The S&P 500 Index has surged more than 21% over the past 12 months and is up 7% year to date, adding trillions of dollars in market value. The rally has been fueled by the ongoing artificial intelligence boom, which has driven corporate earnings growth to multi-year highs. Top software stocks are plunging this year
Western Digital stock has embarked on a major bull run this year, reaching its highest point on record on June 18. It has soared by 264% this year and 960% in the last 12 months, bringing its market capitalization to over $221 billion. While this rally may continue after the Micron earnings, WDC faces some
Figma’s stock price has imploded since its initial public offering (IPO) last year as the exuberance that fueled its private-market valuation collided with the realities of life as a publicly traded company. FIG dropped to $16 on Thursday, down sharply from the all-time high of $142. Private valuation and public reality Figma is one of
Why Is Spain Taking A Hard Line On MiCA? Spain’s market watchdog has ruled out extensions or waivers for crypto firms that fail to secure licences under the European Union’s Markets in Crypto-Assets regime, sharpening the end-of-June deadline for platforms still operating without authorisation. CNMV chair Carlos San Basilio said there would be “no exceptions
Why Did ASIC Extend The Crypto Licensing Deadline? The Australian Securities and Investments Commission has given digital asset businesses another 3 months to apply for licenses required under its updated regulatory guidance, extending temporary protection from enforcement until Sept. 30. The previous deadline was June 30. The extension gives crypto firms more time to assess
What Happened to Base Mainnet? Base resumed block production on Friday after a brief mainnet stall, marking the second block production disruption for the Coinbase-incubated blockchain in two days. The latest incident began at 15:33 UTC, when an alert said the team was investigating an issue affecting Base Mainnet. The problem was identified shortly afterward,
Why Is StablecoinX Going Public Now? Stablecoin infrastructure company StablecoinX has completed its merger with TLGY Acquisition Corp., giving the company a Nasdaq listing at a difficult point for crypto-linked public market vehicles. The company will begin trading on Friday under the symbol “USDE.” StablecoinX is positioning itself as the first public stablecoin infrastructure company
Why Is Securitize Going Public Now? Securitize expects to begin trading on the New York Stock Exchange next week after securing roughly $400 million through its merger with Cantor Equity Partners II, giving one of the largest tokenization infrastructure firms new public-market visibility as institutional interest in real-world assets continues to grow. The company said
Why Did Strategy Lose Its Bitcoin Premium? Strategy briefly lost the premium investors had assigned to its bitcoin holdings on Friday, with its enterprise mNAV slipping below 1 as pressure mounted on both the company’s common stock and its preferred share funding structure. The move came as Strategy’s common shares fell to a recent low
Why Is Ripple’s CEO Criticizing Strategy? Ripple CEO Brad Garlinghouse criticized Strategy and Chairman Michael Saylor’s approach to funding bitcoin purchases, arguing that the company’s reliance on financial structuring has distracted from the core driver of digital asset value. “Financial engineering does not drive long-term value,” Garlinghouse said in a Friday CNBC interview. “Long-term value