Latest Business crypto news, drawn from two or more publishers, with short briefs and links to the original reports.
IPX Exchange closed a $4 million seed round at a $125 million valuation. Bitsurge Holdings led the round, with YICIPX Holdings Family Office participating.
CoreWeave shares fell sharply as yields on its debt climbed toward 15% or higher. The AI cloud provider relies on borrowed money to fund its AI data center and computing equipment buildout.
Original reports available. Automatic summary unavailable.
Original reports available. Automatic summary unavailable.
Original reports available. Automatic summary unavailable.
Morgan Stanley raised its Coinbase forecast from $250 to $258 and kept an Equal Weight rating. Citizens JMP cut its Coinbase forecast to $280 from $325.
Original reports available. Automatic summary unavailable.
Crypto exchange OKX closed a funding extension round at a $25 billion valuation. Participants include Qube Research & Technologies, Circle, Ripple and Standard Chartered's SC Ventures.
Original reports available. Automatic summary unavailable.
Bank of America raised its estimate for Coinbase stock to $203 from $174 and kept its rating on the shares, according to analyst Craig Siegenthaler.
Original reports available. Automatic summary unavailable.
Kalshi, a CFTC-regulated prediction markets platform, is in advanced talks to raise roughly $1 billion at a $40 billion valuation.
Original reports available. Automatic summary unavailable.
Blockchain.com is reportedly targeting a roughly $500 million US IPO this year, with a proposed valuation between $4 billion and $6 billion. The company confidentially filed draft SEC registration documents in May.
Jumper has scheduled its JUMP token sale on Legion for Sep 29 at 13:00 UTC. The offering is set to run for three days.
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OKB
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