SBI Holdings Invests $270M in Indonesias Ajaib Group

SBI Holdings has invested $270 million in Ajaib Group, a company based in Indonesia, which accounts for approximately 20% of the group. The agreement reinforces SBIs presence in the fast-growing digital asset space in Asia. It also gives Ajaib greater financial backing as it broadens access to investments and digital assets.  Expanding Digital Asset Reach  Ajaib now joins SBI‘s growing network across Asia’s financial technology sector. The Indonesian platform offers stocks, bonds, funds, ETFs, commodities, foreign exchange, and crypto assets.  Additionally, Ajaib provides stablecoins and OTC settlement services for companies and institutional investors. Consequently, the partnership could connect more Indonesian investors with SBIs broader digital asset ecosystem.  The investment also ranks among Indonesias largest technology funding rounds since 2022. Moreover, Ajaib has raised more than $500 million since launching in 2019.  Building a Regional Network  SBI aims to strengthen its Southeast Asian presence through its APAC Digital Economic Zone strategy. In addition to Ajaib, SBI also has crypto platforms in Japan and Singapore.  The group also has a global crypto market maker called B2C2 and several blockchain projects under its wings. These are the stable coin JPYSC yen and financial blockchain Strium.  Disclaimer: The information presented in this article is for informational and educational purposes only. The article

08-29Industry

Coinbase Whales Blocking XRP Price Volatility as Analyst Predicts Outlook for September

Key Insights:XRP price faces whale sell walls at $1.53, $1.60, and $1.70 as Coinbase activity limits sharp moves.XRP whales ended a five-day net selling streak with a return to net buying before slight selling resumed.Ripple coin posted a 36.9% August gain, raising attention on its historical September performance.  XRP price remained in focus as Coinbase whales placed buy and sell walls around the market, limiting sharp moves. Market analyst EGRAG Crypto also highlighted XRPs strong August performance, noting that history could give the Ripple coin a bullish setup for September.  XRP Price Faces Whale Walls At Key Levels  The XRP price was facing resistance from large orders linked to Coinbase whales, according to market commentary shared on social media. These whales were said to be placing sell and buy walls on both sides of the market, helping to limit sudden price swings.  The activity suggested that large holders were playing a role in keeping XRP within a tighter range rather than allowing a sharp move in either direction. According to the post, whale sell walls were also visible at $1.53, $1.60, and $1.70.  However, the price targets and levels presented in this article are based on technical analysis and should not be interpreted as guarantees

08-29Industry

Capital Bs €21 million Bitcoin raise comes with heavy warrant dilution risk

Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270 Bitcoin.  Related Asset Bitcoin #1 BTC · $77,711.39 24-hour change: down 3.12% 24H Down 3.12% 7D Down 1.19% 30D Up 21.58%  The immediate deal would leave the companys stated measure of Bitcoin backing per diluted share almost unchanged, while four warrants attached to each new share create a larger layer of contingent dilution.  The company announced a private placement of 36,219,070 shares with attached warrants at €0.58 per unit. That would produce €21.01 million in gross proceeds and an estimated €19.9 million after fees.  Closing was expected on Aug. 31 at the earliest, meaning neither the shares nor the planned Bitcoin purchase was complete when the deal was announced. Capital B said the proceeds and operating funds could lift its treasury from the 3,145 BTC confirmed on Aug. 17 to a potential 3,415 BTC.  The immediate Bitcoin-per-share math is flat  On the diluted shareholder bases displayed in Capital Bs Aug. 28 release, the company had about 7.4725 BTC per million shares before the placement. Combining the proposed 3,415 BTC with the post-placement diluted count of 457,096,891 shares produces about 7.4711 BTC per million shares.  That

