BitcoinWorld Lost Ethereum Wallet: The Staggering Billion-Dollar Crypto Fortune of an Estonian Banker Imagine discovering that a digital asset you acquired years ago, and then misplaced, is now worth an astonishing sum. This is the incredible, yet bittersweet, reality for Rain Lõhmus, a prominent Estonian banker and founder of LHV bank. He recently revealed that his early Ethereum presale holdings, acquired way back in 2014, have ballooned to over $1 billion. However, there’s a significant catch: he has lost access to the wallet by misplacing the crucial private keys . The Billion-Dollar Blunder: A Lost Ethereum Wallet’s Value Soars The story of Rain Lõhmus serves as a powerful, albeit painful, reminder of the immense potential and inherent risks within the cryptocurrency space. His early investment in Ethereum during its formative years highlights the incredible growth witnessed by the second-largest cryptocurrency by market capitalization. Yet, the inability to access these funds due to a lost Ethereum wallet is a stark lesson in digital asset security. Early Adopter’s Vision: Lõhmus was forward-thinking enough to participate in the 2014 Ethereum presale, demonstrating an early belief in the technology. Unprecedented Growth: Ethereum has seen exponential growth since its launch, turning early modest investments into significant wealth. The Crucial Detail: Despite the incredible valuation, the funds remain inaccessible without the correct private keys. Understanding the Ethereum Presale and Its Impact The Ethereum presale in 2014 was a pivotal moment in blockchain history. It allowed early supporters to purchase Ether (ETH) before the network officially launched. This crowdfunding event raised a substantial amount of Bitcoin, which funded the initial development of the Ethereum network. Those who participated, like Lõhmus, took a significant leap of faith, investing in a nascent technology with unproven potential. The success of Ethereum, now a cornerstone of decentralized finance (DeFi), NFTs, and countless other applications, has turned these early investments into a veritable crypto fortune for many. However, the story of Lõhmus underscores a critical challenge that even seasoned investors can face: the secure management of digital assets. The Absolute Importance of Private Keys In the world of cryptocurrencies, private keys are paramount. They are cryptographic codes that grant you ownership and control over your digital assets. Think of them as the master key to your digital vault. If you lose your private keys, or if they fall into the wrong hands, your funds are effectively gone or compromised. This is a fundamental difference from traditional banking, where institutions can help you recover access to your accounts if you lose a password. Rain Lõhmus’s predicament is a vivid illustration of this principle. His multi-billion dollar crypto fortune is technically his, but without those private keys, it remains an untouchable dream. This highlights the absolute necessity of robust security practices for anyone holding cryptocurrencies, regardless of their investment size. Lessons from an Estonian Banker’s Unreachable Fortune The tale of the Estonian banker and his inaccessible billions offers valuable insights for anyone navigating the crypto landscape. It’s a powerful cautionary tale about the importance of security and redundancy when handling digital assets. While the allure of a significant crypto fortune is strong, the responsibility of safeguarding it rests entirely on the individual. Key Takeaways: Secure Your Private Keys: Always back up your private keys or seed phrases in multiple, secure, offline locations. Consider hardware wallets for significant holdings. Understand Your Wallet: Be familiar with how your chosen wallet works and the implications of losing access. No Central Authority: Remember that crypto operates without intermediaries. There’s no bank to call if you lose your access. Long-Term Holding Requires Vigilance: If you plan to hold assets for years, revisit your security measures periodically. Rain Lõhmus’s story is a dramatic example of the incredible highs and devastating lows that can occur in the crypto world. While his vision to invest early in the Ethereum presale was prescient, the loss of his private keys turned a potential windfall into a heartbreaking missed opportunity. It serves as a potent reminder that in crypto, self-custody comes with immense responsibility. This post Lost Ethereum Wallet: The Staggering Billion-Dollar Crypto Fortune of an Estonian Banker first appeared on BitcoinWorld and is written by Editorial Team
Ethereum price found support near the $4,500 zone and started a fresh surge. ETH is rising and might soon aim for a move above the $4,750 zone. Ethereum started a fresh increase above the $4,550 and $4,650 levels. The price is trading above $4,600 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $4,400 zone in the near term. Ethereum Price Rallies Further Ethereum price started a fresh increase from the $4,180 support zone, beating Bitcoin . ETH price was able to climb above the $4,500 and $4,650 resistance levels. The bulls even pushed the price above the $4,700 resistance zone. Finally, the price tested the $4,780 resistance zone. A high was formed at $4,782 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high. Ethereum price is now trading above $4,700 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $4,480 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,780 level. The next key resistance is near the $4,840 level. The first major resistance is near the $4,880 level. A clear move above the $4,880 resistance might send the price toward the $4,950 resistance. An upside break above the $4,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $5,000 resistance zone or even $5,150 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $4,780 resistance, it could start a downside correction. Initial support on the downside is near the $4,700 level. The first major support sits near the $4,650 zone. A clear move below the $4,650 support might push the price toward the $4,550 support. Any more losses might send the price toward the $4,480 support level in the near term. The next key support sits at $4,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,650 Major Resistance Level – $4,780
Bitcoin recently hit a new peak of $124,500 and now has two possible paths ahead, according to Bitcoin OG Samson Mow.
