Top 9 Crypto Miners in Red as New Nasdaq Rules Spark Stocks Sell-off
Key Notes
- Nasdaq can suspend trading or delist non-compliant companies under stricter cryptocurrency acquisition oversight rules.
- Mining stocks led declines with Iris Energy dropping 7.39% and Marathon Digital falling 4.41% on Thursday trading.
- Best Wallet presale raises over $15 million as traders seek direct blockchain exposure amid regulatory uncertainty.
Nasdaq announced new measures requiring some companies to seek shareholder approval before issuing new shares to finance new cryptocurrency purchases. The stricter oversight aims to curb attempts by firms to boost valuations by rebranding into crypto-focused stocks.
According to The Information, Nasdaq could suspend trading or delist companies that fail to…
