Shares - Laughing Hyena

Tag:

Chancellor of the Exchequer Rachel Reeves (Jordan Pettitt - WPA Pool/Getty Images)

CleanSpark (CLSK) Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime

by admin September 22, 2025

Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity.

The shares rose nearly 6% in post-market trading, after the announcement on Monday.

The mining company will use the proceeds for strategic capital expenditures, including expanding CleanSpark’s energy portfolio, scaling its bitcoin mining operations, and investing in high-performance computing (HPC) capabilities, the company said in a press release.

Rather than selling bitcoin to raise cash or selling additional shares of the firm—a move that can dilute the current shareholders—CleanSpark is using the asset as collateral to keep growing while holding on to what it mines.

“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy,” said Gary A. Vecchiarelli, CleanSpark’s CFO. “Our ‘Infrastructure First’ strategy has been proven historically and will further enhance shareholder value as we expand into more diversified compute opportunities.”

The new raise comes after recent leadership changes hinted at the miner going beyond just mining bitcoin and diversifying into other revenue opportunities. The focus on HPC isn’t surprising, as more and more bitcoin miners are pivoting into hosting machines that cater to HPC and artificial intelligence computing, which requires a tremendous amount of energy, in their data centers.

Read more: GPU Gold Rush: Why Bitcoin Miners Are Powering AI’s Expansion

Source link

September 22, 2025 0 comments

Crypto Trends

Arthur Hayes Shares Why He Dumped HYPE

by admin September 22, 2025

Arthur Hayes, Co-Founder of BitMEX, has sold his entire stash of Hyperliquid (HYPE) tokens, earning roughly $823,000. Initially, Hayes playfully said that the funds were going to be used to buy a Ferrari. Later, Hayes clarified with the actual reason; that the sale was driven by heavy sell pressure from massive token unlocks set to begin on November 29.

Blockchain data from HypurrScan, highlighted by Lookonchain, showed Hayes sold his 96,628 HYPE tokens at a 19.2% profit on September 21.

Following this, Hayes first posted on X with a mischievous reply, “Need to pay my deposit on the new Rari 849 Testarossa.” The HYPE sale came just a month after he predicted that the token could surge 126x over the next three years.

Later, Hayes provided further context, linking to an article titled “HYPE’s Damocles Sword” to explain the main reason behind the dump. He also reassured followers that the token’s long-term potential remains, noting that a 126x increase is still possible and that 2028 is “a long way off.”

HYPE faces a critical test following initial success

HYPE, the native token of the Hyperliquid decentralized derivatives exchange (DEX), has seen remarkable growth. At the time of writing, HYPE was trading at $48.90, down around 9% in the past 24 hours. According to CoinMarketCap, trading volumes have surged dramatically, rising 136% and reaching $552 million.

Additionally, trading activity picked up sharply in August, climbing from roughly $560 million at the beginning of the month to reach a record $3.4 billion on August 24, as reported by DefiLlama.

However, in the article shared by Hayes, analyst Maelstrom flagged an upcoming challenge for HYPE. Starting November 29, 237.8 million HYPE tokens will begin vesting linearly over 24 months. At $50 per token, this amounts to roughly $11.9 billion in team unlocks, adding nearly $500 million to the market each month. This might add a supply overhang of some $410 million monthly.

Even large decentralized autonomous trusts (DATs) like Sonnet, with $583 million in HYPE and $305 million in cash, might cover only a small fraction of these unlocks.

Is Hayes going to reinvest?

Hayes’ sale highlights the difference between personal financial decisions and broader market trends. It is also not known if Hayes intends to re-invest in HYPE.

However, he does have a track record of making bold market predictions. Earlier this month, he said that Bitcoin will surge past $200,000, arguing that traditional four-year halving cycles no longer dictate the market. He also suggested that U.S. Treasury liquidity measures could push crypto markets into an “up only” phase.

While Hayes HYPE sale indicates a personal investment decision, it does not always indicate the long-term prospects of the token. It is recommended to investors to look at market trends, trading volumes, and other data and make decisions bearing in mind that crypto is highly volatile.