On Wednesday, President Donald Trump issued an executive order seeking to loosen regulations on the commercial space sector. It instructs federal agencies to accelerate approvals for launch and reentry, a step expected to benefit the broader industry and SpaceX, led by former ally Elon Musk. According to a White House fact sheet , the measure directs the Secretary of Transportation to review federal requirements and cut “outdated, redundant, or overly restrictive rules for launch and reentry vehicles.” The aim is to speed licensing while preserving safety for operators and the public. Trump also told the department to “reevaluate, amend, or rescind” Part 450, the Federal Aviation Administration regulation that governs commercial launch licenses. Though intended to simplify approvals, many in the industry say the framework has become cumbersome and confusing. Trump’s new order could affect SpaceX directly How the order is implemented could directly affect SpaceX, now among the world’s most frequent launch providers, as it readies further test flights of its Starship system. Musk and Trump were once aligned, before a public spat reported by Cryptopolitan , that followed Musk’s criticism of the president’s tax-and-spending package. Officials emphasized that the directive extends beyond any single company. It could also assist other operators, such as Jeff Bezos’ Blue Origin LLC, United Launch Alliance LLC, and Rocket Lab, as they look to scale up operations. Part 450 dates to Trump’s first term, when the administration sought to streamline commercial launch licenses. The rule allows a firm to obtain one license that covers multiple missions of the same vehicle, provided it meets performance-based safety benchmarks and conditions set by regulators. SpaceX urged Washington to revise those provisions, arguing that the FAA’s implementation has not matched the original intent. In a September 2024 post on its website, the company wrote: “We continue to be stuck in a reality where it takes longer to do the government paperwork to license a rocket launch than it does to design and build the actual hardware.” Another component of the order would make the head of the FAA’s Office of Commercial Space Transportation a political appointee, increasing White House influence over how licensing priorities are set and carried out as the agency oversees commercial spaceflight. The directive also elevates the Office of Space Commerce, currently within NOAA, to report directly to Commerce Secretary Howard Lutnick. Supporters say the shift would raise the profile of commercial space issues within the department and improve coordination. Further instructions ask the Transportation Secretary to work with the chair of the Council of Environmental Quality to shorten or fast-track environmental reviews tied to launch and reentry operations. Criticism from environmental advocates is expected That change could prompt pushback from environmental groups and concerns about protecting launch ranges and nearby habitats in coastal states such as Florida, California, and Texas. The order creates a new position at the Transportation Department to advise on innovation and deregulation, and calls for an “Associate Administrator for Commercial Space Transportation” at the FAA to lead regulatory reforms. It also tells departments to assess whether states are hindering spaceport construction under the Coastal Zone Management Act, and to align procedures to reduce overlapping rules and speed spaceport projects. Lastly, the order requires a “streamlined process for authorizing novel space activities,” defined as missions not covered by existing regulatory systems. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
BitcoinWorld Unlocking Asia FX Momentum: Dollar Decline Fuels Yen Rebound Amid BOJ Policy Shift The world of finance is interconnected, and nowhere is this more evident than in the interplay between traditional foreign exchange (forex) markets and the burgeoning cryptocurrency landscape. As Asia FX Performance strengthens and major global currencies experience shifts, understanding these dynamics becomes crucial for every investor, including those deeply entrenched in digital assets. Significant movements in the US Dollar or the Japanese Yen can ripple through global liquidity, impacting everything from commodity prices to investor risk appetite, ultimately influencing the flows into and out of the crypto market. What exactly is driving these shifts, and what do they mean for your portfolio? Unveiling Strong Asia FX Performance Recent market movements have highlighted a notable firming of Asian currencies, a trend that signals shifting investor sentiment and economic recalibration. This resilience in Asia FX Performance is largely attributed to a combination of factors, including improved regional economic outlooks, robust trade balances, and, significantly, the broader weakening of the US Dollar. As the prospect of interest rate cuts by the US Federal Reserve becomes more concrete, capital flows are beginning to re-enter Asian markets, seeking higher yields and growth opportunities. Currencies like the Korean Won (KRW), Singapore Dollar (SGD), New Taiwan Dollar (TWD), and Malaysian Ringgit (MYR) have shown particular strength, reflecting confidence in their respective economies. For investors, this trend in Asian currencies can create attractive carry trade opportunities, where one borrows in a low-interest-rate currency (like the Yen historically) and invests in a higher-yielding one. However, the dynamics are complex, as even within Asia, individual country fundamentals and central bank policies play a critical