I have been in this world of cryptos for 3 years, during which I have nourished myself and I want to share what I would have liked to know when I started.
The Rise of Crypto IPOs: From Garages to Wall Street Tracy Jin of MEXC declares that the crypto ecosystem has matured, evolving from informal projects into true financial institutions ready to go public. Gone are the days of "running out of garages"; the industry now exhibits structured governance, audited financial statements, and scalable revenue models. Companies like Circle and Gemini are leading the way. Circle, the USDC issuer, has already had a successful public debut, raising $1.1 billion and surging 167% on its first day. Gemini and Bullish have also confidentially filed their IPO applications. Jin attributes this boom to positive market sentiment, driven by the capital flowing into spot Bitcoin and Ether ETFs in the United States. This bullish environment not only boosts valuations but also creates a window of opportunity for early investors. The crypto space has grown, and IPOs are proof of its new era of maturity.
JPMorgan Raises Price Targets for Bitcoin Miners Due to Improved Industry Economics
JPMorgan has increased the price targets for several bitcoin mining companies. This decision stems from the companies' first-quarter results and updated forecasts for bitcoin's price and the network's hashrate.
In a report released on Friday, the bank raised its price target for CleanSpark (CLSK) from $12 to $14, for Riot Platforms (RIOT) from $13 to $14, and for MARA Holdings (MARA) from $18 to $19.
According to analysts Reginald Smith and Charles Pearce, "Our price targets generally increased due to higher bitcoin prices and improving mining profitability."
JPMorgan explained that these adjustments reflect a 24% increase in the bank's spot bitcoin assumption and a 9% rise in its network hashrate estimate. The hashrate represents the total computational power used to mine and process transactions on a proof-of-work blockchain, serving as an indicator of industry competition and mining difficulty.
Finally, JPMorgan reiterated its "overweight" rating for CleanSpark, IREN (IREN), and Riot, while maintaining a "neutral" rating for Cipher Mining (CIFR) and MARA.
An analysis of Ethereum's (ETH) price history, technical data, and accumulation trends suggests that upcoming price dips, especially around $2,100, could present excellent buying opportunities. There's a strong bullish outlook for ETH, driven by increased inflows into spot ETH ETFs and significant accumulation by BlackRock, indicating substantial institutional interest. A drop to $2,100 would be a strategic entry point, reinforced by the fact that tokenized Assets Under Management (AUM) now exceed $5 billion. We could also see a potential upside breakout in the fourth quarter, fueled by year-end strategies. However, this week ETH has shown high volatility, hitting a 15-week high of $2,879 on Wednesday only to fall to $2,433 by Friday (a 15% decline). Although ETH is currently consolidating just below $2,600, a broader timeframe pattern suggests it might continue to face challenges in the coming weeks.
Charles Hoskinson Proposes Strategic Investment to Boost Cardano DeFi Charles Hoskinson, co-founder of Cardano, has put forth a bold proposal to revitalize and expand the platform's decentralized finance (DeFi) ecosystem. The key initiative involves converting $100 million in ADA, Cardano's native cryptocurrency, from the project's treasury. These funds would be used to acquire a mix of stablecoins (such as USDM and USDA) and Bitcoin. The central purpose of this strategy is to strengthen stablecoin liquidity on Cardano and, simultaneously, facilitate their integration into the growing Bitcoin DeFi space. Hoskinson has addressed criticisms and concerns about a potential negative impact on the price of ADA due to such a large sale. Dismissing these fears, he called critics "inexperienced" and confidently stated that the transaction "wouldn't cause any problems at all." The main objective of this sale, Hoskinson explained, is to increase the proportion of stablecoin issuance and the Total Value Locked (TVL) on Cardano, raising it from the current 10% to a range of 30% to 40%. Currently, Cardano's TVL amounts to $356 million, with only $31 million in stablecoins minted on-chain. To put this into perspective, Hoskinson compared the situation to Solana, which manages a TVL of $9.8 billion and has $11 billion in stablecoins minted on its chain. In a recent tweet, Hoskinson emphasized that the "current stablecoin situation is killing Cardano." He firmly believes that this proposal would not only generate "non-inflationary revenue" for the project but also be a fundamental step to robustly build and expand Cardano's DeFi economy.
Bitwise CEO: People Won't Get Rid of Their Bitcoin, Even When Its Value Reaches $130,000 Hunter Horsley, CEO of Bitwise, predicts that Bitcoin's selling pressure will disappear once its price surpasses $130,000. According to Horsley, when Bitcoin reaches a range of $130,000 to $150,000, people will stop selling their holdings. This prediction aligns with recent statements from Mike Novogratz, founder of Galaxy Digital, who believes this price range is achievable this year. Novogratz thinks this surge will be driven by strong institutional flows and increased demand for crypto assets.
Tether Plans to Open-Source Its Bitcoin Mining Operating System in Q4 2025 Tether, the company behind the USDt stablecoin, announced it will open-source its Bitcoin mining software. CEO Paolo Ardoino indicated that this project is scheduled for the fourth quarter of 2025. This initiative aims to facilitate the entry of new miners into the Bitcoin market, eliminating reliance on often costly external providers. According to Ardoino, by releasing the Mining Operating System (MOS), "a huge amount of new Bitcoin mining companies will be able to enter the game and compete to maintain the security of the network." Ardoino emphasized that the MOS will be a scalable and modular system, designed with a peer-to-peer (IoT) architecture. Furthermore, it will be compatible with existing mining infrastructure, including various containers and power devices.