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Eightco (NASDAQ: ORBS) Introduces INFINITY, a First-of-its-Kind Authentication Platform Proving Humanness in the AI Era
Prnewswire· 2025-10-30 12:30
Core Insights - Eightco Holdings Inc. has launched the INFINITY platform, which provides secure, AI-resistant authentication for financial services and other industries, addressing the growing need for trust in digital transactions [1][2][3] - Kraken has joined the pilot program for INFINITY, aiming to streamline workflows for financial services and Digital Asset Treasuries, highlighting the importance of human verification in the digital economy [1][3] Company Overview - Eightco Holdings Inc. (NASDAQ: ORBS) focuses on building the authentication and trust layer for a post-AGI world, with strategic pillars including consumer, enterprise, and gaming authentication [4] - Kraken, established in 2011, is a leading crypto platform that offers trading in over 500 digital assets and various traditional assets, emphasizing security and transparency [5][6] Market Context - The financial services market is valued at $35 trillion, with crypto treasuries nearing $500 billion in assets under management, indicating a significant demand for secure authentication solutions [2] - The INFINITY platform is designed to protect against threats like deepfakes and Sybil attacks, which are increasingly relevant as AI adoption grows in enterprise systems [1][2][3] Strategic Vision - Eightco aims to establish a universal foundation for digital identity and Proof of Human verification, expanding its authentication technology into sectors like Gaming, E-Commerce, Energy, and Healthcare [3][4] - The collaboration between Eightco and Kraken is positioned as a step towards ensuring that authenticity is inherently understood within digital finance systems [3]
Crypto IPO Watch: OKX, TRON, Gemini Among Firms Planning To Go Public
Yahoo Finance· 2025-10-30 12:17
Company Developments - Figure Technology Solutions Inc. has filed for an initial public offering (IPO) on Nasdaq, marking its entry into the public market [1] - Gemini has disclosed a $75 million credit deal with Ripple, highlighting connections within the cryptocurrency sector [1] - Gemini's IPO registration with the U.S. SEC confirms plans to list on Nasdaq under the ticker "GEMI" [3] - The company reported a net loss of $282.5 million in H1 2025, following a $158.5 million loss in 2024, despite a 45% revenue increase to $142.2 million [2] - As of mid-2025, Gemini had 523,000 monthly active users and processed $24.8 billion in trading volume [2] Market Trends - A wave of crypto firms is preparing for IPOs, driven by growing institutional interest and a favorable regulatory climate in the U.S. [6] - Companies like Kraken, Bullish, and TRON are among those aiming to go public this year, following Circle's recent debut on the NYSE [6] - The cryptocurrency market is experiencing a recovery, with secondary market estimates placing Gemini's valuation at $10–$10.05 billion, up from $7 billion in 2022 [3] Funding and Valuation - Gemini has raised over $725 million across six funding rounds from notable investors including SoftBank and BlackRock [4] - Figure Technology Solutions reported a net income of $29.1 million on $190.6 million revenue in H1 2025, compared to a loss of $15.6 million on $156 million revenue a year earlier [7] - FalconX was valued at $8 billion during its last fundraising effort in 2022, when it raised $150 million [13] Regulatory Environment - The improved regulatory conditions in the U.S. are encouraging crypto firms to pursue public listings [5] - OKX is exploring a U.S. IPO after reentering the market following a $505 million settlement with the DOJ over anti-money laundering violations [10][11] - Ripple's leadership has confirmed that an IPO is not currently on the agenda, citing a strong financial position with significant cash reserves [29][30]
X @aixbt
aixbt· 2025-10-30 07:12
owen gunden deposited 2,587 btc to kraken but still holds 10,000+ btc. guy held through 3 separate 80% crashes since 2013 and now sells 20% at 100x profit. when diamond hands from the mt gox era start taking partial profits into etf liquidity, they're not calling a top. they're just not stupid enough to watch another 80% drawdown with generational wealth on the line ...
X @Lookonchain
Lookonchain· 2025-10-30 05:54
Market Trends & Whale Activity - A Bitcoin OG, Owen Gunden, holding over 10,000 $BTC, has been aggressively dumping $BTC recently [1] - Owen Gunden deposited 2,5876 $BTC (approximately $290 million) to Kraken in less than 10 days [1] - Owen Gunden, holding 10,959 $BTC (approximately $119 billion), deposited 1,448 $BTC (approximately $164 million) to Kraken again [1]
X @Whale Alert
Whale Alert· 2025-10-30 00:35
🚨 🚨 🚨 475 #BTC (52,505,543 USD) transferred from #Kraken to unknown wallethttps://t.co/vw0cYpV9yT ...