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Crypto exchange Gemini is set to go public with an initial public offering (IPO), following a trend of successful public debuts by other crypto firms like Circle, Bullish, and Figure. The company, co-founded by the Winklevoss twins, will trade on the Nasdaq under the ticker "GEMI." Initially, Gemini plans to offer 16.67 million shares at a price between $24 and $26, which could raise around $433 million for the company. The offering has reportedly been massively oversubscribed, indicating strong investor demand for crypto-related stocks.
Gemini's IPO filing reveals that its primary revenue source is trading fees, which accounted for nearly 70% of its total revenue in 2024. Despite generating significant revenue, the company also reported a net loss of $158.5 million last year and a further loss of $282.5 million in the first half of the current year. To improve profitability and grow its user base, Gemini aims to use the IPO proceeds to expand its product offerings, including derivatives, and to grow internationally. Source
According to a report from Coinbase, the era of "easy money" for companies with crypto treasuries has ended. Early adopters like Strategy enjoyed significant premiums, but increased competition and market maturity have led to a compression of their multiple of Net Asset Value (mNAV). Success for these digital asset treasuries will now depend on strategic execution and differentiation, rather than simply replicating the playbook of the first movers. This new "player-versus-player" stage could be beneficial for the broader crypto market by channelling more capital into the space.
The Coinbase report also offers a positive outlook for crypto markets in the fourth quarter. It dismisses the so-called "September effect," which has historically seen Bitcoin prices drop, as an unreliable trading indicator. The researchers at Coinbase expect the Federal Reserve to implement rate cuts in its upcoming meetings. They anticipate these cuts, combined with existing economic factors and a favourable regulatory environment, will provide strong support for a continued bull run in the crypto markets. Source
Bitcoin recently reached a 19-day high, with its price briefly exceeding $116,000. This increase is primarily attributed to a combination of favourable macroeconomic factors, including a lack of significant profit-taking and cooler-than-expected inflation data in the United States. Analysts point to the recent decline in the U.S. Producer Price Index as a key driver, which has heightened market expectations for a Federal Reserve interest rate cut. This anticipated rate cut, along with a decrease in selling pressure from investors, has fuelled a bullish sentiment in the cryptocurrency market.
Experts are optimistic about Bitcoin's future performance, projecting a potential "big surge" and new all-time highs by the end of the year. This positive outlook is further supported by a notable increase in inflows into Bitcoin ETFs. While Bitcoin has shown strong performance, the article notes that major altcoins like Ethereum and Solana have not experienced the same level of growth, although some specific cryptocurrencies like Dogecoin and Hyperliquid have seen significant gains. Source
According to Mike Novogratz, CEO of Galaxy Digital, Bitcoin is currently in a period of consolidation, or sideways trading, because institutional investors and companies are shifting their focus to acquiring altcoins for their treasuries. He cites examples of companies like BitMine Immersion Technologies, which has been accumulating Ether, and Forward Industries, which is launching a Solana-focused treasury strategy. Novogratz believes this trend of corporations investing in various crypto assets is bringing new money and energy into the wider digital asset space, even as Bitcoin's price remains relatively stable.
Novogratz predicts that a significant upswing for Bitcoin is likely by the end of the year. He attributes this potential surge to a few key factors, including the anticipated interest rate cutting cycle by the U.S. Federal Reserve and positive regulatory developments. He specifically mentions the SEC's chair discussing modernizing regulations and Nasdaq's filing to allow tokenized versions of stocks and ETFs, which he says will help move markets onto the blockchain. Novogratz concludes that the crypto market is evolving from a narrative-driven space to one with practical applications and infrastructure, with various blockchains coexisting and bringing in a new wave of capital. Source
Chainlink, UBS, and DigiFT have launched a pilot program in Hong Kong to create a regulated, blockchain-based infrastructure that automates the management of tokenized products. This initiative is part of Hong Kong's Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, a government-backed sandbox for testing new crypto innovations. The goal is to eliminate manual errors and streamline the entire lifecycle of tokenized funds, from distribution and settlement to management. The process involves investors submitting requests for UBS's tokenized products via DigiFT's smart contracts, which are then processed by Chainlink's Digital Transfer Agent contracts, verifying and recording the orders directly on the blockchain.
This automation is expected to increase efficiency and reduce costs for fund operators, with potential benefits passed on to investors. The project also highlights the growing momentum of Real-World Asset (RWA) tokenization, with the market cap for RWA coins trending upward in 2025 and institutional alternative funds showing significant growth. By integrating the regulated infrastructure of DigiFT, the tokenization services of UBS, and Chainlink’s blockchain oracle technology, the partnership aims to create a transformative model for institutional fund distribution that is secure, transparent, and compliant with regulatory standards. Source
Markethive is a "market network" designed as a decentralized ecosystem that champions freedom of speech, privacy, and financial sovereignty. It is built on a blockchain-driven distributed database, making it resistant to censorship and single points of failure that are common in centralized platforms. The platform's core mission is to provide a sanctuary for users and businesses to interact, broadcast messages, and conduct e-commerce without fear of suppression. It offers a suite of tools for entrepreneurs and artists, including "supergroups" for business and a broadcasting system that allows content to reach a global audience.