role. The collective strength, nevertheless, points to a broader narrative of diversification away from the dollar. Understanding the Accelerating Dollar Decline A pivotal force behind the recent shifts in global currency markets is the accelerating Dollar Decline . The US Dollar Index (DXY), which measures the dollar against a basket of major currencies, has been under significant pressure. This weakening is primarily driven by mounting expectations that the US Federal Reserve will begin cutting interest rates in the near future. Recent economic data, including cooling inflation figures and a softening labor market, have reinforced these bets, prompting traders to price in multiple rate cuts throughout the year. Why is this significant? When a central bank cuts rates, it typically reduces the attractiveness of holding that currency, as investors can earn less on their deposits and fixed-income investments. This makes other currencies, especially those from regions with stable or potentially rising rates, more appealing. The “higher for longer” narrative, which had underpinned dollar strength for much of the past year, appears to be fading, paving the way for a more balanced global currency landscape. This shift has profound implications, not just for forex traders but also for commodity prices, as a weaker dollar generally makes dollar-denominated goods cheaper for international buyers, potentially boosting demand. Consider the following key drivers of the dollar’s recent trajectory: Fed Rate Cut Expectations: Market participants are increasingly confident that the Federal Reserve will initiate rate cuts, possibly as early as the first half of the year. Inflation Data: Persistent signs of disinflation reduce the urgency for the Fed to maintain restrictive monetary policy. Economic Growth Concerns: While the US economy has shown resilience, some indicators suggest a slowdown, prompting a dovish pivot from the central bank. Yield Differentials: As US bond yields fall in anticipation of rate cuts, the yield advantage of holding dollar assets diminishes relative to other currencies. The Remarkable Yen Rebound and BOJ Policy Shift Perhaps one of the most compelling narratives in the current forex market is the remarkable Yen Rebound . For years, the Japanese Yen (JPY) has been one of the weakest major currencies, largely due to the Bank of Japan’s (BOJ) ultra-loose monetary policy, including negative interest rates and yield curve control (YCC). However, speculation is now rife that the BOJ is on the cusp of a historic policy shift, potentially ending negative rates and adjusting its YCC program. What’s fueling this speculation? Recent comments from BOJ officials, rising wage growth in Japan, and increasing inflationary pressures are all pointing towards a normalization of monetary policy. A decision by the BOJ to raise rates, even marginally, would be a monumental shift, marking the end of an era of unconventional easing. This prospect has ignited strong buying interest in the Yen, as investors anticipate a significant increase in its yield attractiveness. The implications of a BOJ Policy Shift are far-reaching: End of Negative Rates: This would be a symbolic and practical change, increasing the cost of borrowing and potentially boosting domestic demand. Impact on Carry Trades: A stronger Yen makes carry trades (borrowing JPY to invest elsewhere) less profitable and riskier, potentially unwinding some of these positions and leading to JPY repatriation. Global Liquidity: As the Yen strengthens, it could affect global liquidity, especially if Japanese investors bring capital home. Inflation Management: The BOJ aims to achieve stable 2% inflation, and a rate hike would signal confidence in reaching this target sustainably. The market is closely watching upcoming BOJ meetings for definitive signals, as any concrete move would likely send the Yen soaring further, impacting everything from global equity markets to commodity prices. Global Rate Cut Bets: A New Era for Markets? Beyond the specific dynamics of the US Dollar and Japanese Yen, the overarching theme driving currency markets is the widespread expectation of Global Rate Cut Bets . Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), are also signaling a potential pivot towards monetary easing. This synchronized shift from a tightening cycle to an easing cycle marks a significant turning point for financial markets worldwide. The anticipation of lower borrowing costs fuels optimism across various asset classes. Lower interest rates generally reduce the cost of capital for businesses, encourage investment, and can boost consumer spending. This environment is typically supportive of risk assets, including equities and, importantly, cryptocurrencies. When traditional fixed-income investments offer lower returns, investors often seek higher-yielding or growth-oriented alternatives, which can include digital assets. However, the timing and magnitude of these cuts remain a subject of intense debate and depend heavily on incoming economic data. Any deviation from market expectations could introduce volatility. Key factors influencing these bets include: Inflation Trends: Sustained declines in inflation are a prerequisite for central banks to ease policy. Economic Activity: Evidence of slowing economic growth or recessionary pressures can accelerate the timeline for cuts. Labor Markets: Weakening employment figures often prompt central banks to consider stimulus measures. Geopolitical Stability: Major global events can disrupt economic forecasts and central bank plans. The narrative is shifting from combating inflation to supporting