Author: AltCoinDrops.com
Figure Technologies, a blockchain-based consumer lending platform, had a strong NASDAQ debut. Summary Figure Technologies IPO’d on NASDAQ, valuing the company at $7.62 billion The company raised $787.5 million from investors, with the offer price at $25 Stock started public trading at $44 per share, later stabilizing at $31 Wall Street is showing a strong appetite for blockchain stocks. On Thursday, September 11, blockchain-based consumer lending firm Figure Technologies had a strong start on the Nasdaq. The company sold 31.5 million shares in its initial public offering, raising $787.5 million from investors. Shares started public trading at $44, significantly higher…
Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked. Summary Pendle price increased more than 5% to $5.10, with daily volume rising 35% to $110 million. Gains in the past 24 hours have helped push total value locked to a new high above $12.1 billion. With top cryptocurrencies taking a cue from broader risk asset markets on Thursday amid fresh U.S. inflation data, Pendle surged to an intraday high of $5.10. The altcoin’s price rose 5.8% in 24 hours…
The XRP price recovery stalled at the key resistance level of $3 as traders awaited the first launch of a spot XRP exchange-traded fund on Friday, Sept. 12. Summary The Rex-Osprey XRP ETF will launch on Friday. It will be the first spot XRP ETF in the United States. The SEC is expected to approve other spot ETFs in October. Rex-Osprey XRP ETF set to launch on Sep. 12 The XRP price will be in the spotlight tomorrow as Rex-Osprey launches the first spot ETF. This fund will have a first-mover advantage compared to those filed by companies like Franklin…
A loose but growing push is under way in the XRP community to build what some people call an “XRP firewall” — a set of tools and checks meant to block scams on the XRPL. Related Reading Vet, one of the dUNL validators on the XRP Ledger, has hinted at a big update that could change the fight against scams on XRPL. The feature, known as the XLS-86 Firewall, is still in development but is being described as a possible endgame for fraudsters. In a recent post, Vet said the amendment would act as a safeguard to stop losses of…
Gemini’s Nasdaq debut drew so many orders that the exchange reportedly capped proceeds at $425 million. The move breaks with IPO convention and shows both intense demand for crypto listings and a rare note of restraint from the Winklevoss-led firm. Summary Gemini’s Nasdaq IPO was oversubscribed more than 20 times, forcing a $425 million hard cap. Lead underwriters Goldman Sachs and Citigroup closed the order book early amid overwhelming demand. Share price was raised to $24–$26, giving the company a potential market value over $3 billion. On September 11, Reuters reported that the forthcoming initial public offering for crypto exchange…
For years, Wall Street treated Decentralized Finance like a fringe experiment, something volatile and best left to online speculators. That’s over. A profound change is underway as the world’s financial titans stop watching and start building. They are methodically weaving DeFi’s technology into their core operations, creating a new kind of financial engine that blends the raw power of the blockchain with the rigorous safety checks of the old guard. It’s no longer just talk. Heavyweights like BlackRock, JPMorgan, and Franklin Templeton are carving out pathways between their trillions in traditional assets and the scrappy, fast-growing world of digital finance.…
Donald Trump has formally asked a federal appeals court in Washington to pause a ruling that blocked his move to fire Federal Reserve Governor Lisa Cook, according to a filing first submitted Thursday. The White House is pushing for a decision by Monday, one day before the Federal Reserve meets to decide on interest rates, and just days after a district judge blocked Trump’s attempt to remove Cook from her post. The request, filed by the Justice Department on Trump’s behalf, was sent to a three-judge panel and demands an emergency stay on U.S. District Judge Jia Cobb’s ruling. Cobb…
Figure stock price surged by over 44% after its initial public offering, pushing its market capitalization to over $7.8 billion. Summary Figure Technology stock price jumped after its IPO. The company’s market cap jumped to $7.8 billion. Recent IPOed companies like Klarna, Circle, and Bullish have erased initial gains. Figure stock jumps after IPO Figure Technologies shares were trading at $32 at press time, down from the intraday high of $36. This followed the company raising $787 million in the closely watched FIGR IPO. Figure’s IPO is another major win for the cryptocurrency industry. It joins companies such as Circle…
TLDR Coinbase has filed a legal motion against the SEC over the deletion of former Chair Gary Gensler’s text messages. The company claims the SEC failed to provide comprehensive communications about Ethereum and digital asset matters. Coinbase accuses the SEC of delaying searches and using narrow search terms, hindering a full review of key information. The SEC’s Office of Inspector General confirmed that Gensler’s text messages were permanently erased between October 2022 and September 2023. Coinbase is pushing for the court to impose sanctions on the SEC for failing to meet record-keeping requirements. Coinbase has filed a legal motion against…
The idea of Bitcoin hitting $1 million, once just loud talk from the market’s fringes, is now being quietly modeled in Wall Street’s corner offices. This isn’t about hype; it’s about a pattern. Analysts are looking at the S-curve, the same adoption path that took gold mainstream in the ’70s and the Internet in the ’90s. With the launch of Spot Bitcoin ETFs, the floodgates for institutional money finally opened, potentially redrawing Bitcoin’s entire future. Global chaos pushing Wall Street’s buttons Big money isn’t flocking to Bitcoin out of curiosity. It’s a defensive move. Governments are drowning in debt, money…