Vaibhavv Ali
Pyth Network’s (PYTH) price surged by nearly 70% on August 28, reaching a $1 billion market capitalization for the first time since May. This massive rally was triggered by an announcement from the U.S. Department of Commerce that it will use both Pyth Network and Chainlink to publish official economic data on nine different blockchains. … Read more
Luxxfolio, a Canadian crypto infrastructure company, has filed a preliminary shelf prospectus to raise up to CAD$100 million ($73 million). This move is intended to provide the company with financial flexibility as it expands its Litecoin-focused strategy and works to stabilize its balance sheet. The filing will allow Luxxfolio to issue various securities, including shares … Read more
Changpeng Zhao (CZ), the founder of Binance, believes that Hong Kong should increase the number of cryptocurrencies available on its licensed exchanges to remain competitive with global crypto hubs like the U.S. and the UAE. In an interview with the South China Morning Post, Zhao praised Hong Kong’s proactive and positive approach to Web3, stating … Read more
New data reveals that Bitget is solidifying its position as a top-tier crypto exchange, driven by strong institutional adoption and a powerful derivatives market. A recent CoinDesk report highlights Bitget’s impressive growth and trading infrastructure. Key Highlights from the Report: Derivatives Dominance: From November 2023 to June 2025, Bitget’s derivatives trading volume reached a staggering … Read more
Prediction markets are buzzing with speculation about the value of El Salvador’s Bitcoin holdings, with growing odds that the country’s treasury will reach a valuation of $1 billion by the end of 2025. This renewed interest was sparked by President Nayib Bukele, who humorously commented on a market created by Kalshi tracking the milestone. Following … Read more
Bloomberg analyst James Seyffart has reported a record surge in institutional interest in digital assets, with an unprecedented 92 cryptocurrency ETP (Exchange-Traded Product) filings in the U.S. This marks the largest number of such filings to date and signals a potential major expansion of the crypto market. Most of these filings are structured as ETFs, … Read more
The crypto market is anticipating a significant influx of tokens in September, with over $4.5 billion worth of vested tokens scheduled to unlock, according to data from Tokenomist. This new supply will be released in two ways: Cliff unlocks: Roughly $1.17 billion will be released in large, one-time events. These can cause a sharp, immediate … Read more
Cathie Wood’s ARK Invest has significantly increased its investment in Bitmine Immersion Technologies (BMNR), purchasing an additional $15.6 million in shares. This acquisition brings ARK’s total investment in the company to over $300 million. The purchase, which occurred on August 27th, was distributed across three of ARK’s ETFs: ARK Innovation ETF (ARKK): 227,569 shares ARK … Read more
A new special purpose acquisition company (SPAC), Bitcoin Infrastructure Acquisition Corp Ltd, is looking to raise $200 million by offering 20 million shares at $10 each on the Nasdaq under the ticker “BIXIU.” This move is part of a growing trend of crypto firms going public. Based in the Cayman Islands, the SPAC plans to … Read more
21Shares, a crypto investment firm based in Switzerland, has filed a new S-1 registration with the SEC for the 21Shares SEI ETF. This passive fund would track the performance of the CF SEI-Dollar Index. A unique feature of this filing is the inclusion of a staking rewards component. The fund’s sponsor can choose to reflect … Read more