Everything web3, crypto, defi, degen
In brief Cryptocurrency exchange Bullish formally filed for IPO. The exchange aims to raise up to $629 million based on an initial share price of $28-$31. The firm previously sought IPO in 2021, but plans were spoiled due to market conditions in 2022. Cryptocurrency platform Bullish publicly filed its F-1 registration with the SEC on…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Japanese investment firm Metaplanet has filed to raise $3.7 billion through preferred shares to fund Bitcoin purchases toward 210,000 BTC goal by 2027. The proposed offering represents 75% of its current market cap and requires shareholder approval on September 1. Metaplanet cautioned that no specific issuance plan exists yet, with Bitcoin trading rangebound…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief SharpLink’s Ethereum holdings have more than doubled over the past three weeks Shares have tumbled as Ethereum’s rally has cooled over the past week. The company is aligning itself with Consensys’ Ethereum layer-2 network Linea. SharpLink Gaming has spent $780 million on Ethereum in July, establishing itself as one of the asset’s largest…
In brief CryptoPunks’ floor price has climbed 163% since August 2024, now exceeding $200,000 for the first time in over a year. A recent sweep of 45 Punks and rising Ethereum prices have fueled renewed interest in high-end NFTs. NFT trading on Ethereum hit its busiest day since February last week, with CryptoPunks driving over…
In brief Shares of CEA Industries (VAPE) are up more than 700% after it announced it will start a BNB treasury. The firm is raising $500 million via a PIPE, with the potential for $1.25 billion in funds for BNB purchases. BNB, the cryptocurrency launched by Binance, set a new all-time high price earlier Monday.…
In brief Metaplanet now holds 17,132 BTC after its latest acquisition of 780 BTC. New stock issuances in July funded both bond redemptions and Bitcoin buys The firm’s accumulation strategy, launched in 2024, has accelerated in 2025 with a new target of 100,000 BTC by the end of 2026. Metaplanet has added 780 BTC to…
In brief The AI firm aims to acquire up to 3,000 BTC over 12 months despite thin reserves. Its latest earnings flagged “significant doubt” about continued operations. Analysts told Decrypt such moves may be more to reframe perception than fix fundamentals. Tokyo-listed AI firm Quantum Solutions is preparing to buy up to millions in Bitcoin…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