08-29Industry

Walmarts 1970 IPO Still Has a Lesson for SpaceX Buyers

A $1,000 investment in Walmart when it went public in 1970 would be worth about $38.9 million today. That makes Walmart the biggest IPO in US history, in terms of investment return.   The result is striking because Walmarts IPO was tiny by modern standards. It raised less than $5 million. SpaceX, which completed the largest IPO in US history this June, raised tens of billions. So how did such a small listing produce such an enormous return?  How Stock Splits Turned $1,000 Into $38.9 Million  When Walmart went public in October 1970, it sold 300,000 shares for $16.50 each, raising just $4.95 million. Its shares became much more valuable over the following 56 years. But looking at Walmarts share price today tells only a small part of the story. The key is stock splits.  A stock split gives investors more shares without changing the total value of their investment at the time. If a company does a two-for-one split, for example, someone holding one share suddenly owns two.  Walmart has done this 12 times since its IPO. As a result, one Walmart share bought in 1970 has turned into 6,144 shares today.  10 companies that delivered the biggest returns since their IPO. Source: Taurex  “The figure

08-29Industry

Kevin Warsh says he may hike interest rates this year at Jackson Hole

Trump-appointed Federal Reserve Chairman Kevin Warsh made clear during his Friday appearance at Jackson Hole that interest rates could get hiked this year if inflation refuses to settle down fast enough.  Kevin said summer inflation figures came in cooler than expected, but that was not enough to show the bigger trend had changed. “While this summers [inflation] readings were better than expected, they do not tell me that underlying trends have meaningfully improved.” Inflation is running too hot for the Fed to ease up just yet.  Kevin said the central bank wants evidence that inflation is heading back toward its 2% goal quickly enough. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. Thats our job, our mandate and our charge to keep,” he said.  CME Group (NASDAQ: CME) data showed traders pushing the chance of a September increase to 55.7%, roughly 20 percentage points higher than Thursday. The Fed will announce its next decision on Sept. 16.  Discover more  NEWS  FINANCE  Brokerages & Day Trading  Kevin keeps inflation front and center as markets price in another hike  Heather Long, chief economist at Navy Federal Credit Union, said Kevin had “opened the door to a

08-29Industry

Bitwise Solana ETF Hits $1 Billion Milestone in 10 Months

Bitwise has hit a big milestone with its Solana Staking ETF, crossing the $1 billion asset under management milestone. The fund has reached that level in just 10 months. This development also stands as a testament to the ongoing investor interest despite the difficult year for cryptocurrencies.  The milestone arrives as Solana continues recovering from a steep market downturn. Solana has gained nearly 45% over the past month, although it remains about 60% below its record high.  The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM—exactly 10 months after its launch.  Most of the approximately $1 billion of inflows have come in a bear market, an impressive indication of investor conviction.  Grateful to investors for trusting Bitwise to…   Strong ETF Demand Despite Market Pressure  Besides BSOLs growth, spot Solana ETFs have attracted $1.7 billion in cumulative flows. Notably, the category has avoided a prolonged period of net outflows since launching.  Cumulative trading volume in the spot Solana ETFs has also reached over $13 billion since September 2025. This indicates that investors still see Solana as an institutional opportunity for the long-term.  Discover more  Finance  FINANCE  Financial Markets News  The shares of BSOL, however, are still roughly 40% off their list price. The gap reflects the impact of market conditions

08-29Industry

Bitcoin Cools Off After $3 Billion ETF-Driven Surge

Bitcoin slid Friday afternoon, cooling down after a phenomenal run following huge investment from U.S. ETF buyers.  The leading cryptocurrency was trading for $77,379 on Friday afternoon in New York after dropping more than 3% over a 24-hour period.  Bitcoin hit a high this week of $81,281 but slowed down after Federal Reserve Chair Kevin Warsh gave his first major speech as head of the central bank — saying on Friday that he had “more work to do” to fight inflation.  The Bitcoin price has in the past dropped when the Federal Reserve thinks inflation is too high because it means less chance of a rate cut; the leading cryptocurrency typically does better in a low-interest rate environment.  JUST IN: ???????? U.S. Bitcoin ETFs have brought in $1.14 billion in inflows this week.  Over $3 billion has been added in the past 9 days!   Bitcoin started surging last week after the U.S. Treasury would at least double the size of its liquidity-support buyback operations. The announcement last week hurt the dollar but non-yielding assets have benefited.  Exchange-traded funds, managed by the likes of BlackRock, Fidelity, and Grayscale have received net positive inflows for nine days in a row, according to Farside Investors data. Last week was

