Filing – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 13 Sep 2025 03:10:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Filing – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin Cash Price Prediction: Grayscale Updates ETF Filing – Is BCH the Next Sleeper to Explode? https://earlybirdsinvest.com/bitcoin-cash-price-prediction-grayscale-updates-etf-filing-is-bch-the-next-sleeper-to-explode/ https://earlybirdsinvest.com/bitcoin-cash-price-prediction-grayscale-updates-etf-filing-is-bch-the-next-sleeper-to-explode/#respond Sat, 13 Sep 2025 03:10:07 +0000 https://earlybirdsinvest.com/bitcoin-cash-price-prediction-grayscale-updates-etf-filing-is-bch-the-next-sleeper-to-explode/

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Alejandro Arrieche

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Alejandro Arrieche

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Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has…

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Bitcoin Cash (BCH) is gaining fresh momentum as Grayscale moves forward with its updated ETF application – fueling a wave of speculation and strengthening a bullish Bitcoin Cash price prediction.

The firm’s revised filing brings a potential BCH-backed ETF in the U.S. one step closer to reality, with the countdown now on for regulatory approval.

If launched, the ETF could significantly boost demand by opening the door to institutional capital.

The SEC could take up to 180 days to respond to this updated filing for Bitcoin Cash and another 60 days in case they see the need to make amendments.

Bitcoin Cash Price Prediction: BCH Could Climb to $1,000 If It Breaks This Key Resistance

Bitcoin Cash (BCH) is closing in on a major milestone, with a potential flip of Avalanche (AVAX) and Stellar (XLM) on the horizon.

If these rivals fail to catch up with the market’s latest bullish surge, BCH could climb into the 15th spot on crypto’s market cap. rankings.

bitcoin cash price chart

echnically, BCH has been riding a clean ascending price channel since April, pointing to a sustained uptrend.

The token is now approaching a key resistance level near $630 – a zone it’s tested twice before.

A third breakout attempt could be the one that sticks.

If bulls push past $750, especially on high volume, it would confirm a breakout and set the stage for a powerful rally toward $1,000 in the near term.

And with altcoin season accelerating, many investors are looking beyond large caps for higher upside.

That’s why early movers are now shifting focus to top crypto presales – projects with breakout potential that could outpace even BCH as momentum floods back into the market.

That’s where Bitcoin Hyper comes in.

Bitcoin Hyper (HYPER) Presale Explodes Past $15M – Next Crypto to 10X?

Bitcoin Hyper (HYPER) has just smashed past $15.3 million raised, making it one of the fastest-moving presales of the year.

Why all the hype?

Because this is the first real way to use your Bitcoin for staking, lending, and earning yield – without leaving the Bitcoin network.

bitcoin hyper presale

Here’s how it works:

The Hyper Bridge moves your BTC into a secure wallet, then mirrors it onto Hyper Layer 2, built for speed and low fees.

This unlocks real utility for Bitcoin, powered by Solana’s blazing-fast tech – letting you do more with your BTC than ever before.

It’s the best of both worlds: Bitcoin’s strength + Solana’s scalability.

And as more wallets and exchanges integrate with Hyper, buying pressure on $HYPER is expected to surge.

Billions in liquidity could flow into this ecosystem – and those who get in early stand to benefit the most.

To get involved, visit the official Bitcoin Hyper website and connect your wallet (e.g., Best Wallet).

You can use crypto or a bank card to complete your purchase in seconds.

Visit the Official Website Here


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Chainlink Surges 3% to $24 After U.S. Government Data Partnership and Bitwise ETF Filing https://earlybirdsinvest.com/chainlink-surges-3-to-24-after-u-s-government-data-partnership-and-bitwise-etf-filing/ https://earlybirdsinvest.com/chainlink-surges-3-to-24-after-u-s-government-data-partnership-and-bitwise-etf-filing/#respond Wed, 03 Sep 2025 04:06:44 +0000 https://earlybirdsinvest.com/chainlink-surges-3-to-24-after-u-s-government-data-partnership-and-bitwise-etf-filing/

Chainlink (LINK) surged 3% to trade around $24 on Monday, marking a beginning of a strong performance in September despite a broadly cautious crypto market.