Also Read: Hyperliquid Lists ASTER Token Amid Heightened Competition Buzz

Source link

September 22, 2025 0 comments

GameFi Guides

Vitalik Buterin Opposes Ethereum State Expiry Innovation, Shares New Take

by admin September 19, 2025

Ethereum (ETH) founder Vitalik Buterin has shared his views on the ongoing debate about how to reduce the blockchain’s bloated data storage. Buterin’s view came as a response to support for a thread on X supporting state expiry.

Vitalik Buterin rejects expiry, proposes partial node solution

For context, “Ethereum’s state” refers to all the data needed to keep track of account balances, token ownership, smart contract storage and the rest. Over the years, the state has grown with the creation of more accounts and contracts.

The amount of resources required to maintain the state continues to soar, and it is causing serious challenges for the network’s stability. It will also impact the scaling of the network as data storage continues to grow.

According to a state expiry advocate, approximately 80% of these data are stale but still take up space. Hence, state expiry supporters propose that the old and unused part of the state should be removed after a period of time. This, they believe, would help Ethereum scale.

Don’t do state expiry, do partial state nodes imo

They’re functionally similar, but the latter does not require any consensus-layer logic and is much more flexible.

— vitalik.eth (@VitalikButerin) September 19, 2025

However, Buterin has kicked against this proposal. He suggests that instead of enforcing expiry at the consensus level, the system should allow nodes to choose to store only part of the state.

The Ethereum founder noted that state expiry will affect the whole network, but “partial nodes” do not. Yet, the network maintains the full state, which is more flexible and does not require Ethereum to change its core rules.

Ethereum’s long-term roadmap aligns with Buterin’s view

Vitalik Buterin has also recently shared his long-term vision for the blockchain, with emphasis on simplifying the ecosystem. He stressed that building a secure, future-proof network is key, while keeping it fast and responsive.

Buterin believes this can be achieved with quantum computing to ensure the speed of transactions is improved. This indicates that the founder’s “partial node” solution took into consideration the overall long-term vision for Ethereum.

This outlook is important for Ethereum, as competition with other layer-1 scaling solutions like Solana and BNB Chain is growing at a very fast pace. The implication of the scalable mainnet stack is such that it can support the RWA tokenization move and other demands from Wall Street investors.

Proponents like Tom Lee see strength in Ethereum’s design, which has helped it maintain 100% uptime since its launch. This strength, he believes, can help push the price of Ethereum to a new all-time high (ATH) above $10,000.

Source link

September 19, 2025 0 comments

Esports

BAFTA shares $375,000 in grants to “86 talented creatives” to launch their careers in the UK and U.S.

by admin September 19, 2025

BAFTA has awarded over $375,000 (£277,000) in grants to 86 “emerging creatives” in the UK and North America.

In a celebratory breakfast attended by actor and director Peter Capaldi, BAFTA says the increased number of bursaries this year will help the next generation of filmmakers, game designers, actors, producers, editors, and more who face “financial barriers to breakthrough and progress in their careers.”

BAFTA has also named its next selection of UK Scholars who will each receive up to around $16,000 (£12,000) in funding towards tuition fees or living costs in addition to mentoring and free access to BAFTA’s year-round events.

U.S. applicants receive packages worth up to $60,000 to support study at leading institutions, including Duke, UCLA, USC, NYU and the American film Institute, as well as mentoring and career support.

Awards for creatives working in the UK’s video game sector include game producers Aidan Sealy and Matthew Stevens. Several artists, illustrators, animators, and sound professionals were also included, while Frances Acton received a scholarship to study BA Computer Arts in Abertay University as a BAFTA Reuben Scholar.

Jane Millichip, CEO of BAFTA, said: “Opening doors for the next generation of storytellers is at the heart of BAFTA’s mission. Our bursaries and scholarships remove the practical and financial barriers that too often stand in the way of talented people starting out in film, games, and television. From driving lessons to specialist equipment and tuition fees, this support can make the difference between someone having to step back from their ambitions or moving forward with confidence.

I’m immensely proud of the impact these programmes have had to date, and deeply grateful to the many patrons who continue to champion the creatives of tomorrow.”

