Tag: Arca

Cryptocurrency hardware wallet provider Ledger has appointed former Circle executive John Andrews as its new CFO, paving the way for its planned IPO. Andrews previously played a key role in Circle’s IPO preparations and brings relevant experience. Ledger has also opened an office in New York City to expand its U.S. operations. However, Andrews noted that market volatility may delay the timing of the IPO.

U.S.-listed Bitcoin treasury company Strive disclosed that, as of March 17, it holds a total of 13,628 BTC, primarily acquired through financing and acquisitions. Additionally, the company holds $50.4 million worth of STRC perpetual preferred shares and $83.7 million in cash.

Nasdaq-listed Eightco announced an additional $40 million investment in OpenAI, bringing its total investment commitment to $90 million. Eightco also holds substantial crypto assets including WLD and ETH, making it the largest publicly traded participant in the WLD ecosystem. Recently, Eightco secured a $125 million investment commitment and appointed the Chairman of Bitmine to its board.

Bitcoin's RSI indicator is approaching a key range, with market participants watching closely to see whether it forms a 'higher low' to confirm a potential bullish signal. Historical data shows that a bullish divergence on the weekly RSI often signals a bear market bottom. Traders note that an RSI rebound typically indicates a bottom is near. Current technical indicators have already emitted potential reversal signals.

AlphaTON Capital acquires a 60% equity stake in Animoca’s subsidiary GAMEE for up to $11 million, valuing GAMEE at $18 million. The transaction includes a two-year earn-out clause and grants AlphaTON operational control over GAMEE’s day-to-day operations, alongside establishing a strategic alliance with Animoca Brands.

Forward Industries holds 7.01 million SOL and has launched a $27.4 million share repurchase program. The repurchase is funded by a cryptocurrency loan collateralized by fwdSOL, and upon completion, the number of outstanding shares will be reduced to approximately 76.98 million.

On March 19, Ethereum spot ETFs recorded a net outflow of $136 million, with BlackRock’s ETHA experiencing over $100 million in outflows. However, BlackRock’s Staked ETH ETF (ETHB)逆势吸金约772万美元, historical cumulative inflows reached $154 million. As of now, total assets under management (AUM) of Ethereum spot ETFs stand at approximately $12.46 billion, representing 4.81% of Ethereum’s total market cap.

On March 19, bitcoin spot ETFs recorded a total net outflow of $90.18 million, led by BlackRock’s IBIT with a single-day outflow of $38.25 million. Grayscale’s GBTC and Franklin’s EZBC posted net inflows. The total assets under management (AUM) of bitcoin spot ETFs currently stand at $90.8 billion, with cumulative net inflows reaching $56.3 billion to date.

Matrixport, a crypto financial services platform co-founded by Bitmain co-founders Wu Jihan and Ge Yuesheng, has officially rebranded as "BIT." This is purely a brand upgrade with no changes to its business operations; user accounts and assets remain unaffected. Previously, its subsidiary derivatives exchange bit.com announced its shutdown.

U.S. publicly traded company Daily Dose of Cooking (DDC) has recently acquired an additional 200 BTC at an average purchase price of approximately $79,900. The company now holds a total of 2,383 BTC, valued at roughly $165 million. Its buying pace has slowed from approximately 200 BTC per week in January to about 100 BTC per week in February.

OpenAI plans to integrate ChatGPT, Codex, and browser functionality into a unified desktop 'super app', aiming to simplify the user experience and enhance product synergy and user retention.

Prediction market platform Kalshi has raised over $1 billion in funding, achieving a $22 billion valuation—double its previous round. The platform generates $1.5 billion in annual revenue, with trading volume growing 12x in just six months. Despite regulatory challenges, investors remain bullish on its growth prospects.