Gemini IPO raises $425 million in the firm’s initial public offering, reaching the hard cap for expected proceeds that was set at the beginning for the oversubscribed crypto firm’s Nasdaq IPO. According to Bloomberg, Gemini IPO sold around 15.2 million…
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Ethena withdraws from Hyperliquid’s USDH stablecoin issuance competition [btcmanager]
Ethena Labs has stepped back from Hyperliquid’s USDH stablecoin issuance competition after acknowledging community concerns about its position as a non-native team. According to a Sept. 11 post on X by Ethena (ENA) founder Guy Young, the decision follows direct…
Ethena withdraws from Hyperliquid’s USDH stablecoin issuance competition [btcmanager]
Ethena Labs has stepped back from Hyperliquid’s USDH stablecoin issuance competition after acknowledging community concerns about its position as a non-native team. According to a Sept. 11 post on X by Ethena (ENA) founder Guy Young, the decision follows direct…
World Liberty Financial proposes using 100% of liquidity fees for token buyback and burn [btcmanager]
World Liberty Financial has introduced a new proposal to direct all fees from its protocol-owned liquidity toward open-market buybacks and permanent token burns. The proposal, submitted by World Liberty Financial (WLFI) on Sept. 12, aims to restore investor confidence after…
World Liberty Financial proposes using 100% of liquidity fees for token buyback and burn [btcmanager]
World Liberty Financial has introduced a new proposal to direct all fees from its protocol-owned liquidity toward open-market buybacks and permanent token burns. The proposal, submitted by World Liberty Financial (WLFI) on Sept. 12, aims to restore investor confidence after…
BlackRock plans to tokenize ETFs after Bitcoin ETF boom and BUIDL success [btcmanager]
BlackRock is preparing its next big step in digital finance with plans to tokenize exchange-traded products. BlackRock is weighing plans to tokenize ETFs, expanding its push into blockchain-based investment products after the success of its spot Bitcoin (BTC) ETF and…
Figure stock pops after IPO, but Klarna, Circle, Bullish crash call for caution [btcmanager]
Figure stock price surged by over 44% after its initial public offering, pushing its market capitalization to over $7.8 billion. Figure stock jumps after IPO Figure Technologies shares were trading at $32 at press time, down from the intraday high…
Gemini IPO demand forces $425m hard cap after 20x oversubscription [btcmanager]
Gemini’s Nasdaq debut drew so many orders that the exchange reportedly capped proceeds at $425 million. The move breaks with IPO convention and shows both intense demand for crypto listings and a rare note of restraint from the Winklevoss-led firm.…
XRP price coiled for breakout as first U.S. spot ETF nears launch [btcmanager]
The XRP price recovery stalled at the key resistance level of $3 as traders awaited the first launch of a spot XRP exchange-traded fund on Friday, Sept. 12. Rex-Osprey XRP ETF set to launch on Sep. 12 The XRP price…
PENDLE price breaks above $5 as volume spikes 35% [btcmanager]
Pendle price jumped more than 5% to break above the $5 level amid a notable surge in daily volume, and marched to a new all-time high in total value locked. With top cryptocurrencies taking a cue from broader risk asset…