Tech investor Chamath Palihapitiya suggested Wednesday that Ripple Labs or Coinbase Global Inc. (NASDAQ:COIN) acquiring Circle Internet Financial would be a “genius” move, given the potential value of the stablecoin market.
Tesla and SpaceX CEO Elon Musk signaled agreement with Coinbase CEO Brian Armstrong's warning Wednesday that government overspending could lead to Bitcoin (CRYPTO: BTC) replacing the dollar as the reserve currency.
Cryptocurrency exchange Coinbase Global Inc. overtook several Wall Street behemoths in a stunning rally last month, driven by its historic inclusion in the S&P 500 and renewed cryptocurrency optimism.
Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), reiterated the Bitcoin (CRYPTO: BTC)-only strategy of its "Cash App" digital wallet service on Tuesday.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.1% in the afternoon session after stocks edged higher (Nasdaq +0.9%, S&P +0.6%) while momentum in the crypto space picked up amid concerns the proposed spending bill (One Big Beautiful Bill) would raise the already bloated US fiscal deficit, making it difficult to keep inflation under control.
Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Curious about the market action on Wednesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Circle, the company behind the USDC (CRYPTO: USDC) stablecoin, is planning to raise up to $600 million through its upcoming initial public offering (IPO), according to an update submitted to the
