
October 21st, 2025
Coinbase has decided to join companies that chose direct listings rather than IPOs to go public and avoid diluting their existing shareholders and handing over cheap stock to new investors.
The Initial Public Offering for the Bitcoin Trust was completed for 230 million Canadian Dollars, equivalent to around 180 million USD.
Ripple has already faced a similar case filed against it by the SEC, which alleges that the XRP token is a security and not a crypto asset.
Catherine Wood also praised the newly nominated head of SEC Gary Gensler is “very pro Bitcoin”.
This move by Coinbase will allow all its current and past employees as well other private stockholders to sell their stock before the IPO on the Nasdaq Private Market.
Bitcoin-based ETF may see the light of the day under the new Biden’s administration with Elad Roisman who will be the head of the SEC.
Stu Alderoty’s sense of buoyancy was also highlighted in the post as he revealed that he believes Biden’s administration would make crypto regulation one of their top most priority over the next four years.
Virgin Galactic is making bold moves in the space flight industry and could be a formidable player in the future, however, with the recent run-up of SPCE stock, one might consider waiting for better entry levels ahead.
Another source reveals that Bumble filed for an offering with a size of up to $100 million. However, it is said that this could be a placeholder.
Recently, when Bitcoin (BTC) crossed $41,500 levels, Minerd contradicted his own bullish prediction saying that it’s time for some profit-booking. However, the Guggenheim CIO clarified that it was for the short term and added that he still remains bullish on long term.
Coinbase said that the Digital Asset Hub will streamline the process of onboarding and listing new cryptocurrencies. However, it will ensure robust evaluation through Coinbase’s legal, compliance, and security requirements.
Despite his exposure to the potentials inherent in cryptocurrencies, many people are divided on the probable approach of Gary Gensler if he is finally affirmed as the new boss of the Securities and Exchange Commission.
The move from Bakkt further complements the decision of Coinbase and other exchanges including Binance US, OKCoin which had removed XRP coin from their platforms.
The Ripple executives view these XRP-related issues with the SEC as an attack on the entire cryptocurrency ecosystem.
DLC Fund-authorized participant Genesis Global Trading announced that all XRP transactions would be suspended on January 15, 2021.