Muyao Shen
Crypto Reporter at Bloomberg News
magic money on the Internet @crypto via @business | tweets are my own and mostly about food | mshen118 (at) bloomberg dot net | NO PITCHES IN DMs/TELEGRAM
Articles
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1 day ago |
news.bloomberglaw.com | Muyao Shen |Gillian Tan
An affiliate of Cantor Fitzgerald LP is teaming up with stablecoin issuer Tether Holdings SA and SoftBank Group to create a new company called Twenty One Capital Inc. with the goal of accumulating Bitcoin, the latest company to emulate the business model of Michael Saylor’s Strategy.
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1 day ago |
bloomberg.com | Muyao Shen |Gillian Tan
The Tether logo on a laptop computer arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022 Reverberations from the collapse of Sam Bankman-Fried’s empire continue to spread through financial markets, threatening the future of crypto lenders like BlockFi Inc. and Voyager Digital Ltd. (Bloomberg) -- An affiliate of Cantor Fitzgerald LP is teaming up with stablecoin issuer Tether Holdings SA and SoftBank Group to create a new company called Twenty One Capital Inc.
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6 days ago |
bloomberg.com | Muyao Shen
Muyao Shen takes a look at the latest high-profile token crash, and decides that what’s old is always new in crypto. Mantra, a crypto project billed as a blockchain aiming to trade so-called real-world assets, saw the price of its token OM crash by 90% in just hours on April 13, erasing more than $5 billion in market value.
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1 week ago |
bloomberg.com | Muyao Shen
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion within the next three years after the expected passage of US legislation that seeks to provide a regulatory framework for the cryptocurrencies. That would likely require an extra $1.6 trillion in short-term Treasuries to be held in reserve by stablecoin issuers, or the total amount of new T-bills to be sold over that time, analysts at the London-based bank wrote in a report Tuesday.
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1 week ago |
news.bloombergtax.com | Muyao Shen
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RT @tracyalloway: This is a big deal. Wall Street analysts self-censoring their research is never a good thing, especially someone like Mik…
They need to open a shop in NYC first so we know how valuable it should be
Surprise, surprise, we have a sizable IPO launch today, and it's actually from a Chinese bubble tea chain-- Chagee 霸王茶姬 Company is seeking to raise $411 million, despite spiking stock volatility from Donald Trump’s tariff measures https://t.co/AydWswvdqr via @business
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