Crypto Stocks Archives - Coin Engineer

Nasdaq-Listed BNC Buys 200K BNB, Plans $1.25B Investment

Yeliz Akmaca — Mon, 11 Aug 2025 08:00:30 +0000

Nasdaq-listed CEA Industries (BNC) purchased 200,000 Binance Coins (BNB), valued at $160 million. This marks the company’s first major acquisition after completing a $500 million funding round last week. The total investment plan may reach up to $1.25 billion. This move aims to increase institutional participation in the BNB ecosystem.

Binance Coin currently has 250 million users and a daily trading volume of $9.3 billion. It ranks fourth by market capitalization and third by total value locked (TVL), which stands at $12.3 billion. 10X Capital and CZ-backed YZi Labs are collaborating to strengthen BNC’s BNB reserves.

BNC’s Strategic Move

Previously known as VAPE, BNC now focuses on BNB-centered strategies. After acquiring 200,000 BNB, it became the largest corporate holder worldwide. The company plans to continue its purchases using remaining funds and has access to an additional $750 million via a warrant structure. This allows investors indirect exposure to BNB.

Management views BNB not only as a reserve but also as a growth opportunity. The company aims to increase BNB’s representation in the US market.

BNB Price and Ecosystem Data

The Binance Coin ecosystem is growing strongly, supported by a large user base and Web3 developers. Ranking third in TVL further boosts investor interest. BNB’s price rose 20% monthly and currently trades around $822. Analysts expect it to test the $1,000 mark soon.

BNC’s stock experienced a sharp rise in recent months, dropping from over $50 to $16.10 before rebounding to close at $17.1. This recovery signals growing market confidence alongside the Binance Coin investment.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Nasdaq-Listed BNC Buys 200K BNB, Plans $1.25B Investment appeared first on Coin Engineer.

Turning Point at Kraken: A New Era Begins in Tokenization!

Yigit Taha OZTURK — Fri, 11 Jul 2025 14:02:28 +0000

Finance is evolving, and the latest milestone comes from a bold step in asset tokenization. Digital transformation is reshaping traditional investments — and now, Kraken, in collaboration with xStocks, is bringing this innovation directly to investors.

DeFi Development Corp., a Nasdaq-listed crypto treasury firm, has announced it will tokenize its shares on the Solana network. This move positions the company as the first U.S.-listed treasury firm to fully integrate on-chain equity with the help of Kraken and tokenization specialist Backed.

Solana Welcomes Tokenized Equities

Under the ticker DFDVx, DeFi Development Corp. shares will join a growing list of tokenized stocks — including Apple and Tesla — on the xStocks platform. The goal is not only symbolic. It represents the increasing integration between traditional finance and decentralized technologies.

You Might Be Interested In: Sonic SVM Research: Can New Stablecoins Shake Up the Old Order?

CEO Joseph Onorati likened this initiative to creating a DeFi “Lego block,” encouraging developers and institutions to build upon this foundation. As tokenization becomes more mainstream, such steps pave the way for seamless crossover between markets.

Massive Growth Expected in Tokenized Assets

Real-world assets (RWAs) such as equities, funds, and real estate are rapidly entering the world of tokenization. These assets offer advantages like 24/7 trading, faster settlements, and expanded use in DeFi platforms.

According to a joint report by BCG and Ripple, the total market for tokenized RWAs could reach $18.9 trillion by 2033. As this sector heats up, rival exchange Coinbase is also reportedly seeking regulatory approval to launch its own tokenized stock service.

Val Gui, general manager of xStocks at Kraken, noted strong demand for on-chain access to U.S. equities, especially from the crypto community. The integration of firms like DeFi Development Corp. signals a broader shift toward blockchain-native financial instruments.

The post Turning Point at Kraken: A New Era Begins in Tokenization! appeared first on Coin Engineer.

Cathie Wood’s ARK Sells $146M In Circle Shares After Price Surge

Yigit Taha OZTURK — Sun, 22 Jun 2025 12:00:10 +0000

While the financial world remains focused on tech stocks, a surprising move by one of the most watched investment firms has stirred the markets. As Circle’s value skyrockets, the decision to sell raises questions among investors.

Strategic Dump: ARK Offloads Circle Shares Worth $146 Million

Cathie Wood’s ARK Invest has significantly reduced its position in Circle (CRCL) after its impressive market debut. On Friday, ARK sold 609,175 shares, generating $146.2 million, just as CRCL stock jumped 20.4% to close at $240.3, up 248% from its $69 IPO price on the New York Stock Exchange.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

In total, ARK sold 1.25 million shares throughout the week, collecting around $243 million. These included $52 million in sales on Monday and $45 million on Tuesday, signaling a deliberate reduction of exposure.

