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Tesla stock rises over 10% in past week

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Key Takeaways

  • Tesla (TSLA) shares gained over 10% in the past week.
  • The surge marks renewed momentum for the company’s equity.

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Tesla shares gained more than 10% over the past week, marking a strong performance for the electric vehicle maker’s stock.

The rally brings renewed momentum to Tesla’s equity, which trades under the ticker TSLA. The stock’s recent surge represents a notable uptick for investors following the company’s price movements.

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Tether to launch US-based stablecoin USAT

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Tether expands its portfolio with the launch of USAT, a new US-based stablecoin, aiming to strengthen its presence in the growing digital asset sector.

Tether to launch US-based stablecoin USAT

Key Takeaways

  • Tether, the issuer of the world’s largest stablecoin, is introducing a new US-based stablecoin called USAT.
  • CEO Paolo Ardoino announced the launch of USAT.

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Tether is launching a US-based stablecoin called USAT, according to CEO Paolo Ardoino.

The announcement comes as the company behind the world’s largest stablecoin by market capitalization expands its offerings in the digital assets market.

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Stablecoin liquidity reaches record high

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Key Takeaways

  • Stablecoin liquidity has reached a record high, indicating increased market activity.
  • Stablecoins play a crucial role as liquidity providers in the crypto ecosystem.

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Stablecoin liquidity has reached an all-time high, marking a new milestone for the digital asset sector.

The development represents the latest indicator of growing activity and capital flows within the crypto market, as stablecoins serve as key infrastructure for trading and transactions across digital asset platforms.

Stablecoins, which are digital assets typically pegged to traditional currencies like the US dollar, function as critical liquidity providers in crypto markets and facilitate transfers between different trading platforms and blockchain networks.

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Gemini goes live on Nasdaq exchange

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Key Takeaways

  • Gemini, a regulated crypto exchange, is now live on the Nasdaq Exchange.
  • This marks deeper integration of crypto trading with traditional stock market infrastructure.

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Gemini went live on Nasdaq Exchange today.

The crypto exchange announced the development, marking its integration with the traditional stock market infrastructure. Gemini operates as a regulated digital asset platform that allows users to buy, sell and store crypto assets including Bitcoin and Ethereum.

The move connects Gemini’s trading operations with Nasdaq’s established exchange technology and market data systems. Nasdaq provides trading technology and market infrastructure services to exchanges and financial institutions globally.

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Bitcoin ETF sees $552.7M inflow and Ethereum ETF sees $113.1M inflow on Sept. 11

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Key Takeaways

  • Bitcoin ETFs saw significant inflows of $552.7 million on September 11.
  • Ethereum ETFs attracted $113.1 million in inflows on the same date.

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Bitcoin exchange-traded funds recorded $552.7 million in inflows on September 11, while Ethereum ETFs saw $113.1 million in inflows on the same day.

The inflows represent investor purchases of the digital asset ETFs during the trading session. Bitcoin ETFs attracted nearly five times more capital than their Ethereum counterparts.

Both crypto asset categories saw positive investor demand, with the combined inflows totaling $665.8 million across the two digital asset classes.

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Micron stock hits all-time high

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Key Takeaways

  • Micron Technology shares reached new all-time highs today.
  • The company continues to see strong market performance, driven by high demand for its memory and storage solutions.

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Micron Technology shares reached all-time highs today as the memory chip manufacturer continued its strong performance in the market.

The stock’s surge reflects ongoing momentum for the Boise, Idaho-based company, which produces memory and storage solutions for computing devices. Micron has benefited from increased demand for its products across various technology sectors.

The semiconductor company’s shares have been climbing as investors assess the company’s position in the memory chip market and its potential for continued growth in an evolving technology landscape.

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Galaxy Digital withdraws 920,000 SOL worth $205M from Binance after leading Forward Industries’ $1.65B SOL treasury raise

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Key Takeaways

  • Galaxy Digital withdrew 920,000 SOL (worth $205 million) from Binance over a six-hour timeframe.
  • This withdrawal closely follows Galaxy Digital’s role in leading Forward Industries’ $1.65 billion SOL treasury raise.

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Galaxy Digital withdrew 920,000 SOL tokens worth $205 million from Binance today over a six-hour period. The withdrawal follows the crypto asset management firm’s role in leading Forward Industries’ $1.65 billion SOL treasury raise.

The large-scale token movement has raised questions about whether Galaxy Digital is accumulating Solana tokens for its portfolio or client strategies. The firm’s recent activity represents one of the more significant institutional movements of SOL tokens from major crypto exchanges.

Galaxy Digital, founded by Mike Novogratz, provides digital asset financial services including trading, lending, and investment management. The company has been expanding its exposure to various crypto assets beyond Bitcoin and Ethereum.

Forward Industries’ $1.65 billion SOL treasury allocation represents one of the larger corporate crypto treasury moves involving Solana tokens, with Galaxy Digital serving as the lead arranger for the transaction.

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