{"id":46791,"date":"2025-09-10T18:23:59","date_gmt":"2025-09-10T18:23:59","guid":{"rendered":"https:\/\/principleisapromise.com\/index.php\/2025\/09\/10\/crypto-market-update-klarna-ipo-raises-us1-37-billion\/"},"modified":"2025-09-10T18:23:59","modified_gmt":"2025-09-10T18:23:59","slug":"crypto-market-update-klarna-ipo-raises-us1-37-billion","status":"publish","type":"post","link":"https:\/\/principleisapromise.com\/index.php\/2025\/09\/10\/crypto-market-update-klarna-ipo-raises-us1-37-billion\/","title":{"rendered":"Crypto Market Update: Klarna IPO raises US$1.37 Billion"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Wednesday (September 10) as of 9:00 a.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$113,654, a 0.9 percent increase in 24 hours and its highest valuation of the day so far. Its lowest was US$110,822. <\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, September 10, 2025<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Bitcoin\u2019s recent rally past US$113,000 has been spurred on by renewed buying, bullish technicals, and easing macro concerns. However, gains may be muted as traders weigh Fed policy signals and a historic downward revision to US payroll data.<\/p>\n

Ether (ETH)<\/strong> was priced at US$4,389.26, an increase of 1.3 percent tover the past 24 hours. Its lowest valuation on Wednesday was US$4,280.00 and its highest was US$4,388.18.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> was priced at US$224.24, an increase of 3.4 percent over the last 24 hours. Its lowest valuation on Wednesday was US$212.10, and its highest level was US$224.15.<\/li>\n<\/ul>\n
      \n
    • XRP<\/strong> was trading for US$3.01, up by 0.3 percent in the past 24 hours and its highest valuation of the day so far. Its lowest valuation was US$2.94. <\/li>\n<\/ul>\n
        \n
      • SUI (Sui)<\/strong> was priced at its highest valuation of the day, US$3.59, up by 1.2 percent in the past 24 hours. Its lowest valuation on Monday was US$3.43.<\/li>\n<\/ul>\n
          \n
        • Cardano (ADA)<\/strong> was priced at US$0.8892, up by 0.8 percent and its highest valuation on Wednesday so far. Its lowest was US$0.854. <\/li>\n<\/ul>\n<\/div>\n
          \n

          Today’s crypto news to know <\/h3>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          <\/h4>\n

          Klarna secures $1.37 billion in New York IPO<\/h4>\n

          Klarna (NYSE:KLAR) raised US$1.37 billion in its US IPO this week, marking one of the largest fintech listings of the year and a potential catalyst for other high-growth firms eyeing Wall Street. <\/p>\n

          The Swedish buy-now-pay-later company sold 34.3 million shares at US$40 each, topping its expected price range and valuing the firm at roughly US$15 billion. That figure, however, is still far below the US$45 billion valuation it commanded at the peak of its pandemic-driven surge. <\/p>\n

          Investor appetite was strong, with the deal oversubscribed 25 times, according to people familiar with the sale. <\/p>\n

          Klarna, backed by Sequoia Capital, has been unprofitable since expanding aggressively in the US where costs have climbed faster than revenues. <\/p>\n

          Losses widened to US$52 million in Q2, but overall sales still grew nearly 21 percent year-on-year.<\/p>\n

          India leans away from sweeping crypto regulation<\/h4>\n

          India is signaling it will avoid a full-scale regulatory framework for cryptocurrencies, according to a government paper reviewed by Reuters. <\/p>\n

          The document reiterated the Reserve Bank of India\u2019s view that regulating digital assets could unintentionally confer legitimacy and increase risks to the broader financial system. <\/p>\n

          Instead, officials are leaning toward limited oversight, wary of speculative trading and systemic contagion. <\/p>\n

          This stance comes as other major economies, including Japan and Australia, advance regulatory regimes while China keeps its outright ban in place. <\/p>\n

          US developments, including federal recognition of stablecoins, have added pressure on India to clarify its position, but policymakers remain cautious. Attempts to ban private cryptocurrencies in 2021 stalled, and a planned 2024 discussion paper was shelved pending international consensus. <\/p>\n

          For now, India is prioritizing containment over expansion, even as global Bitcoin prices and adoption rates hit record highs.<\/p>\n

          Rapyd launches stablecoin payment suite <\/h4>\n

          Fintech platform Rapyd has introduced its Stablecoin Payment Solutions, giving businesses the ability to accept, settle, and pay out using stablecoins through one integrated system. <\/p>\n

          The offering is pitched as an answer to fragmented global money movement, consolidating what has often required multiple providers into a single platform. Rapyd aims to tap over US$27 trillion in stablecoin transaction volume recorded across blockchains this year. <\/p>\n

          The platform enables real-time payouts, treasury management, and currency conversion, potentially easing reliance on traditional rails like SWIFT. <\/p>\n

          Executives say the service is aimed at industries from gaming to global e-commerce, where speed and liquidity are critical. <\/p>\n

          As both US and European regulators formalize rules under the GENIUS Act and MiCA, Rapyd is betting that its unified approach can help enterprises cut costs and streamline cross-border operations.<\/p>\n

          <\/span><\/h4>\n

          <\/span><\/h4>\n

          <\/span><\/h4>\n

          <\/span><\/h4>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Here’s a quick recap of the crypto landscape for Wednesday (September 10) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$113,654, a 0.9 percent increase in 24 hours and its <\/p>\n","protected":false},"author":1,"featured_media":46792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-46791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts\/46791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/comments?post=46791"}],"version-history":[{"count":0,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/posts\/46791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/media\/46792"}],"wp:attachment":[{"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/media?parent=46791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/categories?post=46791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/principleisapromise.com\/index.php\/wp-json\/wp\/v2\/tags?post=46791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}