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One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down
Yahoo Finance· 2026-01-24 16:02
Nifty Gateway, the non-fungible token (NFT) trading platform that was once central to the 2021 digital art boom, will shut down on Feb. 23, 2026. Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a notice of closing on its homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank via Stripe. ...
Crypto Currents: BitGo raises $212.8M in U.S. IPO
Yahoo Finance· 2026-01-24 15:01
Group 1: BitGo's IPO - BitGo raised $212.8 million in its initial public offering (IPO) on the New York Stock Exchange, pricing shares at $18, exceeding the expected range of $15-$17 [2] - The stock opened at $22.43, bringing BitGo's valuation to $2.59 billion, marking the first stock market debut by a digital asset company in 2026 [2] Group 2: NYSE's Tokenized Securities Platform - The New York Stock Exchange (NYSE) is developing a platform for trading and on-chain settlement of tokenized securities, pending regulatory approvals [3] - The new digital platform will enable 24/7 operations, instant settlement, and stablecoin-based funding, integrating the NYSE's Pillar matching engine with blockchain technology [3] - The platform will support trading of tokenized shares that are fungible with traditional securities and will allow tokenized shareholders to participate in dividends and governance rights [3] Group 3: Industry Leadership and Vision - Lynn Martin, President of NYSE Group, emphasized the NYSE's commitment to leading the industry towards fully on-chain solutions, combining trust with advanced technology [4] - The NYSE aims to reinvent market infrastructure to meet the demands of a digital future, leveraging its long-standing expertise in market operations [4]
Ethereum Classic: Buy, Sell, or Hold in 2026?
Yahoo Finance· 2026-01-24 14:58
Group 1 - Ethereum Classic (ETC) has increased by 557% over the past decade, but this performance is significantly overshadowed by Ethereum (ETH), which has surged by 22,620% during the same period [1][2][7] - The performance comparison indicates that Ethereum Classic has stagnated, failing to evolve as rapidly as Ethereum, which has adapted to significant changes in the cryptocurrency market [3][4] - Ethereum Classic utilizes an outdated proof-of-work consensus mechanism, while Ethereum has transitioned to a more efficient proof-of-stake mechanism, enhancing its usability and performance [4] Group 2 - Despite its fixed coin supply of 210 million coins, which may serve as a hedge against inflation, Ethereum Classic is expected to underperform compared to Ethereum in the long term [5][7] - There are superior investment alternatives available, such as Bitcoin (BTC) and Litecoin (LTC), which have outperformed Ethereum Classic over the past decade [6][8]
Trump Adviser Says Crypto Market Structure Bill Is A 'Question Of When, Not If,' Argues Industry Cannot Continue To Run Without It
Yahoo Finance· 2026-01-24 14:02
Core Viewpoint - The cryptocurrency industry is facing criticism for its resistance to the Senate's cryptocurrency market structure bill, with calls for compromise to avoid worse regulations in the future [1][4]. Group 1: Industry Reactions - Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, emphasized that "no bill is better than a bad bill," reflecting concerns from industry leaders like Coinbase CEO Brian Armstrong regarding the Senate's proposed legislation [2]. - Coinbase has withdrawn its support for the Senate's cryptocurrency market structure bill, citing issues with provisions related to tokenized equities, decentralized finance, and stablecoin rewards [2]. - Galaxy Digital has also criticized the bill, labeling it as "the single largest expansion to financial surveillance authorities since the USA PATRIOT Act" [3]. Group 2: Future Outlook - Witt predicts that a cryptocurrency market structure bill will eventually be enacted, stating, "It's a question of when, not if," and warns against the assumption that the industry can operate indefinitely without a regulatory framework [4]. - He urges the cryptocurrency industry to seek a compromise with the current pro-crypto administration, suggesting that future regulations could be more unfavorable under a different administration [4]. - Witt cautions that while the CLARITY Act may not be perfect, a future Democratic version could be significantly worse, advocating for continued efforts to improve the current proposal [5].
Why SKY Is Surging +8% While The Rest of Crypto Bleeds Red?
