Major | Crypto

Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were left empty-handed after allocations fell through. Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns as SpaceX went public on the Nasdaq on Friday.  SpaceX’s IPO, which was reportedly more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.  However, major crypto platforms offering tokenized access to the IPO were unable to fulfill demand for SpaceX allocations, with several blaming Kraken-owned xStocks’ inability to deliver the underlying assets.  Read more

DoorDash is working with Stripe-backed Tempo to bring stablecoin-powered payouts into its marketplace. The company operates across more than 40 countries, and the money inside that marketplace moves in several directions at once, with customers paying at checkout, merchants waiting for settlement, and Dashers depending on payouts that determine how quickly earnings become usable cash. […] The post Major global food delivery service builds stablecoins into core infrastructure across 40+ countries appeared first on CryptoSlate.

Morgan Stanley Files Amended S-1 for Bitcoin ETF The post Morgan Stanley Is Making a Move No Major U.S. Bank Has Done Before — Will MSBT ETF Change Bitcoin Forever? appeared first on Cryptonews.

The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products. The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems. The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.” The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products.  Read more

BNY has rolled out new tokenized deposits that mirror client balances on a private blockchain while deposits stay on bank books. The first phase targets collateral and margin moves with real-time, 24/7 settlement. Early users include ICE, Citadel Securities, DRW, Baillie Gifford, Circle, and Ripple. The post Major U.S. Bank BNY Enters On-chain Cash Race With Tokenized Deposit Pilot appeared first on Cryptonews.

Wintermute faced scrutiny for two recent events: dumping Bitcoin onto Binance during New Year's Eve's thin liquidity, then scrambling to accumulate coins in what appeared to be urgent buying ahead of the Fed announcement on Jan. 2. The claims paint a picture of coordinated manipulation: sell into weakness, buy back cheaper. On-chain data supports the […] The post Major market maker secretly offloaded 1,213 BTC onto Binance during New Year’s Eve thin liquidity appeared first on CryptoSlate.

This week started with a sensational screenshot shared across hundreds of breathless posts on X, and a claim designed to hit every financial nerve ending at once. A “systemically important” US bank, a silver margin call, liquidation by the exchange in the middle of the night, the Federal Reserve allegedly “forced” to pump billions into […] The post “Major US bank blows up from Silver trade” headlines hide the $675M margin shock currently hitting traders appeared first on CryptoSlate.

At the DealBook Summit, BlackRock CEO Larry Fink acknowledged Bitcoin’s utility, as Coinbase’s Brian Armstrong said the exchange is running pilots with major US banks. Major US banks are running early pilots involving stablecoins, crypto custody and digital-asset trading in partnership with Coinbase, CEO Brian Armstrong said onstage at The New York Times DealBook Summit. According to Bloomberg, Armstrong didn’t name specific institutions but warned that banks slow to adopt crypto “are going to get left behind.” His remarks were made during a joint appearance with BlackRock CEO Larry Fink on a panel at the event. Although Armstrong and Fink haven’t always aligned on crypto, the two struck a notably similar tone on Bitcoin. Armstrong dismissed the idea that Bitcoin could ever fall to zero, while Fink said he now sees a significant “use case” for the asset, though he did caution that Bitcoin is “still heavily influenced by leveraged players.” BlackRock’s iShares Bitcoin Trust (IBIT), launched in January 2024, is...

The upcoming Fusaka upgrade could be the spark Ethereum needs to reach $10,000, fueling a highly bullish Ethereum price prediction.Set to roll out after Pectra, Fusaka will focus on reducing transaction fees and lowering the cost of becoming a network validator, making Ethereum faster, cheaper, and more accessible.If delivered by the end of 2025 as […] The post Ethereum Price Prediction: Major ‘Fusaka Upgrade’ Just Weeks Away – $10,000 ETH is Coming appeared first on Cryptonews.

Gemini and Figure are targetting combined valuations exceeding $6.3 billion for their initial public offerings (IPO) as digital asset firms capitalize on renewed investor appetite for public market debuts, Reuters reported on Sept. 2. Blockchain lender Figure Technologies aims to raise up to $526.3 million at a maximum valuation of $4.13 billion. Meanwhile, Gemini exchange […] The post Major US crypto firms target multi-billion valuations in their IPOs appeared first on CryptoSlate.

XRP (XRP) is quietly regaining traction after a weekend dip below $1.90, bouncing back as geopolitical headlines reshaped market sentiment.A brief slip under the $2 psychological level was quickly reversed after President Trump stepped in to broker a cease-fire between Iran and Israel, sparking a wave of renewed buying.Yet despite the rebound, XRP has struggled […] The post XRP Price Prediction – Major “Breakout” Predicted Within 90 Days – $589 XRP Possible? appeared first on Cryptonews.