Billionaire Michael Novogratz’s Galaxy Digital Holdings Ltd. has received approval for a direct listing on the Nasdaq stock exchange. According to a press release issued by Galaxy Digital, the company announced that trading will begin soon after a special shareholder meeting. Galaxy Digital has filed an approved Form S-4 to
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory. Despite
Nasdaq has submitted a key 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund (ETF). The move marks the second step in the SEC’s approval process. Once acknowledged, the filing will be published in the Federal Register, triggering the
Nasdaq filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to let in-kind creation and redemption take place for the BlackRock iShares Bitcoin Trust (IBIT). This could hugely boost the operating efficiency of the largest spot Bitcoin exchange-traded fund on the market. In-kind creation and redemption
Nasdaq is one of the reputed stock exchange platforms and financial services corporations in the US. Despite being a renowned firm, it couldn’t avoid social media hackers from hacking its official X account. When a hacker compromised its account and promoted STONKS memecoin, its market capitalization skyrocketed. As per the
Nasdaq ISE has filed a proposal with the SEC to raise the position and exercise limits for iShares Bitcoin Trust ETF (IBIT) options. The exchange seeks to increase these limits from 25,000 to 250,000 contracts. This move reflects the ETF’s growing market cap and rising trading volume. Nasdaq ISE Proposes
Phoenix Group, the UAE’s first cryptocurrency company on the Abu Dhabi Securities Exchange (ADX), has announced plans for a dual listing on Nasdaq in 2025. This strategic move aims to enhance the company’s international market presence and strengthen its position as a global leader in blockchain and cryptocurrency. Founded in
The United States Securities and Exchange Commission (SEC) has approved two groundbreaking crypto exchange-traded funds (ETFs). These include the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. The decision marks the first time ETFs combining spot Bitcoin and Ethereum have received regulatory clearance. SEC has *approved*
MicroStrategy Incorporated, the world’s largest corporate holder of Bitcoin, is to join the Nasdaq-100 Index. This will take effect before the market opens on December 23, 2024, as part of the index’s annual reconstitution. Under the leadership of Executive Chairman Michael Saylor, MicroStrategy began its Bitcoin acquisition strategy in 2020
Coincheck, a leading Japanese cryptocurrency exchange, has officially debuted on the Nasdaq Global Market under the ticker “CNCK.” The listing follows its merger with Thunder Bridge IV, a special purpose acquisition company (SPAC). This makes Coincheck the second regulated crypto exchange to list on Nasdaq, following Coinbase’s 2021 debut. The
