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Day: August 11, 2025
Peter Thiel-Backed Bullish Targets $4.82B Valuation Amid Crypto Market Optimism
Key Notes The digital asset platform targets institutional clients and secured $200M in commitments from BlackRock and ARK Investment. Bullish’s public debut follows Trump’s GENIUS Act passage, creating federal stablecoin frameworks that encourage crypto IPO activity. This represents a 52% discount from their abandoned 2022 SPAC attempt, reflecting more realistic market pricing today. Bullish, a digital asset exchange backed by Peter Thiel, has officially increased its initial public offering size, aiming for a $4.82 billion valuation, up from $4.2 billion last week, on the New York Stock Exchange under the…
Chainlink Tipped To Outshine XRP In Global Banking Links: Analyst
Chainlink’s growing role in SWIFT’s blockchain integration is drawing comparisons to XRP’s long-standing ambitions in the same sector. Related Reading Reports have disclosed that SWIFT already uses Chainlink technology to connect more than 11,000 banks to public and private blockchains, a move some believe gives Chainlink an edge in real-world adoption. Chainlink’s Ties With Global Finance Supporters point out that Chainlink’s work now spans major financial players such as the DTCC, Mastercard, central banks, and top asset managers. The collaboration with SWIFT is central to this progress, enabling data and…
Story Protocol (IP) Price at Crossroads as Heritage Distilling Launches $360M IP Treasury
Key Notes Heritage Distilling became the first Nasdaq company to use IP tokens as primary reserve asset with $360M allocation. The deal includes $82M in open market purchases and $120M direct acquisition from Story Foundation at $3.40 per token. Technical analysis shows IP consolidating between $5.90-$6.94 support levels despite positive corporate adoption news. Story Protocol IP $6.21 24h volatility: 11.1% Market cap: $1.84 B Vol. 24h: $113.63 M tumbled 7.7% to $6.35 on Monday, August 11, despite positive sentiment within the broader market that saw the likes of Ethereum, Solana…
Game Changing Week 🛑 Latest Crypto Market Analysis & BTC News Updates Today 📊
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Game Changing Week 🛑 Latest Crypto Market Analysis & BTC News Updates Today 📊 Stay ahead of the curve with the latest crypto news and market predictions for tomorrow. In today’s update, we cover everything from Bitcoin price fluctuations to Solana price predictions, including key insights into XRP, Ethereum, and the altcoin market. Whether you’re a seasoned trader or new to the crypto space, these updates will help you navigate the volatile cryptocurrency landscape. __________________________________________ Follow the AL MAKKAH TECH & BUSINESS…
Paxos seeks US national trust bank charter after 2023 application lapse
Paxos Trust Company, the crypto infrastructure company behind PayPal’s PYUSD stablecoin, has filed to convert its New York limited-purpose trust charter into a US national trust bank charter, renewing an effort that expired in 2023. If approved, the federal charter, issued by the Office of the Comptroller of the Currency (OCC), would allow Paxos to custody customer assets and settle payments nationwide under federal oversight, potentially boosting its appeal to institutional clients. Unlike traditional banks, a national trust bank cannot accept cash deposits or issue loans. “OCC oversight will help build…
ETF Recap: Bitcoin and Ether Funds Rebound With Big Weekly Gains
Bitcoin exchange-traded funds (ETFs) snapped early-week losses to close with a $247 million net inflow, while ether ETFs notched $327 million in gains, with both markets seeing strong institutional participation. Bitcoin and Ether Post $247 Million and $327 Million Weekly Gains What began as a bruising start to the week for crypto ETFs turned into […] Original
Uniswap Foundation Proposes Wyoming DUNA Structure to Enable Fee Distribution
Key Notes Wyoming DUNA structure would provide legal clarity for Uniswap DAO operations and compliance requirements. Fee switch activation could redirect transaction revenues from liquidity providers to UNI token holders. $16.5 million in UNI tokens allocated for treasury to cover retroactive taxes and operational expenses. On August 11, the Uniswap Foundation posted a “Request for Comment (RFC)” on the Uniswap Governance Forum to adopt a Wyoming-registered Decentralized Unincorporated Nonprofit Association (“DUNA”) as the legal structure for the DAO. If approved, the legal entity would be called ‘DUNI, and could finally…
Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity
Earlier today, Bitcoin (BTC) surged past $122,000 for the first time since July 13, coming close to a new all-time high (ATH) before paring some gains, trading slightly above $119,500 at the time of writing. Bitcoin Eyes New ATH With Retail-Driven Rally According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, the average executed order size in the Bitcoin futures market has declined significantly over the past few months. This suggests that the recent price rally is being driven primarily by retail investors rather than institutional players. Related Reading…
Cango Acquires Georgia Bitcoin Mining Facility for $19.5 Million
Cango Inc. has acquired a fully operational 50-megawatt (MW) bitcoin mining facility in Georgia, U.S., for $19.5 million. Cango Acquires 50 MW Bitcoin Mine The New York Stock Exchange-listed company (NYSE: CANG) announced the acquisition on Aug. 11, 2025. This marks Cango’s first step in increasing its portfolio of owned and operated mining sites. The […] Original