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Blockchain.com pursues public markets after confidential SEC IPO filing

Blockchain.com has quietly moved to public markets, confidentially filing for a U.S. initial public offering by submitting an S-1 registration statement for a proposed listing of Class A ordinary shares. The timing, share count, and pricing remain undecided and will depend on ongoing regulatory review and market conditions. Founded in 2011, Blockchain.com has built a broad crypto platform that spans consumer wallets, trading, and institutional products. The company says it has more than 95 million wallets and over 43 million verified users, and it has processed in excess of $1.1 trillion in crypto transactions. The filing underscores the ongoing push by crypto firms to access traditional capital markets as the sector grapples with volatility, regulatory scrutiny, and a shifting appetite for public listings. Blockchain.com has also emphasized growth through expansion, including a deeper push into African markets and the launch of perpetual futures trading via its self-custodial wallet, ...
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CFTC, NHL Sign MOU to Advance Prediction Market Regulation

The US Commodity Futures Trading Commission (CFTC), under the sole leadership of Republican Michael Selig, announced a memorandum of understanding with the National Hockey League to protect the integrity of professional hockey and maintain fair and transparent prediction markets. The agreement is designed to enable information-sharing and coordinated action to deter insider trading, fraud, and other abuse on event contracts tied to hockey outcomes, while reinforcing the CFTC’s claim of exclusive jurisdiction over platforms like Kalshi and Polymarket. In a Thursday statement, Selig said the move aims to shield prediction-market users from illicit activity as the CFTC continues to exercise its regulatory remit. The arrangement follows a pattern seen with Major League Baseball, which announced a similar pact in March and designated Polymarket as its Official Prediction Market Exchange. According to Cointelegraph, the NHL accord mirrors that MLB framework, signaling a broader alignment bet...
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Yorkville America Pulls ETF Bids Filed on Behalf of Trump-Backed Truth Social

Asset manager Yorkville America has withdrawn several crypto ETF applications filed on behalf of the Trump family-backed Truth Social as it changes strategy. The ETFs were part of the Trump Media and Technology Group’s broader crypto strategy before it decided to shift to offerings registered under the Investment Company Act of 1940. Truth Social Pulls ETF Bids Yorkville America disclosed in a statement released on Tuesday its decision to move away from offerings registered under the Securities Act of 1933 to offerings registered under the Investment Company Act of 1940. The asset manager believes the move will allow it to offer its clients more innovative products while benefiting from better tax efficiencies and stronger investment products. Yorkville America also withdrew its Truth Social Bitcoin and Ethereum ETF and the Truth Social Blue Chip ETF. According to the asset manager, the Investment Company Act of 1940 framework provides a clear structure to deliver the "differentia...
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Bitcoin poised for 5%+ move as analysts keep bullish outlook

Bitcoin hovered near $77,000 on Thursday as traders weighed the prospect of a breakout after a period of tight range-bound action. With macro headwinds tempering risk assets broadly, analysts warned that the market may be poised for a meaningful move, but cautioned against piling into bearish bets while price action remains structurally constructive. Key points: Bitcoin trades around the $77k mark, with technicians flagging potential for a 5% price move in the near term. Market sentiment shows risk for short bets as positioning has tilted against bears, according to data and commentary from traders monitoring the space. Macro factors — including a rally in crude oil above $100 and evolving U.S.-Iran tensions — continue to weigh on risk assets while bond yields drift lower on optimism of a potential deal. BTC eyes a breakout as it clings to $77k Price action has been notably constrained, with Bitcoin consolidating into a narrow corridor around the $77,000 level. Traders described cluste...
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Ex-Silvergate Exec Details SEC Settlement, Crypto Compliance Risks

The former chief risk officer of Silvergate Bank has publicized her 2024 settlement with the U.S. Securities and Exchange Commission, noting that the decision to settle came as a strategic choice to avoid a protracted court battle. The SEC accused the bank’s crypto-compliance framework of failing to adequately address anti-money-laundering concerns and the monitoring of crypto customers. Fraher’s settlement included a civil penalty and a multi-year corporate governance ban, reflecting the regulatory severity faced by a crypto-friendly lender in the aftermath of the industry’s upheavals. In her first public remarks since the agreement, Fraher asserted that no regulator demonstrated that Silvergate’s AML controls had failed and that she chose settlement to “move forward.” The disclosure follows the SEC’s decision earlier this week to rescind a longstanding gag provision that had limited comment from certain enforcement actions participants, enabling Fraher to speak more openly about the ...
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Hyperliquid Whale Maintains HYPE Short Amid $22M Unrealized Loss

The Hyperliquid (HYPE) rally has intensified a high-stakes dynamic in the market: a single whale remains stubbornly short as the token surges, driving a potential squeeze that could threaten the underwater position. With HYPE trading around the mid-50s to high-50s, the trader’s short position has swelled to well over $100 million in notional exposure, even as funding and on-chain activity push the price higher. Meanwhile, a wave of new demand around US spot HYPE ETFs has helped lift the token from recent baselines. Since their May debut, these ETFs have drawn notable inflows, while on-chain transfers show large acquisitions from major players. The combination of ETF-driven demand, fresh accumulation, and a disproportionate amount of short exposure creates a complex set of incentives for traders and investors alike. Key takeaways HYPE has surged about 134% year-to-date, a rally that coincides with fresh whale activity and ETF-driven demand that could amplify a squeeze for the underwater...
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VARA Clears Kraken for Dubai Expansion, Signals Regulated Crypto

Kraken’s operator Payward has moved closer to a formal UAE launch after receiving preliminary authorization from Dubai’s Virtual Assets Regulatory Authority (VARA). The company announced that the preliminary VARA nod came alongside a broker-dealer, investment and management licence from the regulator, signaling an expanding footprint in the Gulf region. Kraken said the preliminary approval was granted on Thursday, with the full launch date yet to be confirmed. At market introduction, the exchange plans to offer AED funding, a full slate of trading services including margin and over-the-counter (OTC) capabilities, and access to Kraken Prime for institutional clients. This aligns with the firm’s stated objective of serving both retail and professional participants in the UAE. “Kraken’s UAE expansion aligns with our prior regulatory footprint in the region and reinforces the UAE’s position as a regional hub for digital-asset activities,” Kraken’s spokesperson noted. The company also refer...
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