Tekedia

Tekedia focuses on topics like technology, innovation, do-it-yourself projects, entrepreneurship, and education, particularly in the African context.

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PumpSwap Launched Revenue Sharing Aimed at Incentivizing Creators

16 hours ago | tekedia.com | Paul Ugbede Godwin

PumpSwap, the decentralized exchange developed by Solana-based meme coin launchpad Pump.Fun, launched a revenue-sharing model on May 12, 2025, distributing 50% of its trading revenue to token creators. Creators earn 0.05% (5 basis points) in Solana (SOL) per transaction for eligible tokens.
eToro’s IPO Priced at $52 Per Share, Begins Trading on NASDAQ

18 hours ago | tekedia.com | Paul Ugbede Godwin

eToro, the Israel-based stock and cryptocurrency trading platform, priced its upsized initial public offering (IPO) at $52 per share, surpassing its initial target range of $46 to $50. The IPO raised approximately $620 million, with 11.92 million Class A common shares offered, valuing the company at around $4.2 to $4.4 billion. Trading began on the Nasdaq Global Select Market on May 14, 2025, under the ticker symbol ETOR.
U.S. SEC Delayed Decisions on Over 70 ETFs Applications

19 hours ago | tekedia.com | Paul Ugbede Godwin

U.S. Securities and Exchange Commission (SEC) has delayed decisions on several cryptocurrency exchange-traded fund (ETF) proposals, extending review periods for assets like Solana, Litecoin, Dogecoin, XRP, Polkadot, Hedera, and Bitcoin. On May 13, 2025, the SEC postponed rulings on proposals from firms including Grayscale and BlackRock, with final decisions now expected between June and October 2025, and some potentially delayed until Q3-Q4 2025.
Dubai Partners With Crypto.com on Crypto Payments for Government Services

1 day ago | tekedia.com | Paul Ugbede Godwin

Dubai’s Department of Finance (DOF) signed a Memorandum of Understanding (MoU) with Crypto.com to enable cryptocurrency payments for government services. This initiative, announced during the Dubai FinTech Summit, allows residents and businesses to pay fees using stablecoins through Crypto.com’s digital wallet, with transactions converted to UAE dirhams for government accounts.
Animoca Brands is Planning to List on NYSE

1 day ago | tekedia.com | Paul Ugbede Godwin

Animoca Brands, a Hong Kong-based blockchain and Web3 investment company, is planning a public listing on the New York Stock Exchange, with an announcement expected soon. The move is driven by the Trump administration’s relaxed regulatory stance on cryptocurrencies, which co-founder Yat Siu describes as a “unique opportunity” to access the world’s largest capital market.
CME Group is Set to Launch Cash-Settled XRP Futures

1 day ago | tekedia.com | Paul Ugbede Godwin

CME Group is set to launch cash-settled XRP futures on May 19, 2025, pending regulatory approval. These futures will allow investors to speculate on XRP’s price without holding the asset, using the CME CF XRP-Dollar Reference Rate, calculated daily at 4:00 p.m. Two contract sizes will be available: micro (2,500 XRP) and standard (50,000 XRP), catering to both retail and institutional traders.
A Look Into Grayscale’s Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI)

1 day ago | tekedia.com | Paul Ugbede Godwin

Grayscale has launched two income-focused Bitcoin ETFs: the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). These ETFs aim to generate monthly income by leveraging Bitcoin’s volatility through options strategies, such as writing covered calls, while also offering potential capital appreciation. They target investors seeking passive income from Bitcoin’s price movements without direct cryptocurrency ownership.
Galaxy Digital Class A Common Stock Set Launch on Nasdaq

1 day ago | tekedia.com | Paul Ugbede Godwin

Galaxy Digital Inc.’s Class A common stock is scheduled to begin trading on the Nasdaq Global Select Market under the ticker symbol GLXY on May 16, 2025, pending final approval from Nasdaq and the completion of the company’s reorganization.
Goldman Sachs Revises Its Forecast, Now Expecting Rate Cut in December 2025

1 day ago | tekedia.com | Paul Ugbede Godwin

Goldman Sachs recently revised its forecast, now expecting the Federal Reserve’s next interest rate cut in December 2025, a shift from their earlier prediction of July 2025. This adjustment aligns with their updated economic outlook, which includes a raised 2025 GDP growth forecast to 1% and a reduced core PCE inflation peak of 3.6%. They anticipate three 25-basis-point rate cuts across 2025 and 2026, citing factors like tariff-related recession risks and easing financial conditions.
S&P 500 Has Entered Bull Market Territory Climbing 20% From April Low

1 day ago | tekedia.com | Paul Ugbede Godwin

The S&P 500 has entered bull market territory, climbing over 20% from its April 2025 lows, with posts on X indicating a rapid 1,000-point rally in just one month. This surge added approximately $2.2 trillion to the U.S. equities market, driven by bullish sentiment and a nine-day winning streak—the longest since 2004—partially fueled by easing trade tensions between Trump and China.