Cantor slashes Strategy target by 60%, tells clients forced-sale fears are overblown

Cantor slashes Strategy target by 60%, tells clients forced-sale fears are overblown

Cantor Fitzgerald slashed its Strategy price target, but remains bullish on the stock despite fears over potential exclusion by the MSCI Index and forced liquidation concerns, the FT said. US-based financial firm Cantor Fitzgerald slashed its price target on Michael Saylor’s Bitcoin-heavy company, Strategy, but kept a bullish stance on the cryptocurrency’s long-term upside, downplaying…

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London Stock Exchange launches blockchain platform for private funds

London Stock Exchange launches blockchain platform for private funds

The London Stock Exchange launched a Microsoft-powered blockchain platform for private funds, marking the first such initiative by a global exchange. Update Sept. 15, 7:58 am UTC: This article has been updated to include another section on LSEG and Microsoft’s collaboration. The London Stock Exchange Group (LSEG) launched a blockchain-based infrastructure platform for private funds,…

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Crypto funds see 3M outflow, ending 15-week streak as Fed dampens sentiment

Crypto funds see $223M outflow, ending 15-week streak as Fed dampens sentiment

Profit-taking interrupted the 15-week winning streak of global cryptocurrency ETPs last week as investor sentiment was hit by hawkish remarks after last week’s US Fed rate decision. Cryptocurrency investment products ended last week in the green, interrupting 15 weeks of consecutive inflows after investor sentiment took a hit from hawkish remarks during last week’s Federal…

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Korean biotech firm bought by Parataxis for Bitcoin treasury use

Korean biotech firm bought by Parataxis for Bitcoin treasury use

Parataxis will launch a Bitcoin-native treasury platform in South Korea via Bridge Bio, aiming to expand institutional access to BTC despite regulatory barriers. Parataxis Holdings, an affiliate of digital asset-focused investment firm Parataxis Capital Management, is set to launch a Bitcoin-native treasury platform in the South Korean public market. The firm announced on June 20…

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