Solana price (SOL) strengthened after two whale transfers totaling about $214 million off Coinbase Institutional, signaling large-holder accumulation and reduced immediate sell pressure — a development that supports a bullish
Gemini Space Station’s initial public offering pulled in $425m late Thursday, marking one of the strongest debuts for a digital asset platform in recent memory. The New York-based firm, founded by Cameron and Tyler Winklevoss, priced 15.2m shares at $28 each, above its earlier guidance of $24 to $26, Bloomberg reported . The final pricing reflected robust investor demand even after Gemini lifted its proposed range from $17 to $19 last week. Gemini IPO Capped At $425M Despite Heavier Demand Bankers halted new orders ahead of pricing after the book filled at speed. Reuters reported that demand outpaced supply by more than twentyfold. Gemini raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares, according to a person familiar with the matter https://t.co/dAfdvXCuwW — Bloomberg (@business) September 11, 2025 In a rare move, Gemini and its underwriters capped proceeds at $425m, even though the sale could have raised up to $433m without the limit. Nasdaq committed to purchase 50m dollars worth of stock in a private placement at the IPO price. The deal also set aside as much as 10% of shares for long-standing users, employees and close associates, and up to 30% for retail investors on platforms such as Robinhood, SoFi and Webull. The offering gives Gemini a market value of just over $3b dollars at the top of its pricing range. The company, incorporated as Gemini Space Station Inc. for the listing, is expected to begin trading on Friday under the symbol GEMI. Goldman Sachs and Citigroup led the offering as joint bookrunners. Winklevoss Twins Retain 94.5% Voting Power The decision to cap proceeds meant any further price increase reduced the number of shares sold rather than expanding the total size of the IPO. Such structuring is rare but reflects the twin goals of maximizing pricing while maintaining control of the company’s equity base. The Winklevoss brothers, who founded Gemini in 2014 as a regulated US crypto exchange, owned nearly the entire company before the sale. Filings show they will retain about 94.5% of voting power after the IPO, ensuring tight control even as the company becomes publicly traded. The listing comes at a delicate moment for digital asset companies, which have seen valuations recover alongside Bitcoin’s climb above $115,000 this week. Investors appear willing to pay up for established exchanges, betting on growth in spot trading, custody services and exchange-traded products tied to digital assets. Gemini Keeps Use Of Funds Broad And Undisclosed The IPO’s success also points to rising appetite for equity in crypto infrastructure, even as regulators in the US step up scrutiny of trading venues. By raising public capital, Gemini joins Coinbase and Robinhood in offering investors exposure to crypto markets without directly holding tokens. Proceeds from the offering are expected to go toward technology expansion and strengthening compliance functions, though the company has not disclosed a detailed breakdown. For now, the twin founders can claim a successful debut. After years of building Gemini against competition from Coinbase, Binance.US and Kraken, they now lead one of the most oversubscribed US listings of 2025. The post Crypto Exchange Gemini Raises $425M In Heavily Oversubscribed IPO appeared first on Cryptonews .
ModStealer is a cross-platform crypto wallet malware that evades mainstream antivirus, targets browser wallet extensions and system credentials, and exfiltrates data to remote C2 servers. It uses fake job-recruiter packages
As Ethereum (ETH) trades in the mid $4,000 range, the Chicago Mercantile Exchange (CME) futures open interest (OI) for the digital asset continues to hit new highs. Against that backdrop, analysts are now predicting a new all-time high (ATH) for ETH later this year. Ethereum New ATH By End Of 2025? According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum’s CME futures OI is steadily moving towards new highs. The analyst brought attention to past data about Ethereum futures OI to predict its next move. Related Reading: Ethereum Marches Upward Without Leverage Overheating – Sign Of Structural Health? Back in 2021-2022, Ethereum futures OI remained relatively low, largely dominated by 1-2 month contracts. At the time, although ETH gained bullish momentum, institutional exposure to the cryptocurrency on CME was still limited. In sharp contrast, during the 2022 bear market, a drop in the ETH price led to a steep decline in its OI. While the period was still dominated by short-term contracts, long-term contracts stayed low, indicating weak institutional confidence in ETH. However, a trend change was observed during the 2023-2024 recovery as Ethereum OI started to rise again – specifically among 3-6 month contracts. Simultaneously, institutional demand grew alongside ETH’s price. Fast-forward to 2025, Ethereum OI has surged to new highs. As ETH rallied to the $4,500 to $5,000 range, there was a noticeable growth in short-term contracts. This dynamic indicates strong institutional participation and demand for derivatives. The CryptoQuant analyst explained the implications of two potential combinations of OI and contract concentration. First, high OI with concentrated short-term contracts can lead to increased volatility, potentially leading to sharp swings and liquidation cascades. On the contrary, rising long-term OI in 3-6 month contracts indicates growing institutional confidence and potential for higher ETH prices in the long-term. That said, crowded leveraged positions could trigger rapid corrections in the short term. PelinayPA added: ETH is trading around $5K (near ATH) with record OI on CME clear evidence of institutional FOMO. While this supports the ongoing bull trend, liquidation risk is high. Short term volatility and corrections are likely, but the medium to long term outlook remains bullish. Concluding, the analyst predicted that ETH could reach the $6,800 resistance level by the end of 2025. However, any deterioration in the global macroeconomic outlook could stall ETH’s momentum temporarily. Case For A New ETH ATH Besides the aforementioned prediction on the back of rising institutional interest in ETH, positive exchange data is also likely to benefit the cryptocurrency. For example, recent ETH outflows from Binance drove the supply ratio to a new low. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum In addition, an increasing amount of ETH continues to be staked on the Ethereum network, strengthening the smart contract platform’s fundamentals and making it more robust. At press time, ETH trades at $4,409, down 0.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Smarter Web Company boss shakes off recent share price slide as value of crypto holding rises above £200mn
Whale activity and short liquidations strengthen Solana price momentum, though overheating signals caution.
