Crypto News

- Anthony Pompliano Is Buying Opendoor Stock. Should You? Opendoor (OPEN) remained in focus on Aug. 13 after Anthony Pompliano, an influential crypto investor, said he has loaded up on shares of the digital real estate company. In a X post on Wednesday, the blockchain evangelist said he “looks forward to participating in the conversation about how Opendoor can accelerate business and transform the residential real estate market.” Could Pompliano’s Investment Boost Opendoor Stock? Pompliano’s investment in OPEN shares is significant because it injects credibility, visibility, and momentum into the narrative. As a high-profile investor with a large following, his endorsement could amplify retail interest and validate the company’s...

- Bumble (NASDAQ:BMBL) stock tumbled 11% in after-hours trading Wednesday following reports that shareholders are offering a block of shares at a significant discount to the day’s closing price. According to Bloomberg, citing terms of the block offering, the shares are being offered at a price range of $6.33 to $6.54 each. This represents a discount of approximately 8.5% to 11.5% from Bumble’s Wednesday closing price of $7.15. The size of the block offering was not disclosed in the report. Block trades typically involve large volumes of shares and are often executed outside of regular trading hours to minimize market impact. Related articles Bumble stock tumbles after shareholders offer block at discount These Under-the-Radar...

- Why the Cryptocurrency OKB Was Up More Than 192% Today The crypto token OKB is exploding today, up 121.8% in the last 24 hours as of 3:45 p.m. ET, having gained as much as 192.3% earlier in that period. The jump comes as the S&P 500 and Nasdaq Composite were relatively flat. The native token of the cryptocurrency exchange OKX, OKB just saw its supply cut in half in what is one of the largest token burns in crypto history. Massive token burn drives OKB higher OKX will execute a one-time burn of roughly 65.26 million OKB tokens worth about 7.6 billion by sending them to an unreachable wallet. This will effectively cut the total supply of OKB in circulation by 52% and permanently cap it at 21 million. The token price immediately...

- Why Dogecoin Is Soaring Today Key Points The cryptocurrency Dogecoin (CRYPTO: DOGE) is moving higher today, up 4.2% in the last 24 hours as of 3:18 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were relatively flat, while many cryptos trade higher. Dogecoin is rising amid broad positive sentiment for crypto as a major crypto exchange had its initial public offering (IPO) today. Bullish IPO fuels positive sentiment The Peter Thiel–backed crypto exchange Bullish made its public debut today at $37 per share, raising $1.1 billion. Shares quickly more than doubled, climbing to roughly $90 within hours. Bullish targets institutional clients and focuses on Bitcoin and Ethereum trading, but its blockbuster debut added to...

- What's Behind Ether's (ETH) Latest Rally Key Points: Ether (CRYPTO: ETH) is skyrocketing right now. The second-largest crypto (measured by total market value) was up 5.2% in 24 hours as of 2 p.m. ET on Wednesday. The one-day jump was even larger on Wednesday morning, as the Ethereum blockchain token's rocket ride started on Tuesday afternoon. For example, it posted a 24-hour gain of 9.3% just before 8 a.m. ET today. The big jump was powered by several smaller catalysts, working together to drive Ether's price higher. Three catalysts fueling Ether's surge First, well-respected British bank Standard Chartered (OTC: SCBF.F) gave Ether an upgrade yesterday. The bank's crypto analyst bureau raised the token's year-end price target...

- Key Points Shares of Bullish (NYSE: BLSH) are flying on Wednesday, up 152.1% as of 1:48 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were relatively flat. The Peter Thiel-backed crypto exchange had its initial public offering (IPO) today, more than doubling in price in its first few hours of trading. Bullish is the latest IPO to see incredible performance on day one. Strong demand is driving the immediate surge Bullish priced its 30 million shares at $37, which was already above the expected range of $32 to $33, raising $1.1B. With 150.7 million shares outstanding, Bullish now has a market capitalization of approximately $13.7 billion. Bullish has a list of high-profile backers, including Peter Thiel and Galaxy...

