Start of Etro and Galaxy Digital’s Nasdaq that can’t pull back Coinbase

Public keys are weekly summary Decryption This tracks major crypto companies that are publicly traded. this week:

Coinbase choppy week

Coinbase flag has been added $400 million cybersecurity violation This week – One of the biggest in the company’s history. The most troublesome aspect was that the exploits came as foreign contractors acquired bribes to steal customer data.

in video CEO Brian Armstrong, posted online, said criminals have access to sensitive user data, including names, addresses, partial bank details and ID documents. However, he added that less than 1% of customers were affected.

The criminals have stopped data being released with the intention of threatening Coinbase to pay $20 million. The company refused and later set up a $20 million bounty for information that led to the person in charge.

What’s worse, the company A survey from the US Securities and Exchange Commission Beyond the user number.

News first appeared New York Times. Four unknown sources said The era Reporters, which began investigations last year during President Joe Biden’s administration, continue despite the fact that the SEC has The lawsuit was dropped For exchange.

Coinbase claimed in it Original public offering document In 2021, we acquired over 100 million “verification users.” However, by 2023, the company had stopped using the language in its marketing materials.

But hey, breaking means ups and downs, right? Despite some bumps, the company recently Participated in the S&P 500 And it closed weekly trading at $266.78. This is an 18% profit compared to last week’s current profit.

Nasdaq Beginners: Etoro and Galaxy Digital

Investment and financial services company Galaxy Digital and Trading Platform Etoro has joined Nasdaq. glxy and Cultivated land A ticker each.

The path companies took to get there could not have been any more different.

Galaxy Digital has been listed on the Toronto Stock Exchange since 2018. So despite the fact that it only hit Nasdaq this morning, Mike Novogratz The opening bell was ringed– The company reports it Revenues for years.

After the company’s massive debut, Novograts said CNBC The process the company went through to Redomile in the US was “American, unfair, infuriating.”

In the same interview, Crypto CEO hinted that Etoro faced a tough road to US IPOs, but it was light to detail.

Etoro tried to release it in the US: SPAC Trading in 2021.

Some details that came up about the success of the IPO round came from the Israeli technical site Calculistwhich said that the transaction underwriter closed the book with an order because the round was 10x oversubscribe.

I call us naive, but that doesn’t sound too unfair or infuriating. The company has skyrocketed to a Market capitalization of $5 billion After his debut.

Other keys

• Bitcoin trouble company: Medical companies love Bitcoin. This time we will be based in the Basel Medical Group, based in Singapore. Adding $1 billion worth of BTC On the balance sheet. However, investors are not tweaked with the buy button, as was for the sparkling orange financial strategy. The company’s shares will be trading on Nasdaq below. BMGL Ticker lost 17% today and is trading at $2.18.
• Long-term Wisconsin pensioners: According to a recent SEC filing, the Wisconsin Investment Commission sold an entire $300 million stake in BlackRock’s iShares Bitcoin Trust in the first quarter. Rather, that is a later fact It was featured in the fourth quarter submission last yearibit is missing from itself Latest Investment List.
• Will you go back to the office?: Coinbase, often called a San Francisco-based company, has actually not had an office in San Francisco for a while. It was closed 2021at the dawn of the Covid-19 pandemic. now, SF Chronicle The company reports it is approaching a contract moving to approximately 150,000 square feet of space at 1090 Maya Angelou Ln. Too early How do I change Chase Center to Coinbase Center?