Bitwise CIO calls for “an epic end-of-year run for Solana”
In his latest memo to clients Bitwise Chief Investment Officer Matt Hougan stated that the recipe that resulted in huge returns for BTC and ETH will work for SOL next. The recipe? Supply and demand based on huge corporate treasury and ETF purchases. And with so many treasuries and ETFs now focused on Solana, SOL may be worth keeping your eye on. Read more →
Gemini & Figure both shoot for larger IPOs
The two most anticipated crypto-focused IPOs are looking to take advantage of the hype. Yesterday, crypto exchange Gemini increased the size of its IPO to $433.3 million after strong demand as well as an announcement that Nasdaq would be investing $50 million. The company has now raised the price range to $24 - $26 per share from $17 - $19, potentially valuing the company at $3.1 billion. Blockchain-based lender, Figure also increased the size of its IPO yesterday to $693 million and at the top end of the price range ($20 -$22) would give the company a market value of $4.7 billion. Read more →
Senate Democrats Articulate Priorities for Crypto Market Structure
Senate Democrats unveiled a seven-pillar crypto market-structure framework (see their priorities here) on Tuesday – a strong signal the minority party is ready to work across the aisle on comprehensive crypto market reform. The framework comes on the heels of the Senate Banking Republicans dropping their own market structure discussion draft on Friday. As one would expect, the right side is rushing to get things done and agreed upon, while other is pushing for more time. On the bright side, the Democratic party seems far less reluctant to discuss its priorities around such legislation. Read more →
📥️ Want to advertise in CoinSnacks? Learn More
