CoinDesk

Bullish, the operator of an institutional-grade digital asset exchange and owner of CoinDesk, has raised its IPO target by nearly 60% to $990 million, according to SEC filings cited by Bloomberg.
The company plans to sell 30 million shares at $32–$33 each, potentially valuing it at around $4.8 billion — up from its earlier $4.2 billion goal. The IPO will be led by JPMorgan, Jefferies, and Citigroup, with institutional investors including BlackRock and ARK Investment Management signaling participation.
Bullish expanded into crypto media in November 2023 with its $72.6 million acquisition of CoinDesk from Digital Currency Group. In its updated prospectus, the company cited surging institutional adoption by firms such as BlackRock, Fidelity, JPMorgan, and Goldman Sachs as a key driver for going public.
The move follows a broader wave of crypto IPOs, including stablecoin issuer Circle’s $1 billion debut earlier this year, which pushed its market cap to $41 billion and share price up 140% since listing.
Beyond IPOs, institutional appetite for digital assets is accelerating, with growing inflows into spot Bitcoin and Ether ETFs, corporate treasuries adding crypto, and university endowments and pension funds seeking exposure. Bitbo data shows that ETFs and companies now collectively hold over 13.5% of the total Bitcoin supply. 

[위클리블록체인] 코인데스크 소유사 불리시, IPO 목표 10억 달러로 상향… 월가가 암호화폐 시장 확대 지원
디지털 자산 거래소 운영사 불리시(Bullish)가 기업공개(IPO) 목표 금액을 기존보다 약 60% 높인 9억 9,000만 달러로 조정했다. 이는 암호화폐 관련 주식에 대한 투자자들의 관심이 다시 고조되고 있음을 반영한 것으로 보인다.
블룸버그와 미국 증권거래위원회(SEC) 공시에 따르면, 불리시는 주당 32~33달러에 3,000만 주를 발행할 계획이며, IPO가 성공할 경우 시가총액은 약 48억 달러에 달하게 된다. 이는 8월 초 설정한 42억 달러 목표에서 크게 상향된 수치다.
이번 IPO는 JP모건, 제프리스, 씨티그룹 등 월가 주요 투자은행들이 주관하며, 블랙록(BlackRock)과 아크인베스트(ARK Investment Management) 산하 기관투자자들도 참여 의사를 밝혔다.
불리시는 기관급 디지털 자산 플랫폼 운영뿐 아니라, 2023년 11월에는 7,260만 달러에 디지털 커런시 그룹(DCG)으로부터 코인데스크(CoinDesk)를 인수하며 암호화폐 미디어 분야로도 확장했다.
기관투자 확대와 암호화폐 IPO 열기
불리시의 IPO 결정은 블랙록, 피델리티(Fidelity), JP모건, 골드만삭스 등 전통 금융기관이 디지털 자산 시장 참여를 늘리는 가운데 나왔다. 올해 초에는 스테이블코인 발행사 서클(Circle)이 IPO를 통해 10억 달러 이상을 조달하며 성공적으로 상장했다. 서클의 시가총액은 현재 약 410억 달러로, 주가는 상장가 대비 약 140% 상승했다.
최근 비트코인과 이더리움 현물 ETF로의 자금 유입이 증가하고, 상장사들이 기업 재무에 디지털 자산을 편입하는 사례가 늘고 있다. 비트보(Bitbo)에 따르면, ETF와 상장·비상장 기업이 보유한 비트코인 물량은 전체 공급량의 13.5%를 넘어섰다.

#CoinDesk #CryptoIPO #BitcoinETFs #EthereumETF

Recently, the Hong Kong government announced the event calendar for the first half of next year. Hong Kong's Deputy Financial Secretary, Huang Weilun, stated at a press conference that there will be at least 93 major events in the first half of next year, of which 14 will span this year, expected to attract 840,000 visitors, an increase of over 50% year-on-year, and is expected to bring in HKD 3.3 billion in consumption and HKD 1.8 billion in economic added value, representing an increase of 40% and 30% year-on-year, respectively.
These at least 93 events occurring in the first half of 2025 can be simply categorized into five categories. The largest number is cultural, artistic, and creative projects, with 30; followed by conferences and exhibitions, with 26; sports events with 15; and festivals, celebrations, performances, and carnivals with 12; financial, economic, and innovation-related events with 10.

