Traditional economies are being 'sunset,' in favor of the internet — VC

Traditional economies are being 'sunset,' in favor of the internet — VC

Blockchain, artificial intelligence, and online platforms are the future of commerce as the world moves to an internet-first economy. The traditional economy is being phased out in advanced countries that are transitioning to an internet-first economy dominated by the tech industry and digital platforms, according to Balaji Srinivasan, a former executive at crypto exchange Coinbase…

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Gemini (GEMI) stock soars in Nasdaq debut amid crypto IPO boom

Gemini (GEMI) stock soars in Nasdaq debut amid crypto IPO boom

Gemini’s $425 million Nasdaq debut marks the latest in a wave of blockbuster crypto IPOs, as investor demand surges for digital asset equities. Shares of Gemini Space Station (GEMI), the digital asset exchange founded by Cameron and Tyler Winklevoss, surged in their market debut on Friday, signaling strong institutional appetite for crypto-related equities. Gemini shares…

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Figure Technology seeks B valuation in public listing as crypto IPO wave builds

Figure Technology seeks $4B valuation in public listing as crypto IPO wave builds

Figure eyes a $526 million IPO, joining Circle, Bullish and Gemini in the growing wave of blockchain companies going public. Blockchain-focused lender Figure Technology Solutions is aiming to raise $526 million in its initial public offering (IPO), underscoring the growing trend of crypto and blockchain firms pursuing public listings amid the bull market. According to…

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XStocks launches on Ethereum with 60 tokenized stocks, including Nvidia and Tesla

XStocks launches on Ethereum with 60 tokenized stocks, including Nvidia and Tesla

Tokenized equities have not been without controversy as global regulators and stock exchanges have pushed back against this new use of blockchain technology. XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before…

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