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Binance, Franklin Templeton to Collaborate on Digital Asset Initiatives
Yahoo Finance· 2025-09-10 14:31
Core Insights - Binance has formed a strategic partnership with Franklin Templeton to develop new digital asset initiatives and investment solutions for a wide range of investors [1] - The collaboration aims to integrate Franklin Templeton's expertise in compliant tokenization of securities with Binance's global trading infrastructure [2] Leveraging Tokenization and Market Infrastructure - The partnership seeks to enhance transparency, efficiency, and accessibility in global capital markets by combining Franklin Templeton's tokenization experience with Binance's market infrastructure [3] - The companies plan to co-create products that offer competitive yields and improve settlement processes [3] Bridging Traditional and Decentralized Finance - The executives from both firms emphasized the potential of tokenization to connect traditional finance with decentralized finance [5] - Franklin Templeton has made significant investments in blockchain solutions, including its Benji Technology Platform for tokenized securities [5] Industry Implications - The partnership is timely, as institutional adoption of digital assets is increasing, driven by interest in tokenized funds and blockchain-enabled investment vehicles [8] - Both companies view the collaboration as a response to rising client demand for secure, regulated, and scalable digital asset products [8]
Binance, Franklin Templeton Join Forces to Expand Digital Asset Products
Yahoo Finance· 2025-09-10 13:00
Binance and Franklin Templeton are teaming up to build digital asset products that aim to bridge the gap between traditional markets and crypto. The two firms will combine Franklin Templeton’s work in tokenizing securities with Binance’s trading infrastructure and global investor base, according to the Tuesday statement. The focus of two firms' tokenization efforts are "not related to the U.S.," a Binance representative said via email. The goal, both firms said, is to create products that offer efficient ...
Crypto Exchange Gemini Raises US IPO Target to $433 Million
Yahoo Finance· 2025-09-10 01:50
Company Overview - Gemini Space Station Inc. has increased the potential size of its initial public offering (IPO) to $433.3 million due to high demand, including a private placement from another exchange operator [1] - The cryptocurrency firm, founded by the Winklevoss twins, has raised the price range for its shares to $24 to $26 from an earlier range of $17 to $19, while still offering 16.7 million shares in the IPO [2][3] Financial Performance - For the six months ending June 30, Gemini reported a net loss of $282.5 million on total revenue of $68.6 million, compared to a net loss of $41.4 million on total revenue of $74.3 million during the same period last year [5] Market Position and Offerings - At the top of the elevated IPO range, Gemini would have a market value of $3.1 billion based on outstanding shares [3] - The company is allocating 10% of the IPO for long-standing users, management, employees, and friends and family, and up to 30% for retail investors on self-directed investing platforms [4] - Gemini has over $18 billion in assets on its platform and offers various services including a crypto exchange, a US dollar-backed stablecoin, crypto staking, digital asset custody, and a credit card that rewards in crypto [4] IPO Details - The IPO is being led by Goldman Sachs Group Inc. and Citigroup Inc., and Gemini is expected to begin trading on the Nasdaq Global Select Market under the symbol GEMI [5]
BNB Price Rise to $884 Short-Lived as Market Sell-Off Cuts Gains
Yahoo Finance· 2025-09-09 16:03
Market Volatility - BNB experienced significant price fluctuations, dropping to a low of $871.99 before rebounding to $884.60, only to fall again to $873.6 [1][2] - The trading volume spiked to nearly 60,000 tokens, with $876 acting as a key support level during the session [2] Broader Market Context - The broader crypto market faced a downturn, coinciding with geopolitical events, specifically an attack by Israel on Hamas' leadership in Qatar [2] - In contrast, gold prices increased, with futures nearing a record of $3,700 per ounce, while gold-backed cryptocurrencies like PAXG and XAUT also saw price increases before declining [3] Exchange Performance - Binance reported a record $2.63 trillion in futures trading volume last month, making it one of the largest exchanges by spot trading volume alongside Bybit and Crypto.com [3] - BNB serves as a utility token for trading fee discounts on Binance, providing users with a 25% discount on fees [4]
Coinbase Global, Inc. (COIN) Presents At Citi's 2025 Global Technology, Media And Telecommunications Conference Transcript
Seeking Alpha· 2025-09-03 21:47
Group 1 - The presentation is led by Peter Christiansen, Vice President and Analyst, highlighting the significant changes over the past year [1] - The company may make forward-looking statements during the session, with actual results potentially varying materially from these statements [1] - Information regarding risks, uncertainties, and factors that could cause results to differ is included in the company's SEC filings [1] Group 2 - The discussion will reference certain non-GAAP financial measures, with reconciliations provided in the shareholder letter on the Investor Relations website [2] - Non-GAAP financial measures should be considered in addition to GAAP measures, not as a substitute [2]
X @Crypto Rover
Crypto Rover· 2025-09-03 07:50
Looks like @bitgetglobal just changed their name, let them cook… https://t.co/JbeqGpNUkxBitget ⚙️⬆️ 7️⃣ (@bitgetglobal):⚙️⬆️ 7⃣ ...
X @Binance
Binance· 2025-09-02 20:00
Binance is hiring a Social Media Intern 👷👷Think you can handle:> Memes> Trading takes> Community vibes> Reply banter👉 Apply here: https://t.co/nF0lG4goIi https://t.co/wuPZMgZqfy ...
X @Bloomberg
Bloomberg· 2025-09-02 12:06
Gemini, a cryptocurrency exchange led by the billionaire Winklevoss twins, seeks to raise as much as $316.7 million in its initial public offering as the latest crypto business in line for a US listing https://t.co/gpo5WAGhvb ...