Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Discloses

Bitgo Discloses Its Financials In Latest Sec Filing Ahead Of Ipo
GameFi Guides

BitGo Discloses its Financials in Latest SEC Filing Ahead of IPO

by admin September 21, 2025



BitGo, a U.S.-based cryptocurrency custody firm, has said that its revenue in the first half of 2025 was $4.19 billion, almost four times what it was the year before. The firm also stated that its net profit was $12.6 million in its IPO filing with the U.S. Securities and Exchange Commission (SEC). 

The disclosure comes amid BitGo officially filing an S-1 registration statement to go public via an IPO. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol BTGO, with investment banks Goldman Sachs and Citigroup serving as underwriters. 

In its SEC filing, which the company made public on September 20, 2025, it cited that the finances are for the years ending December 31, 2022-2024, plus the first half of 2025. The company wants to raise capital, give investors access to liquidity, and maybe take advantage of its strong financial performance. The papers show that the company has made notable profit recently and is likely betting on investors being interested in digital asset custody as the use of cryptocurrencies and institutional demand for them grows. 

SEC engages BitGo on Project Crypto

As part of the SEC’s Project Crypto program, BitGo executives, including CEO Mike Belshe and VP of Corporate Development J. Baylor Myers, met with SEC Chairman Paul Atkins earlier this month on September 12. The main points of the discussion focused on updating custody rules for digital assets and strengthening cybersecurity and private key protections. 

Also Read: Trust Wallet Token Price Surges 30% to $1.26 Following CZ X Post



Source link

September 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Changpeng Zhao discloses BNB treasury plans amid Binance comeback talks
NFT Gaming

Changpeng Zhao discloses BNB treasury plans amid Binance comeback talks

by admin September 17, 2025



Changpeng Zhao has revealed bold treasury plans to grow the BNB ecosystem as speculation of his return to Binance comeback gains momentum.

Summary

  • BNB treasury plans gain traction as CZ outlines support for growing institutional interest.
  • Speculation grows over CZ’s return to Binance after he changed his X profile back to “@binance” amid reports the DOJ may lift compliance restrictions.
  • BNB price hits all-time high of $962, with analysts predicting a surge past $1,000 amid renewed investor interest.

Binance founder Changpeng Zhao (CZ) has revealed ambitious plans to reshape the BNB ecosystem through the upcoming BNB Treasury Company. The disclosure came during a recent interview with Leon Lu, founder of B Strategy, where the former Binance CEO talked about the future of BNB, its ecosystem, and strategic plans aimed at driving long-term growth.

Describing BNB (BNB) as a “true utility coin,” CZ emphasized its unique position in the crypto space. “Very few coins have these types of benefits,” he said, referencing BNB’s multi-chain compatibility and its use across trading discounts, yield generation, launch pools, launchpads, and the Binance Alpha ecosystem. 

According to CZ, BNB’s importance spans both centralized and decentralized platforms, with active use in cross-border payments and dApps worldwide. He also spotlighted strong network effects and untapped potential in regions such as Southeast Asia, Europe, the Middle East, and Africa. He stated that this “undeveloped potential” is a competitive advantage, suggesting that the BNB ecosystem still has substantial room to grow.

The discussion builds on B Strategy’s plan to launch a U.S.-listed treasury company focused on BNB, targeting a $1 billion raise with backing from YZi Labs. CZ highlighted growing institutional demand for the asset, noting that support will be offered only to strong, well-positioned projects.

“We’ve been approached by probably more than 50 companies for BNB specifically,” stated the founder, adding that, “While we cannot not support anybody who wants to buy BNB…we will only do that to a very small number of DAT companies. Basically, the very top, strong ones.”

Alongside these BNB treasury revelations, speculation about CZ’s return to Binance has also taken center stage. 

Is CZ coming back to Binance?

The rumors were sparked when CZ quietly changed his X bio on Sept 17, from “ex-@binance” back to simply “@binance.” The subtle change comes nearly two years after CZ stepped down as CEO following a $4.3 billion settlement with the U.S. Department of Justice in Nov 2023.

At the time, he pleaded guilty to violating U.S. anti-money laundering laws and was fined $50 million. The terms of the settlement also barred him from managing or operating Binance, with Richard Teng stepping in as the new CEO.

Now, reports allege that the DOJ is close to lifting the compliance oversight placed on Binance, a move that would remove one of the final legal barriers potentially preventing CZ’s return. However, CZ has previously denied any intentions to return as CEO again, saying he has no wish to return to the company even if allowed.

