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Strategy (formerly MicroStrategy), along with the rest of the crypto treasury industry, got spooked last week after Nasdaq issued new rules about selling stock to buy digital assets. Unlike traditional enterprises that aim to profit by selling goods or services, crypto treasury companies primarily buy crypto on leverage by selling corporate debt, equities, and derivatives. Exchange officials are looking to tighten listing requirements for such companies. Indeed, moments before the New York market opened on Thursday morning, TheInformation reported that the Nasdaq was considering forcing companies to obtain shareholder approval prior to selling stock to buy digital assets. Stocks of treasury companies like Strategy immediately traded lower on the news due to uncertainty around whether they had been obtaining shareholder approval for their dilutive capital raises. Although Nasdaq didn’t immediately confirm TheInformation’s report, many treasury company executive...

Bybit EU, the European arm of the world’s second-largest cryptocurrency exchange, has adopted Nasdaq’s Market Surveillance platform to bolster compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), as per reports shared with Finbold on August 28.  Bridging the gap with traditional finance standards The integration equips Bybit EU with institutional-grade monitoring tools to detect and prevent market abuse across its European operations.  Nasdaq’s platform combines advanced pattern-recognition analytics with comprehensive market data, aligning crypto oversight with standards long established in traditional finance. “This agreement demonstrates our commitment to providing secure, transparent, and fully compliant digital asset trading as we continue to grow our business,” said Mazurka Zeng, Managing Director and CEO of Bybit EU. “We welcome the opportunity to partner with Nasdaq, whose innovative technology and unparalleled survei...

Despite the rather divisive force that the television host has become in some circles, CNBC’s Jim Cramer has urged investors to buy the dip amid the most recent slide for Apple (APPL). The stock has reversed from the climbing Nasdaq as the iPhone maker has recently stumbled. The development arrived amid the company’s attempt to reverse a recent iPhone ban in Indonesia. Indeed, Apple has recently sought to increase its investment in the country tenfold, according to Bloomberg. The proposed $100 million bid would look to see the government reverse a ban on the iPhone 16 product. Source: CNET Also Read: Experts Say Apple (APPL) Could Lead a Looming $25 Billion Business Cramer Tells Investors to Wait on the Apple Dip: “Bears Are All Over It” Few companies on the planet are as successful as Apple. Yet, perhaps more impressively, there are few companies that are as set up to succeed in the future as the iPhone developer. Therefore, amid its most recent value slide, man...

Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, follow ing the departure of the company’s former head, Peter Wall. The report highlights that since February 2023, the operations team has been reporting to Argo CSO Sebastien Chalus, who will continue to oversee all operations moving forward. ARBK shares in USD | Source: Nasdaq Amid the news, Argo (ARBK) shares on Nasdaq plunged in a moment by 8.6% to $3.36, resulting in the firm’s market capitalization falling to $183.7 m...

FTX Releases List of “363 Sales Parties” According to a court filing on June 22 in the Delaware Bankruptcy Court, FTX’s consultant Alvarez & Marsal released a list of “363 Sales Parties”. It means entities interested in part or whole for the restart of FTX 2.0 and were contacted and signed a non-disclosure agreement seeking more details about the restructuring and reboot of the exchange. advertisement Notable names in the 363 Sales Parties include Nasdaq , Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin. However, this won’t be the exclusive list of potential buyers or investors, but parties interested in the crypto exchange. FTX Debtors plan to conduct the sale process in Q3 or Q4 of this year and select a “stalking-horse bidder.” One among these companies will likely be the staking-horse bidder. Companies are also looking to invest in FTX 2.0 as the team under CEO John Ray ...