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Is Binance (BNB) the Best Crypto to Buy Now?
Yahoo Finance· 2025-09-24 07:59
Binance is a cornerstone of crypto. As long as the exchange dominates, BNB, the native token, will continue to capitalize on market sentiment, thriving amid volatility regardless of broader market conditions. Crypto traders will keep adding leveraged positions even if BTC USD dips below $100,000. This undeniable reality positions BNB crypto as a possible breakout coin in the coming few years. In late September, could the BNB coin be the best crypto to buy right now? Solid evidence supports Changpeng Zhao ...
OKX Offers 4.1% Yield on USDG as Stablecoin Competition Heats Up
Yahoo Finance· 2025-09-23 13:00
Group 1 - OKX is offering 4.1% yields on USDG in weekly payouts without staking lockups, responding to competition for stablecoin dominance [1] - USDG is minted by Paxos and is backed 1:1 by U.S. dollars, positioning itself as a reliable stablecoin option [1] - OKX joined the Global Dollar Network in July, expanding USDG's availability to both onshore and offshore users [1] Group 2 - Yield has become a critical competitive factor in the stablecoin market, with fiat-backed options like USDC and USDG competing against decentralized and algorithmic models [2] - OKX refers to stablecoins as "crypto's connective tissue," highlighting their essential role in the cryptocurrency ecosystem [2] Group 3 - Stablecoins are crucial in the crypto economy, facilitating payments, cross-border transfers, and DeFi strategies while maintaining value consistency with fiat currencies [3] - They allow users to hedge against the volatility of other crypto assets without exiting the crypto ecosystem [3]
X @Poloniex Exchange
Poloniex Exchange· 2025-09-23 04:13
South Korea turned perps trading into an esports event 🤯Charts on the big screen, traders in the spotlightthis is next-level crypto culture. https://t.co/iC23NuMjVS ...
Whale Suddenly Withdraws $122 Million in HYPE Coin – What’s Going On?
Yahoo Finance· 2025-09-22 16:51
Core Insights - A significant whale withdrew $122 million in HYPE tokens from Hyperliquid, raising concerns about potential sell-offs as the investor holds over $90 million in unrealized gains from a nine-month investment [1] - High-profile exits from notable traders, including Arthur Hayes and Ansem, are linked to fears surrounding upcoming token unlocks scheduled for November 29, which could lead to substantial selling pressure [2][7] - The price of HYPE dropped 12% to $49.20 amid selling pressure, despite Hyperliquid maintaining daily trading volumes over $10 billion, indicating a potential supply overhang due to upcoming unlock events [3] Market Dynamics - Arthur Hayes sold his entire HYPE position for $5.1 million, realizing a profit of $823,000, while warning that 237.8 million tokens worth $11.9 billion could create $500 million in monthly sell pressure over the next two years [2][6] - The projected monthly buybacks of $85 million are insufficient to counterbalance the $500 million in monthly token unlocks, leading to a $410 million monthly supply-demand imbalance [6] - Aster exchange introduced 300x leverage trading for HYPE tokens, suggesting that major players may be positioning for significant price movements amid the current volatility [4] Competitive Landscape - Hyperliquid faces competitive threats from established exchanges and new platforms like Lighter.xyz, indicating challenges beyond tokenomics [7] - The bearish sentiment among influential traders is further exacerbated by Ansem's sale of 10,126 HYPE tokens worth $492,000, contributing to the overall negative outlook [7]
X @MEXC
MEXC· 2025-09-22 12:23
RT Cecilia Hsueh (@cecilia_hsueh)It’s time to begin again, and I’m truly honored to announce that I’ve joined MEXC @MEXC_Official as CSO. My role will be to expand strategic partnerships, empower our teams through resource integration, and drive sustainable brand growth.6 years ago, I first stepped into crypto by co-founding an exchange. We launched right in the middle of the March 2020 crash. The timing was brutal, but it forced us to grow fast, and by the second year, the business had reached $200M in pro ...
Crypto custody startup BitGo reveals near fourfold revenue jump in US IPO filing
Yahoo Finance· 2025-09-19 20:58
Company Overview - BitGo's revenue nearly quadrupled in the first half of 2025, reaching $4.19 billion, compared to $1.12 billion in the same period the previous year [1][4] - The company reported a profit of $12.6 million for the six months ended June 30, down from a profit of $30.9 million a year earlier [4] - BitGo is one of the largest crypto custody firms in the U.S., founded in 2013, and has gained importance as institutional interest in crypto grows [3] Market Context - The U.S. IPO market is expected to be one of the busiest since 2021, with crypto firms leading the way [1] - Recent successful debuts of companies like Circle, Bullish, and Figure have demonstrated strong investor appetite for digital assets [2] - There is a growing acceptance of digital assets as a legitimate asset class rather than merely speculative instruments [3] Future Plans - BitGo intends to list on the New York Stock Exchange under the symbol "BTGO" [4] - Goldman Sachs and Citigroup are the lead underwriters for BitGo's upcoming IPO [4]
X @Bloomberg
Bloomberg· 2025-09-18 15:06
Senator Warren is pressing the Justice Department on whether the world’s biggest crypto exchange, Binance, is adhering to a 2023 agreement with federal prosecutors over money-laundering and sanctions violations https://t.co/hgX2N3h1Oi ...
X @Decrypt
Decrypt· 2025-09-17 16:35
Bullish Shares Jump 5% as Crypto Exchange Eyes US Expansion After Receiving NY License https://t.co/aEdQ65b9qJ https://t.co/qWzrQSE3sZ ...
StubHub Raises $800 Million From IPO, Stock Set to Begin Trading Today
Yahoo Finance· 2025-09-17 11:21
Company Overview - StubHub has successfully raised $800 million from its initial public offering (IPO) after pricing the deal at the midpoint of a marketed range [2][4] - The company sold 34 million shares at $23.50 each, with a price range set between $22 and $25, valuing StubHub at approximately $8.8 billion [3][4] - StubHub plans to start trading on the New York Stock Exchange under the symbol "STUB" [3] Market Context - The IPO market is experiencing a resurgence, with funds raised in 2025 already surpassing those in previous years, marking the highest level since 2021 [3][4] - Recent IPOs, including those from Klarna and Gemini, have shown positive market performance, although the track record of recent listings has been mixed compared to earlier months [4]
Corporate Bitcoin Buying Slowed in August as Treasuries Add $5B
Yahoo Finance· 2025-09-14 16:00
Group 1 - Bitcoin's rally lost momentum in August, with corporate accumulation slowing down significantly, as tracked treasury entities added only 47,718 BTC ($5.2 billion) compared to over 100,000 BTC in July [1][2] - Total holdings across public companies, private firms, governments, and ETFs reached 3.68 million BTC, valued at $400 billion at the end of August, with a monthly increase of only 1.2%, a decline from July's 4.6% [1][6] - The slowdown in BTC acquisitions by corporate entities may explain why Bitcoin's price, which peaked at $123,000 in mid-August, fell over 11.5% to below $109,000 by the end of the month [2][3] Group 2 - Despite aggressive fundraising announcements totaling over $15 billion from treasury firms, actual purchases have not yet materialized, indicating a gap between fundraising and market impact [3] - Public company holdings surpassed 1 million BTC for the first time, doubling from late 2024, with KindlyMD making a notable purchase of 5,744 BTC worth $679 million [4] - Bullish (BLSH) joined the treasury rankings after its August IPO, holding 24,000 BTC valued at $2.6 billion, with the CEO indicating a growing institutional interest in Bitcoin [5]