Still, the timing and subtle hints have sparked fresh speculation. Meanwhile, BNB price itself has been in an uptrend, recently soaring to a new all-time high of $962, defying broader market consolidation. 

BNB treasury buzz fuel rally, price eyes $1,000 milestone

Per crypto.news data, the Binance Coin price is up 2.7% on the 24-hour chart, trading around $956 at press time. It has also increased by 8.2% and 13.7% on the week and month respectively, signaling high bullish activity partly fueled by the ongoing treasury buzz.

The altcoin has been enjoying a massive interest from institutional investors. Alongside the upcoming BNB Treasury Company, several other firms like Nano Labs have unveiled Windtree Therapeutics their various long-term bet on the asset, adding weight to the bullish momentum.

Meanwhile, the Binance Coin price has entered a bullish continuation, forming a clear uptrend with consistent volume increases. The MACD remains strongly bullish, with the MACD line above the signal line and widening, suggesting ongoing upward momentum. The RSI is at 70.82, which is entering overbought territory, signaling a possible short-term pullback or consolidation.

BNB Price chart | Source: crypto.news

Should the treasury plans continue, BNB may be positioned for further gains. Immediate resistance lies at $980, and a breakout above this could open the door to retesting the $1,000 psychological level. Strong support can be seen around $920, with deeper support near $880 if a correction occurs.



Source link

September 17, 2025 0 comments
0 FacebookTwitterPinterestEmail
Crypto
Crypto Trends

Hong Kong Discloses Eased Crypto Rules For Banks, Set To Take Effect In 2026

by admin September 13, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a significant move to bolster its position in the cryptocurrency landscape, Hong Kong is set to implement new regulations aimed at enhancing the adoption and usage of digital assets among banks. 

This initiative comes in the wake of a renewed wave of pro-crypto policies spearheaded by the United States, which aspires to establish itself as the world’s crypto capital. Recognizing the need to stay competitive, Hong Kong’s regulatory framework seems to be evolving to stay at the forefront of this race.

New Crypto Asset Classification Module For Banks 

The Hong Kong Monetary Authority (HKMA) recently issued a draft document for public consultation, introducing a new module titled CRP-1, or “Crypto Asset Classification,” as part of its “Banking Regulatory Policy Manual.” 

This draft is designed to clarify the regulatory guidelines related to bank capital requirements in line with the Basel Committee on Banking Supervision’s standards, with full implementation anticipated by early 2026. 

The HKMA aims to provide a structured approach to regulating crypto assets, particularly focusing on those linked to unlicensed blockchain technologies, commonly referred to as public chains.

Faith, a partner at King & Wood Law Firm and a lecturer at the University of Hong Kong’s School of Law, shared insights in an exclusive interview with Caixin. 

She highlighted that the draft regulatory guidance will allow for lower capital requirements for banks dealing with crypto assets, provided that issuers can demonstrate effective risk management measures.

The draft document also emphasizes the classification procedures that align with global financial standards, ensuring that Hong Kong’s banking sector adheres to international norms. 

By addressing digital assets launched on public blockchains, the proposals suggest that these cryptocurrencies could benefit from reduced capital requirements, thereby incentivizing banks to engage more actively with digital assets.

A New Era In Digital Asset Legislation

Hong Kong’s stance on digital asset legislation further distinguishes it from mainland China, which has taken a more cautious approach. 

Earlier this year, the region introduced stablecoin regulations, enforcing a licensing regime for stablecoin issuers that requires compliance with strict asset management and client asset segregation protocols. 

This regulatory framework is designed to promote financial stability and encourage innovation in the digital asset sector, building on the progress made in the United States with the passage and signing of the GENIUS Act by President Donald Trump.

Chengyi Ong, head of Asia-Pacific policy at Chainalysis, emphasized the importance of stablecoins in the broader crypto ecosystem. She noted that stablecoins not only provide stability but also facilitate traditional financial processes, such as cross-border payments and settlements, which are often mired in inefficiency. 

The daily chart shows the total market cap at $3.9 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

September 13, 2025 0 comments
0 FacebookTwitterPinterestEmail

Categories

  • Crypto Trends (1,098)
  • Esports (800)
  • Game Reviews (772)
  • Game Updates (906)
  • GameFi Guides (1,058)
  • Gaming Gear (960)
  • NFT Gaming (1,079)
  • Product Reviews (960)

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5
  • The 10 Most Valuable Cards

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada

    October 10, 2025
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5

    October 10, 2025
  • The 10 Most Valuable Cards

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close