Related Reading

The rally was fueled by two significant announcements: a landmark U.S. government partnership to publish macroeconomic data on-chain and Bitwise’s filing for a spot Chainlink ETF with the SEC.

The U.S. Department of Commerce confirmed that the Bureau of Economic Analysis (BEA) will now release critical indicators such as GDP growth and the PCE Price Index directly across blockchain ecosystems like Ethereum, Arbitrum, and Optimism.

Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which already handled $130 million in transfers this week, will play a vital role in ensuring data reliability across networks.

Government Data Goes On-Chain

The ETF move positions Chainlink at the forefront of blockchain adoption by governments. Commerce Secretary Howard Lutnick believes that the decision indicates America’s growing commitment to digital innovation, noting that the first on-chain data point published was a 3.3% GDP growth figure.

Analysts believe the integration of government data could revolutionize sectors ranging from automated trading strategies to decentralized finance (DeFi) risk management.

Mike Cahill, founder of Douro Labs and a core contributor to Pyth Network, called the initiative “a new wave of transparency and innovation.

By bringing trusted government data on-chain, Chainlink strengthens its role as a backbone for blockchain-based financial products, real-time prediction markets, and tokenized asset platforms.

Chainlink LINK LINKUSD

LINK's price trends to the upside on the daily chart. Source: LINKUSD on Tradingview

Chainlink (LINK) Price Forecast

From a technical perspective, Chainlink’s price action shows bullish momentum building near resistance levels. The token rebounded from $23 support last weekend and is now testing the $23.50–$24 resistance zone. A successful breakout above $25.50 could open the door for targets at $27.20 and $29.50, aligning with February’s highs.

However, analysts caution that a failure to hold above $24.20 may weaken the short-term outlook, potentially pushing LINK back toward the $23.00 support area. Still, with institutional interest rising after Bitwise’s ETF filing and government adoption underway, sentiment around Chainlink remains notably bullish.

Related Reading

As one of the few altcoins outperforming in a market weighed down by Bitcoin’s pullback, Chainlink’s latest surge may be a sign of growing resilience, and possibly the start of a larger breakout.

Cover image from ChatGPT, LINKUSD on Tradingview

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Gemini IPO filing reveals Ripple credit deal, $282M net loss in 2025 https://earlybirdsinvest.com/gemini-ipo-filing-reveals-ripple-credit-deal-282m-net-loss-in-2025/ https://earlybirdsinvest.com/gemini-ipo-filing-reveals-ripple-credit-deal-282m-net-loss-in-2025/#respond Tue, 19 Aug 2025 04:42:40 +0000 https://earlybirdsinvest.com/gemini-ipo-filing-reveals-ripple-credit-deal-282m-net-loss-in-2025/

Gemini has filed for a Nasdaq IPO under the ticker GEMI, revealing a $282.5 million net loss for the first half of 2025.

The exchange also disclosed a $75 million credit agreement with Ripple in the Aug. 15 filing submitted to the US Securities and Exchange Commission (SEC),

The exchange, founded by Cameron and Tyler Winklevoss, joins a wave of crypto companies seeking public market access following President Donald Trump’s return to the White House. 

The filing disclosed financial details that position Gemini as the third potential US crypto exchange to trade publicly after Coinbase and Bullish.

Bitwise chief investment officer Matthew Hougan had predicted this movement in December 2024, naming 2025 the “Year of the Crypto IPO” with at least five crypto unicorns expected to go public in the US. 

Hougan and the firm’s head of research, Ryan Rasmussen, identified “growing investor demand, institutional adoption, a favorable macro environment, and a warmer political environment” as the main catalysts driving crypto companies to pursue public listings following Trump’s election victory.

Financial performance and Ripple partnership

Gemini’s losses widened considerably from $41.4 million in the first half of 2024 to $282.5 million during the same period in 2025. 

The exchange posted total revenue of $67.9 million for the six months, down from $74.3 million year-over-year. For the full year 2024, Gemini recorded a net loss of $158.5 million on revenue of $142.2 million.

