Nasdaq | Crypto

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.

Ethereum-focused firm The Ether Machine secured $654 million in private financing from Jeffrey Berns, aiming to go public with over 495,000 ETH on its books. Crypto company The Ether Machine secured $654 million in a private financing round, collecting 150,000 Ether from prominent Ethereum advocate Jeffrey Berns. The funds will be transferred to the company’s wallet later this week, according to a Tuesday report by Reuters. Berns, known for his early investments in Ethereum infrastructure and Web3 initiatives, will join the board of directors. The raise is part of the company’s broader strategy to build a substantial Ether (ETH) treasury ahead of its anticipated Nasdaq debut later this year. Read more

Gryphon Digital Mining shareholders approve the merger with Trump family-linked American Bitcoin, paving the way for Nasdaq debut under ticker ABTC. Gryphon Digital Mining, a publicly traded Bitcoin miner based in Las Vegas, Nevada, has received final shareholder approval to merge with American Bitcoin, a mining company linked to US President Donald Trump’s family. Shareholders approved the stock-for-stock merger on Wednesday, with the company announcing the decision on Friday. As part of the deal, a reverse five-to-one stock split and new listing are scheduled for 5:00 pm ET on Sept. 2. Once the reverse split is complete, the combined entity will adopt the American Bitcoin name and begin trading under the ticker symbol “ABTC.” Read more

American Bitcoin, the mining company partly owned by Donald Trump Jr. and Eric Trump, is preparing to go public on the Nasdaq in September, Reuters reported on Aug. 28. The firm, launched in March, is 80% owned by Toronto-based Hut 8, one of North America’s largest crypto miners. The Trump brothers collectively own the remaining […] The post Trump-backed Bitcoin mining firm to go public on Nasdaq next month appeared first on CryptoSlate.

The software targets market abuse such as insider trading and manipulation across equity and crypto markets. The Commodity Futures Trading Commission (CFTC), a US financial regulator, is integrating a financial surveillance tool developed by stock exchange company Nasdaq in a bid to overhaul its 1990s infrastructure. Nasdaq’s software is focused on detecting market abuse, including insider trading activity and market manipulation in equities and crypto markets, Tony Sio, head of regulatory strategy and innovation at Nasdaq, told Cointelegraph. He said: The data fed into the monitoring system will be “sourced by the CFTC through their regulatory powers,” Sio said.  Read more

Grayscale has filed the paperwork required to transform its existing AVAX Trust into a spot exchange-traded fund (ETF), favoring a bullish Avalanche price prediction as institutional adoption of this token could accelerate.Just hours ago, the asset management firm filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to rename and change the […] The post Avalanche Price Prediction: Grayscale Files for AVAX ETF on Nasdaq – Could This Trigger a Run to $500? appeared first on Cryptonews.

Windtree Therapeutics, a struggling biotech firm that rebranded itself around holding BNB reserves, is set to be delisted from the Nasdaq after its stock collapsed below the exchange’s minimum price requirement. According to a filing with the Securities and Exchange Commission, Nasdaq will remove Windtree from its listings on Aug. 21 after the company failed […] The post BNB treasury company faces delisting from Nasdaq on Aug. 21 appeared first on CryptoSlate.

Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO. Gemini Space Station, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. Founded in 2014, Gemini operates a regulated crypto exchange, custody service, and a range of blockchain-based products, including the US dollar-backed Gemini Dollar (GUSD) stablecoin and a crypto-rewards credit card, the platform said in the filing submitted on Friday. According to its filing, the IPO will mark the first time its shares are publicly traded, with pricing expected between an undisclosed range. The offering will be led by a syndicate of major banks, including Goldman Sachs, Morgan Stanley, Citigroup and others. Read more

Verb Technology Company, Inc. has secured $558M in a private placement and has announced a rebrand to TON Strategy Co. It has earmarked most proceeds for Toncoin, seeking to rank among the largest institutional holders and transition its treasury management toward TON-focused blockchain assets. The post Nasdaq’s VERB Lines Up $558M to Load 5% of TON – Shares Rocket 193% appeared first on Cryptonews.