’s first Tether Gold-backed corporate treasury, which will be established via a $150 million financing round. Nasdaq-listed wealth and asset management services provider Prestige Wealth is rebranding to Aurelion Treasury to launch the Nasdaq’s first Tether Gold-backed corporate treasury as more Wall Street companies explore digital asset offerings. To launch Nasdaq’s first Tether Gold (XAUT) treasury, the company announced the closure of a $100 million Private Investment in Public Equity (PIPE) financing round from anchor investor Antalpha Platform Holding Company and other accredited investors, including TG Commodities S.A. de C.V. (Tether), the company said Friday. The company also secured a three-year, $50 million senior debt facility from Antalpha Management, bringing its total funding to $150 million, according to a filing with the US Securities and Exchange Commission. Read more

Bitcoin is now less volatile than nearly every company in the Nasdaq 100, according to new research from CEX.io According to the firm, every company in the Nasdaq 100 currently exhibits higher realized volatility than Bitcoin on a three-month basis, with the trend extending to both shorter and longer time horizons. In sharp contrast, Bitcoin’s […] The post Bitcoin’s volatility drops below Nasdaq 100 firms as maturation marks milestone appeared first on CryptoSlate.

Gemini made a strong entrance on Wall Street on Sept. 12, with its stock price surging over 50% within the intial hours of their first day of trading on the Nasdaq. The stock, listed under the symbol GEMI, opened at $28 per share and quickly advanced in the opening hours. Prices briefly touched $40 before […] The post Gemini shares hit $40 within hours of Nasdaq debut, showcasing Wall Street’s crypto appetite appeared first on CryptoSlate.

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income. DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%. The comparison positions the DeFi platform ahead of one of the […] The post Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row appeared first on CryptoSlate.

Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities. Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities. Gemini shares briefly topped $40 on Friday, according to Yahoo Finance data, before retreating later in the session. By the afternoon, Gemini was trading near $35 a share, up 24% on the day, for a market cap of around $1.3 billion. The company priced its initial public offering at $28 per share late Thursday — well above its initial target range of $17 to $19, and even higher than the upwardly revised $24 to $26 range. Read more

The split underscores uneven price performance among publicly traded companies betting on digital asset treasuries. Shares of crypto-linked companies diverged sharply on Tuesday, with Hong Kong’s QMMM Holdings rocketing more than 1,700% after unveiling a blockchain strategy, while Canada’s Sol Strategies tumbled 42% in its Nasdaq debut. QMMM, a Hong Kong–based investment holding company, said Tuesday it will integrate artificial intelligence with blockchain to build a platform combining crypto analytics and a Web3 autonomous ecosystem. The firm also plans to establish a “diversified cryptocurrency treasury” focused on Bitcoin (BTC), Ether (ETH) and Solana (SOL). QMMM’s stock performance shot through the roof after the announcement, rising over 2,100% before closing its Nasdaq trading up 1,737%. Read more

Bitcoin price prediction: Nasdaq invests $50M in Gemini IPO, Ripple teams with BBVA, and Vietnam launches 5-year crypto pilot as BTC eyes $117K breakout. The post Bitcoin Price Prediction: Nasdaq’s $50M Gemini Bet and Global Crypto Shake-Up appeared first on Cryptonews.

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has lined up Nasdaq as a strategic investor as it prepares to go public in New York this week, Reuters reported on Sept. 9, citing people briefed on the matter. According to the report, the share sale could raise up to $317 million, with Nasdaq […] The post Winklevoss twins’ Gemini gears up for public debut this week with Nasdaq backing appeared first on CryptoSlate.

Eric Trump was removed from ALT5 Sigma Corporation’s board of directors due to Nasdaq listing rule requirements, according to a filing disclosed on Sept. 9. The August filing stated that “to comply with Nasdaq’s listing rules,” the company restructured its board composition, but did not specify which particular rule triggered Eric Trump’s removal. Trump now […] The post Eric Trump removed from ALT5 Sigma board following Nasdaq rule compliance requirements appeared first on CryptoSlate.

Bitcoin trades near $112K as Nasdaq pushes tokenized stocks, whales buy big, and charts tighten. Breakout above $113.4K could target $117K next. The post Bitcoin Price Prediction: Nasdaq’s Tokenized Stocks and Whale Buys Boost $130K Hype appeared first on Cryptonews.

CoinShares will list on the Nasdaq as the latest crypto company to make the move to go public in the United States.

Nasdaq has filed for a rule change with the SEC that would allow regulated exchanges in the US to trade tokenized stocks. Nasdaq, the world’s second-largest stock exchange by market capitalization, is seeking regulatory approval from the US securities regulator to list tokenized stocks. Nasdaq filed a request Monday with the US Securities and Exchange Commission (SEC) asking for a rule change that would allow the company to list tokenized stocks. The exchange operator specifically asked to amend certain rules, including the definition of a security, to trade tokenized stocks under the same execution and documentation rules as traditional securities, provided the tokenized versions are deemed equivalent. Read more

Solana (SOL) treasury company SOL Strategies secured approval to list its common shares on the Nasdaq, according to a Sept. 5 announcement. The company expects trading to commence on Sept. 9, under the ticker symbol “STKE” while maintaining its Canadian Securities Exchange listing under “HODL.” Shares will no longer trade on the OTCQB Venture Market, […] The post SOL Strategies secures Nasdaq approval as institutional giants plan billion-dollar Solana treasury appeared first on CryptoSlate.

The Canadian company makes inroads into US markets with a Nasdaq listing on Sept. 9, moving trading from its over-the-counter venture market. Canadian blockchain company SOL Strategies is set to debut on Nasdaq next week after securing approval to list its shares. In a Friday notice, SOL Strategies said it would begin listing common shares on the Nasdaq Global Select Market starting on Sept. 9 under the ticker symbol STKE. The listing will end of the company’s shares trading on the over-the-counter venture market OTCQB, while maintaining trading activity on the Canadian Securities Exchange. Read more

Shell companies could become costlier under Nasdaq’s proposed listing plan, raising entry barriers along a common route to crypto treasuries. Nasdaq’s newly proposed listing rules may give established digital asset treasury firms an edge, while raising new barriers for smaller players looking to incorporate cryptocurrencies into their balance sheets. The changes, announced Wednesday, include lifting the minimum public float to $15 million and fast-tracking delistings for companies that fall out of compliance. According to Brandon Ferrick, general counsel at Web3 infrastructure company Douro Labs, the proposed changes are unlikely to hurt well-managed digital asset treasury firms. Instead, they give stronger players a trading premium. Read more

American Bitcoin Corp. (ABTC), backed by Donald Trump Jr. and Eric Trump, filed with the Securities and Exchange Commission (SEC) on Sept. 3 seeking to raise $2.1 billion through share sales. The filing follows a volatile Nasdaq debut that saw ABTC stock surge 91% in one hour before crashing lower than the opening price by […] The post Trump brothers seek $2.1B raise via share sales amid American Bitcoin’s volatile Nasdaq debut appeared first on CryptoSlate.