The filing revealed the exchange entered a credit agreement with Ripple Labs in July. The deal permits lending requests of at least $5 million each up to an aggregate commitment of $75 million.

The agreement allows increases up to $150 million based on specific metrics. 

Once the initial commitment exceeds $75 million, lending requests may utilize USD-denominated Ripple’s RLUSD stablecoin upon mutual consent. 

All lending bears interest rates of 6.5% or 8.5% annually and requires collateral security with repayment in US dollars.

Industry momentum under

The crypto IPO trend gained momentum after Trump’s Jan. 20 inauguration, with multiple exchanges and crypto-native companies pursuing public listings. 

Circle completed its NYSE debut in June, raising over $1.2 billion and seeing shares surge 472% relative to Bitcoin since launch. 

The stablecoin issuer’s market capitalization reached $66.9 billion, exceeding its USDC circulating supply of $61.27 billion.

Hougan and Rasmussen specifically identified Circle, Kraken, Anchorage Digital, Chainalysis, and Figure as the five strongest candidates for IPO listings in 2025. 

Their prediction proved prescient as Circle completed its blockbuster NYSE debut in June, Bullish followed in August, and now Gemini is pursuing its public offering. 

Galaxy Digital had already transferred its listing from Toronto to Nasdaq in May, while crypto trading platform eToro debuted with services including crypto investments.

The momentum reflects broader institutional confidence in crypto’s regulatory outlook under Trump. 

Hougan emphasized that the Trump administration’s pro-crypto stance creates unprecedented opportunities for digital asset companies to access traditional capital markets. Additionally, he stated that 2025 represents a “warmer political environment” for crypto IPOs compared to previous years.

Regulatory strategy and structure

Gemini plans to operate through a dual-entity structure, separating operations between New York-based Gemini Trust and Florida-based Moonbase. 

The Moonbase entity will serve as the primary platform for most users, allowing the exchange to navigate New York’s restrictive BitLicense regulations that limit staking services.

This structure reflects the company’s approach to maintaining operational flexibility while addressing complex state-level regulatory requirements.

Goldman Sachs, Citigroup, Morgan Stanley, and Cantor serve as lead bookrunners for the offering. The IPO terms remain undisclosed, with completion subject to SEC review and market conditions.

Mentioned in this article
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TMTG moves closer to launching spot Bitcoin ETF with amended S-1 filing https://earlybirdsinvest.com/tmtg-moves-closer-to-launching-spot-bitcoin-etf-with-amended-s-1-filing/ https://earlybirdsinvest.com/tmtg-moves-closer-to-launching-spot-bitcoin-etf-with-amended-s-1-filing/#respond Tue, 12 Aug 2025 08:27:22 +0000 https://earlybirdsinvest.com/tmtg-moves-closer-to-launching-spot-bitcoin-etf-with-amended-s-1-filing/

Trump Media and Technology Group (TMTG) has filed its first amended registration statement with the Securities and Exchange Commission (SEC) for the Truth Social Bitcoin ETF, advancing plans to enter the fast-growing spot Bitcoin ETF market.

The ETF, to be listed on NYSE Arca under the ticker B.T., will hold Bitcoin (BTC) directly and seek to track the flagship crypto’s market price. Crypto.com will act as the exclusive custodian, prime execution agent, and liquidity provider, while Yorkville America Digital will serve as the ETF’s sponsor.

The ETF’s structure allocates 70% of its assets to Bitcoin, with 15% in U.S. Treasury securities and 15% in cash or cash equivalents, aiming to balance exposure to the crypto with traditional financial instruments.

The launch remains subject to SEC approval of both the updated Form S-1 registration and a separate Form 19b-4 listing application. The company has not provided a specific launch date but indicated it expects the fund to go live before year-end.

TMTG, parent of the Truth Social social platform, streaming service Truth+, and fintech brand Truth.Fi, said the ETF forms part of a broader Bitcoin-focused strategy.

