Bullish company starts the listing process
Bullish, which includes cryptocurrency exchange and media operations, has submitted registration documents to the US SEC and plans to list on the New York Stock Exchange.
This company, established in 2021, has core businesses including the Bullish Exchange and CoinDesk media. Its exchange has a cumulative trading volume exceeding 12.5 trillion USD, and the daily average trading volume broke 2.5 billion USD in Q1 2025. This rush to go public coincides with the recent intensive passage of cryptocurrency-related bills by the US Congress - including the (Guidance and Establishment of the US Stablecoin National Innovation Act) signed by Trump and the (Clarity Act) passed by the House of Representatives, with positive changes in the regulatory environment paving the way.
The top token unlock scale in August is nearly 3 billion USD
Although it has decreased from 6.3 billion USD in July, this month will still see a large-scale token unlock wave, expected to release nearly 3 billion USD. SUI, ENA, APT, ZRO, etc., have become the main forces for unlocking: SUI has unlocked 214 million USD on August 1, ENA unlocked 59.1 million USD on August 2, and APT is set to release 50.3 million USD on August 12.
Market participants remind that concentrated unlocking may have a short-term impact on related token prices and market sentiment.
BTC has become a hot topic, with institutions and strategic reserves as key drivers.
Analysts generally hold an optimistic attitude towards BTC's performance in 2025, predicting it is likely to test or even break through 185,000 USD by the end of the year. This expectation is supported by multiple factors, including institutions continuously increasing their positions, companies hoarding coins, and national strategic reserves - the Trump administration's proposal to establish a BTC strategic reserve has drawn global attention, and the market speculates that G7 and BRICS countries may follow suit.
However, some viewpoints point out that BTC's recent performance has been relatively weak, in stark contrast to ETH's strength, resulting in a clear market differentiation.
XRP price bullish expectations heat up
XRP performed brilliantly in 2025, having reached a yearly high of 3.65 USD on July 18. With the SEC's formal end to its investigation in March 2025, the regulatory shadow has dissipated, and market confidence continues to recover.
There are also rumors that a spot ETF based on XRP may be launched, which would bring incremental funds if realized. Institutions predict that if it can break through the current price range, the conservative target for XRP by the end of the year is 7-10 USD, and ideally could challenge the 20 USD mark.