Yahoo Finance· 2026-01-24 08:38
On January 22, Sky’s SKY token rose about +8% in 24 hours, moving against a softer crypto market. SKY, the governance token of Sky Protocol, traded between $0.066 and $0.067 across major exchanges, including Binance, Coinbase, and Kraken. Trading volume over the day ranged from roughly $20M to $40M, while the project’s market value stood close to $1.5Bn. Sky Protocol emerged from the rebrand of MakerDAO and supports the USDS stablecoin. The move came as broader conditions stayed weak. Total crypto mar ...
Better Stablecoin Buy: USD Coin vs. PayPal USD
Yahoo Finance· 2026-01-24 07:31
Key Points USDC and PYUSD are both pegged 1:1 to the U.S. dollar and designed to hold their value, not appreciate over time. Circle's USDC is built for crypto-native users who trade on exchanges, use DeFi protocols, and move money across blockchains. PayPal's PYUSD offers a simple on-ramp for mainstream PayPal and Venmo users who don't want to learn crypto mechanics. 10 stocks we like better than USDC › You don't invest in a stablecoin. You use one. USD Coin (CRYPTO: USDC) and PayPal USD (CRYPTO ...
Trump uncertainty: Crypto startups raise $362m despite roaring ‘Sell America’ trade
Yahoo Finance· 2026-01-24 06:06
Venture capitalists are pursuing crypto startups despite US President Donald Trump’s barrage of threats blasting asset markets with uncertainty. Investors doled out another $362 million to 14 crypto startups in the third week of January, already bringing the total to over $1 billion so far this year, DefiLlama data shows. Startup fundraising is generally safe from short-term volatility triggered by news events, Annabelle Huang, CEO of Altius and former venture partner at Amber Group, told DL News. “The ...
Trump Hailed Crypto Bill As Stepping Stone To Financial Freedom—So Why Did The Senate Delay Until March?
Yahoo Finance· 2026-01-24 04:31
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Senate Banking Committee pushed back its crypto market structure bill until late February or March after Coinbase Global Inc. (NASDAQ:COIN) withdrew support, with lawmakers now prioritizing housing legislation instead. Housing Beats Crypto On The Priority List The Senate Banking Committee is shifting focus to housing legislation, following President Donald Trump’s executive order directing his admini ...
Eric Trump Says Trump Family-Linked World Liberty Financial's Stablecoin USD1 Has Eclipsed PayPal's Digital Dollar: 'The Shift Is Happening' - American Bitcoin (NASDAQ:ABTC), PayPal Holdings (NASDAQ:P
Benzinga· 2026-01-24 03:41
Group 1 - The USD1 stablecoin issued by World Liberty Financial has surpassed PayPal's PYUSD stablecoin, marking a significant milestone in the cryptocurrency market [1] - Binance announced a $40 million WLFI token airdrop for USD1 holders, which will run until February 20, rewarding users with a 1.2× bonus for collateralized holdings [1] - World Liberty Financial is a decentralized finance platform co-founded by Eric Trump, with the Trump family owning 60% of the company and entitled to 75% of revenue from coin sales [2] Group 2 - Eric Trump has criticized traditional banks, claiming they are attempting to obstruct cryptocurrency legislation, indicating a shift in the financial system [3] - Senators Elizabeth Warren and Jack Reed have called for an investigation into World Liberty Financial over alleged ties to North Korea and Russia, which Eric Trump has dismissed as unfounded [4] - As of the latest data, USD1 has a closing price of $0.9999, a 24-hour trading volume of $6.23 billion, and a market cap of $4.4 billion, compared to PYUSD's closing price of $0.9994, trading volume of $188.38 million, and market cap of $3.75 billion [4]
Crypto giant reportedly triples valuation ahead of IPO
Yahoo Finance· 2026-01-23 23:27
Last year saw a phenomenal rise in the number of public listings, mergers and acquisitions in the world of crypto. As for 2026, the party is just getting started. This week, crypto custodian BitGo is listing on the New York Stock Exchange at a reported $2 billion valuation, making it the first major digital asset IPO of 2026. Now one of the industry’s most established infrastructure players is preparing to test public markets, and the numbers being discussed suggest real confidence. Related: Mark Cuban ...