The Toronto-based company isn’t ditching its Canadian roots-it’ll still trade under “HODL” on the Canadian Securities Exchange (because patriotism?). But it’s saying goodbye to the OTC Market, where it previously traded as “CYFRF” (because who doesn’t love a good acronym?). Current shareholders, relax-your shares will magically transform into Nasdaq-listed ones. Poof! 🎩✨
Avalanche (AVAX), that elusive siren, may finally be capturing the gaze of institutional suitors. The Layer 1 blockchain, with its recent on-chain antics and price pirouettes, has become the talk of the town. Stablecoins and Real World Assets (RWAs), those stalwart companions, have been the wind beneath its wings.
Highlights include: airdrops (because free money is always popular), staking (the financial equivalent of “trust me bro”), and DePIN – which sounds like a rejected Bond villain but is apparently very important. There’s also more regulatory exemptions, because nothing says “free market” like letting people ignore the rules. 🎩✨
This grand proclamation, rendered by S&P Dow Jones Indices, hath stirred the teacups of the financial elite, particularly as whispers of Strategy’s (ahem) potential inclusion had been circulating like gossip at a country ball. Alas, it appears Mr. Saylor’s grand design did not secure an invitation to this particular soiree.
With headquarters nestled in the heart of the Great White North, this solana ( SOL) treasury firm has been known to the Canadian Securities Exchange under the ticker HODL. But like a bird ready to spread its wings, SOL Strategies is about to take flight under a new symbol, STKE, on the Nasdaq. The company will bid farewell to the OTCQB Venture Market, ensuring a smooth transition for its loyal shareholders, who will be whisked away to this new financial paradise without so much as a hiccup. At the time of writing, SOL Strategies boasts a market capitalization of $167 million, a sum that speaks of both the company’s ambitions and the faith of its investors.
Ethereum’s onchain metrics stand strong, while the derivatives crowd remains as cautious as a fox in a henhouse, sipping lukewarm coffee and muttering about the weather. 🐺☕
According to a slightly-too-excited-for-our-taste announcement, SOL Strategies will begin trading under the ticker STKE on NASDAQ. For those who like their stocks to sound vaguely like futuristic tech (which, of course, we all do), this is a win. But don’t worry, their stock won’t entirely abandon its humble Canadian roots. It will also continue trading on the Canadian Securities Exchange (CSE) under the ticker HODL. Yes, as in “hold on for dear life.” The irony is almost too much.
This is a step toward a unified European capital market, where the old guard and the digital pioneers might finally shake hands. 🤝
The primary cryptocurrency, after a grueling week that saw its value plummet towards the ominous $107,000 mark, seemed to rally with a newfound vigor. The bulls, those brave souls who bet on rising prices, managed to hold the line and even push back, culminating in a triumphant return to the $113,500 peak. This surge was fueled by the latest U.S. jobs report, which, in its grim portrayal of the economy, suggested that the Federal Reserve might ease up on the monetary brakes, a prospect that sent a shiver of hope through the crypto community.
Bitcoin skyrocketed toward $113,000 like a caffeinated squirrel before reality (and bad US jobs data) slapped it back down.
