Category: CryptoX News

Tech Darling Figma Soars 198% Following IPO; Holds $70M in Bitcoin ETF

Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at $98 in initial trades on Thursday, suggesting a valuation closer to $60 billion. Figma, a developer of design software, previously disclosed the ownership roughly $70 million worth of…

Crypto for Advisors: Ethereum Just Turned Ten

Yesterday, July 30th, was the 10-year anniversary of Ethereum’s launch. In today’s Crypto for Advisors newsletter, Alec Beckman from Psalion writes about Ether’s growing role as a treasury reserve asset and highlights growing trends. Then, Eric Tomaszewski from Verde Capital Management answers questions about Ether as an investment in Ask an Expert. Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors: register for the upcoming Minneapolis event on September 18th. – Sarah Morton Unknown block type “divider”, specify a component for it in the `components.types` option Ethereum:…

$MBG: Utility Token of MultiBank Group Now Live on LBank

This content is provided by a sponsor. LBank has officially listed $MBG, the utility token of global financial conglomerate MultiBank Group, at 09:00 UTC on July 29, 2025. The MBG/ USDT trading pair is live in the Innovation Zone. Founded in 2005, MultiBank Group is a regulated financial ecosystem with over 25 offices worldwide and […] Source CryptoX Portal

99% of CFOs Expect to Use Crypto for Business, Deloitte Finds

Cryptocurrency is becoming a financial planning priority, with 99% of chief financial officers at billion-dollar firms expecting to use it for business in the long term, according to Deloitte’s Q2 2025 survey of CFOs. The survey, conducted among 200 CFOs at companies with over $1 billion in revenues, revealed that 23% expect their treasury departments to use crypto for investments or payments within the next two years. This figure climbs to nearly 40% among CFOs at firms with revenues over $10 billion. Despite the momentum, finance chiefs remain cautious. Concerns…

Kraken Plans to Raise $500 Million at $15 Billion Valuation Ahead of Potential IPO

Crypto exchange Kraken is reportedly planning to raise $500 million at a $15 billion valuation as it prepares for a potential initial public offering (IPO) in early 2026, according to The Information. With a daily trading volume of approximately $1.25 billion, Kraken aims to solidify its valuation and maintain momentum after recent legal victories. The […] Source CryptoX Portal

SharpLink Adds 11K ETH, Nears $2B in Ethereum Holdings

Key Notes SharpLink added 11,259 ETH to its treasury, now holding $1.74 billion worth of Ethereum. The firm’s average ETH buy price is $3,011, sitting on $386M in unrealized profit. Glassnode data suggests ETH still has significant upside, with $4,900 as a potential target. Ethereum ETH$3 85924h volatility:1.5%Market cap:$465.79 BVol. 24h:$32.76 Bsurged past $3,850 this week as SharpLink Gaming, the Minneapolis-based firm increasingly mirroring Strategy’s Bitcoin playbook, has added another 11,259 ETH to its treasury. SharpLink now holds a monumental 449,000 ETH, now worth approximately $1.74 billion. So far, the…

Crypto Exchange Kraken’s Earnings Fell 6.8% Year-Over-Year to $79.7M in Q2

Cryptocurrency exchange Kraken’s income in Q2 2025 was 6.8% lower than in the equivalent quarter one year ago. The San Francisco, California-based exchange reported adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $79.7 million, compared to $85.5 million in Q2 2024. This was also a 57% drop from its EBITDA of $187.4 million in Q1. Kraken pointed out that “Q2 tends to be a seasonally lower quarter for trading activity across the industry,” in an earnings statement on Thursday. The exchange…

Ethereum Set To Close July With The Highest Monthly Gain In 3 Years.

Ether has just clocked its best monthly return in three years, surging 56%, with one analyst calling it akin to a “90s tech stock” on the back of strong recent ETF inflows.  ETH is currently trading at $3,862, which is significantly higher than its July 1 opening of $2,468, according to CoinGecko. This marks the first time that Ether has given a monthly return of 50% or more in a single month since July 2022, when ETH surged by 56.62%, according to CoinGlass. Chart highlighting ETH’s monthly returns since March…

Staking Approval for Ether ETFs Could Ignite Institutional Surge

Staking approval for US-listed Ether spot exchange-traded funds will bring huge inflows of institutional money into Ethereum, possibly giving Bitcoin ETFs a run for their money, analysts say. Speaking to Cointelegraph, 10x Research’s head of research, Markus Thielen, said staking for Ethereum ETFs would increase the yield and could “dramatically reshape the market.” US ETF issuers are still waiting for the US Securities and Exchange Commission to allow Ether ETFs to offer staking after filing numerous requests for permission earlier this year. NovaDius Wealth Management president and ETF analyst Nate…

Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks

Did U.S. Federal Reserve Chairman Jerome Powell just threaten to hike rates? At his post-meeting press conference following the Fed’s Wednesday decision to hold interest rates steady, Powell continued to insist that the president’s tariff policy risks igniting inflation. “Increased tariffs are pushing up prices,” said Powell. “Near-term measures of inflation expectations have moved up.” “You could say,” Powell continued, “the Fed is looking through inflation by not hiking [rates].” Markets didn’t take kindly to the remarks, with the price of bitcoin (BTC)…