Everything web3, crypto, defi, degen
In brief Gemini started trading on the Nasdaq at an approximately $4.4 billion valuation. The firm’s share price opened at $37.01, rising from the $28 offering price. Crypto lender Figure also registered a post-IPO pop on Thursday. Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares…
In brief Chainlink’s data streams have been integrated into Polymarket. They will serve as a resolution source for markets that hinge on price. Polymarket’s oracle system, UMA, has previously drawn controversy. Polymarket is taking a new approach to how certain markets are resolved on its platform, giving oracle platform Chainlink authority over some of its…
Stablecoin giant Tether furthered its push into the United States on Friday, announcing a previously teased U.S.-specific stablecoin designed to comply with new laws. The token project, dubbed USAT, will be led by Bo Hines, former executive director of the White House’s digital assets working group. Hines will serve as USAT’s CEO from Charlotte, North Carolina,…
In brief Crypto exchange Gemini has priced its IPO at $28 per share ahead of open trading on the Nasdaq. The pricing tops forecasts after months of investor buildup. The Winklevoss brothers bring political ties and regulatory baggage into the spotlight, but Gemini’s losses and CFTC battles loom over its market debut. Gemini, the U.S.-based…
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall…
In brief Figure Technologies and its investors raised $787.5 million through its IPO. It is among several crypto firms that have debuted on Wall Street this year. The market cap of Figure’s tokenized HELOC loans is $12.5 billion. Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker…
In brief SharpLink Gaming’s treasury strategy will be a positive “white swan event” for Ethereum as it helps educate traditional players, its co-CEO told Decrypt. Some industry observers fear that the crypto treasury trend could end badly for the industry, as swarms of companies have started stockpiling digital assets this year. Joseph Chalom, co-CEO of…
In brief Sen. John Kennedy (R-LA) said the Senate is “not ready” for sweeping crypto market rules, warning lawmakers still have “a lot of questions.” Sen. Tim Scott (R-SC), chair of Senate Banking, has insisted on a September 30 markup, despite pushback from Democrats and fellow Republicans. Policy experts say rushing a “full leap” bill…
In brief Backpack will likely offer spot crypto trading in the U.S. this year, according to CEO Armani Ferrante. The debut is contingent on attaining money-transmitter licenses. The firm rolled out perpetual futures trading in the EU earlier this week. Backpack’s crypto exchange will likely debut in the U.S. this year, starting with spot trading…
In brief Metaplanet has finalized a $1.45 billion international share sale on Sept. 10. Most of the proceeds are allocated to Bitcoin purchases and income-generation operations. The company now holds 20,136 BTC worth $2.25 billion, making it the sixth-largest public corporate holder globally. Metaplanet is betting bigger on Bitcoin.The Tokyo-listed firm has locked in a…
