Major upcoming IPOs from AI and tech giants like SpaceX, OpenAI, and Anthropic could shift institutional capital away from Bitcoin. SpaceX plans a Nasdaq debut in June 2025, potentially raising $75 billion, while OpenAI and Anthropic aim for public offerings in 2026 and late 2024 respectively. This wave of IPOs, estimated at $3 trillion, may prompt fund managers to rebalance portfolios, possibly reducing crypto exposure. Bitcoin's resilience will be tested as investors weigh AI's growth potential against cryptocurrencies.
Bio Green Med Solution (BGMS) shares jumped over 175% after announcing an all-stock merger with Malaysia's Future NRG, a company specializing in medical waste-to-energy technology. The deal will make Future NRG a wholly-owned subsidiary of BGMS, comb...
Bitcoin options data from Deribit reveals a bullish market sentiment with a call-heavy open interest, especially concentrated in $80,000 strike calls, indicating traders expect higher prices in the medium term. However, recent trading volume shows in...
MGP Ingredients, a key player in the U.S. whiskey market, faces near-term operational challenges due to an oversupply of American whiskey, leading to distillery closures and significant sales declines. Despite these headwinds, the company maintains a...
Ethereum's price dropped sharply to $1,714, the lowest since April 2025, marking a 10% weekly loss and over 31% decline year-to-date. This drop triggered $408 million in forced liquidations, mostly from bullish traders, while $52 million exited Ether...
Kalshi introduced Ethereum perpetual futures on June 4, offering US traders regulated crypto derivatives with no expiration dates and a temporary zero-fee promotion. This follows their Bitcoin perpetual futures launch, marking a significant step in p...
