BTC sleeps as gold and silver soar

In what looks like will be the first crypto IPO of 2026, BitGo is seeking to raise as much as $201 million at $15–$17 per share in a NYSE listing. The company will trade on the NYSE under the ticker BTGO.

BitGo provides custody, trading, settlement, and wallet infrastructure to institutional crypto clients, positioning itself as a backend services provider rather than a consumer-facing exchange. BitGo was last valued at $1.75 billion in a funding round in 2023. Track all crypto IPOs here →

According to Bloomberg, Coinbase is considering removing its support for the new U.S. crypto market structure bill if it imposes any restrictions on offering stablecoin rewards to holders.

This is all bubbling up because banking industry groups have been pushing regulators to tighten restrictions on “yield-like” rewards on stablecoins because it could divert deposits from banks. Coinbase argues that if regulators limit stablecoin rewards, the money will flow to rivals like China’s digital yuan.

So, while everyone is just talking their book, Coinbase’s threat carries serious implications… The crypto industry was the largest corporate donor during the last election cycle. Whatever happens with the issue, someone isn’t going to be happy. Read more →

Stocks slipped, the dollar weakened and gold and silver prices jumped to records after Fed Chair Jerome Powell said President Trump was seeking to press the central bank into cutting interest rates with the threat of a criminal indictment. Gold reached $4,599 while silver traded as high as $84.60 this morning, both records, as they continue their sensational runs.

BTC too, right? Right?!? Nope. After hitting nearly $93,000 on Sunday night, BTC was around $90,000 this morning, a level it’s been stuck at for the past few days.

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