News

A consortium of seasoned crypto industry executives has initiated a Special Purpose Acquisition Company (SPAC), aiming to raise $200 million. This new entity is specifically designed to identify and acquire a burgeoning company within the digital asset infrastructure sector, ultimately facilitating its public market debut. The move signifies a growing trend among experienced crypto professionals to leverage alternative pathways for capital injection and market exposure for promising ventures.

Asset management firm **21Shares** has officially filed for a Spot **SEI Exchange-Traded Fund (ETF)**, signaling growing institutional interest in the **Sei network** and its native token. This move places 21Shares in direct competition with **Canary Capital**, which has also indicated plans for a similar investment product, setting the stage for a competitive race in the burgeoning crypto ETF market.

IREN, a prominent player in the Bitcoin mining sector, experienced a significant surge in its stock value during after-hours trading, climbing by 14%. This substantial increase follows the company's announcement of a record-breaking financial quarter, largely driven by robust Bitcoin market conditions and its ongoing strategic expansion into the Artificial Intelligence (AI) domain.

The cryptocurrency market is observing significant activity from key stakeholders as Bitcoin (BTC) struggles to maintain its position around the $112,000 mark. Recent data reveals that Bitcoin miners have collectively cashed out a substantial $485 million in BTC, adding to the selling pressure already exerted by "OG whales" – early large holders of the digital asset. This wave of liquidations prompts critical questions within the financial community regarding market stability and future price trajectories.

Shares of Gryphon experienced an extraordinary surge, climbing an impressive 231% as the company moves closer to its anticipated American Bitcoin merger scheduled for September. This significant boost in stock performance underscores growing investor confidence and heightened interest in the digital asset sector.

Web3 startup **aPriori**, founded by former quantitative strategists from prominent financial and cryptocurrency entities including **Coinbase, Jump Trading, and Citadel**, has successfully completed a funding round totaling **$30 million**. This significant capital infusion is designated for the expansion of its cutting-edge **onchain high-frequency trading (HFT) platform**, a move directly addressing the burgeoning **institutional demand within decentralized finance (DeFi)**.

The burgeoning sector of programmable money recently garnered substantial investor confidence, with startups M0 and Rain collectively raising nearly $100 million in fresh funding rounds. This significant capital injection coincided with the total market capitalization of stablecoins reaching an unprecedented $280 billion, underscoring a period of accelerated growth and increasing validation within the broader digital asset ecosystem.

The **U.S. Commodity Futures Trading Commission (CFTC)** has initiated a significant policy development, establishing a framework that allows American citizens to **trade on offshore cryptocurrency exchanges**. This pivotal move represents a notable shift in the landscape of U.S. digital asset regulation, potentially broadening access for investors to a wider range of global crypto markets that may offer different assets, liquidity, or fee structures compared to purely domestic platforms.

Market analysts and traders are increasingly bullish on Ether (ETH), projecting a multi-year upward trajectory that could see the cryptocurrency reach the significant milestone of $10,000. This optimistic outlook is fueled by emerging technical analysis patterns, with some experts pointing to a "megaphone pattern" as a key indicator of sustained growth.