Tag: News

Deribit Eyes Growth In Asset-Backed Crypto With Pax Gold Debut

Crypto derivatives exchange Deribit is building on the success of its recent addition, Pax Gold, as it explores expanding into asset-backed crypto products. Within its first week, PAXG trading on Deribit exceeded $250 million in notional value, signaling strong interest in gold-backed tokens among traders, according to company executives....
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Blackrock’s Bitcoin ETF Could Outshine S&P 500-Tracking SPY To Become Top Investment Vehicle But It Will Take A ‘Long’ Time, Says Prominent Analyst

Leading Bloomberg analyst Eric Balchunas said Monday that Blackrock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) could surpass SPDR S&P 500 ETF Trust (NYSE:SPY) to become the world’s top exchange-traded fund, but the process could take a long time. What Happened: Balchunas, who has over a decade of expertise analyzing ETFs, responded...
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MicroStrategy Plans Special Shareholder Vote To Support Its $42 Billion Bitcoin Acquisition Strategy — Michael Saylor Says Proposals Support 21/21 Plan

MicroStrategy Inc. (NASDAQ:MSTR) announced a special shareholder meeting Monday to vote on proposals to support its ambitious $42 billion Bitcoin (CRYPTO: BTC) purchase plan. What happened: In a 14A filing shared with the SEC, executive chairman Michael Saylor proposed increasing the company’s authorized Class A shares from 330 million...
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