From Nasdaq: 2024-05-31 08:27:19

1. NYSE partners with CoinDesk to launch crypto-related financial products, including cash-settled index options tracking Bitcoin prices. Cryptocurrency adoption grows as more companies consider adding digital assets to their balance sheets.

2. Companies look to follow MicroStrategy’s lead in entering the crypto space. MicroStrategy holds a significant amount of Bitcoin and has become a prominent player in the crypto market, inspiring other firms to explore similar strategies.

3. Riot Blockchain makes a hostile bid for Bitfarms, aiming to create the largest Bitcoin mining entity globally. Riot discloses a nearly 9.25% stake in Bitfarms and plans to add new directors to Bitfarms’ board, prompting a strategic review by Bitfarms to maximize shareholder value.

4. Bitcoin’s price may continue rising, with technical analysis tools signaling a Strong Buy for the cryptocurrency on a weekly timeframe. The bullish signal hints at a potential continuation of Bitcoin’s impressive 148% price rally over the past year.

Read more at Nasdaq.: Crypto Roundup: NYSE Teams Up with CoinDesk, RIOT’s Bitfarms Bid, and More