Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Figure Technology targets $526M in IPO amid crypto listing wave

  • Figure aims to raise $526M in IPO, valuing the blockchain lender at $4.3B.
  • IPO momentum grows as Gemini, Kraken, and Bullish drive the crypto listing wave.
  • Figure shifts from lending roots to blockchain finance, boosting investor interest.

Blockchain-focused lender Figure Technology Solutions is preparing to raise $526 million through its upcoming initial public offering (IPO), according to regulatory filings submitted Tuesday and reported by Bloomberg Law.

The company intends to sell 21.5 million shares priced between $18 and $20 each, with 4.9 million shares expected to come from existing holders.

At the high end of the price range, the IPO would assign the company a valuation of roughly $4.3 billion.

Figure first signaled its public market ambitions last month when it filed confidentially with regulators, followed by a formal Securities and Exchange Commission (SEC) filing on August 18.

The latest filings suggest the company is targeting September 10 for its IPO pricing date.

The firm’s valuation has steadily increased since its 2021 Series D funding round, when it raised $200 million in a deal led by 10T Holdings that valued the company at $3.2 billion.

More recently, Figure reported financial momentum, with revenues reaching $191 million in the first half of 2025.

From consumer lending to blockchain infrastructure

While Figure is now recognized for its blockchain-driven financial products built on the Provenance Blockchain, the company originally focused on consumer lending.

Its first offering was a digitized home equity line of credit for US homeowners, before expanding into blockchain infrastructure designed to streamline lending, securitization, and related processes.

By leveraging blockchain technology, Figure has positioned itself at the intersection of traditional finance and decentralized systems, aiming to deliver faster, more transparent, and cost-effective financial solutions.

This pivot has helped the company differentiate itself from fintech rivals while attracting investor interest in its long-term growth prospects.

Crypto IPO momentum builds

Figure’s listing effort comes as more crypto and blockchain firms move toward the public markets during the ongoing bull market cycle.

On Tuesday, the crypto exchange Gemini also filed for an IPO, seeking to raise $317 million.

Rival exchange Kraken is rumored to be pursuing a $500 million raise at a valuation of around $15 billion, though reports suggest it may delay its public debut until 2026.

Meanwhile, several high-profile listings have already set a precedent this year.

In August, digital asset exchange operator Bullish launched its IPO with shares priced at $37, soaring as much as 218% on its first trading day.

Despite a pullback, Bullish still maintains a market capitalisation of roughly $9.6 billion, up from its IPO valuation of $4.8 billion.

Similarly, stablecoin issuer Circle completed an IPO that raised about $1.1 billion, with shares more than doubling on the first day of trading. The company now commands a market capitalization of approximately $30 billion.

Gemini, Cameron and Tyler Winklevoss’ crypto exchange also readying for its public debut, with the firm aiming to raise $317 million at a valuation of $2.2 billion.

Beyond traditional IPOs, the industry is exploring alternative routes.

A group of crypto executives recently launched Bitcoin Infrastructure Acquisition Corp, a Cayman Islands-based special purpose acquisition company (SPAC) targeting a $200 million raise through an IPO.

The post Figure Technology targets $526M in IPO amid crypto listing wave appeared first on CoinJournal.

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Crypto Exchange Gemini seeks $2.2B valuation in IPO backed by Wall Street heavyweights

  • Gemini plans Nasdaq listing under ticker GEMI with $317M raise.
  • Winklevoss twins’ exchange pitches itself as regulation-friendly.
  • IPO funds earmarked for tech upgrades, products, and debt reduction.

Gemini, the crypto exchange built by Cameron and Tyler Winklevoss, is gearing up for a public debut. The firm is looking to raise around $317 million through its IPO, which would put its valuation close to $2.2 billion.

The plan, outlined in fresh filings, calls for about 16.7 million shares to be sold at a price somewhere between $17 and $19 each. If the listing goes ahead, Gemini will trade on the Nasdaq under the ticker GEMI.

For the Winklevoss twins, who have long pitched themselves as steady hands in the often-chaotic world of digital assets, this marks a notable milestone.

Crypto markets remain unpredictable, but the past year has seen investors slowly wade back in. Gemini is hoping to seize that moment and see how much appetite there is for a crypto stock on Wall Street.

Gemini’s growth story and market position

The exchange, launched in 2014 by Cameron and Tyler Winklevoss, has long pitched itself as one of the industry’s more restrained operators.

It has leaned on a reputation for playing by the rules, aiming its services at both casual traders and the institutional crowd.

While competitors have often chased growth through riskier bets, Gemini built its brand around trust and oversight.

Its offerings now stretch beyond basic Bitcoin and Ethereum trading to include a crypto rewards credit card and staking services.

The strategy has delivered mixed results. Revenue climbed to $142 million last year on the back of stronger market activity, but the company still posted a net loss of $158 million in 2024 and losses have widened further in 2025.

To steady the business, Gemini says cash raised from the IPO will go toward new products, technology upgrades, and paying down debt.

