Payward Acquires Bitnomial for $550 Million, Valuation Hits $20 Billion
- Acquisition Deal Size: Payward has announced a definitive agreement to acquire the crypto derivatives platform Bitnomial for up to $550 million in cash and stock, which will elevate Payward's total valuation to $20 billion, significantly enhancing its market position.
- Regulatory License Advantage: Bitnomial is the first platform in the U.S. to secure all three core licenses for crypto derivatives, allowing Payward to swiftly integrate its infrastructure and bypass lengthy regulatory hurdles, thereby accelerating growth in the U.S. market.
- Market Strategy Transformation: Payward's co-CEO Arjun Sethi emphasized that Bitnomial's 24/7 trading and clearing solutions are central to the company's expanded strategy, indicating a commitment to building a more robust multi-asset and derivatives ecosystem.
- IPO Plan Adjustment: Although Payward filed for an IPO with the U.S. Securities and Exchange Commission in 2023, the plans have been put on hold due to market uncertainty, with the acquisition of Bitnomial expected to be completed in the first half of 2026 and its platforms integrated thereafter.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 2 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0548 | 0.0576 | 0.0601 | 0.063 | 0.0655 | 0.0683 | 0.0709 |
| Fibonacci | 0.0576 | 0.0596 | 0.0609 | 0.063 | 0.065 | 0.0663 | 0.0683 |
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