ARK Still One of Circle’s Largest Shareholders

Despite the sales, ARK Invest retains a significant stake, having only sold 29% of its initial 4.49 million shareholding from the IPO. As of June 20, the firm remains the eighth-largest holder of Circle shares, according to Bloomberg Terminal.

The largest holders are currently IDG-Accel China Capital Fund II, General Catalyst, and James Breyer. Meanwhile, CRCL has become the top holding within ARK’s ARKW fund, representing a 7.8% allocation.

The post Cathie Wood’s ARK Sells $146M In Circle Shares After Price Surge appeared first on Coin Engineer.

Coinbase Seeks SEC Approval for Blockchain-Based Stock Trading

Yigit Taha OZTURK — Tue, 17 Jun 2025 15:00:37 +0000

As the financial world shifts further into the digital era, traditional stock trading may be facing a radical transformation. At the heart of this evolution is a major crypto exchange looking to reshape how investors access equities in the U.S.

Coinbase Targets Tokenized Equities for U.S. Market

Leading crypto exchange Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized equities, according to chief legal officer Paul Grewal. If approved, this would allow Coinbase to offer stock trading using blockchain, placing it in direct competition with firms like Robinhood and Charles Schwab.

Tokenized equities are digital representations of company shares. Instead of owning physical stock, investors hold blockchain-based tokens representing ownership, with the potential to reduce costs, enable faster settlement, and allow 24/7 trading.

Regulatory Hurdles and Legal Uncertainty

Currently, tokenized equities are not legal for trade within the U.S. For Coinbase to move forward, it would need a “no action letter” or regulatory exemption from the SEC—effectively a statement that the agency will not pursue enforcement if the company proceeds.

You Might Be Interested In: Rising Tensions: G7 Summit Overshadowed by Israel-Iran Conflict

Coinbase is not registered as a broker-dealer, a requirement for traditional securities trading. In 2023, the SEC sued Coinbase for operating without registration, but the lawsuit was dropped in 2025 under President Trump’s administration, which has taken a more crypto-friendly stance.

Market Interest Growing Amid Regulatory Shifts

Competitor Kraken has already introduced xStocks, a tokenized equity product available in non-U.S. markets. The race is on to establish dominance in this emerging segment.

Grewal emphasized:

“What’s been missing is confidence. A no action letter signals that the SEC has acknowledged compliance, giving institutional players the assurance they need to participate.”

With shifting U.S. crypto policy, including SEC lawsuits being dropped and new regulatory initiatives launched under Trump, the momentum for tokenized equities appears to be building rapidly.

The post Coinbase Seeks SEC Approval for Blockchain-Based Stock Trading appeared first on Coin Engineer.

GameStop Shocks Markets With Bold Bitcoin Move

Yigit Taha OZTURK — Wed, 11 Jun 2025 07:00:43 +0000

Once known strictly as a gaming retailer, GameStop is now capturing headlines for a different reason: digital assets. As the gaming industry rapidly evolves toward streaming and downloads, legacy companies must pivot or fall behind. In an unexpected twist, GameStop has made a major play in the crypto space that could reshape its financial narrative.

In its Q1 2025 earnings report, the company revealed that it had acquired 4,710 Bitcoin between May 3 and June 10. The purchase is valued at approximately $516.6 million, signaling a bold shift in the company’s treasury strategy.

Bitcoin Becomes a Treasury Asset

As part of its digital transformation, GameStop has begun holding Bitcoin as a long-term reserve asset. Earlier this year, the company updated its investment policy, allowing cryptocurrency investments alongside traditional stocks.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This aggressive move is part of a broader initiative to use surplus cash for higher-risk, high-return assets. By aligning with other institutions that view Bitcoin as a store of value, GameStop positions itself not just as a game retailer, but as a forward-looking tech-leaning enterprise.

ETF Launched To Track GameStop’s Crypto Strategy

To complement this bold step, Bitwise Asset Management introduced a new ETF: the Bitwise GME Option Income Strategy ETF (IGME). This financial product is built around the volatility and upside potential of GameStop stock, amplified by its Bitcoin holdings.

According to Jeff Park of Bitwise, the ETF reflects retail investor enthusiasm and provides exposure to both company performance and crypto growth. Meanwhile, despite positive EPS of $0.09 (beating expectations), the company reported lower-than-expected revenue at $732.4M, which led to a 4% drop in share price in after-hours trading.