The strategy includes building a corporate Bitcoin treasury and expanding into digital asset products through its financial services division. The company has already committed substantial capital to Bitcoin acquisitions this year, positioning itself among the more aggressive corporate entrants into the sector.

If approved, the Truth Social Bitcoin ETF would enter a competitive landscape dominated by heavyweight issuers such as BlackRock, whose spot Bitcoin ETF has drawn billions in inflows since the first U.S. approvals in January and set multiple records.

The ETFs have attracted a mix of institutional and retail investors seeking regulated exposure to Bitcoin without the need for self-custody.

The filing also highlights the political dimension of TMTG’s crypto ambitions. President Donald Trump, the company’s majority shareholder, has made digital assets a policy priority, pledging to roll back what he calls restrictive regulations and promote U.S. leadership in the crypto economy.

A spot Bitcoin ETF tied to a political brand of Trump’s profile would be unprecedented in the market, potentially attracting a distinct investor base but also intensifying public and regulatory scrutiny.

The timing of the filing reflects an environment where spot Bitcoin ETFs are gaining mainstream acceptance and competitive differentiation is becoming critical. While the SEC has approved multiple products this year, new entrants face the challenge of building liquidity and investor trust in a market already served by established issuers.

Mentioned in this article
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Harvard Reports $116M Stake in BlackRock’s iShares Bitcoin ETF in Latest Filing https://earlybirdsinvest.com/harvard-reports-116m-stake-in-blackrocks-ishares-bitcoin-etf-in-latest-filing/ https://earlybirdsinvest.com/harvard-reports-116m-stake-in-blackrocks-ishares-bitcoin-etf-in-latest-filing/#respond Fri, 08 Aug 2025 21:37:12 +0000 https://earlybirdsinvest.com/harvard-reports-116m-stake-in-blackrocks-ishares-bitcoin-etf-in-latest-filing/

Harvard Management Company, which oversees the university’s $50 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin Trust (IBIT) in its latest quarterly filing with the U.S. Securities and Exchange Commission (SEC).

The stake, reported in a Form 13-F on Friday covering holdings as of June 30, 2025, represents one of the largest known bitcoin allocations by a U.S. university endowment. IBIT, launched in January of last year, is a spot bitcoin exchange-traded fund that allows investors to gain exposure to the cryptocurrency without directly holding it.

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The position places the university among a growing cohort of institutional investors — from hedge funds to pension systems — adding regulated bitcoin products to their portfolios.

The disclosure comes as total assets across U.S. spot bitcoin ETFs have climbed into the tens of billions of dollars, driven by both retail inflows and large-scale institutional allocations. For endowments, the ETF structure offers daily liquidity and SEC oversight, which can help meet governance and compliance requirements for alternative investments.

Harvard didn’t provide further comment on the filing.

Read more: U.S. Endowments Are Leaning Into Crypto: FT

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Hayden Davis Rebrands Controversial LIBRA Token As A Memecoin In Court Filing – Details https://earlybirdsinvest.com/hayden-davis-rebrands-controversial-libra-token-as-a-memecoin-in-court-filing-details/ https://earlybirdsinvest.com/hayden-davis-rebrands-controversial-libra-token-as-a-memecoin-in-court-filing-details/#respond Sun, 27 Jul 2025 21:02:08 +0000 https://earlybirdsinvest.com/hayden-davis-rebrands-controversial-libra-token-as-a-memecoin-in-court-filing-details/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Hayden Davis, creator of the LIBRA token, has now described the crypto project as a memecoin in a recent court filing as part of a legal strategy to counter a class-action lawsuit. The American crypto entrepreneur and marketer continues to draw negative attention and remains under investigation following the highly questionable launch and crash of LIBRA in February 2025.

Davis’ Clash With US Private Investor Forces LIBRA Memecoin Admission – Report

The LIBRA project gained much popularity following public promotion by Argentine President Javier Milei on X, on February 14, 2025. The crypto token’s value soared to $5 in a few hours following its launch before plummeting to nearly $0. Since then, the nation’s leader has distanced himself from the crypto project while even authorizing an investigation into the event by the nation’s anti-corruption office.