The cryptocurrency market is having a volatile week as Bitcoin (BTC) continues to weaken, dragging major altcoins such as Cardano ($ADA ), Solana ($SOL ), Binance Coin (BNB), and Ethereum ($ETH ) down in price. Investors are now focusing on US economic data and the inauguration of President Donald Trump, which are expected to have a major impact on the market.
Cardano Leads the Downtrend

Pakistan, one of the largest remittance-receiving countries in the world, is considering using blockchain technology to revolutionize the process of transferring money from abroad. According to Bilal bin Saqib, senior advisor to the Finance Minister and member of the newly established Pakistan Cryptocurrency Council (PCC), blockchain could be the key to reducing costs and speeding up transactions. Could this move help Pakistan tap into the enormous economic potential from its overseas labor community?

Pakistan is embarking on a transformative journey to integrate cryptocurrency and blockchain technology into its national economic framework. This initiative is spearheaded by the newly established Pakistan Crypto Council (PCC), led by Chief Advisor to the Finance Minister, Bilal Bin Saqib.Bitcoin $BTC
agazine+14CoinDesk+14Reddit+14

A cornerstone of this strategy is the creation of a national Bitcoin reserve, inspired by similar moves in the United States. The reserve will consist of Bitcoin holdings from criminal and civil forfeitures, with a policy of long-term retention rather than speculative trading. This approach aims to establish Bitcoin as a strategic asset within Pakistan's financial system.

To support this digital infrastructure, Pakistan has allocated 2,000 megawatts of electricity for Bitcoin mining and artificial intelligence data centers. This move addresses the country's surplus electricity capacity and is expected to attract foreign investment, create high-tech employment opportunities, and foster economic growth. Reuters

The PCC is also working towards formalizing cryptocurrency regulations to provide a clear legal framework for digital assets. This includes exploring blockchain-based solutions for remittances, which could streamline the process and reduce costs for the significant Pakistani diaspora. Business Recorder+7The Express Tribune+7Profit by Pakistan Today+7CoinDesk

With over 60% of its population under the age of 30, Pakistan is positioning itself to become a hub for blockchain and Web3 innovation. The government's proactive stance on cryptocurrency and blockchain technology reflects a commitment to embracing digital transformation and fostering a more inclusive financial ecosystem.#CoinDesk

Ripple’s XRP has climbed back above $3.50 for the first time in several weeks, trading at approximately $3.55 as of this morning, with a 24-hour volume of nearly $17.1 billion . That surge represents an 11 % gain in the last day and over 36 % for the week, signaling renewed conviction among both retail and institutional players.
#coindesk

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Whales Are Quietly Accumulating

On-chain data shows that large XRP addresses have withdrawn significant balances from exchanges over the past 48 hours. When supply is moving off-platform, it often means traders intend to hold rather than flip for a quick profit. This pattern mirrors the behavior seen during Ripple’s March announcement as part of the U.S. strategic crypto reserve—only now, it’s happening without fanfare, suggesting seasoned investors are positioning ahead of any regulatory news.

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ETFs, Renewed Optimism, and Court Clarity

The optimism isn’t isolated. Spot ETF flows into XRP­-related products have ticked up modestly following September’s court ruling, which clarified aspects of XRP’s status under U.S. securities law. While no new ETF launched this week, traders are front-running what they believe could be the next approval—especially if the Clarity Act gains traction in Washington.

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Community Buzz and FOMO

Scroll through social channels, and you’ll see threads like “XRP back on track” and “Did you miss this run?” Fresh “I bought the dip” posts abound, with newcomers urging each other to “hold for the next leg.” That grassroots buzz, combined with volume spikes, creates a self-reinforcing cycle: more buyers drive price, and higher price attracts more chatter.

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What Comes Next

Support zone: Watch whether XRP can stay above $3.40—holding here would confirm the recent breakout.

Volume trend: Sustained 24-hour volumes above $15 billion indicate genuine interest; a drop below $10 billion could suggest a quick cooldown.

Regulatory signals: Any news on stablecoin or token clarity bills in Congress might accelerate the next move.

Through the lens of today’s activity, XRP’s latest rally feels less like a random pump and more like a coordinated pre-positioning ahead of expected catalysts. Whether this momentum holds or peters out will revea
l just how deep the conviction runs.

#AltcoinBreakout #AltcoinSeasonLoading #PowellVsTrump