eToro Group made a fantastic debut on the U.S. exchange on Wednesday, with the stock price surging almost 30% on its first day of trading. Its stock price closed at $67, above its IPO price of $52. It brings the company’s market capitalization to over $5.5 billion. Upsized Offering Reflects
MetaMask co-founder Dan Finlay has confirmed that the team is still considering a native token for the wallet. Speaking during a podcast interview with The Block’s Tim Copeland, Finlay addressed ongoing discussions about the long-rumored MASK token. He said that any official announcement would appear only through MetaMask’s wallet interface
As per the Swiss multinational investment bank, UBS Group, the high-net-worth clients in Asia are slowly shifting away from US dollar-based investments and preferring gold, cryptocurrencies, and Chinese assets. The co-head of wealth management for Asia of the Swiss bank, Amy Lo, stated that Gold is getting very popular in
Robinhood has announced a $179 million all-cash deal to acquire Canadian crypto firm WonderFi, accelerating its international expansion. The agreement values WonderFi shares at C$0.36 each, representing a 41% premium over the May 12 closing price and a 71% premium over the 30-day volume-weighted average. The deal, confirmed on May
The Indian Government has instructed the crypto exchanges functioning in India to be extra cautious for transactions associated with persons residing in Jammu and Kashmir and in border areas. The financial intelligence unit, the central agency that limits money laundering and financial crimes, instructed this to various local Crypto platforms.
Al Maryah Community Bank (Mbank), a leading integrated digital bank in the United Arab Emirates (UAE), has partnered with crypto custodian Changer.ae to launch a Dirham-based crypto conversion service. This new service follows the approval from the UAE Central Bank, allowing Mbank to open an AED Escrow Account. This move
Backpack has launched withdrawals for former FTX EU customers, allowing them to reclaim frozen euro balances. However, crypto withdrawals remain unavailable. The move marks a significant step in returning trapped funds following 2022 collapse. The claims process officially began on May 12, months after Backpack acquired FTX EU in January
As global governments intensify their grip on digital finance, a new breed of cryptocurrency is quietly entering the spotlight: dark stablecoins. These censorship-resistant stablecoins are becoming increasingly attractive to users seeking privacy and freedom from regulatory oversight. Ki Young Ju, CEO of CryptoQuant, sparked discussion in a May 11 post,
BlackRock has met with the U.S. Securities and Exchange Commission’s Crypto Task Force to address crypto regulatory concerns. The meeting, held on May 9, focused on staking, tokenization, and exchange-traded product (ETP) rules, according to a public memorandum. During the session, BlackRock representatives discussed how staking features could be added
Three years on from its Diem experiment crashing, Meta is returning to the crypto sphere this time with a measured and adoption-based approach. Rather than launching its own digital token, Meta is exploring stablecoins such as USDC and USDT to reward content creators on its platforms, including Facebook, Instagram, and