According to local Argentine media Clarin, Omar Hurlock, a US private investor, through American law firm Burwick Law, has since initiated a class-action lawsuit against Hayden Davis and other persons behind LIBRA, including Benjamin Chow, co-founder of the Meteora platform, and Julian Peh, head of Kip Protocol.

In a 30-page defence against Hurlock’s claims of running a scam, Hayden Davis states the US investor has no evidence to back the complaints of ever purchasing tokens from him or other developers of the crypto project. In particular, Davis attacks Hurlock’s credibility to lead a class action in a case he is not a direct victim.

Furthermore, the crypto entrepreneur also publicly refers to LIBRA as a memecoin for the first time since the incident in February. Before this statement, the cryptocurrency had been previously described by all parties involved as an investment fund targeted at financing Argentine companies.

In ascribing memecoin status to LIBRA, the defendant emphasizes the speculative nature of this token while also claiming no promises were made to prospective investors. A statement from the brief reads:

Defendants provided no plans, details, or infrastructure to potential purchasers of the memecoin, nor did they provide detailed disclosures or tokenomic distribution information regarding how the funds raised would be allocated to fulfill the [allegedly] promised economic initiatives

The case is presently filed at the District Court for the Southern District of New York under Judge Jennifer L. Rochon and is scheduled for a hearing on August 19. The outcome of this lawsuit is also expected to influence the status of $250 million in frozen assets, which are linked to profits from the LIBRA project.

Price Overview

At press time, LIBRA trades at $0.01690 with its total market cap valued at $4.61 million.

LIBRA
LIBRA trading at $0.016372 on the daily chart | Source: Tradingview.com

Featured image from The Economist, chart from Tradingview

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Truth Social Goes Full Crypto—SEC Considers Trump-Linked ETF Filing https://earlybirdsinvest.com/truth-social-goes-full-crypto-sec-considers-trump-linked-etf-filing/ https://earlybirdsinvest.com/truth-social-goes-full-crypto-sec-considers-trump-linked-etf-filing/#respond Tue, 08 Jul 2025 15:11:59 +0000 https://earlybirdsinvest.com/truth-social-goes-full-crypto-sec-considers-trump-linked-etf-filing/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US regulators have kicked off the formal review of a new spot‑crypto fund. Investors won’t know for sure if it clears the hurdles until the US Securities and Exchange Commission makes a final call. But the filing itself signals growing acceptance of directly held crypto products.

ETF Application Sparks Interest

According to the SEC filing, Trump Media’s Truth Social unit wants an ETF listed on NYSE Arca with 75% in Bitcoin and 25% in Ether. Yorkville America Digital would sponsor the fund, while Foris DAX Trust Company—Crypto.com’s custody arm—would hold the coins. US President Donald Trump’s team submitted the S‑1 form on June 16, starting what is likely a 45‑day review clock.

Custody And Valuation Rules

Based on reports, the fund would value Bitcoin each trading day using the CME CF Bitcoin reference rate. Ether would use the CME CF Ether rate, unless the sponsor chooses another source. Private keys for both assets would sit in a cold wallet, kept separate from customer accounts. That setup aims to address long‑standing worries over hacks, theft and tangled custody failures.

Trump Media Truth Social ETF filing. Source. SEC.

A Crowd Of Competing Bids

Wall Street giants like BlackRock and Fidelity have filed pure‑Bitcoin ETF applications. Some firms are eyeing Ether‑only funds. Now a dual‑asset product is in the mix. If the SEC finalizes its planned “automated” listing framework, reviews could shrink from many months to a few. That rule would standardize disclosures, custody standards and market‑integrity checks for all spot‑crypto ETFs.

BTCUSD trading at $108,529 on the 24-hour chart: TradingView

Meanwhile, Fidelity’s spot‑Solana ETF hit another delay. The SEC pushed back its March 25 application and opened a new public‑comment window—21 days for feedback, 35 days for replies. Bloomberg analyst James Seyffart called this hold‑up “expected,” noting it shows the agency is still fine‑tuning data and disclosures before any approvals.

