Newly Public Crypto Exchange Gemini Gets Lukewarm Reception From KBW

Investment bank KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, describing the crypto exchange as a well-rounded digital asset platform poised for long-term growth. Nevertheless, wrote analyst Bill Papanastasiou, Gemini for now remains unprofitable and discounted valuation to competitor...
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XRP Retail Sentiment Flips Bearish, Flashing a Contrarian Buy Signal

XRP is catching retail skepticism again in a gauge that has historically proven profitable for contrarian bets. Data from Santiment shows the token’s bullish-to-bearish commentary ratio slipped under 1.0 twice in the past three days — October 4th (0.74) and October 6th (0.86) — levels that historically line up...
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KindlyMD Partners with Antalpha on $250M Bitcoin-Backed Financing Deal

KindlyMD (NAKA) announced a partnership with Antalpha to create a $250 million secured convertible debt facility. Through its subsidiary Nakomoto Holdings, KindlyMD will leverage Antalpha’s expertise in digital asset financing to create new treasury tool for bitcoin focused-companies, according to the announcement. The non-binding agreement outlines a five-year convertible...
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NYSE Parent ICE Stock Surges After Reported $2 Billion Polymarket Investment

Intercontinental Exchange Inc. (NYSE:ICE) rose 4% in premarket trading on Tuesday after reports said it will invest up to $2 billion in Polymarket, valuing the prediction market platform near $8 billion, according to WSJ. Polymarket Deal Sends Premarket Surge In premarket trading, ICE climbed to $165.01, up 3.7%, as...
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