08-29Industry

These Billionaires Have Spent The Most On the November Midterms

Topline  The 10 top billionaire donors in the midterm elections alone have already given more than $734 billion, federal election records show, as high-profile billionaires like Marc Andreessen, Elon Musk, George Soros and the Winklevoss twins pour millions into federal races.  Elon Musk on May 14 in Beijing.  Copyright 2026 The Associated Press. All rights reserved.  Key Facts  Billionaires and the companies they control have made up nearly all of the top individual donors this election cycle, based on rankings compiled by The New York Times and Washington Post, with the full list of top donors rounded out by GOP- and Democratic-aligned nonprofits, crypto companies Coinbase and Crypto.com and sports betting site DraftKings.  Marc Andreessen (Forbes Valuation: $1.9 billion):Andreessen, his business partner Ben Horowitz and their venture capital fund Andreessen Horowitz have donated a combined $115.3 millionthis election cycle, as calculated by the Times, while federal election records show Andresseen has personally given some $42.2 million—with the biggest checks going to PACs supporting crypto and AI, along with President Donald Trumps MAGA Inc.  George Soros (Forbes Valuation: $7.5 billion): Soros and his son Alex are the top Democratic givers this election cycle, giving a combined $103.7 millionto Democratic-aligned super PACs between the family and groups they control,

08-29Industry

Bybit Launches Equity Perpetual Options Trading

Bybit has launched Perp Options, a new derivatives product the crypto exchange describes as the industrys first options contract built on top of equity perpetuals, with SpaceX and Nvidia serving as the opening underlyings, according to a company announcement published on August 28. The first two markets, SPCX (SpaceX) and NVDA (Nvidia), are scheduled to begin live trading on September 17, 2026 at 20:00 UTC, with the instruments available to trade around the clock.  How the New Contracts Work  The options settle in USDT and carry a contract multiplier of 1, matching the mechanics Bybit already applies to its equity perpetual contracts. Bybit said the instruments will integrate with its Unified Trading Account and Portfolio Margin systems, so users can cross-hedge spot, perpetual, and options positions from a single margin account. The exchange lists spreads, straddles, and covered calls among the strategies the product is designed to support, positioning it as a way to apply familiar options techniques to equity exposure settled in stablecoins.  First Markets and the Roadmap  Beyond the opening SpaceX and Nvidia contracts, Bybit said it plans to add TSLA, QQQ, SOXL, and MU at a later stage, together with additional expiry dates. The company did not specify a timeline for

08-29Industry

Circle Stock Rallies Intraday on Chelsea Deal, Rally to Sustain?

Key Insights:Circle stock rebounded from $90.50 to nearly $96 before closing at $94.24.Chelsea‘s deal puts Circle and USDC on men’s, womens, and academy shirts.CRCL fell 1.55% premarket as bank stablecoin competition pressured sentiment.  Circle stock recovered from an early decline after Circle announced a major sponsorship agreement with Chelsea Football Club. The shares surged from about $90.50 to $96 during Thursday‘s session before closing near the previous day’s level.  The partnership will place Circle and USDC branding on Chelsea shirts during the 2026/27 season. However, premarket weakness on Friday showed investors remained cautious after the intraday rebound.  Circle closed August 27 at $94.24, up just 0.03% from the prior close of $94.21. The stock opened under pressure and moved toward $90.50 before buyers returned.  Circle Stock Surges Following Chelsea Partnership | Source: Google Finance  Momentum strengthened around midday, lifting shares near $96 before gains faded later. CRCL stock then stabilized between roughly $94 and $95 into the close.  Circle Stock Gets Chelsea Visibility Through USDC Deal  Circle will become a Principal Partner and Chelseas official front-of-shirt partner from the 2026/27 season.  Discover more  Choosing An Online Brokerage Platform  Finance  FINANCE  The agreement covers Chelsea‘s men’s, women‘s, and academy teams. Circle and USDC branding will first appear during Chelsea’s Premier League home match

08-29Industry
1
...
270272
...
1000