What Comes Next For Investors

Now the ball is in the SEC’s court. Regulators can sign off, send back comments or reject the bid. If leadership keeps up the push for faster, automated reviews, spot‑crypto ETFs might reach market this year. Until then, every move—from amendment requests to public comments—will matter for funds backed by Bitcoin, Ether and beyond.

ETF Race Intensifies

At stake is more than branding. Fees, trading speed and trust in custody will shape which funds win big money. And sponsors will need muscle to stand out in a growing field of nearly 10 proposals. Investors should keep a close eye on filings and deadlines to know when to act.

The race launched with Trump Media’s Truth Social filing, and it may well end—with approval or denial—under its banner. Truth Social’s entry has put a fresh spin on the push for regulated crypto products.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings https://earlybirdsinvest.com/popular-design-company-applies-for-ipo-filing-shows-70m-in-btc-etf-holdings/ https://earlybirdsinvest.com/popular-design-company-applies-for-ipo-filing-shows-70m-in-btc-etf-holdings/#respond Thu, 03 Jul 2025 04:33:20 +0000 https://earlybirdsinvest.com/popular-design-company-applies-for-ipo-filing-shows-70m-in-btc-etf-holdings/

Apart from the substantial inventory in the leading cryptocurrency, the document also shows that the company purchased $30M in USDC, which it intends to use for future Bitcoin buys.

The market expects this to be yet another highly anticipated IPO for 2025, after a failed acquisition by Adobe a few years ago.

Cloud-Based Platform With Plans To Go Public

Founded in 2012 by a computer scientist and graphics designer, the San Francisco-based company has filed for a public offering with the ticker “FIG”.

The idea behind the project was for anyone to “be creative by making free, simple & imaginative tools in a browser”.

It seems that it quickly caught on, as just the following year, they secured $3.8 million in seed funding from Index Ventures and Terrence Rohan.

From December 2015 to May 2021, the company raised an additional $129 million through A, B, C, and D-series funding, and its total valuation skyrocketed to $10 billion. A series E funding of $200 million was raised in June 2021.

Their revenue over the years has not been any less impressive, with the S-1 form stating $749M by the end of 2024, which was a 48% YoY (year-over-year) increase compared to 2023.

Some of the names they work with include ServiceNow, Netflix, Airbnb, Stripe, Mercado Libre, AWS, HP, etc. However, they are not exclusive to big businesses, as the services they offer cater to freelancers, solo founders, creative studios, and other small businesses.

A Leap Forward After a Step Back

The success of Figma was noticed by a big name in the design space – Adobe. In fact, they were so interested, they proposed a deal in September 2022 to buy them for $20 billion.

“Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,” said Adobe CEO Shantanu Narayen. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”

However, this deal was not widely accepted, as some viewed it as overvalued and potentially anticompetitive, given that the site was in direct competition with Adobe’s product, Adobe XD.

In February 2023, it was announced that the European Commission would review the deal under the European Union merger laws.

Later that same year, Adobe and Figma announced that the merger would be disbanded, as there was “no clear path to receive necessary regulatory approvals from the EU Commission and the UK Competition and Markets Authority.” A $1 billion reverse breakup fee was paid by Adobe to Figma, which was part of their initial agreement.

Fast forward to today, the company is still thriving, as evident in the numbers it has presented over the years, and its intention to go public on the New York Stock Exchange.

The Bitcoin Treasury Trend Continues

Figma is another in a now lengthy line of establishments that have announced they hold BTC.

As CryptoPotato reported, interest from corporations in the asset shows no signs of slowing down.

For a third consecutive quarter, companies have outpaced the purchases of Bitcoin from exchange-traded funds (ETFs).

141 public and 42 private companies now collectively hold 5.7% of the total circulating supply, while ETFs and other funds hold approximately 7%, according to data from BitcoinTreasuries.

This direction has been reinforced by the regulatory changes that have brought ease to the crypto world, as CNBC noted, under the Trump administration.

