The post Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B appeared on BitcoinEthereumNews.com.
The post Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B appeared first on Coinpedia Fintech News Crypto traders are no longer betting only on Bitcoin and altcoins. Trading volume in tokenized traditional stocks crossed $54 billion in June, with SpaceX alone contributing $36 billion, followed by Strategy, Circle, and Intel New data from CryptoQuant shows that crypto traders are increasingly shifting toward TradFi equities. TradFi Stocks Are Becoming the New Crypto … Source: https://coinpedia.org/news/crypto-traders-shift-to-tradfi-as-tokenized-stock-trading-hits-54b/
The post TeraWulf Targets $3.5B Debt For Kentucky AI Campus appeared on BitcoinEthereumNews.com.
US-listed Bitcoin mining company TeraWulf is reportedly seeking to raise $3.5 billion in debt to expand its Justified Data campus in Kentucky, a facility leased by artificial intelligence company Anthropic under a long-term agreement. The deal is expected to launch this year, with investment bank Morgan Stanley leading the financing effort, TeraWulf chief financial officer Patrick Fleury said, according to a Thursday Bloomberg report. The deal could include leveraged loans and high-yield bonds, marking TeraWulf’s first entry into the leveraged loan market, the report stated. The news comes days after TeraWulf signed a 20-year lease agreement with Anthropic for the Kentucky facility, showing how demand for AI computing capacity is creating new funding opportunities for data center operators. TeraWulf’s previous financing activity includes multibillion-dollar offerings The Justified Data camp
Saylor's Bitcoin sale highlights the volatility and strategic shifts in corporate crypto holdings, impacting investor confidence and market dynamics.
The post Michael Saylor’s Strategy sells 3,588 Bitcoin in largest liquidation ever, rattling crypto investors appeared first on Crypto Briefing.
The post SK Hynix Raises Record $26.5B in Landmark U.S. Listing appeared on BitcoinEthereumNews.com.
The post SK Hynix Raises Record $26.5B in Landmark U.S. Listing appeared first on Coinpedia Fintech News SK Hynix has raised $26.5 billion after selling 177.9 million ADRs at $149 each, marking the largest first-time U.S. share sale by a foreign company. The offering was more than seven times oversubscribed, with investor demand reportedly nearing $200 billion, highlighting strong appetite for AI semiconductor stocks. Each ADR represents one-tenth of a common share … Source: https://coinpedia.org/crypto-live-news/sk-hynix-raises-record-26-5b-in-landmark-u-s-listing/
The post Circle wins final OCC approval for U.S. national trust bank appeared on BitcoinEthereumNews.com.
Circle Internet Group has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank. Summary Circle secured final OCC approval to establish a federally supervised national trust bank in America. The bank will initially provide digital asset custody services to Circle and affiliated companies only. Future plans may include institutional custody and management of reserves backing the USDC stablecoin directly. The new institution will operate as Circle National Trust. Its legal name will remain First National Digital Currency Bank, N.A., according to Circle’s July 10 announcement. Circle National Trust gains federal approval The OCC approval places Circle National Trust under direct federal supervision. The regulator oversees national banks and national trust banks across the United States. Circle has received final OCC approval
The post SPCXB Holds Near $150 as Musk Says SpaceX Will Outvalue Earth appeared on BitcoinEthereumNews.com.
SPCXB News SpaceX chief Elon Musk reignited investor debate this week with a blunt forecast that SpaceX (SPCXB) will one day be worth more than the rest of Earth combined. Writing on X, Musk argued the rocket maker would eclipse global economic output if it delivers on orbital manufacturing, asteroid mining and Mars colonization. He traced the thesis to a January 2026 post claiming space industries will vastly exceed the value of all terrestrial assets, powered chiefly by solar energy. Humanity, he estimates, could eventually harness roughly 100,000 times more solar power than it consumes today, while tapping less than one-millionth of the Sun’s total output across the solar system. For all the cosmic ambition, SPCXB has cooled sharply from its peak. The underlying SpaceX equity trades near $153 with a market capitalization close to $2 trillion, yet it has retreated roughly 32% f
The post Circle Receives Final Green Light to Establish National Trust Bank appeared on BitcoinEthereumNews.com.
Circle has joined a small but growing list of crypto-native companies that have received OCC approval. The entity behind the second-largest stablecoin announced earlier today that it has secured the necessary license from the US Office of the Comptroller of the Currency (OCC) to launch First National Digital Currency Bank, N.A., which will operate as Circle National Trust. This authorization represents one of the most significant milestones for the firm as it places its trust bank under direct federal oversight, said its execs. Circle Wins OCC Approval The national trust bank charter will allow the company to provide fiduciary cryptocurrency custody services for itself and its affiliates. This paves the way for future management of USDC reserves under OCC supervision and strengthens the infrastructure supporting the stablecoin by bringing key operations into the US federal