MicroStrategy Unveils $3B Rescue Plan Amid 16% MSTR Stock Drop
Despite a 106% surge to $473 earlier this month, MicroStrategy’s stock (MSTR) fell by 16% on Thursday but rebounded 3% in after-hours trading. Michael Saylor, the Executive Chairman of MicroStrategy, made the announcement that the company has successfully completed the $3 billion issuance of their senior convertible notes in order to purchase additional Bitcoins. When […]
Bitcoin ETF Inflows Strong As Wall Street Hopes of Fed Rate Cuts
Bitcoin ETF inflows continue as Wall Street rises on hopes of Fed rate cuts and a ceasefire in the Hamas-Israel war. The week begins on a high note for Bitcoin investors, with US Bitcoin ETFs seeing net outflows of $217 million on Monday, May 6. However, this occurred as the leading three Wall Street indices […]
eToro CEO Contemplates IPO on Wall Street
Leading crypto trading firm eToro approaches its initial public offering on Wall Street amidst strategic acquisitions and financial milestones. Amid the dynamic and constantly changing financial markets, eToro, a renowned stock brokerage platform, and crypto trading firm, is positioned to initiate a paradigm-shifting process that will culminate in its public market listing. The recent disclosures made […]
Wall Street reportedly under probe by US SEC
The United States Securities and Exchange Commission (SEC) is reportedly investigating Wall Street investment advisors who could be providing digital assets/custody to their clients without the necessary credentials. According to a Jan. 26 Reuters article citing “three persons with knowledge of the matter,” the SEC’s investigation has been ongoing for a while but picked up […]
US Banks Are Unable to Completely Finance Crypto Miners
At a congressional hearing on Wednesday, the heads of major US Banks like Citigroup, Bank of America, and Wells Fargo were questioned. Leading American banks’ executives announced on Wednesday that they have no plans to provide financing for cryptocurrency miners. During a hearing of the House Financial Services Committee, Rep. Brad Sherman (D-Calif.), a critic […]