Daily News 🗞 | September 11• TRON is core infrastructure for e-commerce payments across Latin America, Africa, and Asia• New Ethereum standard aims to set baseline for real-world asset tokenization• SEC delays staking for BlackRock spot Ethereum ETF" Polygon PoS network faces 10-15 minute transaction delays due to node bug• Kyrgyzstan approves state mining and digital reserve#CryptoNews #PoloniexNEWS ...

The @SECgov has delayed its decisions on the addition of staking to BlackRock’s iShares Ethereum ETF, and on Franklin Templeton proposals for Solana and XRP funds. https://t.co/ilBLuZqJC6 ...

Group 1 - The Board of Trustees of BlackRock Health Sciences Term Trust (BMEZ), BlackRock Science and Technology Term Trust (BSTZ), and BlackRock Technology and Private Equity Term Trust (BTX) approved updates to each Fund's managed distribution plan [1] - The changes will take effect with the October 2025 distribution, transitioning from a floating rate distribution to a level rate distribution [1] - The specific monthly rates for the level rate distribution will be provided in the updates [1]

SEC Punts on BlackRock Ethereum ETF Staking, Franklin XRP and Solana Fund Decisions► https://t.co/iU2Le7eGB5 https://t.co/iU2Le7eGB5 ...

NEW YORK--(BUSINESS WIRE)---- $BCX--The BlackRock Sector Equity Closed End Funds (CEFs) listed below (the "Funds†) announced today that each Fund's Board of Trustees (the "Board") has approved the following updates to the Funds' respective investment objectives and principal investment strategies. Effective 11/10/2025, the Funds' investment objectives will be changed as indicated below. Investment objective changes BlackRock Sector CEFs Ticker Current Investment Objective Proposed Investment Objec. ...

Core Insights - Klarna has successfully gone public on the New York Stock Exchange, with its stock price increasing by 30% on debut, reaching $52 per share, which gives the company a valuation of $15.1 billion and raised $1.37 billion from the IPO [1][4][5] - The IPO marks a significant milestone for Klarna, which was founded in 2005 and had been hinting at going public since 2019, facing delays due to market conditions [2][4] - Klarna's valuation has seen a dramatic decline from its peak of $45.6 billion in 2021 to $6.7 billion in 2022, reflecting the challenges faced by the fintech sector [4][5] Company Overview - Klarna is a Swedish "buy now, pay later" company that has evolved significantly since its founding, with a strong consumer base and market position [5] - The company has made operational changes, including requiring remote employees to return to the office and shifting focus back to customer support roles [6] IPO Details - Klarna's IPO is the first major public offering of the fall season, with expectations of more companies following suit before year-end [3] - The IPO price of $40 per share was a significant markdown from previous valuations, indicating a shift in investor sentiment [4][5] Investor Insights - Sequoia Capital emerged as the largest beneficiary of Klarna's IPO, holding a stake worth approximately $3.5 billion after the listing [9][16] - Other notable shareholders include cofounder Victor Jacobsson, whose stake is valued at $1.38 billion, and CEO Sebastian Siemiatkowski, with a stake worth about $1.17 billion [17][29] - Heartland A/S, owned by billionaire Anders Holch Povlsen, holds a stake valued at $1.36 billion, while Commonwealth Bank of Australia has a stake worth $798 million [21][30] Market Context - Klarna's IPO comes amid a challenging environment for fintech companies, with rising interest rates and regulatory risks impacting investor confidence [5] - The company has faced significant losses, prompting it to set aside more capital to cover potential defaults from customers [5]

Market Trends & Predictions - Altcoin season is approaching, with potential for significant gains in the next one to two quarters [7][8] - The crypto market cycle is evolving differently this time [8] - Bitcoin's price is projected to reach $200,000 in the future [14] - Bitcoin could potentially supplant gold over time, with a possible valuation exceeding $1 million [23] - Bitcoin is expected to build upon $120,000 before the end of the year, potentially reaching $200,000 to $250,000 [23][24] Regulatory Landscape & Institutional Adoption - SEC is promoting crypto in the US, with initiatives to allow companies to create super apps for digital asset trading, lending, staking, and custody [4][5] - The SEC's previous approach to the crypto industry was ineffective and injurious, driving jobs, innovation, and capital overseas [6] - Binance is partnering with Franklin Templeton to develop digital asset initiatives [9] - Dogecoin, Hideera and Litecoin ETFs are anticipated soon [10] - Market structure bill (Clarity Act) is expected to pass in October or November [11] - BlackRock is recommending Bitcoin, Ethereum, and crypto, including Bitcoin in its ideal 2025 portfolio [13] Portfolio Allocation & Investment Strategies - Hard assets like gold and Bitcoin should be considered for portfolio balance against potential currency depreciation [1][18] - A 5% allocation to Bitcoin seems high to some, with a preference for gold as a currency hedge [15][19][20] - Staying long on equities oriented towards growth in technology is recommended [17] - Fixed income offers attractive returns, with opportunities to clip 6% [17] On-Chain Metrics & Exchange Dynamics - Bitcoin addresses with a history of buying and never selling are at record levels [2] - Ethereum reserves on exchanges have plunged to 172 million ETH, a 30% decrease from 25 million ETH in 2023 [3]

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna sold, only 5 ...

I think the economy is weakening, you know, whether that is on the way to recession or just weakening, I don't know, and that just confirms what we already thought, kind of. And I know that's a big revision. And speaking of kind of what we were going back to with the state of the economy, the difficulty predicting one of the questions people have is what's going on with the consumer right now.They're still spending money. It's a little bit different depending on what income set they're coming from. They sti ...

RT CZ 🔶 BNB (@cz_binance)@Crypto_Briefing Not a competition. BlackRock is in crypto in a big way too now. ...