growth, and this paradigm shift is reshaping investor strategies across the board. Navigating the Evolving Forex Landscape: Challenges and Opportunities While the current environment presents compelling opportunities, it is not without its challenges. The forex market, by its nature, is subject to high volatility, and rapid shifts in sentiment can lead to significant price swings. For investors, understanding these nuances is critical. The interplay between interest rate differentials, economic growth prospects, and geopolitical developments creates a complex web of influences. Challenges to Consider: Central Bank Communication: Any miscommunication or unexpected policy move from major central banks can trigger sharp market reactions. Geopolitical Risks: Ongoing global conflicts and political uncertainties can introduce sudden risk-off sentiment, impacting currency flows. Data Dependency: Economic data releases (inflation, GDP, employment) are paramount, and any surprises can alter rate cut expectations dramatically. Unwinding Carry Trades: A stronger Yen, for instance, could lead to a rapid unwinding of carry trades, causing turbulence in other currencies. Actionable Insights for Investors: Diversify Portfolios: Consider exposure to a basket of currencies rather than concentrating on one, especially with the dollar’s uncertain path. Monitor Central Bank Statements: Stay updated on speeches and minutes from the Fed, BOJ, ECB, and other major central banks. Track Economic Indicators: Pay close attention to inflation, employment, and GDP data from major economies. Assess Risk Appetite: Understand how shifting interest rate environments impact overall market risk appetite and its potential spillover into digital assets. The current forex landscape demands a proactive and informed approach. Investors who grasp these macro trends will be better positioned to navigate the opportunities and mitigate the risks. Conclusion: A New Chapter for Global Currencies The global currency market is undergoing a significant transformation, driven by evolving central bank policies and shifting economic fundamentals. The firming of Asia FX Performance , the accelerating Dollar Decline , and the remarkable Yen Rebound , spurred by an anticipated BOJ Policy Shift , all underscore a broader narrative of Global Rate Cut Bets . This collective movement suggests a potential new era for financial markets, one characterized by easing monetary conditions and a potential resurgence of risk assets. While opportunities abound, vigilance remains key, as central bank actions and economic data will continue to dictate the pace and direction of these powerful currency trends. Staying informed about these macro shifts is not just for forex traders; it’s essential for anyone seeking to understand the broader currents shaping the investment world, including the volatile realm of cryptocurrencies. To learn more about the latest Forex market trends, explore our article on key developments shaping interest rates liquidity. This post Unlocking Asia FX Momentum: Dollar Decline Fuels Yen Rebound Amid BOJ Policy Shift first appeared on BitcoinWorld and is written by Editorial Team
The stablecoin market is witnessing a remarkable surge. Billions of fresh capital are potentially setting the stage for increased trading activity and asset appreciation. USDT and USDC’s combined growth means investors are positioning for further upside across the crypto market. Billions in Fiat Pour Tether’s USDT saw its market cap climb from $120 billion before the US election in November 2024, when Donald Trump secured a victory, to the current $165 billion, according to data shared by Matrixport. During the same period, Circle’s USDC leaped from $34 billion to $65 billion. This $76 billion influx of fiat into crypto through just two stablecoins is indicative of a renewed investor confidence as major political and economic events approach. The pace of growth, closely following the improving regulatory clarity, points to the early stages of a potentially transformative trend. These inflows strengthen the industry’s liquidity base and position stablecoins as a crucial driver of crypto’s next phase of expansion. The passage of the GENIUS Act has been crucial in catalyzing this growth trajectory. Signed into law by President Trump on July 18, this legislation represented the first major cryptocurrency regulation passed by Congress. The act aims to establish a clear regulatory framework for payment stablecoins. As a result, many financial companies in the US are gearing up to launch their own dollar-backed crypto tokens. Circle Goes Public, Tether Won’t With regulatory frameworks now in place and billions flowing into the sector, major stablecoin players are making bold moves to capitalize. For instance, the company behind the USDC stablecoin, Circle, has made headlines following its June IPO, which raised approximately $1.2 billion at an offering price of $31 per share. In its first quarterly earnings report as a public company, revenue and reserve income surged 53% year-over-year to $658 million, beating expectations. Despite a considerable net loss of $482 million driven by IPO-related non-cash charges, Circle’s stock rallied significantly to around $163, which is more than five times its debut price. The company also announced plans to roll out its Arc Layer 1 blockchain later this year to further boost stablecoin utility across payments, capital markets, and FX. Its rival stablecoin issuer, Tether, on the other hand, has no intention of going public. The post $76B Fiat Flood into Crypto Sends Strong Market Signal appeared first on CryptoPotato .
