Late yesterday, Circle officially priced it’s stock at $31, well above the initial range of $24 to $26. With the company also upsizing its share offering to 34 million, it looks like the IPO will raise more than $1.1 billion.
Elon slams Congress's new spending bill and hints that bitcoin will end up as the world’s reserve currency.
Robinhood is now up more than 76% YTD vs Coinbase’s -2.5%
The Labor Department has scrapped a 2022 compliance bulletin that potentially scared fiduciaries away from offering bitcoin or other crypto options in 401(k)s.
The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency and following Binance’s $4.3 billion settlement with the U.S.
Supporters say the structure could lower the city’s borrowing costs and quietly grow a public Bitcoin reserve. Others, well, aren’t so impressed.
GameStop today announced its first large acquisition of BTC, disclosing a purchase of 4,710 BTC ($500 million).
Trump Media & Technology Group (DJT) plans to raise $2.5 billion to add more BTC to it’s treasury.
Wall Street’s banking behemoths (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, etc) are reportedly whispering in backrooms about launching their own stablecoin.
Kraken, in it’s continued drive to IPO, plans to launch “tokenized equities” in the coming weeks that would trade 24/7 – even when the U.S. stock market is closed.
LFG
Only a few weeks after reports emerged that the largest US stablecoin provider had rejected Ripple’s $4-5 Billion offer, Fortune is reporting that Coinbase is entering the conversation.
Between questionable email campaigns and crypto influencers touting the stock, there is now strong evidence that the stock isn’t rising for the right reasons.
With regulation loosening and crypto prices rising, the window for crypto companies to go public is beginning to open. Our crypto IPO database will track the crypto-focused companies most likely to IPO in 2025.
Sure, Bitcoin is here to stay, but how does one make a directional yet risk-averse bet on the other approximately 20,000 crypto-assets in existence?
As The Street seems to continually underestimate the company’s revenues, we felt it was important to provide a resource to those who want to come up with their own conclusions.
While Robinhood is no novice to crypto, the company believes they are being overlooked in the market.
It’s easy to get disillusioned in crypto when the projects being launched are either hype machines or use cases that just don’t matter to the average consumer. Projects like Blackbird want to change that.
