Jan 23, 2026
Markets
BitGo Stock Plunges Below IPO Price on Second Day of Trading
Crypto firm BitGo, the industry's first initial public offering of 2026, saw its share price drop nearly 22% on its second day of trading on the New York Stock Exchange, dropping below the offering price. BitGo, which trades under the BTGO ticker, closed the week at $14.50 after making its debut on Thursday for $18 per share. The opening price was above the marketed range of $15 to $17 per share. The company raised more than $212 million at a valuation of just over $2 billion. The second-day dro...
Feb 12, 2025
Markets
Donald Trump Linked World Liberty Financial Debuts Macro Reserve to Weather Volatility
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform with ties to U.S. President Donald Trump, has launched a new initiative aimed at weathering the volatile crypto markets. Designed to support prominent cryptos such as Bitcoin (BTC) and Ethereum (ETH), WLFI’s ‘Macro Strategy’ token reserve will provide a buffer against the fluctuations that have been rattling the crypto market for the past few months. "The Macro Strategy will serve as a robust financial backbone for WLFI," th...
Dec 18, 2024
Law and Order
Coinbase Can Delist Wrapped Bitcoin Amid BiT Global Challenge, Judge Rules
A federal judge denied BiT Global’s request for a temporary restraining order Wednesday, finding that the Hong Kong-based firm failed to show an imminent and irreparable harm that would come from Coinbase’s plans to soon delist WBTC, or Wrapped Bitcoin. “Ultimately, I have no evidence from you about what is to come,” U.S. District Judge Araceli Martínez-Olguín told BiT Global’s attorney. “I will not stop Coinbase from delisting WBTC.” BiT Global sued Coinbase last week, alleging the exchange’s p...