The post GameStop Shocks Markets With Bold Bitcoin Move appeared first on Coin Engineer.

South Korea Moves To Legalize Stablecoins With Bold Crypto Bill

Yigit Taha OZTURK — Tue, 10 Jun 2025 07:30:53 +0000

In a region already buzzing with digital innovation, South Korea is positioning itself to become a dominant force in the crypto economy. A shift in political leadership has triggered a wave of regulatory reform that could reshape the market entirely.

New President Acts Fast On Stablecoin Promise

Following his recent election win, President Lee Jae-myung has wasted no time delivering on campaign pledges around crypto. His ruling Democratic Party has introduced the “Digital Asset Basic Act,” aiming to permit the issuance of domestic stablecoins and foster a transparent, competitive crypto landscape.

Under the proposal, local companies will be allowed to issue stablecoins if they have a minimum equity capital of 500 million won ($368,000). Issuers must also maintain reserves to back the coins and receive approval from the Financial Services Commission, South Korea’s top financial regulator.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The legislation seeks to legitimize stablecoin markets and drive broader adoption by ensuring regulatory clarity and investor protection.

Crypto Gains Mass Appeal Across South Korea

Interest in Bitcoin and stablecoins has soared in South Korea. In Q1 of 2024 alone, transactions involving major U.S. dollar stablecoins totaled 57 trillion won ($42 billion) across the country’s five leading exchanges, according to Bank of Korea data.

An estimated one-third of the South Korean population—around 18 million people—is now involved in the crypto market. Building on this momentum, President Lee is also pushing for Bitcoin ETF approvals and the inclusion of Bitcoin in the national pension fund’s investment strategy.

However, these ambitions face resistance from the Bank of Korea, which argues that private stablecoins could undermine the effectiveness of monetary policy.

Crypto Law Boosts Stocks, But Not Without Skepticism

Anticipation around the bill has already impacted financial markets. Shares in digital wallet provider KakaoPay surged up to 45% in five days following the announcement. Still, JPMorgan analysts caution that the rally may be premature, with real benefits from the legislation yet to materialize.

Despite the uncertainty, South Korea’s proactive legislative push sets a bold precedent in Asia’s ongoing crypto regulatory race.

The post South Korea Moves To Legalize Stablecoins With Bold Crypto Bill appeared first on Coin Engineer.

Circle Begins Public Trading on NYSE with $1.05B IPO

Yigit Taha OZTURK — Thu, 05 Jun 2025 14:30:35 +0000

In a historic step for digital finance, Circle, the company behind the USDC stablecoin, has officially launched public trading on the New York Stock Exchange (NYSE) under the ticker CRCL.

CRCL Shares Debut on Wall Street

On June 5, Circle CEO Jeremy Allaire announced the company’s stock listing on X, marking a major milestone in a journey that began 12 years ago. Founded with the goal of reimagining global finance for the internet age, Circle’s public debut is seen as a bridge between decentralized assets and traditional capital markets.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Circle upsized its initial public offering multiple times to meet high investor demand, finally selling 34 million shares at $31 each. The IPO raised $1.05 billion, surpassing the original plan of 24 million shares priced between $24 and $26.

A Milestone Moment for Crypto Industry

The IPO is not just a financial achievement for Circle but a symbol of how stablecoins and blockchain companies are becoming part of mainstream finance. Notable industry figures like Michael Saylor and Paul Grewal publicly congratulated the team.

“This isn’t just a personal milestone,” Allaire said. “It’s a meaningful step toward fusing the global economic system with the internet.”

As more crypto-native firms move toward public markets, the industry gains credibility and regulatory clarity. Circle‘s NYSE listing could drive greater trust in USDC and open new pathways for stablecoin innovation.

The post Circle Begins Public Trading on NYSE with $1.05B IPO appeared first on Coin Engineer.

Coinbase Stock on the Rise: COIN Target Raised to $301!

Yeliz Akmaca — Sat, 17 May 2025 10:30:11 +0000

Benchmark Raises COIN Price Target to $301

In a report dated May 16, Benchmark Equity Research raised its price target for Coinbase stock from $252 to $301 — a 19% increase. COIN shares closed at $266.32 on Friday, up 7%.

Analyst Mark Palmer stated that Coinbase’s inclusion in the S&P 500 was a major catalyst. Being added to the index has attracted passive fund investments, increasing buying pressure on the stock.

“Passive funds will be required to buy COIN shares for index alignment, which puts upward pressure on the stock,” Palmer said. Coinbase is the first crypto company to enter the S&P 500, enhancing its market credibility.

