Author: Kryptonews

Gemini Space Station, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, surged in its Nasdaq debut Friday after raising $425 million in an initial public offering.The company priced its IPO late Thursday at $28 a share, valuing Gemini at about $3.3 billion before trading began. That price was above the revised $24 to $26 range it set earlier in the week and well above the initial $17 to $19 range. The offering covered 15.2 million shares.On Friday, the stock opened at $37.01, a 32% premium to the offer price. Shares climbed as high as $45.89 during intraday trading before…

BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point.“If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated because it is not the right way to think about things,” Hayes told Kyle Chasse in an interview published to YouTube on Friday.“I’m sorry that you bought Bitcoin six months ago, but anyone who bought it two, three, five, or 10 years ago, they’re laughing,” Hayes said, echoing the frustrations…

Prediction market Polymarket is pursuing new funding that could boost its valuation to $10 billion, as Business Insider reported on Sept. 12.Two people with knowledge of the matter said the valuation discussions represent at least a threefold increase from the $1 billion Polymarket achieved in a funding round that closed this summer.According to one source, at least one investor offered a term sheet valuing the company at $10 billion. A Polymarket spokesperson declined to comment on the funding talks.Strategic developmentsThe reported valuation surge follows a series of strategic developments positioning Polymarket for a US comeback.The Commodity Futures Trading Commission granted…

A crypto wallet linked to an infamous Coinbase hacker has bought another 3,976 Ether, worth over $18.9 million, at $4,756 per token, according to onchain data.The purchase was made on Saturday, using 18.911 million DAI (DAI), according to data from Arkham Intelligence. The hacker consolidated various DAI amounts, ranging from $80,000 to $6 million, before executing multiple ETH buys. The Coinbase hacker wallet has been under surveillance by blockchain analysts since earlier this year. It’s reportedly tied to a $300 million+ social engineering scam that targeted Coinbase users. In May, onchain sleuth and security analyst ZachXBT estimated that the campaign…

Bitcoin’s climb above $122,000 this week has sent a jolt through the entire crypto ecosystem. It’s not just a number on the chart. It’s a statement that market confidence is alive and well. Ethereum is also playing its part, pushing past $4,300 for the first time since 2021. For NFT traders and creators, this kind of macro-level momentum often sparks renewed activity, as more liquidity enters the market and collectors feel emboldened to make bigger, bolder moves.Mainstream Finance Steps Into Web3Behind the rally is a confluence of factors that go beyond simple speculation. Institutional capital has been pouring in at…

U.S. SEC Chair Paul Atkins said crypto’s time has come, pledging to modernize the U.S. securities rulebook and expand “Project Crypto” to bring markets on-chain.Speaking in Paris on Sept. 10 at the OECD’s inaugural Roundtable on Global Financial Markets, Atkins said the SEC is shifting away from enforcement-driven policymaking and will provide clear rules for tokens, custody, and trading platforms. “Policy will no longer be set by ad hoc enforcement actions,” he said, calling the new approach “a golden age of financial innovation on U.S. soil.”Atkins said most tokens are not securities and promised bright-line rules for determining when crypto…

TON Strategy Company, previously known as Verb Technology Company, said on Friday it repurchased 250,000 shares of its common stock under its $250 million buyback agreement. According to the announcement, TON Strategy Company repurchased the shares at $8.32 each, below the treasury asset value of $12.18. The buyback comes just weeks after it revealed a $713 million reserve of Toncoin (TON) tokens on Aug. 21. TON Strategy says its buyback indicates “long-term confidence” in the TON ecosystem. The TON token is the native cryptocurrency of The Open Network, a project that started in 2018 and was initially conceived to bring…

MEXC Exchange is renowned for being a high-performance, mega-transaction platform capable of executing 1.4 million transactions per second.  The exchange prioritizes enhanced performance and efficiency, while also prioritizing user asset security and ensuring state-of-the-art operational integrity. Our MEXC review dissects the platform to help you decide whether it is the best cryptocurrency exchange for you.MEXC Exchange Review: At a GlanceCrypto exchangeMEXCYear Founded2018HeadquartersSeychellesCryptocurrencies supported2800+Fiat currencies supportedUSD, AUD, EUR, TWD, AED, PHP, JPY, CAD & moreDeposit methodsCryptocurrency, Visa/Mastercard, Bank Transfer, Apple Pay, Google PayTrading feesSpot: 0% maker and 0.05% takerFutures: 0% maker and 0.02% takerMobile AppAndroid and iOSSupported Countries170+ countries, except for…

Bitcoin’s recent price ascent continued in the past 24 hours as the asset tapped $116,800 for the first time in roughly three weeks. Many altcoins have produced a lot more impressive gains, especially those from the meme coin realm. DOGE and PEPE are up by double digits. BTC Targets $116K Reclaim The primary cryptocurrency began the business week with a retracement that had driven it to $110,000. However, the asset reacted well and started to recover lost ground almost immediately on Monday and Tuesday. It was stopped initially at $113,200 on Tuesday and pushed down to $110,800, but the bulls…

Key points:Bitcoin’s recovery remains on track, backed by solid demand from the spot Bitcoin ETF buyers.BNB, HYPE, and SOL are leading the altcoin charge higher, signaling solid buying by the bulls. Bitcoin (BTC) rose to $116,495 on Friday, and the relief rally is backed by solid buying in the spot BTC exchange-traded funds (ETFs), which witnessed $1.7 billion in net inflows this week, according to data from SoSoValue.Crypto trader and analyst Matthew Hyland spotted the most extreme level of tightness on the Bollinger Bands on the monthly time frame. Separately, popular analyst Crypto Ceasar said in a post on X that…