FalconX

FalconX

Finance

Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility

The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized institutional loans.

Ethena CEO Guy Young (right) with Aave Labs founder Stani Kulechov (Margaux Nijkerk/ CoinDesk)

Finance

Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers

FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Wall Street heavyweight Cantor among investment banks pitching FalconX for its potential IPO

Crypto trading firm FalconX's CEO has previously said it is considering a public listing.

Wall street signs (Lo Lo/Unsplash)

Markets

Bitcoin snaps back near $69,000 but analysts warn the market may not be out of the woods yet

Crypto rebounds sharply from Tuesday's lows, yet traders question whether the move marks a lasting turn or another range-bound bounce.

Here's what bitcoin analysts are saying as price remains stuck during global rally

Finance

Crypto Prime Broker FalconX to Buy ETF Provider 21Shares: WSJ

The deal, terms of which were not disclosed, will allow FalconX to expand beyond market making and liquidity services into issuing crypto ETFs.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple

The financing will help Maple Finance, a major crypto lending platform itself, to speed up its growth, CEO Sidney Powell said.

Brandon Lutnick (CoinDesk)

Finance

Standard Chartered Will Provide Banking Services for FalconX to Enhance Cross-Border Settlement

FalconX is seeking to bridge the gap between traditional finance and crypto through bringing its service up to the level one would find at a TradFi institution

Standard Chartered (Shutterstock)

Finance

FalconX Said to Have Suffered Wave of Senior Staff Departures, Including General Counsel, European Head

A total of 10-15 people have left the business recently, two sources said.

FalconX CEO Raghu Yarlagadda (FalconX)

Finance

Crypto Prime Broker FalconX's Head of Trading Brian Strugats Has Left the Business

Strugats was based in New York and had worked for the crypto trading firm for more than three years.

(Paul Brennan/Pixabay)

Markets

Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts

Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.

Bitcoin (BTC) price on Nov. 6 (CoinDesk)