📢 Crypto Daily Roundup – August 19, 2025 📢
🔹 SEC delays key ETF decisions
The U.S. SEC has pushed back rulings on Solana, XRP, and Truth Social–linked ETF applications. Regulatory uncertainty keeps investors cautious.
🔹 Market Pullback after Rally
Bitcoin, Ethereum, and Dogecoin slipped after last week’s highs. Short-term volatility returns as traders digest Fed policy signals and profit-taking.
🔹 Gemini files for Nasdaq IPO ($GEMI)
The Winklevoss twins’ exchange is going public. 📈
$24.8B in trading volume (+50%)
$18.2B in assets (+30%)
$142M in revenue last year… but still reporting heavy losses.
🔹 Figure Technology IPO
Blockchain lender Figure reveals strong turnaround:
Revenue: $191M (+22%)
Profit: $29M (vs. $13M loss last year)
A rare profitable crypto-linked IPO filing.
🔹 Injective launches GPU rental market
First-ever on-chain trading platform for Nvidia H100 GPUs, letting users rent compute power in real time. A big step for blockchain utility beyond DeFi.
🔹 Bahrain’s Crypto Push
The kingdom is in talks with 50+ crypto & fintech firms. Incentives include:
No personal income tax
100% foreign ownership
This escalates the Gulf’s race to become the top crypto hub.
🔹 Lazarus Group hack
UK Treasury accuses the North Korean-linked group of stealing $23M from Lykke exchange.
⚡ Takeaway:
Regulation (ETF delays) is slowing institutional adoption.
IPOs (Gemini, Figure) are bringing crypto firms deeper into traditional markets.
Innovation (GPU rentals, Bahrain expansion) shows blockchain’s next wave is more than just tokens.
💬 Question for you:
Do you think the IPO wave will attract more institutional trust, or will regulatory delays keep slowing the market?
