Public keys are weekly summary Decryption This tracks major crypto companies that are publicly traded.
Dove Wings
Crypto stocks (and other crypto and stock markets) are surged thanks to a massive boost from Federal Reserve Chair Jerome Powell's Doish speech at the Jackson Hole Symposium on Friday morning.
Crypto and stocks tend to increase as the Federal Reserve causes rotation of funds from financial liabilities and risk-on assets, and therefore lowers the rate.
In his remarks, Powell said, “the balance of risk changes may ensure that our policy stance is adjusted.” In other words, he opened up the possibility of interest rate reductions when the Federal Open Market Committee met again in September.
Crypto Exchange Coinbase stocks won around 6%, while Bitcoin hoarding strategy rose 5% that day.
However, it was Bitcoin Miner and Ethereum Finance Company that won that day. The two largest Ethereum Treasury ministry, Former Bitcoin Minor Bitminimirsion and online gambling marketer Sharplink, won 12% and 15.6%, respectively.
Bitcoin mining rig maker Canaan's shares rose 12%, while Bitcoin miner's riot platform and Iris Energy won 7.7% and 9.3%, respectively.
Katalin Tishhauser, research director at Sygnum Bank, said Crypto Markets had a “quickly and positive” response to the news, but she flagged the underlying economic data as still showing signs of trouble.
“Even if the September cuts were not realized, the market has proven to be resilient while setting new highs, diligently diligently disappointing past. Decryption. “On the other hand, liabilities vortex and rising inflation remain unresolved structural issues, which are factors that strengthen the case of safe inventory assets in the long term.”
Billion dollar bleeding
The Bitcoin ETF spent five days in red pouring $1 billion, even as Ethereum counterparts were performing turnarounds. On Thursday, the Ethereum Fund stopped bleeding and pulled in net deposits worth $288 million.
According to the latest memo from M31 Capital, Ethereum's domination in the current market narrative is highly guaranteed.
The Private Equity and Venture Capital Fund noted that infrastructure, DEFI, L1, L2 networks and Web3 companies were all on the green, all came out in front of Bitcoin.
But besides BTC's greatest ever, last week's record set run didn't reach $124,128.
Runway diagram
Just as Bullish makes its $1.15 billion debut, there's a new Crypto Company ready to test its wings.
Blockchain lender figure technology submitted documents for its first public offer.
It is important to distinguish between the history of crypto lenders within the space between given numbers. The diagram allows it to be used to rent out of the traditional scope of the crypto industry, such as real estate.
The company is the largest non-bank provider of the largest home equity credit line in the United States, and its software is used for more than $16 billion in mortgages.
Ilya Otichenko, lead analyst at cex.io, said Ilya Otichenko. Decryption Earlier this week, the company “dominates tokenized private credit spaces, with over $11 billion in market share of over 70% and active loans on the source blockchain.”
The figure was co-founded by Mike Cagney, former CEO of SOFI, and left the bank in 2017 amid allegations of sexual harassment. The IPO marks his return to leading a publicly available company.
“IPOs are one step in a long process to bring blockchain to all aspects of the capital market,” he said in the company's SEC filing. However, there are no words yet regarding shared prices.
Other keys
wood: Nasdaq announced that it would delist drug developer Windtree Therapeutics and purchase Bnb's BNB tokens worth $700 million last month. The company said in its SEC filing that its shares have suspended trading in NASDAQ because it failed to maintain the minimum bid price of one share per share requested by the exchange.
Made in America: Bitcoin Miner Bitdeer has confirmed that it will begin manufacturing mining rigs in the US this year. The news came from a letter from US Customs seeking duties for millions of people on a Chinese-made rig purchased in 2024, when two competitors won.
