Crypto News
Coinbase Shares Jump 8% on S&P 500 Inclusion
Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index.The company would replace Discover Financial starting on May 19, according to an S&P press release. Discover Financial is being acquired by Capital One.The S&P 500 tracks 500 of the largest publicly traded companies in the U.S. across several sectors, including tech, healthcare, finance and more. Prominent names in the index include Apple, Microsoft, Amazon and Google. COIN, at a market cap of nearly $53 billion, currently trades on the Nasdaq exchange.The inclusion would be a significant milestone for the digital asset industry, giving millions of average investors and model portfolios exposure to a...
Trump’s Crypto Dinner Cost VIP Attendees an Average of $4.8 Million
Crypto investors dug deep into their pockets to secure a VIP spot at President Trump's upcoming reception and dinner.Source link
Trump-Linked American Bitcoin Mining Firm Going Public
The Trump-tied Bitcoin mining company is going public.Source link
Cryptoquant CEO Predicts the Rise of ‘Dark Stablecoins’
Ki Young Ju, CEO of Cryptoquant, states that due to upcoming regulations, dark stablecoins—an alternative not under government control—will rise as people use them for large international transfers and other use cases that may invite scrutiny. Cryptoquant CEO Predicts Rise of ‘Dark Stablecoins’ in Face of Upcoming Regulation The increasing relevance of stablecoins and theSource link
Penny Stocks Attempt to Ride Crypto’s Coattails
Education tech firm Classover Holdings (KIDZ) said in early May that it would sell $400 million worth of shares to buy solana. Its stock exploded higher. Shares of the thinly traded company, then with a market cap well shy of $50 million soared from $1.15 to more than $7 in just two sessions before settling back to the current $3.69. .Classover wasn’t the first company to experience the crypto surge, and it won’t be the last.A growing number of obscure, microcap and nanocap companies are embracing cryptocurrency — not as a business line or payment method, but as a headline-grabbing balance sheet item. They often follow the same script: an announcement of a shift in strategy to hold digital assets...