Stock Market | ForkLog

ForkLog 128 16.06.2025

TRON rallies 9% after FT report on US listing via reverse merger

On June 16, TRON’s token (TRX) jumped from ~$0.27 to ~$0.30, up about 9%. After a pullback, it returned to levels near $0.28. 15-minute chart of TRX/USDT on Binance. Data: TradingView. The sharp move followed an FT report on plans for the Justin Sun-founded blockchain project to list in the US. According to the paper, […]

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ForkLog 18 09.06.2025

Bitcoin Funds Lose Ground as Ethereum Products Gain Strength

From May 31 to June 6, inflows into cryptocurrency investment funds totaled $224 million: while inflows are slowing, Ethereum maintains a positive trend. This is according to a report by CoinShares. Source: CoinShares. In the previous reporting period, the figure was $321 million. Over a seven-week series, the total inflow reached $11 billion. In the […]

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ForkLog 26 06.06.2025

Circle Shares Surge 168% on Debut Day

On June 5, Circle’s shares were listed on the NYSE under the ticker CRCL. On the first day of trading, the stock price soared by 168%, from $31 to $82. Data: Yahoo.Finance. In pre-market trading, CRLC added another 11.6% from the closing price, reaching $92.5 at the time of writing. The trading volume amounted to […]

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ForkLog 34 05.06.2025

Media: USDC stablecoin issuer valued at $6.9bn after IPO

Circle raised $1.1 billion — almost twice what it had planned. The USDC issuer’s common-stock offering on the NYSE was 25 times oversubscribed, пишет Bloomberg, citing people familiar with the matter. June 5, 2025 | 17:57Update: On June 5, Circle listed its shares on the NYSE. Trading is under the ticker CRCL. I am incredibly […]

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ForkLog 24 28.05.2025

Trump Media to raise $2.5bn to buy bitcoin

Trump Media & Technology Group will raise $2.5bn via an issuance of common stock and convertible notes to acquire digital gold. The execution of the bitcoin strategy resembles a pyramid propped up by a premium of the securities over the value of the coins. An analyst drew parallels between MSTR and Grayscale’s GBTC. Trump Media […]

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ForkLog 9 27.05.2025

Circle Updates IPO Filing with Valuation of $5.4 Billion

Circle, the issuer of the USDC stablecoin, has updated its documents for an initial public offering (IPO) on the NYSE. The goal is to raise approximately $600 million with a company valuation of $5.4 billion. According to the filing with the SEC, Circle plans to sell 9.6 million Class A common shares at a price […]

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ForkLog 19 21.05.2025

Standard Chartered Reaffirms $500,000 Bitcoin Target Amid Sovereign Fund Interest

In the first quarter, government entities increased their holdings in Strategy shares as a derivative of digital gold. Standard Chartered reached this conclusion based on reports to the SEC, writes The Block. This trend has reinforced the bank’s experts’ expectations of the first cryptocurrency reaching a target of $500,000 by 2028. “As more investors gain […]

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ForkLog 10 20.05.2025

Circle’s Potential Withdrawal from IPO and $5 Billion Sale Rumored

Circle’s IPO may not proceed as the USDC issuer is reportedly in talks with Coinbase and Ripple to sell its business for at least $5 billion, according to sources cited by Fortune. The discussions are taking place as the company prepares to enter the stock market. Earlier in May, media outlets reported Ripple’s attempt to […]

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ForkLog 4 15.05.2025

Investor Takes Short Position on Strategy Shares and Long on Bitcoin

Jim Chanos, an investor specializing in short positions and founder of Kynikos Associates, revealed in an interview with CNBC that he has purchased bitcoin and opened short positions on Strategy shares. “We are essentially buying something for $1 and selling it for $2.5. […] It’s a good barometer not only of the arbitrage itself but […]

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ForkLog 49 14.05.2025

eToro Valued at $4.3 Billion as Shares Priced at $52

The share price for the trading platform eToro has been set at $52, surpassing the initial IPO range of $46-50, reflecting increased demand. This was reported by Bloomberg. The funds raised amounted to $620 million, with a market capitalization of $4.3 billion (FDV including options and restricted securities — $5 billion). Half of the 11.9 […]

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ForkLog 8 13.05.2025

Bernstein Estimates $9 Billion Demand for Coinbase Shares Following S&P 500 Inclusion

Index funds may generate approximately $9 billion in demand for Coinbase shares following their inclusion in the S&P 500, according to calculations by Bernstein, reports The Block. Investments from active funds tracking the popular benchmark are expected to reach around $7 billion. Matthew Sigel, head of digital asset research at VanEck, estimated the total purchase […]

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ForkLog 7 13.05.2025

Coinbase to Join S&P 500 as First Crypto Company

Starting May 19, Coinbase shares will be included in the S&P 500 index, replacing Discover Financial Services. Following this announcement, the market capitalization of the bitcoin exchange rose by 7.9% to $52.78 billion at the close of the trading session. Coinbase shares increased to $207.22, remaining below the December peak of $343. Since the beginning […]

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