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$ZK LONG ENTRY: 0.06890-0.06800 TP: 0.06980✅ 0.07070✅ #ETH5kNext? #CPIWatch #longsignal
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CoinDesk owner Bullish prices IPO above range to raise over $1.1 billion cryptocurrency exchange operator that counts billionaire Peter Thiel amongst its backers, said its U.S. initial public offering was priced above its indicated range at $37 per share. The offering raised $1.11 billion for Bullish based on 30 million shares sold and valued the company at $5.41 billion. Bullish was earlier aiming to price its offering between $32 and $33 per share. The share sale comes as IPOs are bouncing back following a dry spell for U.S. equity capital markets that lasted for more than two years. Stablecoin issuer Circle Internet (CRCL.N), opens new tab upsized its initial IPO in early June on strong investor demand and its shares have increased more than 400% since then. Shares of design software maker Figma (FIG.N), opens new tab surged 250% in its market debut just over two weeks ago. With its listing, Bullish joins a burgeoning list of crypto players that have tapped public markets this year, buoyed mainly by crypto-friendly regulations under the #Trump administration In July, U.S. President Donald Trump signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as #stablecoins , marking a huge win for crypto supporters who have long lobbied for such a regulatory framework in a bid to gain greater legitimacy for an industry that began in 2009 as a digital Wild West famed for its innovation and speculative chaos. Bullish, which is led by former New York Stock Exchange president Tom Farley, operates an exchange that offers spot crypto trading, futures and derivatives trading, and also owns media outlet CoinDesk. Institutional investors including BlackRock and Cathie Wood's Ark Investment Management have committed to buy upto $200 million worth of shares from Bullish's offering. #JPMorgan , Jefferies, and Citigroup are the lead underwriters for the IPO.#ETH5kNext? #CryptoNews $BTC $ETH $PEPE
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🚨 #CryptoAlert BREAKING #Bitcoin , #Ethereum , #XRP Rise With Stocks. Why Crypto Records May Fall.❣️ 🧨Bitcoin,, BTCUSD+1.61%and other major cryptocurrencies were rising on Wednesday after the latest inflation data raised hopes of a Federal Reserve interest-rate cut next month. 🧨Crypto was benefiting from the same momentum that was pushing up stocks after the consumer price index came in slightly weaker than expected on Tuesday. That gave traders confidence that the Fed could lower borrowing costs by a quarter point at its Sept. 17 decision. Lower rates make risky assets such as stocks and digital assets more attractive relative to lower-yielding investments such as bonds.❣️$BTC $ETH $XRP #ETHRally
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🚨Crypto mogul Do Kwon, known as ‘the cryptocurrency king,’ pleads guilty to fraud charges⚠️ 👉NEW YORK (AP) — South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the $40 billion collapse of a cryptocurrency ecosystem that had promised investors their money was safe. 🧨Kwon, 33, dubbed by some as “the cryptocurrency king,” entered the plea in Manhattan federal court. 🧨According to a plea agreement signed by Kwon and prosecutors, the government said it will not seek a prison term of more than 12 years as long as Kwon complies with the deal’s terms, even though federal sentencing guidelines would have recommended a prison term of about 25 years. Sentencing is set for Dec. 11. 🚨Authorities said investors worldwide lost money in the Singapore crypto firm Terraform Labs’ $40 billion cryptocurrency crash. Kwon co-founded the company in 2018. 🔥The May 2022 collapse came after the company claimed that TerraUSD was a reliable “stablecoin.”TerraUSD was designed as a “stablecoin,” a currency that is pegged to stable assets such as the dollar to prevent drastic fluctuations in prices. However, around $40 billion in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg. 👉Kwon was extradited to the United States on Dec. 31 from Montenegro after his March 23, 2023, arrest while traveling on a false passport in Europe⚠️$BTC $ETH $BNB #REVABinanceTGE #ETH5kNext? #DeFiGetsGraded #CryptoFraudAlert #FraudCase
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# 🚀 Solana Smashes New All-Time High: Gear Up for a Massive 3-Month Bull Run! 🌟
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