Source link

September 19, 2025 0 comments

Crypto Trends

xStocks Issuer Chose Switzerland to Avoid Whitelisting Tokenized Tesla Shares: CEO

by admin September 17, 2025

In brief

Switzerland allowed Backed to avoid whitelisting xStocks.
Tokenized Tesla shares have the largest supply.
xStocks have roughly 30,000 unique holders.

Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi.

The company was registered in the European nation because it allowed them to issue digital representations of stocks like Tesla and Nvidia, called xStocks, that are freely transferable, as opposed to those constrained by a so-called whitelist, he told Decrypt.

“We were looking into five jurisdictions, and lawyers told me, ‘Yes, you can do it. It will be permissioned with a whitelist,’” Levi recalled. “And I said, ‘No, I’m not interested. I don’t want to build it because I will not use it.”

In crypto, whitelists are typically used to grant individuals approval to participate in a specific event, whether that’s minting an NFT or investing in a cryptocurrency’s debut. Within the context of tokenized equities, one could dictate who’s allowed to hold the digital representations of stock.

Backed began issuing tokenized stocks under its xStocks brand in June, and as the company competes with similar offerings from retail brokerage Robinhood and tokenization platform Securitize, Levi argued that a permissionless approach is best for adoption.

“Think about a stablecoin being permissioned,” he said. “No one would use that.”

As of Wednesday, xStocks currently had 30,300 total unique holders, according to a Dune dashboard. Tesla’s associated token was the most popular, with 43,000 tokens tied to $18 million in Tesla shares—which serve as its backing.

That distinction is key. Some forms of tokenized stock are “native,” meaning that they carry the same entitlements that investors receive when purchasing stock through traditional means, but xStocks are essentially a wrapper for tokens that are held off-chain.

It’s similar to how most stablecoins function as an IOU for $1, Levi said. They are not issued by a central bank or government, so they are not dollars themselves. And xStocks can be redeemed for actual shares in a company for a fee.

“Were creating wrappers on top of stocks,” he said. “You’re not holding Tesla—that’s important—but you basically have a right to the economic value of Tesla.”

XStocks aren’t available in the U.S., and the tokens are issued under sweeping legislation passed by the Swiss Parliament in 2020. The legal framework is explicitly “innovation-friendly,” according to a fact sheet published by a Swiss government agency in 2023.

Regulators in the U.S. have raised eyebrows in relation to tokenization this year, with SEC Commissioner Hester Peirce saying in July that tokenization doesn’t trump existing securities laws. Companies like OpenAI have also denounced tokens tied to them as unauthorized.

Still, Levi thinks xStocks could see real adoption outside of the country, for similar reasons that have pushed people toward products from stablecoin issuers Circle and Tether.

“People around the world started using stablecoins as a way to run from inflation, and I think the same will [happen] for xStocks,” he said. “Bitcoin is very volatile, but if you want to have something that is safe and growing, the S&P 500 is a very good product.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 17, 2025 0 comments

GameFi Guides

SharpLink Buys Back 1M Shares as its ETH Treasury Expand

by admin September 17, 2025

Ethereum treasury company SharpLink Gaming (NASDAQ: SBET), shared today that it bought back one million shares of its own stock at an average price of $16.67 as part of its ongoing $1.5 billion buyback program.

The Minneapolis-based firm has now bought back around 1.93 million shares, spending nearly $32 million since the initiative was approved in August, according to the release.

SharpLink said its treasury has expanded to 838,152 ETH, valued at approximately $3.7 billion based on current prices. This total includes 922 ETH added since August 31 and 3,240 ETH earned from staking since June, equal to about $14.4 million. The company stakes nearly all of its holdings and emphasized that it carries no debt.

“We continue to be focused on stockholder value,” co-CEO Joseph Chalom said in the press release. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

But despite this, the price of the company’s shares has dropped briefly by 0.86% to $16.65 today, adding to a drop of more than 19% over the past month.

The company disclosed its first buyback on September 9 and said it will only purchase shares when its net asset value (NAV) falls below 1, which it considers a signal of being undervalued. Its current NAV stands at 0.91x, which shows that the stock price is underperforming compared to the Ethereum it holds.

