Market, News, Entertainment
The cryptocurrency market traded cautiously on Wednesday as investors waited for signals from the U.S. Federal Reserve and monitored global geopolitical developments. Bitcoin remained above the key $65,000 level, while most major altcoins posted modest gains or traded sideways after a volatile start to June. Market sentiment remains fragile, with many traders still recovering from the sharp sell-off that pushed Bitcoin close to $60,000 earlier this month.
The planned initial public offering (IPO) of GCash operator Globe Fintech Innovations, Inc. (Mynt) could become one of the most significant events in Philippine capital market history, with potential implications for both the local stock market and its major shareholder, Globe Telecom, Inc. (GLO). Recent reports indicate that Mynt is targeting a valuation of at least US$8 billion, or roughly PHP 450-480 billion, and could raise more than US$1 billion in what may become the largest IPO ever on the Philippine Stock Exchange.
by 