The platform's technical framework includes its own cryptocurrency, Hivecoin (HVC), which serves as the primary medium of exchange, rewarding user contributions and facilitating peer-to-peer transactions. Markethive's Bill of Rights guarantees that users have full ownership of their data and content, and the platform explicitly states that it does not engage in practices like targeted advertising or algorithmic manipulation of feeds. To navigate the censorship of mainstream social media, Markethive uses a strategy of "opaque summaries" for its content, which directs viewers back to its own secure, uncensored network, ensuring that user-generated content remains safe from external deletion attempts. Source
The security firm Mosyle has identified a new cross-platform malware named ModStealer, which has been found to be undetectable by major antivirus software. This malicious program spreads through fake job advertisements and specifically targets developers, using a tactic that takes advantage of their likely use of Node.js environments. Once executed, it can steal data from browser-based cryptocurrency wallets across Windows, Linux, and macOS systems. The malware's stealthy nature allows it to operate unnoticed for extended periods, and it uses methods such as disguising itself as a background helper program to ensure it runs every time the infected computer starts.
ModStealer works by scanning the infected system for browser extensions related to crypto wallets, as well as system credentials and digital certificates. It then exfiltrates this stolen data to remote "Command and Control" servers. Security experts warn that this malware poses a significant threat, as the compromise of private keys, seed phrases, and exchange API keys can lead to direct financial loss for users. The ability of the malware to go undetected for nearly a month highlights its resilience against traditional security tools that rely on signature-based detection. Source
Approximately 29,500 Bitcoin options contracts, with a total value of around $3.4 billion, are set to expire, alongside 190,000 Ethereum contracts worth $858 million. This combined options expiry totals roughly $4.25 billion. Analysts believe this specific event will likely have no significant impact on the spot market, mirroring a similar expiry from the previous week. The put/call ratio for the Bitcoin options is 1.3, indicating that a greater number of short contracts are expiring compared to long contracts, suggesting an increase in bearish sentiment.
Despite the expiration of these contracts, the overall crypto market is showing signs of recovery. Bitcoin's price has recently risen to a three-week high of over $116,000, and Ethereum has also seen a gain, reaching a two-week high. The total crypto market capitalization has climbed back above $4 trillion. Open interest in Bitcoin futures has also rebounded towards all-time highs, reflecting a growing level of market activity. Source
Crypto exchange Bitstamp, recently acquired by Robinhood, saw its trading volume surge to $14.4 billion in August, a 21% increase from the previous month. This marks the first time its volume has surpassed that of its parent company, as Robinhood’s crypto trading volume simultaneously dropped by 18% to $13.7 billion. Robinhood's acquisition of Bitstamp, completed on June 2, 2025, was valued at $200 million and was intended to expand Robinhood's institutional and international reach.
Although the combined crypto trading volumes for both platforms saw a slight decline in August, Robinhood's total assets under custody increased by 2% to $304 billion. The stagnant market is attributed by experts to the summer holiday season and a general wait-and-see sentiment among traders for clearer macroeconomic signals, such as interest rate decisions. Despite this, some analysts are optimistic, forecasting a rise in overall trading volume and new market highs before the end of the year, driven by increasing institutional adoption. Source
The native token of Ondo Finance has experienced a significant price surge this week, gaining over 21% as investor interest in tokenized assets grows. This increase is partly fueled by news that BlackRock, the world's largest asset manager, is planning to introduce exchange-traded funds (ETFs) on public blockchains, lending credibility to the tokenization of real-world assets. The recent launch of Ondo's Global Markets platform, which tokenizes over 100 U.S.-listed stocks and ETFs on Ethereum, has also contributed to the token's rally.
The protocol's total value locked (TVL) has nearly tripled this year, reaching $1.57 billion. An analyst from Fischer8 Capital believes the long-term outlook for Ondo remains positive, citing the project's regulatory framework and the strong early traction of its Global Markets platform. This momentum suggests that the tokenization of traditional assets is a growing trend with the potential for substantial growth and fee generation for platforms like Ondo. Source
In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind XRP, alleging that it had sold over $1.3 billion worth of unregistered securities. This legal action caused XRP’s value to plummet and led to its delisting from many exchanges. After a protracted legal battle, a pivotal ruling in July 2023 provided a partial victory for Ripple, classifying XRP as a non-security when sold on public exchanges, while still deeming institutional sales as unregistered securities. The SEC and Ripple officially ended their appeals in August 2025, providing a landmark legal clarity for XRP.
The conclusion of the lawsuit has transformed XRP's public image, moving it from a regulatory risk to an asset with clear judicial validation in the U.S. This legal clarity gives XRP a distinct advantage over competitors like Bitcoin and Ethereum, which rely on informal guidance from the SEC. The case also galvanized the "XRP army," a community of supporters who actively contributed to the defense, fostering a strong and committed user base. With the lawsuit behind them, Ripple can now focus on global expansion, technological development, and new ventures like its stablecoin. Source
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
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