🔥The crypto market is witnessing a strong wave of IPOs, most notably the stock issuance of Bullish, a digital asset exchange aiming for a market capitalization of $5.4 billion. This company has significantly raised its IPO price multiple times, indicating great interest from investors, particularly from BlackRock and ARK Investment Management.

Pantera Capital, after accurately predicting Bitcoin's price for 2025, has made a large bet on Digital Asset Treasuries (DATs), companies managing crypto treasury funds, expecting to yield higher returns than merely holding assets. Pantera has invested over $300 million in these companies.

BitMine, the largest Bitcoin mining company, is looking to raise $24.5 billion to acquire more Ether, marking a fierce race before the price of Ether peaks.

Meanwhile, the U.S. banking sector remains firmly opposed to yield-bearing stablecoins. Financial associations are concerned that stablecoin issuers may exploit loopholes in the GENIUS Act to pay interest to holders, threatening the dominance of the traditional banking system.