“The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions,” SharpLink said.

SharpLink is the second-largest Ethereum treasury among publicly traded firms, behind BitMine Immersion Technologies, which holds more than 2.1 million ETH valued at about $9.3 billion.

The repurchase program is funded with cash on hand, income from staking, and other financing options. Other firms are also moving in a similar direction. For instance, Ethereum treasury ETHZilla authorized a $250 million buyback in August, while Bitcoin treasury firm Strive announced a $500 million repurchase plan earlier this week.

Also Read: Binance Token BNB Reaches $957 All-Time High. $1000 Next?

Source link

September 17, 2025 0 comments

NFT Gaming

SharpLink Buys Back 1 Million Shares as Ethereum Treasury Sits at $3.8 Billion

by admin September 16, 2025

In brief

SharpLink repurchased 1 million shares of SBET at an average price of $16.67.
The firm has now used around $32 million of its $1.5 billion stock buyback program, buying back around 1.93 million shares.
Shares of SBET are down 2.62% in the last 24 hours, now changing hands at $16.33.

Ethereum treasury firm SharpLink Gaming continued its share buybacks, repurchasing one million shares of SBET at an average price of $16.67 while its ETH holdings expanded modestly, the firm announced on Tuesday.

The Minneapolis, Minnesota-based firm has now repurchased 1.93 million shares of SBET in the last two weeks, using nearly $32 million of the $1.5 billion it approved for a share repurchase program in August.

Meanwhile, it has added just 922 ETH or around $4.1 million to its treasury, since August 31.

“We continue to be focused on stockholder value,” said Sharplink co-CEO Joseph Chalom in a statement. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

The firm’s market cap is currently trading below its net asset value of Ethereum holdings, according to its Ethereum dashboard—a situation in which Chalom previously indicated it would seek to repurchase its common stock.

Shares of SharpLink (SBET) were down around 2.6% since the opening bell on Tuesday, changing hands for $16.33. SBET has fallen more than 19% in the last month, underperforming ETH which has dropped just 2.2% in that time.

The gambling marketer turned Ethereum treasury has amassed the second largest publicly traded ETH treasury thus far.

It currently holds 838,152 ETH valued at around $3.7 billion based on ETH’s current price of $4,448. Only BitMine Immersion Technologies holds more, boasting greater than 2.1 million ETH valued at around $9.3 billion.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 16, 2025 0 comments

NFT Gaming

‘I Encourage You to Exit’: Bitcoin Treasury Nakamoto’s Shares Plunge 50% After CEO Letter

by admin September 16, 2025

In brief

Kindly MD shares crashed over 54% to $1.26 after the SEC approved trading of previously restricted shares from a $200 million fundraising deal.
CEO David Bailey encouraged short-term investors to exit, warning of volatility as the healthcare company transitions into a Bitcoin treasury operation.
The company’s market cap of $504 million now trades below the $663 million value of its 5,765 Bitcoin holdings, creating a discount opportunity.

David Bailey, CEO of newly formed Bitcoin treasury company Kindly MD, cautioned that the firm could be headed for volatility and said he would prefer naysayer investors leave now.

“For those shareholders who have come looking for a trade, I encourage you to exit,” he said in a shareholder letter Monday. “This transition may represent a point of uncertainty for investors, and we look forward to emerging on the other side with alignment and conviction amongst our backers.”

Bailey was referring to the company having submitted its S3 registration to the SEC on Friday, Sept. 12. The $200 million private investment in public equity offering,(PIPE) or PIPE, deal that the company used to raise funds offered shares to investors at a discount. Those investors were restricted from selling shares until the S3 was registered. TAnd now that it has been, those new shares are now freely tradeable on the open market.

Many investors who were feeling uneasy about Kindly MD, which trades on the Nasdaq under the NAKA ticker, have indeed headed for the exits. The company’s shares plummeted more than 54% to trade at $1.26.

This is the lowest the stock has been since February. And trading volume has reached above 89 million shares, which is the highest it’s been since an seemingly unexplained rally on February 12, when the company saw 219 million shares change hands before the closing bell, according to Yahoo Finance.