- Cardano (ADAUSD) was one of the projects that altcoin investors swore by during the 2021 altseason. Cardano is similar to many flagship layer-1 smart contract blockchains like Ethereum (ETHUSD). This means that smart contracts can run on Cardano’s blockchain, and they’ll use ADA for gas fees. It is a proof-of-stake project. It got the title of being the “Ethereum Killer,” supposedly destined to dethrone the Ethereum ecosystem as the leading alternative blockchain. Unfortunately, that never ended up materializing. ADA has underperformed since late 2021, with newer projects getting more attention. However, recent performance has been unusually good. ADA is up 22.3% in the past month and 19.6% in just the past five days alone. This...

- Bullish stock ends first day at $70 with 90% gain, giving crypto exchange market cap above $10 billion Cryptocurrency exchange operator Bullish (BLSH) closed its first day of trading at $70 on Wednesday, up just under 90% from where the company priced its IPO and valuing the company at more than $10 billion. Still, this marked a more than 20% drop from where the stock opened for trade. Bullish stock opened for trade at $90 near 1:00 p.m. ET on Wednesday, and the stock traded hands as high as $118 per share shortly after, a more than 215% gain. The stock was halted for trade due to volatility at least twice within the first few minutes of trading. The company, which operates a crypto exchange and owns the prominent trade...

- For two years running, India has topped the world in grassroots crypto adoption, according to Chainalysis. Estimates suggest between 90 and 100 million Indians have owned or used cryptocurrency — roughly 6 to 7% of the country’s 1.4 billion people. The only country to see higher crypto trading volumes over that period? The United States. On paper, India looks like a crypto powerhouse. In reality, the market is suffocating. Trading volumes on Indian exchanges have cratered since the government introduced a punishing tax regime in 2022: a flat 30% tax on gains, no offsetting losses, and a 1% tax deducted at source (TDS) on every trade. The industry operates in a gray zone — not banned, but not officially recognized as legal tender —...

- Crypto exchange Bullish is the latest IPO to explode higher in its trading debut Investors are bullish on Bullish. Shares of the Peter Thiel-backed cryptocurrency exchange surged in their debut on the New York Stock Exchange on Tuesday after pricing above the expected IPO range. The company priced its IPO at $37 per share, above the already-increased range of $32 to $33 a share. The newly minted stock, which trades under the ticker BLSH, surged as much as 218% shortly after it began trading, hitting a high of $118 before paring gains. The company hit a market cap of about $13 billion during the session after its IPO valued it at $5.4 billion. The dizzying day-one rally is the latest post-IPO surge this month. Earlier in August...

- ETHZilla Follows Strategy's Playbook With Ethereum Treasury Plans. Its Stock Is Soaring Shares of the former 180 Life Sciences (ATNF) soared Wednesday after the biotechnology company said it plans to rebrand as ETHZilla and will pursue an Ether treasury strategy. The stock jumped as much as 70% Wednesday morning, before paring back. The shares were up about 5% in recent trading, leaving the stock's year-to-date gains around 500%. The company, which was originally formed to focus on developing therapeutics in chronic pain, inflammation, and fibrosis, said it now holds almost $350 million in Ether, the second-biggest cryptocurrency after Bitcoin, and plans to buy more. The price of the Ether hovered near all-time highs Wednesday at...

- What Happened? Shares of telecommunications infrastructure company Lumen Technologies (NYSE:LUMN) jumped 4.7% in the afternoon session after the company announced it has surpassed 1,000 customers on its Network-as-a-Service (NaaS) platform, a major milestone since the service's launch. The Network-as-a-Service (NaaS) platform, which launched in late 2023, allows business customers like Best Buy, Foot Locker, and Columbia Sportswear to digitally manage and scale their network connectivity on demand. This milestone follows a recent second-quarter earnings report where Lumen posted a much narrower-than-expected loss per share of $0.03, significantly beating the consensus forecast of a $0.25 loss. During the earnings call, the company...

- A lot of crypto bulls, such as Michael Saylor and Cathie Wood, have predicted that Bitcoin will hit the price of $1 million. While the U.S. government potentially creating a strategic Bitcoin reserve is definitely a positive factor, there is a rather ironic factor that could give the cryptocurrency a further push on the price chart. Crypto entrepreneur and podcast host Anthony Pompliano wrote on X on Aug. 13 that the government itself will make sure that Bitcoin hits $1 million a day. The only thing the government needs to do is never stop printing money, Pompliano added. The crypto analyst's remark underlines the tension between the traditional economy and the Bitcoin economy. While the traditional economy entails the central...

