Everything web3, crypto, defi, degen
In brief Gemini plans to raise up to $317 million in its IPO at a valuation of roughly $2.3 billion, with shares expected to price between $17 and $19 and trade under the ticker GEMI. The offering follows blockbuster crypto listings from Circle and Bullish, whose valuations soared after their debuts. Co-founders Cameron and Tyler…
In brief Strategy purchased $450 million worth of Bitcoin. A self-imposed restraint triggered a “chain reaction,” Benchmark analysts said. The firm could be tapped in the S&P 500’s next rebalancing. Strategy recently purchased 4,000 Bitcoin worth $450 million, raising funds for its latest acquisition mostly by issuing common shares, according to a press release.The Tysons…
In brief Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo. Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella. The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad. Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French…
In brief President Trump and his family saw their net worth surge by almost $6 billion after trading began for WLFI. The family collectively owns 22.5 billion WLFI tokens, now valued at nearly $6 billion, though the tokens remain locked under a vesting schedule that has not yet been determined. WLFI’s market debut gave the…
In brief Metaplanet shareholders reportedly approved an $884 million overseas share sale, according to Reuters. The Tokyo meeting authorized preferred stock issuance potentially worth $3.8 billion, with Eric Trump attending as strategic adviser. The firm’s stock-dependent “flywheel” financing mechanism has “slowed” after both Metaplanet’s stock and Bitcoin slumped in price. Metaplanet Inc. shareholders reportedly approved…
In brief The Bank of China’s Hong Kong branch stock shot up by 6.7% on reports that it plans to apply for a stablecoin issuer license. Hong Kong launched its stablecoin licensing regime in August. Regulators have also urged caution to investors over speculation-driven price moves. The Bank of China’s Hong Kong-listed shares rose by…
In brief WLFI begins trading on Memorial Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief WLFI begins trading on Labor Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans. It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million. Litecoin treasuries may attract institutions if tied…
In brief American Bitcoin is reportedly eyeing a Nasdaq debut in September. The firm is 80% owned by Bitcoin miner Hut 8. American Bitcoin owned 215 Bitcoin in June. American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for…