“Almost 80 million shares have traded today,” Bailey wrote on X. “Once again I’m humbled by the support and look forward to meeting all our new shareholders!”

In November 2024, the company closed below $1 more often than now, according to Yahoo Finance data. Nasdaq rules specify that if a company’s shares close below a dollar for 30 consecutive days, it will ’ll be issued a warning and given 180 days to remedy the situation. Things didn’t go that far for NAKA, but it’s happened to other treasury companies.

Kindly MD did not immediately respond to a request for comment from Decrypt.

Almost 80m shares have traded today. Once again I’m humbled by the support and look forward to meeting all our new shareholders!

Meeting with PIPE investors throughout the week as well. Most I’ve known for many years and I expect to ride with us for the long term. Cannot…

— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) September 15, 2025

The publicly traded healthcare company completed its merger with Nakamoto Holdings, a Bitcoin-native holding company, a month ago. As part of the deal, Nakamoto Holdings became a wholly owned subsidiary of Kindly MD and is charged with operating the Bitcoin financial services line of business under the Nakamoto brand, according to a press release.

At the time of writing, the company’s current mNAV, has fallen to 0.75, according to Bitcoin Treasuries. The mNAV is the ratio between a company’s market cap and the value of the Bitcoin or other assets it holds. So that means its $504 million market capitalization is smaller than the value of its 5,765 Bitcoin, which is worth about $663 million at the current BTC price.

“We are more than just a healthcare company with a Bitcoin treasury,” Bailey wrote in his letter. “Our mission is to build the defining Bitcoin-native financial institution.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 16, 2025 0 comments

Crypto Trends

Helius Shares Pump 141% Amid $500 Million Raise for Solana Treasury

by admin September 16, 2025

In brief

Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury.
The firm’s stock price rose by more than 141% as of the close of trading Monday.
Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius.

Medical devices manufacturer Helius Medical Technologies has raised $500 million through a private placement in public equity (PIPE) to create a Solana treasury, the company announced on Monday, part of a growing list of Nasdaq-traded companies shifting their focus to accumulate SOL.

Venture capital firms Pantera Capital and Summer Capital led the offering, which also included Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital, among others. The offering is expected to close on or around Thursday.

“We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built,” said Dan Morehead, founder and managing partner of Pantera Capital.

The announcement follows closely after several others in recent months involving Solana treasuries as companies—many of them struggling—seek ways to benefit from the surge in digital asset markets. Their efforts have, in turn, helped fuel the rally in crypto prices this year. Solana was recently trading at $233, up nearly 60% over the past three months.

A Myriad market showed that investors are upbeat about Solana, with 90% of them saying it would sooner rise to $250 rather than sink to $130.

(Disclosure: Myriad is a prediction market and engagement platform developed by DASTAN, parent company of an editorially independent Decrypt.)

Helius shares closed at $18.27, up about 141% in Monday trading, regaining a small portion of ground it has lost over the past year. HSDT hit over $772 last December.

Participants in the PIPE, which Helius said was “oversubscribed,” purchased common stock (and/or pre-funded warrants to purchase shares) for $6.81 and stapled warrants to buy shares with an exercise price equal to $10.13 per stapled warrant. Investors can exercise the stapled warrants for three years from the issue date.

Stapled warrants are contractual agreements that are tied to another security and cannot be exchanged or sold alone. Companies use them to make an offer more inviting for investors.

The announcement led to a humorous moment when Mert Mumtaz, the CEO of Helius—an unaffiliated provider of infrastructure and tooling for Solana developers—wrote on Twitter that he had received more than 50 messages assuming his company was responsible for the treasury.

some personal news

No, in all seriousness, I’m not involved with this at all — the name is yet another coincidence.

The universe is quite literally trolling me at this point

Again: I am not involved, neither is @heliuslabs nor Helium nor Helio nor Heliux nor Helicopter https://t.co/u0HbDs0ydr

— mert | helius.dev (@0xMert_) September 15, 2025

“I’m not involved with this at all,” the prominent Solana ecosystem personality noted, adding: “The universe is quite literally trolling me at this point. Again: I am not involved, neither is Helius Labs nor Helium nor Helio nor Heliux nor Helicopter.”