- Key Takeaways Shares of Bullish (BLSH), a crypto exchange backed by PayPal (PYPL) founder and billionaire venture capitalist Peter Thiel, soared in their debut on the New York Stock Exchange Wednesday under the ticker "BLSH." The stock last traded hands around $92, nearly 150% above its initial public offering price of $37 per share, which topped its projected range of $32 to $33 that had been scaled up from $28 to $31 previously. Bullish sold 30 million shares in the offering, raising about $1.1 billion in proceeds. Its gains would give it a market capitalization close to $14 billion, based on the number of shares outstanding listed in a regulatory filing. The crypto exchange and owner of the CoinDesk crypto media site reported...

- Crypto Exchange Bullish Opens at $90, Surges 143% in NYSE Debut Cryptocurrency exchange Bullish began trading Wednesday at $90, 143% above its initial public offering price of $37 per share, almost immediately spiking into a volatility halt at $102.44. The IPO price of $37 already exceeded the company’s previously announced range of $32 to $33 per share, giving Bullish a market value of $5.4 billion. Bullish raised $1.1 billion through the offering of 30 million shares. Previously, the exchange, which also owns cryptocurrency news website CoinDesk, upsized its IPO from an originally proposed 20.3 million shares priced between $28 and $31 per share. BlackRock and Cathie Wood’s Ark Investment Management are both major investors in...

- Is BLK's Absence in the XRP ETF Rush a Strategy or a Missed Prospect? While most asset managers are pushing for spot and futures XRP exchange-traded funds (ETFs), BlackRock Inc. (BLK), the world’s largest asset manager, has indicated no intention to follow this market trend. BlackRock, which manages $12.5 trillion in assets and has secured dominance in the spot Bitcoin and Ethereum ETFs, is currently abstaining from the XRP ETF market. This raises questions about whether it's a deliberate strategy or a missed opportunity. BlackRock has built its leadership in Bitcoin and Ethereum ETFs by focusing on high-demand, low-risk products supported by deep liquidity, mature derivatives, and strong institutional interest. Despite XRP’s loyal...

- Bullish Stock Opens at $90, Surges Over 200% Cryptocurrency exchange operator Bullish (BLSH) opened for trade on Wednesday afternoon at $90 per share before surging further, leading to a trading halt in the stock and pushing shares up more than 200% from the company's IPO price just moments after its market debut. Bullish stock traded hands as high as $112 per share, a more than 200% gain from its IPO price of $37 per share, giving the company a market cap north of $16 billion. The stock was halted for trade around $102 just seconds after it opened for trade due to a volatility halt. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, had raised its IPO price to $37 per share on...

- Crypto trader who turned $6.2K into $86M makes shocking move On-chain data suggests that a crypto trader who received 20,000 Ethereum during the initial coin offering (ICO) has transferred a portion of it to the Kraken crypto exchange. The on-chain data intelligence platform Lookonchain made a post on X on Aug. 11, which showed that the Ethereum ICO participant sold 2,300 ETH worth $9.91 million on the day. The crypto trader had earlier also transferred their ETH holdings over the past few years. As per Etherscan, the ICO participant is now left with 1,622.77 ETH worth $7.59 million. Nonetheless, they were successful in turning ETH worth $6,200 at the time of ICO into a crypto stack now valued at $86.6 million — all due to the...

- Why Coinbase (COIN) Stock Is Up Today What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.1% in the morning session after a broad rally in the cryptocurrency market, fueled by cooling inflation data that reinforced expectations for a Federal Reserve interest rate cut in September. The rally pushed the total cryptocurrency market capitalization above $4.1 trillion. The positive momentum stems from recent U.S. inflation data, which has led markets to price in a 96% chance of a Federal Reserve interest rate cut, according to CME's FedWatch. This environment is attracting institutional investors, with their trading activity now accounting for 75% of the total Bitcoin volume on Coinbase. Adding...

- Ethereum surges to near record as investors bet on 'biggest macro trade' of the next decade Ethereum (ETH-USD) prices rose to near record levels on Wednesday as Wall Street grows increasingly bullish on the crypto play. The world's second largest cryptocurrency by market cap jumped as much as 6%, to hover above $4,680 per token, just shy of its 2021 record level. Market Outlook "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday. Lee noted that the majority of Wall Street crypto projects and stablecoins, or digital tokens backed by assets like the US dollar, are being built on the Ethereum infrastructure. Ether...