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News
Coinbase CEO Armstrong Says Bitcoin Has Bottomed, Expects Gains Over Next Two Years
2+ day, 8+ hour ago (97+ words) bloomingbit Coinbase CEO Armstrong Says Bitcoin Has Bottomed, Expects Gains Over Next Two Years Forecast Trend Report by Period Coinbase Chief Executive Officer Brian Armstrong said Bitcoin has already bottomed and is set to continue rising over the next two…...
Circle Shares Rebound From $57 as USDC Market Cap Returns to Growth
2+ day, 10+ hour ago (97+ words) en.bloomingbit.io Circle shares have rebounded after falling to around $57, while the market capitalization of its U.S dollar stablecoin, USDC, has returned to growth According to a CryptoQuant analyst on Sept 10, USDCâs market capitalization has recently resumed expanding,…...
Treasury Triples Buyback to $6 Billion, but US Bond Yields Jump; BBH Says It’s a ‘Toy Gun in a Tank Battle’
2+ day, 18+ hour ago (229+ words) The Treasury said it would buy back up to $6 billion of Treasuries with maturities of 10 to 20 years. That is triple the previous $2 billion limit for long-dated buybacks. The operation will be conducted from 1:40 p.m. to 2 p.m. Eastern time on Sept. 10. Yields rose…...
KIC to Build Korean-Style Strategic Sovereign Fund Into Ultra-Long-Term 'Patient Capital"
2+ day, 18+ hour ago (393+ words) Park Il-young said Korea Investment Corp., or KIC, will be developed into a **Korean-style strategic sovereign wealth fund** and ultra-long-term **patient capital**. KIC said it will serve three roles: long-term **equity investment** with no set maturity or liquidation date, **anchor…...
August Spot Trading Volume at Major Crypto Exchanges Rises 19%; Binance Share Reaches 47.6%
3+ day, 3+ hour ago (150+ words) Spot trading volume across 14 major global cryptocurrency exchanges in August rose 19% from a month earlier to $510.4 billion. **Binance** ranked first with $243.1 billion in spot trading volume, giving it a **47.6% market share**. **OKX** posted $46.9 billion and **Coinbase** recorded $40.9 billion, bringing the…...
Morgan Stanley Initiates Coinbase Coverage With Neutral Rating, $250 Price Target
2+ day, 21+ hour ago (129+ words) bloomingbit Morgan Stanley Initiates Coinbase Coverage With Neutral Rating, $250 Price Target - Morgan Stanley has set a $250 price target on Coinbase, the U.S. cryptocurrency exchange. - Morgan Stanley assigned a neutral rating to Coinbase and set a $250 price target. - Coinbase shares closed at…...
Democratic Party’s Ahn Do-geol Says Digital-Asset Rules Can’t Be Delayed as Funds Move Overseas
2+ day, 21+ hour ago (288+ words) Ahn Do-geol, floor vice leader of South Korea’s Democratic Party, said the country can no longer delay establishing a regulatory framework for digital-asset-related financial products. His remarks underscore a push to accelerate legislation aimed at strengthening the competitiveness of the…...
Ray Dalio Says AI Is Transformative, but Overpaying for It Risks a Bubble
3+ day, 8+ hour ago (179+ words) Ray Dalio said artificial intelligence (**AI**) has strong transformative potential, but warned that excessive investment prices could lead to a **bubble**. He said investors risk paying too high a **price** relative to the technology’s value, and stressed that buying at…...
Consensys to Split MetaMask and Institutional Business Into Two Companies
3+ day, 12+ hour ago (207+ words) The company said on Sept. 9 it will rename its current legal entity MetaMask. That entity will operate the MetaMask cryptocurrency wallet platform and products and services for retail users. Consensys founder Joseph Lubin will serve as chairman of MetaMask’s board…...
Mirae Asset Launches Japan ETF Investing Half Its Assets in Samsung Electronics, SK Hynix
3+ day, 15+ hour ago (289+ words) Global X Japan’s Global X Korea Semiconductor Top 10 ETF listed on the Tokyo Stock Exchange on Sept. 9, according to Japan Exchange Group. The Tokyo Stock Exchange approved the new listing on Aug. 20. The ETF tracks the yen-converted FnGuide Semiconductor TOP10 Index,…...