Everything web3, crypto, defi, degen
In brief Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
In brief Financial infrastructure firm ALT5 Sigma Corporation plans to sell 100 million of its shares to raise funds for a WLFI treasury. The shares will be priced at $7.50 each, and the sale is expected to close on August 12. The planned sale comes shortly after World Liberty Financial community members voted to make…
In brief Senator Elizabeth Warren has warned that pending cryptocurrency legislation “supercharges President Trump’s corruption.” Warren accused the crypto industry of writing its own regulatory framework while saying current restrictions are “weak” in preventing corruption and protecting consumers. The senator compared current crypto bills to 2000 legislation that contributed to the 2008 financial crisis. Senator…
In brief Publicly traded Tron uses a communal office space as its principal place of business. The space is still reserved under the company’s former name, SRM Entertainment. Justin Sun rang the Nasdaq’s opening bell in New York earlier this week. At Tron’s principal place of business in Winter Park, Florida, there are no apparent…
In brief Ethena Labs plans to make its nearly $1.5 billion USDtb stablecoin available in the U.S. The firm is partnering with Anchorage Digital to issue USDtb stateside in the “near future.” Both crypto-native firms and traditional financial institutions are aiming to enter the stablecoin market following the passing earlier this month of stablecoin legislation…
In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury,…
