JUST IN: ๐บ๐ธ Blockchainโคcom targets IPO at $5B valuation, potentially raising $500M.
โข SEC draft filing submitted confidentially in May.
โข Target valuation down 65% from $14B peak.
๐ Is there appetite for more crypto IPOs?
JUST IN: ๐บ๐ธ CFTC approves Coinbase to clear select crypto derivatives directly in-house.
License covers fully prepaid futures with no leverage, while existing contracts keep using Nodal Clear.
๐ The gap between TradFi and crypto is closing fast.
JUST IN: Robinhood daily crypto trading volume up 24% in September vs. prior month ๐
$7B at Robinhood and $10B at Bitstamp until Sept. 24
Retail and institutional volumes are picking up!
JUST IN: Spain confirms self-custody crypto holdings are exempt from foreign asset disclosures.
+ Assets bought and fully sold on foreign exchanges within the same year require no filing.
JUST IN: ๐บ๐ธ Founder of $300B fund, Ric Edelman, justifies a 10% to 40% allocation to Bitcoin.
"The 40%-60% portfolio is dead because we're living so much longer."
"Advisors have no incentives to risk a relationship for a 1% allocation."
JUST IN: ๐บ๐ธ IRS targets in-kind redemption loophole used to bypass capital gains tax.
Investors use custom ETF transactions to swap appreciated assets completely tax-free.
JUST IN: Gold and silver market capitalization lost a combined $1 trillion today.
That equals 60% of Bitcoin's total market cap.
We're still VERY early!
JUST IN: China spy agency calls crypto "accomplices" in foreign espionage operations
โข Warns crypto anonymity is an illusion.
โข Claims foreign spies pay agents via crypto.
JUST IN: Strive bought 1,107 Bitcoin past week, worth $92M
โข 85% capital raised from preferred share sales
โข Total holdings at 27,462 BTC worth $2.3B
$ASST
JUST IN: Michael Saylor's Strategy bought 1,665 Bitcoin past week worth $246M
- Holds total 847,666 BTC
- Repurchased $151M of STRC preferred shares
- Total cash position stood at $6B
$MSTR
JUST IN: Bitget says clients will be made whole after $387M hack
โข Claims Protection Fund covers all losses fully.
โข BTC withdrawals resume Sep 28, others by Oct 2.