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Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40

Bakkt Holdings' stock price increased by 17% following a report from Benchmark Company that significantly raised its price target to $40. The investment bank identified growth potential in Bakkt's core businesses including crypto infrastructure, stablecoin payments, and its Bitcoin treasury. This increase in stock value was described as a validation of recent strategic moves by CEO Akshay Naheta. Although the company's stock has surged by 170% in recent weeks, it remains down 97% from its 2021 peak of over $1,060. Despite this, Benchmark analyst Mark Palmer categorized the stock as an attractive buy due to its growth potential in comparison to other firms in the fintech and digital asset space. The article also highlights the company's recent business adjustments, including a focus shift and revenue generation of $568 million in crypto operations during the second quarter.

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CoinRoutes Acquires QIS Risk For $5M to Bolster Institutional Crypto Trading Tools

CoinRoutes has acquired QIS Risk for $5 million in cash and stock, aiming to enhance its institutional crypto trading capabilities. This acquisition merges CoinRoutes' algorithmic execution technology with QIS Risk's portfolio monitoring and risk analytics tools. Fred Cox, the founder of QIS Risk, will assume the role

SUI Declines 3% as $144M Token Unlock Spurs Selloff

SUI, the native token of the Sui network, dropped 3.3% over 24 hours, falling from $3.32 to $3.21. This decline was attributed to a significant token unlock event, with $143.9 million worth of tokens being released, which included 44 million tokens scheduled from September 29 to

Solana finalists: Ignition Demo Day at Singapore Token2049

During Token2049 week in Singapore, the Ignition Demo Day showcased six finalists from a total of 223 projects building on Solana, as part of Superteam Singapore's Ignition initiative. The finalists included Azza, Home Harvest, DeCharge, and Altify, each addressing unique market needs. Azza, described as a stablecoin neobank,

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