Oman's state-backed Asyad Group is reportedly considering a sale of an additional stake in its subsidiary, Asyad Shipping Co., to comply with regulatory free float requirements. The potential sale follows a successful initial public offering earlier this year.
A cryptocurrency investor facing an estimated $1.55 million tax liability from an IRS audit saw their exposure reduced to approximately $148,000. The resolution came after tax firms reconstructed blockchain data to prove that disputed transactions were non-taxable transfers between the client's own wallets.
Streamex Corp. announced that its gold-backed digital security, $GLDY, is now accessible to accredited investors through traditional brokerage accounts. The move, in partnership with Siebert Financial and tZERO, aims to bridge digital assets with conventional investment channels.
Cryptocurrency exchange Bybit has launched its virtual Bybit Card in Peru, allowing users to spend funds from their accounts in local and foreign currencies. The launch is part of the company's expansion in Latin America and includes promotional rewards for new cardholders.
Bitcoin's price remained steady over the weekend as investors assessed the impact of slowing institutional inflows through ETFs against growing corporate interest in leveraging digital assets and potential future applications in AI.
The cryptocurrency Cardano experienced its largest single-day percentage gain since late February, rising over 12% on Saturday. This rally increased Cardano's market capitalization to more than $7 billion.
Bitcoin is currently locked in a narrow range below the $63,000 mark, facing significant technical resistance. Analysts are watching for a potential breakout or breakdown as bullish and bearish indicators create a market stalemate.
Crypto derivatives platform Deribit and software provider SignalPlus have launched 'The Island,' a 35-day trading competition with up to $600,000 USDC in prizes. The event is based on trading volume and features both individual and team-based competitions.
Shares in French media conglomerate Vivendi SE dropped more than 10% after a Paris court ruled that shareholder Bolloré SE does not have control over the company, removing the immediate prospect of a mandatory takeover bid.
