Ark Invest buys $172 million in Bullish, stock soars 83% on NYSE debut
Ark Invest bought a total of 2.53 million shares of Bullish across three of its ETFs, worth about $172 million at Wednesday’s closing price.Bullish’s stock e...
US bank groups ask to close GENIUS Act’s stablecoin yield ‘loophole’
US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the ba...
USDC issuer Circle to launch new layer-1 Arc blockchain this year
USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year....
How plushies saved Pudgy Penguins from bankruptcy
From a six-month runway in 2022 to a projected $50 million in 2025 revenue, Pudgy Penguins beat the NFT crash with a risky bet on toys....