Ionic Digital, a Bitcoin miner and AI infrastructure company formed from Celsius Mining's assets, saw its shares rise 26% to $62.90 in its Nasdaq debut, valuing the company at $2.8 billion.
S&P Dow Jones Indices and Pantera Capital have launched a new digital asset index that tracks blockchain networks based on protocol revenue, rather than market capitalization. This index, designed for institutional allocation, includes 18 constituents like Ether, BNB, and Solana, and aims to distinguish established blockchain activity from speculative exposure.
High-flying chip stocks experienced steep declines at the start of the third quarter, with Micron dropping 11% and Intel falling 9%. This follows a record-breaking second quarter where these companies saw significant market cap gains driven by AI buildout expectations. Concerns over AI processing supply catching up to demand, partly due to Meta potentially renting excess computing capacity, contributed to the downturn.
Open Standard has launched the OUSD stablecoin, backed by Visa, Mastercard, Coinbase, and others. OUSD aims to challenge Tether's USDT and Circle's USDC by allowing holders to receive earnings from its reserves. The stablecoin market is projected to reach $4 trillion by 2030.
Michael Burry, known for "The Big Short," revealed he has no position in SpaceX, citing expensive bearish options. He questioned the company's nearly $3 trillion valuation, calling it a "small space company" with less than $20 billion in revenue, and noted it now surpasses Berkshire Hathaway's market value.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
Zcash (ZEC) price drops over 30% after a critical vulnerability in its Orchard pool, potentially allowing unlimited counterfeit minting, was disclosed and patched with a hard fork on June 3, though concerns about prior exploitation remain.
Samsung Electronics has entered the global top 10 by market capitalization, reaching $1.44 trillion. The company's value has surged over fivefold in just over a year due to high demand for AI chips, making it the second Asian company after TSMC to surpass a trillion dollars.
Cryptocurrency markets lost ~$80 billion in 24 hours after US military strikes on Iran, with Bitcoin falling 3.5% to a six-week low of $72,646 and Ether dropping below $2,000 amid heightened geopolitical risk.
Hyperliquid's native token, HYPE, has surged to a record high of over $62, defying the broader cryptocurrency market slump with a 120% year-to-date gain. This rally is attributed to a shift towards an institutional Wall Street platform, strong ETF flows, and a short squeeze.
The KOSPI's market capitalization has surpassed the total value of the greater Seoul housing market, reaching $4.1 trillion amid an AI chip-driven stock rally. This shift reflects liquidity moving towards equities, influenced by government measures and the semiconductor upcycle.
Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate's Bitcoin page shows BTC near $80,200 on May 9, with a market capitalization near […] The post Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term appeared first on CryptoSlate.
Tokenized US Treasurys were one of the biggest growth areas of the RWA market, rising from a market capitalization of $3.9 billion at the start of 2025 to more than $15 billion.
Bitcoin fell below $78,000 on Monday, hitting $77,819 as the crypto market experienced approximately $295 million in liquidations over 24 hours. The decline tested the $77,000-$77,500 support zone while traders await the upcoming FOMC meeting on April 28-29. Analysts suggest the move appears to be a leverage flush rather than a broader risk-off event, though the trigger remains unresolved.
SEOUL, April 27 (Yonhap) -- The total market capitalization of companies listed ...
The GSR Crypto Core3 ETF is GSR's first crypto exchange-traded product, giving investors access to the top three largest cryptocurrencies by market capitalization.
GSR, an institutional crypto trading platform founded in 2013, launched its first crypto ETF called GSR Crypto Core3 ETF (BESO) on Wednesday, tracking spot prices of Bitcoin, Ether and Solana. The fund uses a dynamic allocation strategy with weekly rebalancing and offers staking rewards. It recorded nearly $5 million in trading volume on its first day, closing at $26.04 before rising to $33 in after-hours trading. The launch coincides with increased Wall Street interest in crypto ETFs, including Morgan Stanley's spot Bitcoin ETF launched April 8 with $163.8 million in net inflows.
Apple CEO Tim Cook is stepping down after nearly 15 years, with John Ternus set to take over as CEO on September 1, 2026. Cook will transition to executive chairman, capping a tenure that saw Apple's market capitalization soar and revenue quadruple. Ternus, a 25-year Apple veteran leading hardware engineering, is expected to guide the company through AI advancements.
