Tag: News

US stocks soar as dollar slips amid Fed cut bets

U.S. stocks rose on Wednesday, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite inching higher amid major banks’ earnings and fresh bets on further rate cuts by the Federal Reserve. The Dow Jones Industrial Average…...
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Ark Invest files new Bitcoin ETFs with yield & risk mitigation

Cathie Wood’s Ark Invest filed for several new Bitcoin ETFs, including yield-generating and downside-buffered versions. Cathie Wood’s Ark Invest is doubling down on Bitcoin, filing several ETFs with specialized strategies. On Tuesday, October 14, Ark Invest filed for the Bitcoin…...
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Backpack Expands to SEC-Registered Tokenized Stocks With Superstate Partnership

Crypto exchange Backpack said it is adding SEC-registered U.S. equities to its trading platform with Superstate, the blockchain finance startup led by Compound founder Robert Leshner. Announced on Wednesday, the deal embeds Superstate’s Opening Bell platform into Backpack, allowing non-U.S. users to trade tokenized shares of public companies onchain....
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Benchmark Hikes CompoSecure Price Target to $24 on Arculus Crypto Upgrade

Wall Street broker Benchmark has raised its price target on NYSE-listed CompoSecure (CMPO) to $24 from $17, citing operational momentum, growing M&A optionality, and a key product upgrade from its Arculus crypto wallet unit. The stock was 2.7% higher in early trading, around $21. While investors have been awaiting...
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Volatility Shares Files for 5x Leveraged Bitcoin, Ether, and XRP ETFs

Volatility Shares, one of the most aggressive ETF issuers in the crypto space, has filed with U.S. regulators to launch a suite of 5x leveraged exchange-traded funds tracking bitcoin (BTC), ether (ETH), and XRP. The proposed products would amplify daily price moves by five times, meaning it can turn...
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