The Haussier market of cryptography 2024-2025 will remain in the memories for many things: the successful success of the negotiated funds in exchange for Bitcoin, the push of institutional adoption and a wave of industry stock exchange.
Digital Asset Exchange Operator Bulsh is the last crypto-public enterprise to join the IPO, aimed at reproducing the success of the Public Market de Stablecoin Emitter Circle and the friendly design platform of Bitcoin, Figma, which has recently been published public.
The case of Bullish stands out: the company has increased its IPO price several times, reporting a high demand from investors. His Securities and Exchange Commission (SEC) file revealed early interest to the BlackRock and Ark Investment Management subsidiaries.
This week’s Crypto Biz newsletter plunges into the Bullish scholarship frenzy, Pantera Capital’s bet on cryptographic cash companies, the growing institutional implementation of Ethereum and the continuous fight of the American banking lobby against Stablecoin yields.
Bringul becomes public
After weeks of reports suggesting that Bulnish would increase its IPO price, the company estimated its debut at $ 37 per share Wednesday – well above the expected range from $ 32 to $ 33. The Crypto exchange operator and owner of Coindesk would have increased its fundraising objective in the midst of a high demand from investors.
Bullish sold 30 million shares at the price of the offer, giving the company a total market capitalization of $ 5.4 billion. The action is now negotiated on the New York Stock Exchange under the Ticker BLSH.
In his dry deposits, the bull’s bull has cited a growing digital asset market and an increasing institutional interest as key engines behind the calendar of his IPO.
Pantera makes a big bet on cryptographic cash societies
Pantera Capital, which properly predicted the Bitcoin price in 2025 in 2022, increased its exposure to cryptographic cash games in the middle of the increasing ETF adoption.
The leaders of Pantera Cosmo Kiang and Erik Lowe explained that digital assets (dates) “can generate a yield to increase the value of net assets by action, which has led to a more underlying token property over time.”
Following this strategy, the company has invested more than $ 300 million in cryptographic cash companies with exposure to Bitcoin (BTC), ether (ETH), Solana (soil) and other assets.
“These dates take advantage of their unique situations to use strategies to develop their digital assets accreactively by share,” said managers.
Bitmine targets an increase of $ 24.5 billion for ether purchases
Bitmin Immersion Technology, an operating company of Bitcoin listed in balance sheet, announced its intention to increase 24.5 billion dollars thanks to a sale of actions to acquire more ether – highlighting the race for intensification to accumulate cryptocurrency as it approaches the record vertices.
Already the largest holder of the Ethereum company, Bitmin holds approximately 1.2 million ETH worth around 5.3 billion dollars, according to industry data.
In July, Bitmine appointed Tom Lee de Fundstratrate as Chairman of the Board of Directors – a decision apparently aimed at reflecting the high -level strategy of Bitcoin’s strategy, Michael Saylor.
The plan comes as the price of Ether jumped 55% during the last month, putting it at a striking distance from its top of all time.
The American banking hall war against stablecoins continues
Less than three months after Cintelelegraph reported on the American banking lobby “panicked” on the yield floors, industrial groups now urged the government to fill a perceived escape in the Act on Engineering. The flaw, they support, could allow stablecoin issuers and their affiliates to offer yields on stablecoin assets.
Several banking associations, led by the Bank Policy Institute, have noted that if the law on engineering prohibits stable issuers from paying interest to the holders of a digital dollar, the prohibition does not explicitly extend to affiliates or crypto scholarships.
In public, groups say that their concern is that stablecoins could undermine the banking system. However, criticisms say that more urgent fear may be that stablecoins erode their business model – in particular given the long history of banks to offer minimum yields to depositors.
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