Stock Market | ForkLog

ForkLog 16 02.04.2025

Trump-Linked Mining Firm to Go Public

The mining company American Bitcoin plans to go public and attract additional private capital before its stock market debut, according to Bloomberg. On March 31, Hut 8 announced the creation of a subsidiary focused on bitcoin mining. Previously, the firm acquired an 80% stake in American Data Centers, in exchange for nearly its entire fleet […]

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ForkLog 66 02.04.2025

Circle to Launch IPO on NYSE

Circle, the issuer of the stablecoin USDC, has submitted an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). This move is the realization of previously announced plans to go public. Class A shares will be issued under the ticker CRCL on the NYSE. Details regarding the number of […]

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ForkLog 110 31.03.2025

Circle’s IPO Ambitions Revealed by Fortune

Circle, the issuer of the USDC stablecoin, is preparing for an initial public offering (IPO) in the United States, according to Fortune, citing its own sources. The exact timing of the listing remains undetermined. Insider information suggests that Circle plans to file for the IPO by the end of April. The company is also collaborating […]

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ForkLog 116 25.03.2025

Standard Chartered Finds Bitcoin Outperforms Tesla

A hypothetical version of the Mag 7 index created by Standard Chartered, replacing Tesla with Bitcoin, demonstrated superior returns compared to the original. This was reported by The Block, citing the bank’s report. The Mag 7 includes the so-called tech ‘Magnificent Seven’ — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla. Jeffrey Kendrick, head of […]

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ForkLog 46 21.03.2025

Bernstein Lowers 2025 Forecasts for Bitcoin Miners’ Stocks

Analysts at Bernstein have reduced their target prices for the stocks of miners IREN, CleanSpark, and Riot Platforms for 2025. This was reported by The Block, citing the company’s report. “This year, bitcoin miners have experienced a painful correction (20–40%), while the cryptocurrency fell by 10%,” stated analysts led by Gautam Chhugani. Overall, the miners’ […]

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ForkLog 21 19.03.2025

Tezos Co-Founder Highlights Lack of ‘Fundamentality’ as Key Risk for Cryptocurrencies

The greatest risk to cryptocurrencies lies not in a potential U.S. recession, but in their inherently ‘cyclical’ economy. This was stated by Tezos co-founder Arthur Breitman in an interview with Cointelegraph. “The industry is still seeking its footing. If the only reason people want to buy a token is the expectation that others will buy […]

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ForkLog 19 06.03.2025

Coinbase Revisits Launch of Tokenized Securities Trading

Coinbase plans to launch trading of security tokens in the United States and offer other crypto products, pending approval from the SEC. This was stated by the platform’s CFO, Alesia Haas, as reported by The Block. The plans emerged following discussions of initiatives with the agency’s digital assets task force led by Hester Peirce. The […]

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ForkLog 12 06.03.2025

BioNexus Gene Lab to Establish Ethereum Reserve

The board of directors of Nasdaq-listed technology firm BioNexus Gene Lab (BGLC) has approved the addition of Ethereum as a strategic treasury asset. In the presented Ethereum Strategy Whitepaper, the management justified their choice with the following factors: institutional reliability: adoption among financial institutions and ETFs; yield generation opportunities: Proof-of-Stake; dominance in financial infrastructure: “trillions […]

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ForkLog 10 24.02.2025

Nvidia’s AI Chip Demand Under Scrutiny After DeepSeek’s Disruption, Reports Reuters

The demand for advanced AI chips will be a focal point in Nvidia’s report on February 26, as investors question the corporation’s significant spending on its products following the emergence of an affordable alternative from DeepSeek, according to Reuters. The debut of the R1 model by the Chinese competitor caused a record $593 billion drop […]

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ForkLog 28 19.02.2025

BitGo CEO Highlights IPO Benefits for Crypto Firms

An initial public offering (IPO) can “ensure trust in digital assets,” according to BitGo CEO Mike Belshe, as reported by Cointelegraph. In his view, the key components include comprehensive due diligence, associated processes, and oversight by the U.S. Securities and Exchange Commission (SEC). The BitGo CEO welcomed recent changes in the leadership of the SEC […]

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ForkLog 39 14.02.2025

Coinbase’s Q4 trading volume jumped 2.4x

Crypto trading volumes at Coinbase rose 137% in October–December; at online broker Robinhood, 393%. Drivers included hopes for friendlier regulation after Donald Trump’s victory. Trading volume on Coinbase in October–December surged to $439bn from $185bn in the prior quarter. Earnings per share came in at $4.31, 2.6 times the $1.81 consensus, according to Reuters. Data: […]

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ForkLog 19 08.02.2025

Metaplanet Shares Surge 2700% Following Bitcoin Strategy Adoption

Shares of Metaplanet, dubbed the “Japanese Microstrategy,” have soared over 2700% since the adoption of a Bitcoin strategy in early April 2024. During the same period, the leading cryptocurrency increased by 34%, while gold rose by approximately 22%. Data: Google Finance. Data: Binance Square. The company holds 1762 BTC valued at $169.6 million. Data: BitcoinTreasuries. […]

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