Coinbase Stock Remains Strong Despite Setbacks

Last week, Coinbase faced two major challenges. The company revealed a cyberattack in which hackers stole user data and demanded $20 million in Bitcoin. CEO Brian Armstrong publicly rejected the demand via social media. Additionally, the company confirmed it is under investigation by the U.S. Securities and Exchange Commission (SEC). While these events could have concerned investors, the stock held strong.

The resilience is driven by Coinbase’s growth initiatives. The company recently acquired crypto derivatives exchange Deribit, expanding its product offerings and global presence. In Q1, revenue increased by 24%. Moreover, its inclusion in the S&P 500 has attracted long-term institutional investors. Giant funds are now adding COIN shares to their portfolios. Its stablecoin partnership with Circle is also positively impacting revenues.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coinbase Stock on the Rise: COIN Target Raised to $301! appeared first on Coin Engineer.

Metaplanet to Raise $21M Through Bonds to Buy More Bitcoin

Yigit Taha OZTURK — Fri, 09 May 2025 12:00:09 +0000

Japanese investment firm Metaplanet is doubling down on its Bitcoin accumulation strategy. Fresh off its latest purchase of 555 BTC for $53.4 million on May 7, the company announced on May 9 a new $21.25 million zero-coupon bond issuance — with 100% of the proceeds allocated for additional Bitcoin buys.

The “0% Ordinary Bonds” will be issued at a discount and mature on November 7, according to Metaplanet’s board decision. In conjunction, the company will grant 14th Stock Acquisition Rights to EVO Fund, an investment firm based in the Cayman Islands.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

If fully raised, the $21.25 million could purchase approximately 206 BTC at current prices, according to CoinGecko.

Metaplanet Now Holds 5,555 BTC

The company now holds 5,555 Bitcoin, acquired for a total of $481.5 million at an average price of $86,672. This places Metaplanet as Asia’s largest public corporate Bitcoin holder, and 11th globally, according to BitcoinTreasuries.NET.

Metaplanet first revealed its Bitcoin-focused strategy in April 2024, and has since issued multiple bond offerings to fuel further accumulation.

U.S. Expansion and $250M Fundraising Target

On May 1, Metaplanet also announced it would open a wholly owned U.S. subsidiary — Metaplanet Treasury, based in Florida — aiming to raise $250 million to expand its Bitcoin acquisition strategy and tap into U.S. capital markets.

The company’s stock (3350T) has surged 1,600% over the past year, now trading at 511 JPY (~$3.50), reflecting investor confidence in its Bitcoin-centric approach.

Other firms like Strive Asset Management and GameStop are also exploring Bitcoin reserves, echoing the early moves made by Michael Saylor’s MicroStrategy.

The post Metaplanet to Raise $21M Through Bonds to Buy More Bitcoin appeared first on Coin Engineer.

Phoenix Group Adds 52 MW Of Bitcoin Mining Capacity In Ethiopia

Yigit Taha OZTURK — Tue, 29 Apr 2025 14:00:13 +0000

Phoenix Group has expanded its Bitcoin mining operations in Ethiopia with an additional 52 megawatts (MW) of capacity, bringing its total mining power in the region to 132 MW. The company’s global capacity has now exceeded 500 MW.

Co-founder and CEO Munaf Ali stated that the company’s strategy focuses on securing locations with abundant and low-cost energy, with the new Ethiopian site playing a key role in long-term positioning.

Targeting Sustainable Mining With Clean Energy

The 52 MW mining facility will be developed in two phases. The first phase uses 20 MW to power 5,300 air-cooled units, delivering around 1.2 exahashes per second of mining power. The second phase — set for completion by end of Q2 2025 — will fully utilize the 52 MW, with water cooling and 2.4 exahashes per second output.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Reza Nedjatian, CEO of the group’s mining and AI division, emphasized that the facility is powered entirely by renewable hydropower, highlighting a commitment to sustainable large-scale operations in Africa.

Phoenix Now Operates Over 500 MW Globally

After going public on the Abu Dhabi Securities Exchange (ADX) in late 2023, Phoenix Group’s IPO raised $371 million with 33x oversubscription, reflecting strong investor demand. The company’s stock quickly rose by 50%, and currently trades around $7.94.

Earlier in 2024, Phoenix completed a $187 million acquisition of Bitcoin mining equipment in one of the industry’s largest bulk purchases. Additionally, the firm has partnered with Tether and Green Acorn Investments to develop a new stablecoin pegged to the UAE dirham.

The post Phoenix Group Adds 52 MW Of Bitcoin Mining Capacity In Ethiopia appeared first on Coin Engineer.