China

Crypto asset manager CoinShares to list on Nasdaq after $1.2 billion SPAC deal

CoinShares, a prominent crypto asset manager, is set to list on Nasdaq following a $1.2 billion merger with a special purpose acquisition company (SPAC). The deal aims to enhance CoinShares' visibility and access to capital markets, allowing it to expand its offerings in the digital asset space. The merger is expected to close in the first quarter of 2024, subject to regulatory approvals. CoinShares has positioned itself as a leader in the cryptocurrency investment sector, managing a significant amount of assets. This move marks a significant milestone for the company as it seeks to capitalize on the growing interest in cryptocurrencies.

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Bitcoin’s crashes are shrinking, and Wall Street is starting to notice

Bitcoin's price fluctuations are becoming less severe, with recent crashes showing a trend of diminishing volatility. Wall Street analysts are beginning to take notice, suggesting that this stabilization could indicate a maturing market. The reduced severity of price drops may attract more institutional investors, as they seek less

CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher

Avalanche (AVAX) has seen a 4% increase in value as part of the CoinDesk 20 index, which has also moved higher. The overall performance of the index reflects a positive trend in the cryptocurrency market. Factors contributing to this growth include increased investor interest and favorable market conditions. AVAX'

DOJ Charges 10 Foreign Nationals Over Crypto ‘Wash Trading’ Scheme

The U.S. Department of Justice (DOJ) has charged ten foreign nationals in connection with a cryptocurrency "wash trading" scheme that allegedly manipulated the market. The individuals, primarily from China, are accused of executing trades to create a false appearance of high trading volume and liquidity for certain

Franklin Templeton launches crypto division with 250 Digital acquisition

Franklin Templeton has launched a new cryptocurrency division following its acquisition of 250 Digital, a digital asset investment firm. This move aims to enhance the company's capabilities in the rapidly evolving crypto market. The acquisition is part of Franklin Templeton's strategy to diversify its investment offerings

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Bitcoin’s crashes are shrinking, and Wall Street is starting to notice

CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher

DOJ Charges 10 Foreign Nationals Over Crypto ‘Wash Trading’ Scheme

Franklin Templeton launches crypto division with 250 Digital acquisition