Goldman Sachs, Citigroup, Morgan Stanley and Cantor Fitzgerald are leading the underwriting team, giving the deal heavyweight backing from Wall Street.

Optimism amid industry challenges

Analysts say Gemini’s IPO could be a key test of how much appetite remains for crypto-linked stocks after years of regulatory headaches and market swings.

An analyst with US Tiger Securities, noted that the timing looks favorable, pointing to recent debuts from Bullish and Circle as well as the rebound in crypto prices.

Supporters argue Gemini’s emphasis on regulation and its efforts to court institutional clients give it an edge in a sector where scrutiny from Washington has only intensified.

Still, concerns linger. Gemini is running steep losses and faces stiff competition in an industry where Coinbase continues to hold the lion’s share of trading activity.

The company has also had its share of regulatory headaches, among them, a dispute tied to the collapse of crypto lender Genesis and, more recently, a $5 million settlement with the Commodity Futures Trading Commission.

Those issues could weigh on how investors size up the deal.

The post Crypto Exchange Gemini seeks $2.2B valuation in IPO backed by Wall Street heavyweights appeared first on CoinJournal.

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BGB token price explodes, $6 in view as Bitget partners with Morph Chain

  • Morph Chain adopts the BGB token as its gas and governance token.
  • 860M BGB burned, cutting supply and boosting scarcity.
  • Chainlink PoR integration strengthens trust and transparency.

Bitget’s native token, BGB, has seen a sharp surge in price following a string of major announcements, with investors now eyeing the $6 mark.

The rally comes on the back of a new partnership with Morph Chain, aggressive token burns, and fresh transparency measures that have drawn renewed confidence to the exchange and its ecosystem.

Bitget inks deal with Morph Chain

Bitget has announced a strategic partnership with Morph Chain.

Under this agreement, the exchange confirmed that 440 million BGB tokens previously held by the team will be transferred to the Morph Foundation.

The deal goes further, as Morph will adopt BGB as both its gas and governance token, making it the lifeblood of the network.

This move not only ensures deeper integration of BGB into the expanding Web3 ecosystem but also places it at the heart of Morph’s settlement layer, touted as a new on-chain home for more than 120 million users worldwide.

The deal cements Bitget’s ambition of taking its token beyond exchange utility and into broader DeFi adoption.

Chainlink’s Proof-of-Reserve system integration

Beyond the Morph deal, Bitget has sought to strengthen confidence in its reserves.

On August 20, 2025, the company integrated Chainlink’s Proof-of-Reserve system, enabling real-time verification of its wrapped Bitcoin reserves.

This addresses the lingering concerns around exchange solvency that have haunted the industry since the collapse of FTX.

The proof-of-reserve system demonstrates that each BGBTC token is backed one-to-one with Bitcoin, offering institutional-grade assurance to both traders and DeFi partners.

Similar transparency upgrades, such as Binance’s earlier Merkle audits, have often paved the way for strong rallies in exchange tokens, and Bitget’s adoption of this approach could catalyse greater institutional interest in BGB.

Deflationary mechanics fuel optimism

Alongside these transparency efforts, BGB’s tokenomics have become increasingly attractive.

Over the past eight months, Bitget has burned 860 million tokens, equal to 43% of the total supply.

In the second quarter of 2025 alone, 30 million BGB, worth approximately $138 million, were permanently removed from circulation.

With the circulating supply now equal to the total supply at around 1.14 billion tokens, inflation risks have been eliminated.

On-chain data further shows that large holders have been accumulating BGB in million-dollar tranches, signalling confidence in the token’s long-term potential.

Historically, deflationary mechanisms have been a strong price driver in the exchange token market, with BNB providing one of the clearest examples.

BGB technical analysis points to $6

The price of BGB has broken above its seven-day moving average at $4.59 and cleared the Fibonacci 23.6% level at $4.84, pushing toward $5.20.

Market analysis highlights $5.20 as the pivot level to hold, with resistance expected at $5.84, $5.96, and then $6.43.

If BGB sustains its position above $5.20, a push toward the $6 zone looks increasingly likely.

However, near-term profit-taking caution remains, with momentum indicators such as the MACD histogram and RSI hinting at mild overbought conditions.

The post BGB token price explodes, $6 in view as Bitget partners with Morph Chain appeared first on CoinJournal.

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Ethena price forecast amid a 94 million ENA token unlock

  • Ethena’s token ENA is up nearly double digits in 24 hours as bulls eye a breakout above $0.80.
  • The token expects a major unlock event of 94 million ENA.
  • Analysts say price could break out amid key fundamental strengths for Ethena.

Ethena (ENA) price is up nearly 10% in the past 24 hours, despite the USDe stablecoin platform facing a huge token unlock.

The price of Ethena at $0.69 signals a potential breakout if buyers drive sentiment post the over 94 million ENA token unlock event.

