The cryptocurrency exchange Bullish experienced a notable debut on the New York Stock Exchange (NYSE) on Wednesday, opening at $90 per share—a 143% increase from its initial public offering (IPO) price of $37. According to CNBC data, the stock, trading under the ticker name BLSH, quickly attracted attention, reaching a halt at around $102.44 per share. This signals strong investor interest in the digital asset sector, as firms are increasingly flocking to go public under a new regulatory dawn in the US. Bullish Prices IPO Above Expectations Bullish priced its IPO significantly higher than the anticipated range of $32 to…
Author: ₿e Proud
Key Takeaways Dunamu and MB Bank are joining forces to launch Vietnam’s first regulated crypto exchange. Vietnam’s new Digital Technology Industry Law legalizes digital assets and enables a formal market. Share this article Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has joined forces with Military Commercial Joint Stock Bank (MB), Vietnam’s leading state-linked bank operating under the Ministry of National Defense, to establish the nation’s first local digital asset exchange.At the Vietnam-Korea Business Forum in Seoul this week, the two parties formalized a Memorandum of Understanding (MoU). As part of the agreement, Dunamu is set to…
Wealth management firm Choreo today disclosed that it has invested approximately $6.5 million in various spot Bitcoin (BTC) exchange-traded funds (ETFs). Per official details, the firm manages over $27 billion in total assets. Choreo Reveals Exposure To Bitcoin ETF According to a new filing with the US Securities and Exchange Commission (SEC), Choreo LLC now holds stakes in multiple Bitcoin ETFs. Its largest position is in BlackRock’s iShares Bitcoin Trust ETF (IBIT), with 51,679 shares valued at more than $3 million as of June 30. The firm also holds 22,976 shares of the Grayscale Bitcoin Trust ETF (GBTC), worth around…
Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg. Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and that the SEC plans to use its existing authority to clarify how securities laws apply to tokens and on-chain trading. That means rules could shift from internal memos or staff letters rather than new federal statutes alone. Project Crypto Moves Forward According to comments from the SEC, Chair Paul Atkins launched a program called Project Crypto to bring securities…
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect holdings of Bitcoin to 7,161 BTC, valued at approximately $862.8 million as of June 30, according to new analysis from K33. This represents an 87.7% rise in the last six months and a 192.7% increase over the past year. The gains stem largely from the fund’s positions in companies with significant Bitcoin treasuries, including Strategy, Block, Coinbase, Marathon Digital Holdings (MARA), and Metaplanet. K33 Head of Research Vetle Lunde explained that the calculation is based on NBIM’s shareholdings in these firms, multiplied by the amount…
Key Takeaways Justin Sun challenges Bloomberg over intent to publish sensitive financial information. The lawsuit centers on alleged violations of confidentiality agreements and concerns over personal security risks. Share this article TRON founder Justin Sun filed a lawsuit against Bloomberg in Delaware federal court, seeking to block the media company from publishing a detailed breakdown of his crypto holdings.The lawsuit, filed August 1, 2025, arose after Bloomberg sought to include Sun in its Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest individuals, according to software engineer and crypto researcher Molly White, who first shared the filing.Sun claims he…
Bitcoin treasury firm Metaplanet has just delivered its strongest quarter ever, with revenue rising by 41% compared to the previous quarter. Metaplanet Has Seen A Sharp Flip In Net Income In a new post on X, Metaplanet has shared the numbers related to its Q2 2024 performance, revealing significant quarter-over-quarter growth in several key metrics. The Japanese company recorded a revenue of ¥1.239 billion ($8.4 million) and gross profit of ¥816 million ($5.5 million), up 41% and 38% compared to the last quarter, respectively. The bigger story, however, is the dramatic turnaround in ordinary profit and net income. The former…
As Ethereum (ETH) trades within strike distances from the all-time high (ATH), chain-on-chain data shows that the second-largest cryptocurrency by market capitalization is experiencing an increase in purchasing pressure. The asset is currently priced in the $4,600 range, weighing just 4% of the ATH. Ethereum Net Daily Outflows has reached 40,000 Over the past month, more than 1.2 million ETH have withdrawn from the crypto exchange, according to a crypto staple Quicktake post by contributor Burakkesmeci. Analysts suggested that Ethereum’s upward trend is likely to continue. Related readings For context, ETH has surged 53.8% last month, highlighting strong purchase pressure…
Ethereum (ETH) is propelling the cryptocurrency market higher, trading at $4,625, just 4% shy of its all-time high of $4,891. The second-largest cryptocurrency has gained close to 30% in the past week, outperforming all other top altcoins. Driving this rally are record-breaking inflows into spot Ethereum ETFs, with $1.54 billion entering in just two days. BlackRock’s ETHA fund leads the charge, surpassing $10.5 billion in assets under management. Institutional accumulation is adding fuel to the fire. BitMine Immersion Technologies announced plans to raise up to $24.5 billion for ETH purchases, aiming to control up to 5% of the total supply.…
Ethereum is on the verge of breaking its all-time high after surging to the $4,700 level, its strongest price since November 2021. Bulls remain firmly in control, with momentum building after weeks of steady gains that have reignited market optimism. The rally has positioned ETH just shy of the $4,860 peak, a breakout point that could usher in a long-awaited price discovery phase. Adding intrigue to the current bullish backdrop, Arkham Intelligence — a blockchain analytics platform known for deanonymizing the individuals and companies behind blockchain wallets and transactions — has uncovered a remarkable story. According to their findings, a…