American Bitcoin, a cryptocurrency mining company co-founded by Eric Trump and Donald Trump Jr., announced plans for an initial public offering through a full stock merger with Gryphon Digital Mining. The combined entity will be listed on Nasdaq.

This move aligns with President Donald Trump's pro-cryptocurrency regulatory stance, which has encouraged similar projects to enter the U.S. capital markets.

In other news, the Financial Times reported on Tuesday that Animoca Brands, a Hong Kong-based cryptocurrency investor, plans to list on the New York stock market.