Meanwhile, trading volume has surged 53% to over $574 million and market cap to $4.6 billion, putting Ethena among the top gainers on the day.

Bitcoin Cash, Tornado Cash and Sky are among the outperformers in the past 24 hours.

Ethena price ticks up ahead of token unlock

As noted, Ethena is preparing for a significant token unlock, with 94.2 million ENA tokens set to be unlocked on Sept. 2.

Per current price, the total value of the tokens coming into circulation stands at around $63.1 million, scheduled for 15:00 UTC+8.

According to on-chain details shared by SoSoValue in a post on X, the huge ENA unlock will account for 0.63% of the total supply.

Notably, the coins will be distributed between the ecosystem fund and foundation, with 53.55 million ENA going to the fund and 40.64 million ENA to the foundation.

In the crypto market, token unlocks are critical events and often affect market liquidity and price stability.

Ethena’s price will likely swing amid the token release, with trader sentiment key to short-term price movement.

However, this unlock comes amid substantial milestones for the Ethena network, including the success of its synthetic dollar USDe.

The past month has seen USDe cross the $12 billion market cap, and Ethena surpassed $500 million in cumulative gross interest revenue. Ethena also saw over $30 million USDe of rewards distributed.

Strong fundamentals and broader market sentiment may thus help ENA price even as 94 million tokens come into circulation.

Ethena price forecast

The ENA token reached highs of $0.85 in August after a significant uptick from lows of $0.51 earlier in the month.

However, profit taking tanked prices to around $0.62 before a bullish bounce faded around $0.75.

Ethena price chart by TradingView

Ethena price is back near the $0.70 mark after its latest uptick, with ENA’s current daily chart displaying a potential cup and handle pattern.

The pattern often signals a bullish trend continuation, and a price breakout above $0.80 is likely to confirm this for Ethena.

The daily RSI above 54 and upsloping add to this bullish outlook. Buyers could target $1.26 in the short term.

The post Ethena price forecast amid a 94 million ENA token unlock appeared first on CoinJournal.

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Bitcoin, Ethereum hold steady as crypto braces for a historically brutal September

  • The crypto market is bracing for “Red September,” its historically worst month.
  • The Crypto Fear and Greed Index has plummeted into the “fear” zone.
  • Bitcoin is holding critical support around the 108,000 dollar level for now.

A fragile and deceptive calm has settled over the cryptocurrency market as September begins, a quiet start to what history warns is the cruelest and most unforgiving month of the year.

While prices are holding steady for now, a powerful undercurrent of fear is gripping traders, as seasonal weakness collides with a high-stakes macroeconomic picture, setting the stage for a potentially volatile and brutal few weeks.

The shift in sentiment has been swift and severe.

The Crypto Fear and Greed Index, a key barometer of market psychology, has plummeted from a confident 75 out of 100 in mid-August to just 46 today, plunging the market from “neutral” territory deep into the “fear” zone.

It is the worst reading since the dark days of mid-June.

This growing anxiety is rooted in the hard data of market history. Since 2013, Bitcoin has dropped an average of 3.77 percent every September, a grim and consistent pattern that has earned the month its ominous nickname: “Red September.”

The Battle for $108,000

For now, a tense battle is being waged on the charts. Bitcoin is showing a flicker of resilience, holding above the psychologically critical $108,000 support level.

But a deeper look at the technical indicators reveals a market on a knife’s edge, caught in a state of profound indecision.

The Average Directional Index (ADX) is hovering at 20, a reading that suggests a choppy, directionless market.

At the same time, the Relative Strength Index (RSI) at 40 is flashing a clear warning: the “Red September” effect is taking hold, with selling pressure beginning to dominate.

The Squeeze Momentum Indicator confirms this, showing that while a big move may not be imminent, the underlying trend remains distinctly bearish.

The most telling sign may be in the exponential moving averages (EMAs). While the broader configuration remains bullish, with the 50-day EMA above the 200-day EMA, the gap between the two is ominously starting to close.

This signals a dangerous deceleration of the bullish trend and raises the specter of a “death cross,” a technical pattern that would confirm a deep and protracted bear market.

The shadow of the Fed looms large

This internal market struggle is playing out under the long shadow of the Federal Reserve.

The central bank’s upcoming policy meeting on September 16-17 may well be one of the most contentious in years, a pivotal showdown that could determine the fate of all risk assets.

With markets currently implying an 87 percent chance of a quarter-point rate cut, the crypto market is trapped between the rock of seasonal weakness and the hard place of potential monetary relief.

Prediction markets are reflecting this bearish tilt.

On Myriad, traders now give Bitcoin a 75 percent chance of dropping to 105,000 dollars in the near future, a stunning reversal from just two weeks ago when the same market was pricing in a 90 percent chance of a surge to 125,000 dollars.

The storm clouds are gathering, and the calm of this early September morning may not last for long.

The post Bitcoin, Ethereum hold steady as crypto braces for a historically brutal September appeared first on CoinJournal.