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$1 Billion Filing by Bakkt Hints at Bitcoin Treasury Ambitions https://earlybirdsinvest.com/1-billion-filing-by-bakkt-hints-at-bitcoin-treasury-ambitions/ https://earlybirdsinvest.com/1-billion-filing-by-bakkt-hints-at-bitcoin-treasury-ambitions/#respond Sat, 28 Jun 2025 02:24:27 +0000 https://earlybirdsinvest.com/1-billion-filing-by-bakkt-hints-at-bitcoin-treasury-ambitions/

Bakkt Holdings has filed a shelf registration with the US Securities and Exchange Commission (SEC) to raise up to $1 billion through a variety of securities offerings while considering Bitcoin purchases for its corporate treasury.

The digital asset platform, backed by Intercontinental Exchange, outlined in its Form S-3 filing that it could issue common and preferred stock, debt instruments, warrants, or bundled securities depending on market conditions.

Bakkt’s Bitcoin Treasury Strategy

While Bakkt has yet to acquire Bitcoin, the filing aligns with a recent update to its investment policy, allowing the firm to allocate capital toward BTC and other digital assets under its broader treasury strategy.

The company stated the timing and scale of any potential crypto purchases would be influenced by several factors, such as capital market receptivity, operational performance, and strategic factors. The filing also acknowledges Bakkt’s history of operating losses and limited track record, and notes that it has identified factors that cast doubt on its ability to continue as a going concern, making the flexibility to tap into capital markets critical for the firm’s operational plans.

The $1 billion shelf registration would allow Bakkt to access funds swiftly if market conditions turn favorable, and provide optionality for the company amid its ongoing efforts to stabilize its financial footing while seeking opportunities in digital assets.

Bakkt On Crypto IPO Wave

The latest effort to secure capital and explore Bitcoin purchases comes as momentum builds in the crypto sector, which is evidenced by new IPO activity from firms like Circle and eToro, along with Gemini’s recent filing.

The NYSE-listed firm said that these milestones are “fostering a new kind of public participation in technology that’s reshaping the future of finance.” It went on to add,

“At Bakkt, we know what it means to run a public company in this space. These developments bring validation, visibility, and maturity to the market – but they also raise the bar for resilience, compliance, and transparency. That magnifies the importance of infrastructure.”

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XRP, SOL and DOGE STOP Crypto ETF filing among people with overwhelming SEC approved odds: Bloomberg https://earlybirdsinvest.com/xrp-sol-and-doge-stop-crypto-etf-filing-among-people-with-overwhelming-sec-approved-odds-bloomberg/ https://earlybirdsinvest.com/xrp-sol-and-doge-stop-crypto-etf-filing-among-people-with-overwhelming-sec-approved-odds-bloomberg/#respond Fri, 20 Jun 2025 23:30:33 +0000 https://earlybirdsinvest.com/xrp-sol-and-doge-stop-crypto-etf-filing-among-people-with-overwhelming-sec-approved-odds-bloomberg/

According to Bloomberg analysts James Seyfert and Eric Balknath, their respective deadlines add up the possibility that the Securities and Exchange Commission has approved most of the funds traded on filed crypto exchanges, including various XRP ETFs.

“We’ve raised the majority of the majority of SPOT Crypto ETF filings to over 90%,” said James Sefert of Bloomberg Intelligence in a post in X.

According to analysts, ETFs for assets such as Litecoin, Solana, XRP, Dogecoin and Cardano all sit above the 90% mark.

(Bloomberg)

These estimates reflect an increasing optimism from ETF experts following the 19B-4 acknowledgements and a wave of S-1 amendment requests from the Securities and Exchange Commission.

Analysts view this before and after process as a signal that the SEC is willing to work with the issuer now.

The only assets behind are SUIs submitted by Canary only. Bloomberg has assigned a 60% chance of approval, citing regulated futures and lack of regulatory uncertainty.

Polymarket bettors are also optimistic.

(Polymet)

They give the XRP ETF a 98% chance that it will be approved this year, giving the Sol ETF a 91% chance to win green light. It is also possible that Doge ETF has got Go-Amead and bettors are giving a 71% chance.

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