BitcoinWorld Anticipated Ethereum Fusaka Upgrade: A Pivotal Step Towards November Mainnet Deployment The cryptocurrency world is buzzing with anticipation as Ethereum core developers set their sights on a significant milestone: the Ethereum Fusaka upgrade . This crucial network enhancement is now tentatively slated for mainnet deployment as early as November, marking a pivotal moment for the blockchain ecosystem. For anyone invested in the future of decentralized applications and digital finance, understanding this development is key. Understanding the Ethereum Fusaka Upgrade : What’s Next? At a recent All Core Devs Execution (ACDE) meeting, the developers shared their ambitious timeline. The Ethereum Fusaka upgrade represents the network’s next major hard fork, designed to bring essential improvements to the Ethereum blockchain. These upgrades are not just technical tweaks; they are fundamental steps towards a more robust, efficient, and scalable platform. The path to mainnet is carefully planned. Before the upgrade reaches the public, developers will conduct thorough analysis on the Fusaka devnet-5. This initial phase is critical for identifying and resolving any potential issues in a controlled environment. A smooth conclusion here is paramount for the subsequent stages. The Crucial Testnet Journey for the Ethereum Fusaka Upgrade Following a successful devnet-5 analysis, a series of public testnet upgrades are scheduled. These testnets act as dress rehearsals, allowing developers, validators, and application providers to test their systems against the new hard fork in real-world conditions, without affecting the main Ethereum network. The scheduled testnets include: Holesky Testnet: Targeted for September 29. This will be an early opportunity for extensive testing. Sepolia Testnet: Expected on October 13. Another vital phase to ensure stability and compatibility. Hoodi Testnet: Slated for October 27. The final major testnet before the mainnet deployment, aiming to catch any remaining glitches. This phased approach underscores Ethereum’s commitment to security and reliability. Each testnet serves as a critical checkpoint, ensuring that the Ethereum Fusaka upgrade is thoroughly vetted before its widespread release. It’s a testament to the developers’ dedication to a stable and secure network. Why the Ethereum Fusaka Upgrade is Important for You You might be wondering, "How does this affect me?" The Ethereum Fusaka upgrade is designed to enhance several aspects of the network, ultimately benefiting all users and developers. While specific details of the upgrade’s features are still emerging, hard forks typically aim for improvements in areas like: Network Efficiency: Making transactions faster and potentially cheaper. Scalability: Increasing the network’s capacity to handle more transactions. Security: Strengthening the blockchain against potential threats. Developer Experience: Providing new tools and functionalities for building innovative decentralized applications. These enhancements contribute to a more vibrant and accessible ecosystem, fostering innovation and making Ethereum an even more attractive platform for various applications, from DeFi to NFTs. The goal is to solidify Ethereum’s position as a leading blockchain for the future. Preparing for the Ethereum Fusaka Upgrade : What Users Should Know As the November target approaches, it’s natural for users and developers to prepare. For most everyday users, direct action may not be immediately required. However, staying informed is always a good practice. If you run a node, use specific dApps, or are a developer, here are some actionable insights: Stay Updated: Follow official Ethereum channels and reputable crypto news sources for announcements. Node Operators: Be ready to upgrade your client software when new versions are released for the testnets and mainnet. DApp Developers: Test your applications on the upcoming testnets to ensure compatibility with the Ethereum Fusaka upgrade . This proactive approach helps ensure a smooth transition and allows everyone to fully leverage the benefits of the new upgrade. The collective effort of the community is vital for a successful hard fork. The proposed November timeline for the Ethereum Fusaka upgrade signifies an exciting period of growth and development for the Ethereum network. With a meticulous testing schedule involving multiple devnets and testnets, the core developers are ensuring a robust and secure transition. This upgrade promises to enhance Ethereum’s capabilities, benefiting its vast ecosystem of users and innovators. Get ready for a stronger, more efficient Ethereum! Frequently Asked Questions (FAQs) 1. What is the primary goal of the Ethereum Fusaka upgrade ? The primary goal of the Ethereum Fusaka upgrade is to introduce essential improvements and enhancements to the Ethereum blockchain, aiming for greater efficiency, scalability, and security. 