Robinhood Acquires Crypto Exchange Bitstamp for $200M

Robinhood Acquires Crypto Exchange Bitstamp for $200M

Robinhood (NASDAQ:HOOD), the popular stock-trading app, is expanding its presence in the cryptocurrency market with the acquisition of global crypto exchange Bitstamp for approximately $200 million. The transaction is expected to finalize in the first half of 2025. Robinhood, traditionally known for enabling everyday consumers to trade stocks, has been gradually increasing its involvement in…

Core Scientific Rejects CoreWeave’s $1.02B Offer

Core Scientific Rejects CoreWeave’s $1.02B Offer

Bitcoin miner Core Scientific (NASDAQ:CORZ) has rejected an all-cash buyout offer from Nvidia-backed cloud provider CoreWeave, stating that the offer undervalues the company. “The board concluded that the CoreWeave proposal significantly undervalues the company and is not in the best interests of the company and its shareholders,” Core Scientific announced in a statement. Core Scientific…

Short-Seller Kerrisdale Targets Riot Crypto Miner’s ‘Flawed’ Model

Short-Seller Kerrisdale Targets Riot Crypto Miner’s ‘Flawed’ Model

Kerrisdale Capital Management LLC, known for its short-selling strategies, has set its sights on Riot Blockchain Inc., criticizing its business model as flawed in the challenging landscape of Bitcoin mining. According to Kerrisdale, investing in Bitcoin directly is a more viable option for cryptocurrency enthusiasts than purchasing miner stocks. The report released by Kerrisdale founder…

Bitcoin & Ethereum Funds Surge Before ETH Spot ETFs Trading

Bitcoin & Ethereum Funds Surge Before ETH Spot ETFs Trading

In a notable development, global Bitcoin funds observed substantial net inflows amounting to $148 million last week, as reported by CoinShares. This surge in investments contrasts sharply with short Bitcoin products, which experienced outflows totaling $3.5 million. Additionally, Ethereum funds attracted $33.5 million, marking the second consecutive week of positive inflows following a prolonged period…

Robinhood Limits GameStop Trading After $175M ‘Roaring Kitty’ Bet

Robinhood Limits GameStop Trading After $175M ‘Roaring Kitty’ Bet

Robinhood (NASDAQ:HOOD) imposed buying restrictions on GameStop (NYSE:GME) shares late Sunday after the meme stock’s value surged following speculation that Keith Gill, known as “Roaring Kitty,” might hold a substantial position in the company. The brokerage stated that Blue Ocean ATS, the platform facilitating overnight trades, would only accept orders within 20% above or below…

NFT Sales Hit Lowest Point Since October

NFT Sales Hit Lowest Point Since October

In May, global non-fungible token (NFT) sales witnessed a notable decline, totaling $604 million, marking the lowest monthly performance since October and the first month of the year with sales below $1 billion. Ethereum, renowned as the leading blockchain for NFT sales, experienced a dip in sales, recording $164 million in May, the lowest since…