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Leaders of the crypto industry want to raise another $1 billion to sell even more solana (SOL) treasury stock, despite a terrible track record of delivering returns to shareholders. Jump Crypto, Galaxy Digital, Multicoin Capital, and Cantor Fitzgerald have secured an endorsement from the Solana Foundation to work on a share sale using the largest quantity of SOL on any public company’s balance sheet. If the deal finalizes, their new public company would outrank the largest publicly traded SOL treasury, Upexi. The arc of Upexi’s stock is similar to the stock of all other major SOL treasury companies: down. On April 21, in the midst of a springtime mania, investors valued Upexi at 10.4x more than the SOL on Upexi’s balance sheet. By July 24, that premium had declined 90%. As of publication time, Upexi remains 65% off its high for this year.  Nor has its pivot into SOL fixed any of its long-term struggles. Over the last five years, Upexi’s stock has declined 92%. ...

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Throughout the first five months of the year, the US stock market has struggled with consistency. It is no question why, with macroeconomic concerns colliding with geopolitical tensions. However, with things potentially turning around soon, Meta Platforms (META) looks like a stock bound for $700 for two key reasons. The tech giant has been one of the biggest stories of the year so far. Despite struggling to build any notable momentum, the company is not alone. Many of the Magnificent 7 have been in the same boat, with a development this week potentially ushering in a new bull market for Wall Street. When that comes, META may be in a clear position to soar. Source: Politico Also Read: Meta (META) Q3 Earnings: Record Highs & Heavy Spending—What’s Next? META to $700? Two Key Reasons Why Its Likely in 2025 The last week of May has the US stock market at a crossroads. With Nvidia (NVDA) earnings set to be revealed at the closing bell, $7 billion in funds could be thrust into the market ...

It is no secret that the US stock market has failed to live up to expectations so far in 2025. Although we are just three months into the year, some of the biggest companies have stagnated amid a cautious market. However, that hasn’t stopped Microsoft (MSFT) from getting a 32% upside in recent projections with Wall Street buying in. The company is one of the most prominent in the tech sector. Moreover, despite the recent backslide, it surpassed Nvidia (NVDA) to become the second-largest company by market cap in the world. Surpassing $2.76 trillion, all eyes are on how shares could perform amid a volatile and unpredictable market. Source: Nasdaq Also Read: Microsoft (MSFT) Gets $550 Target: Here’s Why Wall Street is Betting Big Is Microsoft Set to Surge? Why Wall Street is Bullish on the Company Although it had not been the poorest performer of the year, 2025 has been down for Microsoft so far. Throughout the month of March, the stock has fallen more than 6.2%. Additionally, it is ...

A firm that has leveraged its belief in the leading cryptocurrency to unprecedented success, MicroStrategy (MSTR) has become a clear Wall Street favorite as it outperforms Bitcoin year-to-date. Indeed, the Micaehl Saylor-led company has strongly committed to a BTC accumulation strategy that has benefitted its position amid the asset’s ongoing bull run. The crypto reached an all-time high of $93,000 last week. Moreover, the increase in value has not deterred MSTR from continuing to buy the token. On Monday, Saylor announced that the firm had acquired another $4.6 billion worth of Bitcoin as it continues to enhance its overall exposure. Source: Exodus Wallet Also Read: MicroStrategy to Raise Another $1.75 Billion to Buy Bitcoin Institutional Investors Bet on MicroStrategy Amid Monumental 2024 The past 12 months have been truly transformative for Bitcoin. Indeed, the cryptocurrency has catapulted into another stratosphere of relevancy within the finance sector. Becoming the first cry...

Wall Street saw a $5.5 trillion market dip in August, while crypto currencies faced significant losses , challenging investor optimism. According to Bloomberg, August dealt Wall Street a bruising blow as the markets faced a challenging landscape—underscored by hawkish signals from global central banks that unnerved investors, catalyzing a drastic $5.5 trillion depletion in global stock valuations.  The repercussions were felt more sharply in the crypto industry. Digital assets, which had been poised for a revival in investor sentiment following industry-wide uncertainties post-FTX, instead found themselves mired in a deteriorating situation. Bitcoin lost 5% of its value during the month after a strong July. But the damage was heavier for crypto products in the ETF space. Specifically, Global X Blockchain ETF (BKCH) and Valkyrie Bitcoin Miners ETF plummeted approximately 33% within the month, exemplifying the significant drawdown experienced by crypto -focused investment vehicles. ...