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Cango (CANG) is at risk of losing its NYSE listing after its shares traded below $1 on average for 30 consecutive days, triggering a compliance notice from the exchange and giving the bitcoin BTC$68,139.30 miner a six-month window to recover, the company said in a press release Wednesday.The New York Stock Exchange flagged the company on March 10, warning that failure to lift its share price back above the $1 threshold by the end of the cure period could lead to suspension and delisting proceedings. Cango said it plans to monitor market conditions and explore options to regain compliance, while…
Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle. Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure CoinShares (CSHR), one of Europe’s largest crypto asset managers, made its long‑anticipated US market debut on Wednesday after completing a merger with Vine Hill Capital that created the holding company CoinShares PLC. The transaction, first announced in September and closed late Tuesday, values the business at about $1.2 billion and included a $50 million strategic investment from institutional backers. CoinShares’ CEO Urges Patience After 25% Slide The listing, however, got off to a rocky start. On its first session on the Nasdaq, CoinShares’ shares plunged roughly 25%,…
CoinShares debuts on Nasdaq after SPAC merger, expanding crypto investment reach in the U.S. with strong assets and institutional focus. CoinShares has officially entered U.S. public markets with a Nasdaq listing. The company completed its SPAC merger successfully. Moreover, this move shows how crypto firms are connecting more with traditional financial markets worldwide. CoinShares Enters U.S. Market With Strong Financial Position On Wednesday, CoinShares announced that it completed a significant investment arrangement with Vine Hill Capital Investment Corp. at an approximate $1.2 billion valuation, paving the way for CoinShares to list on Nasdaq as a separate entity. Related Reading: Selling…
JPMorgan (JPM) CEO Jamie Dimon said the bank is considering entering the prediction markets space, signaling growing interest from major financial institutions in a sector that has expanded rapidly in recent months, including among crypto-native companies.“It’s possible one day we’ll do something like that,” Dimon said on CBS on Tuesday, though he ruled out offering markets in sports or politics.”There’s a bunch of stuff we won’t do. And obviously, we have strict rules around insider information.”Goldman Sachs (GS) has expressed similar ambitions. CEO David Solomon said during the bank’s January earnings call that the firm is actively exploring the space.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Australia has passed its first comprehensive digital-asset framework, locking in a licensing regime for crypto platforms and custodians under the existing financial‑services law. A New Comprehensive Crypto Framework The Corporations Amendment (Digital Assets Framework) Bill 2025 that passed just today has one key requirement. Now, most centralized exchanges and tokenized custody platforms that hold client assets must obtain an Australian Financial Services Licence (AFSL), coming under ASIC’s full oversight on custody, disclosure, governance, and risk management. Rather than policing individual crypto assets, the law zeroes in on…
Hong Kong delays stablecoin licenses as regulators review 36 applications, tighten KYC rules, and ensure financial stability before first approvals. Hong Kong has delayed the release of its first stablecoin licenses. It was to be rolled out by the end of March 2026. Nonetheless, regulators are still going through applications with care. Thus, the process is now more compliance-oriented and safety-oriented. Hong Kong Reviews Stablecoin Applications With Stricter Rules The Hong Kong Monetary Authority had earlier planned to approve licenses in March. It got approximately 36 applications from various companies. Nevertheless, there are no approvals announced yet. The officials claimed…
EDX Markets, the crypto exchange backed by Citadel Securities, has applied for a national trust bank charter, marking a new step in its push to serve institutional clients.The exchange submitted its filing to the Office of the Comptroller of the Currency on Wednesday, according to documents seen by CoinDesk. The move comes about three and a half years after the firm launched.If approved, the charter would allow EDX to offer custody, asset management and principal trading services, while continuing to run its core order-matching platform. The filing outlines a structure where custody and settlement sit within a regulated trust entity,…
A market expert has outlined five distinct phases in the Bitcoin (BTC) bear market that could indicate when the leading cryptocurrency has hit a bottom. The analysis concludes that the cryptocurrency could still face additional downward pressure before ultimately reaching its final price floor this year. The Early Phases Of Bitcoin’s Price Bottom Ardi, a technical analyst on X, has used the market structure and price movements during the 2022 bear market to predict when Bitcoin could reach a price floor in this current bear cycle. In his analysis, he shared the five phases that could indicate that a bottoming…
Australia passes its first crypto law. Exchanges and custodians now face licensing rules under the new Digital Assets Framework Bill 2025. Australia has taken a historic step in crypto regulation. The Corporations Amendment (Digital Assets Framework) Bill 2025 cleared the Senate on April 1, 2026. It now heads for royal assent after passing both houses of Parliament. The law marks the country’s first dedicated legal framework for digital assets. Crypto exchanges and custody providers now operate under a new set of rules. Related reading: Australia Central Bank Backs Tokenization With $24B Efficiency Potential Australia’s Crypto Law: What the Bill Actually…