Bitcoin has once again risen to the spotlight and is putting traders to the test. The price has repeatedly approached $120K in recent weeks. However, things are starting to look a little stagnant. Every higher break attempt has attracted new interest from traders, but caution is showing more frequently in the market. Global liquidity conditions are having a greater effect than many anticipated, and this has created divisions in the market. An aggressive move out of here can be a precursor to the next large rally or the beginning of the next pullback. Amidst this, MAGACOIN is silently gaining its own wave in trading circles. MAGACOIN is being mentioned increasingly on the trader chat and watchlists. Early purchasers appear to be keen on reserving slots when the project is still at its initial phases. Investors may use code EXTRA50X to claim a 50% EXTRA BONUS. Global Liquidity Change Signals Market Strain According to market analysts, fluctuations in world liquidity tend to play a critical part in the price movements of Bitcoin. Risk assets like Bitcoin tend to attract capital inflow when central banks flood the market with new money. The rise in Bitcoin in earlier cycles occurred during times of liquidity expansion. Bitcoin Tests $120K With Mixed Signals Crypto market analyst Crypto Patel notes that Bitcoin is now trading at less than its ATH at $119.6K. The daily chart has seen several reversals of rejections at this point, which makes it a notable resistance region. Patel thinks that a daily close above $120K could provide a path to $150K. Nevertheless, he cautions that a third rejection could drive the price to the demand zone of around $111K. He states that the value that will determine the short-term and macro direction of Bitcoin is $120K. Bitcoin is currently trading at $119,660 with a 24-hour trading volume of over $48.5 billion. The change is a 0.81% increase in the last 24 hours and a 5.34% increase in the last 7 days. The market mood is still split. There are those traders who think that greater liquidity will be required to see a breakout, and some who feel the move will occur despite the lack of liquidity due to buying pressure at these levels. Conclusion The historical trends indicate that Bitcoin might rally to $150K earlier than anticipated if global liquidity turns positive. Currently, the $120K price point is one to watch. A breach above $120k will allow BTC to hit the $150k target. Meanwhile, MAGACOIN is continuously staking its claim as one to watch in an evolving market landscape. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin RSI Turns Bullish — Could $150K Target Come Before Year-End?
