Everything web3, crypto, defi, degen
In brief XRP and DOGE ETFs are expected to debut this week. The exchange traded funds come from Rex-Osprey and are filed using the Investment Company Act of 1940. Other XRP and DOGE ETFs are seen as “near locks” for approval later this year. Traditional investors in the United States will be able to gain…
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…
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 Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday. Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed. By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure. American…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
In brief The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay. The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14. In recent weeks, the agency has postponed decisions on rule change requests that would…
In brief Brian Quintenz, President Trump’s nominee to head the CFTC, publicly released screenshots of purported Signal messages with Gemini founders Tyler and Cameron Winklevoss. Quintenz claimed that they tried to derail his nomination after he wouldn’t commit to their demands regarding CFTC reform. According to Quintenz, the Winklevoss brothers threatened to contact President Trump…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
In brief Ethena presented a proposal for Hyperliquid’s stablecoin. USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund. Ethena would divert USDH revenue back into Hyperliquid’s ecosystem. Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.The decentralized…