2. When is the Ethereum Fusaka upgrade expected to go live on the mainnet? Ethereum core developers are targeting mainnet deployment for the Ethereum Fusaka upgrade as early as November, following a series of successful testnet phases. 3. What are the key testnets involved before the mainnet deployment? Before the mainnet deployment, the Ethereum Fusaka upgrade will undergo testing on the Fusaka devnet-5, followed by the Holesky testnet (Sept. 29), Sepolia testnet (Oct. 13), and Hoodi testnet (Oct. 27). 4. Do regular Ethereum users need to do anything specific for the Fusaka upgrade ? For most regular Ethereum users, direct action is generally not required. However, it’s always recommended to stay informed through official channels and ensure your wallets or dApps are updated if prompted. 5. How will the Ethereum Fusaka upgrade benefit the network? The Ethereum Fusaka upgrade is expected to bring benefits such as improved network efficiency, enhanced scalability, stronger security, and better tools for developers, ultimately creating a more robust and user-friendly Ethereum ecosystem. If you found this article insightful, please consider sharing it with your network on social media. Your shares help us spread awareness about important developments in the crypto space and keep the community informed about the future of Ethereum! To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum network upgrades. This post Anticipated Ethereum Fusaka Upgrade: A Pivotal Step Towards November Mainnet Deployment first appeared on BitcoinWorld and is written by Editorial Team
The Avalanche Foundation, a non-profit organization that supports the Avalanche (AVAX) blockchain ecosystem, is reportedly seeking to raise $1 billion through a major fundraising campaign to create two AVAX treasuries. This initiative aligns with a broader trend in the cryptocurrency space, where various organizations and traditional finance firms are experimenting with crypto treasury models to strengthen their financial stability and operational capabilities. Avalanche Foundation To Offer Discounted AVAX Tokens According to the Financial Times, the Avalanche Foundation is in advanced talks to create two crypto treasuries in the United States. These moves come at a time when the foundation is gaining traction among institutional investors, with firms like BlackRock and Visa already utilizing the Avalanche blockchain for their operations. The foundation’s strategy involves launching one digital asset treasury company while converting an existing firm into a treasury vehicle. The goal is to secure approximately $1 billion, with the expectation to finalize these deals within weeks. The funds raised are earmarked for the acquisition of millions of AVAX tokens , which will be offered at a discounted price directly from the Avalanche Foundation. This approach is aimed to not only support the foundation’s growth but also to enhance the liquidity and market presence of AVAX amid an increasingly competitive treasury companies landscape. AVAX Price Approaches $30 Per the report, the first fundraising deal aims to secure up to $500 million through a private investment led by Hivemind Capital, with expectations to finalize the agreement by the end of the month. Notably, Anthony Scaramucci, a crypto investor and former White House press secretary, is advising on this initiative. The second funding endeavor involves a special purpose acquisition vehicle (SPAC) sponsored by Dragonfly Capital, which is also targeting a $500 million raise. This deal may take longer to conclude, potentially stretching into October. Both initiatives will focus on purchasing discounted AVAX tokens held by the Avalanche Foundation, which has a total supply of 720 million tokens, with approximately 420 million currently circulating. The broader cryptocurrency market has seen a surge in fundraising activities this year. Companies have raised over $16 billion to stockpile crypto assets, often inspired by the successful Bitcoin (BTC) treasury model of Strategy (formerly MicroStrategy). Tokens associated with other blockchains, such as Ethereum (ETH) and Solana (SOL), have also seen significant price increases. These tokens were selected by major publicly traded companies in the US for their respective crypto-focused treasuries. Although AVAX has not experienced the same upward momentum, CoinGecko data shows that it has recorded gains of up to 17% in the weekly time frame. As of this writing, the AVAX price is approaching the key $30 mark, a level not seen since February of this year. Featured image from DALL-E, chart from TradingView.com
COINOTAG News on September 12, citing Farside Investors monitoring, reported a total $552.7 million net inflow into US Bitcoin spot ETFs yesterday, marking the fourth consecutive day of net inflows;
Security firm Mosyle has disclosed ModStealer, a cross-platform malware that evades antivirus software and targets browser wallets.