Ethereum has posted significant gains over the past week, rising 29% and approaching its all-time high near $4,800 set in 2021. At the time of writing, ETH trades at $4,662, putting it within range of the $4,750–$4,800 resistance zone that has historically marked a key supply area for the market. This price move coincides with unprecedented network activity and notable on-chain flows that analysts say could influence the short-term price direction. Related Reading: Ethereum Flashes Once-In-A Decade Bull Signal, Says Analyst Ethereum Record Network Activity Meets Price Resistance Data from CryptoQuant contributor CryptoOnchain shows that daily Ethereum transactions have reached a record high of approximately 1.875 million. This surge in activity signals elevated demand for block space and heightened engagement across the network. The confluence of strong on-chain metrics with a critical price level creates a technical and fundamental intersection that could determine Ethereum’s next move. According to CryptoOnchain, Ethereum’s current position represents a decision point. A breakout above $4,750, accompanied by sustained transaction volume, could propel ETH into a price discovery phase, potentially surpassing its historical peak. Conversely, if sellers defend this level, a consolidation phase or a retracement toward the $3,950 support area is possible. The analyst also cautioned that while peak network activity often accompanies bullish price action, it can also signal a near-term overheating of the market. In such cases, even with strong fundamentals, prices may pause or retrace as participants adjust their positions. This dynamic is particularly relevant as Ethereum tests a historically significant resistance zone while network usage is at an all-time high. Exchange Outflows Suggest Continued Buying Pressure In a separate analysis, another CryptoQuant analyst, Burak Kesmeci, examined Ethereum’s net flow data across all exchanges. Using the 30-day simple moving average (SMA30), Kesmeci found that ETH net flows remain in strongly negative territory, at around –40,000 ETH as of August 12, 2025. This represents an average daily outflow of 40,000 ETH over the past month, a trend that has coincided with the asset’s recent price increase. Negative net flows indicate that more ETH is leaving exchanges than entering, often interpreted as a sign of reduced immediate selling pressure and increased holding behavior. Kesmeci linked the recent outflow strength to spot ETH ETF activity, suggesting that institutional demand has been a major factor supporting prices. He noted that as long as the SMA30 stays in negative territory, the upward trend is likely to continue. A shift into positive territory, however, could signal a change in market sentiment and potentially weaken buying momentum. Related Reading: Market Expert Says Sell All Ethereum By October, Here’s Why With both record transaction counts and sustained exchange outflows, Ethereum is facing a market environment shaped by strong usage fundamentals and significant institutional interest. Whether these factors will be enough to propel ETH through its long-standing price ceiling will likely be determined in the coming sessions, as traders watch for either a confirmed breakout or signs of rejection at the $4,750 level. Featured image created with DALL-E, Chart from TradingView
Popcat rallied 13.89% to $0.34 as buyers returned in the market to accumulate the memecoin.
The cryptocurrency exchange Bullish experienced a notable debut on the New York Stock Exchange (NYSE) on Wednesday, opening at $90 per share—a 143% increase from its initial public offering (IPO) price of $37. According to CNBC data , the stock, trading under the ticker name BLSH, quickly attracted attention, reaching a halt at around $102.44 per share. This signals strong investor interest in the digital asset sector, as firms are increasingly flocking to go public under a new regulatory dawn in the US. Bullish Prices IPO Above Expectations Bullish priced its IPO significantly higher than the anticipated range of $32 to $33 earlier this week, and even above last week’s initial expectations of $28 to $31. This pricing strategy valued the company at approximately $5.4 billion before trading commenced. Bullish is led by former New York Stock Exchange President Tom Farley and backed by tech billionaire Peter Thiel, focusing on providing a crypto exchange platform tailored for institutional investors with the goal to merge decentralized finance (DeFi) protocols with the security of a centralized financial entity. In an interview on CNBC’s “Squawk on the Street,” Farley expressed optimism about the future of institutional investment in cryptocurrency . He noted that while the previous decade saw retail investors dominate the market, the tide is shifting. “The institutional wave has begun,” Farley further stated during the interview, emphasizing the significant reception the exchange has received during its initial public offering process. Resurgence Of Crypto IPOs Bullish’s debut comes amid a favorable regulatory environment under President Donald Trump’s administration, which has encouraged other companies to pursue public listings. For instance, stablecoin issuer Circle (CRCL) recently made a successful stock market entry, raising over $1 billion. The stablecoin issuer also saw its CRCL stock rise over 168% in its first day on the NYSE back in June. Other firms, including Mike Novogratz’s Galaxy Digital and the trading app eToro, have also transitioned to Nasdaq, further contributing to a resurgence in crypto-related IPOs . Companies like BitGo and Gemini are also preparing to file for US listings. Despite the excitement surrounding its public offering, Bullish reported a significant loss of $349 million for the quarter ending March 31, a stark contrast to the $105 million profit recorded in the same quarter the previous year. Alongside Bullish’s IPO, World Liberty Financial (WLFI) celebrated the closing of a $1.5 billion offering at the Nasdaq MarketSite in Times Square on Wednesday. The event was marked by the ringing of the Opening Bell, attended by key figures including Zach Witkoff, Co-Founder and CEO of World Liberty Financial, and President Trump’s son Eric Trump . Featured image from DALL-E, chart from TradingView.com