On Monday, medical design firm Forward Industries completed its first major Solana acquisition, becoming the largest publicly traded Solana treasury after amassing nearly $1.6 billion worth of SOL.

Last week, Canada-based SOL Strategies started trading on the Nasdaq Exchange, increasing its exposure to investors beyond the Canadian Stock Exchange and OTC markets. The firm has about $100 million worth of SOL in its treasury, though users have pledged a much larger tally to its network validator business. Based on its August business update, SOL Strategies now has 3.6 million SOL delegated to its validators, or greater than $820 million in assets under delegation.

Earlier this month, medical device packaging company Sharps Technology announced the acquisition of 2 million Solana, creating a $400 million treasury. Over the past three weeks, DeFi Development Corp, previously known as Janover—a real estate financing platform turned AI services firm—has added more than 603,000 SOL, bringing its tally above 2 million SOL.

Consumer products manufacturer Upexi now also holds more than 2 million Solana, nearly tripling its total, after multiple SOL purchases since June. And Classover, an edtech company, announced in June that it had purchased about 6,500 SOL as the first step in a plan backed by a $500 million convertible note program dedicated to acquiring and staking SOL.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 16, 2025 0 comments

NFT Gaming

Figure Shares Jump 24% From IPO Price in Crypto Lender’s Nasdaq Debut

by admin September 14, 2025

In brief

Figure shares closed 24% above their IPO price at $31.11 on Thursday.
The company uses a blockchain-based platform to facilitate loans.
Analysts foresee the IPO advancing tokenization narratives in the mainstream.

Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall Street.

The firm’s stock price rose to $31.11, a 24% gain compared to its boosted IPO price of $25, according to Yahoo Finance. That gave it a valuation of $6.58 billion. Figure shares initially changed hands at $36 apiece.

Figure CEO Michael Tannenbaum told Decrypt that the company is showing Wall Street how blockchains can be used to create more efficient markets for real-world assets, while also helping investors better grasp concepts like tokenization.

Figure uses a blockchain-based platform to facilitate loans, and it collapses a process that takes most competitors a month and a half to complete into a handful of days, he said. It usually costs someone $12,000 to take out a mortgage, but Figure’s platform can do it for $1,000, he added.

“Those are like real savings for consumers, and I think it’s a great example of using some of the principles of blockchain,” Tannenbaum said. “There’s a lot of great blockchain companies out there, but I think we’re unique, in that people can really see our results in the real world.”

Figure’s platform has $11.7 billion in outstanding loans, serving as the largest market for private credit on-chain, per data from RWA.xyz. Established in 2018, the firm says it has originated $16 billion in loans alongside its partners since inception.

Figure’s IPO could advance narratives around tokenization among traditional investors, according to Gerry O’Shea, head of global market insights at crypto asset manager Hashdex. The interest in Figure’s Nasdaq debut speaks to that, he told Decrypt.

“Investors are demonstrating a belief that digital assets will disrupt some of more traditional financial services,” he said. “It’s part of a longer-term narrative that we’re starting to see more investors appreciate: This technology isn’t going away.”

Some IPOs have already shaped narratives this year. Stablecoin issuer Circle debuted on the New York Stock Exchange in June, and its stock price initially soared. At the time, analysts viewed it as one of the only ways for investors to gain exposure to the emergent sector.

“Investors are looking at utility over speculation with excitement about Figure’s cash-flowing, real-world credit platform that is blockchain-enabled,” Bitwise Senior Investment Strategist Juan Leon told Decrypt, noting that the pop lands during “the busiest U.S. IPO week since 2021.”

The recent passage of the GENIUS Act, a federal framework for stablecoins, also removed key policy overhangs for crypto payments, tokenized credit, and capital-markets rails, he said.

On Thursday, Figure became the ninth major crypto firm to go public in the U.S. this year, but investors won’t have to wait long for another. The Winklevoss brothers will have a chance to ring the Nasdaq’s opening bell when crypto exchange Gemini goes public on Friday.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 14, 2025 0 comments