securitize ceo has just confirmed they will have a tokenized equity for the SPAC and an actual token for their companysecuritize token is coming. huge"the institutional cycle" https://t.co/eSe1Xa2exp ...

ETFs and Investment Products - 21Shares files S-1 with the SEC to launch an $INJ ETF [1] - BlackRock to launch its first Bitcoin-linked fund in the UK [2] Company Activities and Investments - Coinbase CEO confirmed Coinbase bought the UpOnlyTV NFT, signaling UpOnlyTV's return [1] - Ripple-backed Evernorth plans a US listing, aiming to raise over $1 billion and build the largest public $XRP treasury [1] - Blockchain[dot]com aims for a US stock listing via SPAC [2] - Strategy bought 168 $BTC worth ~$188 million, increasing their total holdings to 640,418 $BTC [2] Cryptocurrency and Blockchain Developments - Gemini introduced a Solana credit card, offering up to 4% back in $SOL with automatic staking for rewards [2] - BitMine Immersion claims to hold 324 million $ETH, worth $134 billion [2] - Solana founder Anatoly Yakovenko is building a new perp DEX called Percolator [2] Regulatory and Industry Events - The Federal Reserve will host its Payments and Digital Asset Innovation Conference on October 21 [2]

Core Viewpoint - Blockchain.com is in discussions to go public through a SPAC merger, with Cohen & Company Capital Markets appointed as an advisor for the potential transaction [1] Company Summary - The valuation of Blockchain.com for the potential SPAC transaction is currently unclear, but historical fundraising valuations have fluctuated significantly due to market volatility [1] - In March 2021, Blockchain.com raised $300 million, achieving a valuation of $5.2 billion [1] - In the following year, the valuation for a new fundraising round increased to $14 billion [1] - As of November 2023, a fundraising round of $110 million is expected to value Blockchain.com at $7 billion [1] Industry Summary - The cryptocurrency industry has seen a surge in public listings, with several peer companies completing or planning to go public this year [1] - SPACs are financial instruments that raise capital through an IPO and aim to acquire target companies within a specified timeframe to achieve indirect listings [1]

Core Insights - Blockchain.com is considering a US public listing through a SPAC deal, with Cohen & Company Capital Markets engaged as an advisor, though the status of discussions remains unclear [1][2] Company Developments - Since August 2021, Blockchain.com has aimed for a public offering, raising funds at various valuations, including $120 million in February 2021 and $300 million at a $5.2 billion valuation in March, peaking at $14 billion before adjusting to $7 billion after a $110 million raise in November 2023 [3] - To prepare for its public debut, Blockchain.com has expanded its leadership team, appointing Justin Evans as CFO and Mike Wilcox as COO, and adding Timothy Flynn and Landon Edmond to its board to enhance governance and regulatory expertise [4] Industry Trends - There is a strong momentum for public listings in the crypto sector, with firms like Circle, Bullish, and Gemini successfully going public in 2025 [5] - Blockchain.com has recently expanded its services into Africa, indicating its readiness for a public transition, which may occur this year or in 2026 [5][6] - The push for public listings by crypto firms suggests increasing investor confidence and regulatory clarity for US digital assets [6]

Core Insights - Ripple is supporting a new publicly traded XRP treasury firm named Evernorth, which aims to raise over $1 billion and has enlisted key Ripple backers for its initiative [1][2] - The deal is expected to close in Q1 2026, with net proceeds exceeding $1 billion primarily intended for purchasing XRP on the open market [2] - Evernorth's strategy includes generating returns for shareholders while enhancing XRP's utility and adoption, maintaining independent governance but receiving strategic advisory from Ripple executives [3][4] Company Strategy - Evernorth aims to capitalize on traditional finance yield generation strategies and explore decentralized finance (DeFi) yield opportunities, contributing to the growth of the XRP ecosystem [3] - The firm plans to engage in validator operations, DeFi, and market development by providing liquidity and participating in projects that advance XRP [5] - Evernorth's $1 billion XRP treasury would position it as the largest publicly traded XRP reserve, with other firms also planning significant XRP acquisitions [6]

🇺🇸 UPDATE: Blockchain[dot]com aims for a US stock listing via SPAC, per reports. https://t.co/uLDf2PNTTO ...

Core Insights - The cryptocurrency industry is experiencing a surge in public listings, with Blockchain.com negotiating a potential SPAC deal to go public in the U.S. [1][2] - Blockchain.com has seen significant fluctuations in its valuation due to market volatility, with a peak valuation of $14 billion in 2022 and a current valuation of $7 billion as of November 2023 [2] - The company is expanding its operations into several African countries, including Ghana, Kenya, and South Africa [3] Group 1 - Blockchain.com is in discussions for a potential SPAC transaction, having appointed Cohen & Company Capital Markets as an advisor [1] - The SPAC process allows companies to raise funds through an IPO and acquire a target company to achieve indirect listing within 18-24 months [1] - Other cryptocurrency companies, such as Circle, Bullish, and Gemini, have also gone public this year, with Kraken planning to list in early 2024 [2] Group 2 - Blockchain.com raised $300 million in March 2021, achieving a post-money valuation of $5.2 billion, which increased to $14 billion in subsequent funding rounds [2] - The company has appointed experienced executives, including Justin Evans as CFO and Mike Wilcox as COO, signaling readiness for a public listing [2] - Evans indicated that the exchange is taking necessary steps to become a public company, contingent on favorable market conditions [2]

Funding & Investment - Evernorth SPAC, backed by Ripple veterans and crypto heavyweights, aims to raise $1 billion [1] - The goal is to build the largest public XRP treasury [1]

🚨SCOOP: https://t.co/Rxsuh0LPfX has held talks to go public via a SPAC and is being Advised by Cohen & Co. Previously the crypto giant's valuation swung from $5.2B to $14B. Will it join Circle & Gemini in going public?By @willcanny99https://t.co/ITOV6A8DYC ...

Core Insights - Despite the government shutdown, IPO activity remained robust with six companies going public last week, including two direct listings [1][8] - The IPOs included companies from various sectors, such as technology, logistics, and professional services, with varying market capitalizations and performance on their first trading days [4][5] Group 1: IPO Activity - TechCreate Group (TCGL) priced its IPO at the lower end of the range, raising $10 million with a market cap of $80 million, focusing on real-time payment systems in Southeast Asia [1] - Republic Power Group (RPGL) also priced at the bottom of its range, raising $8 million with a market cap of $69 million, providing custom software development services [1] - Acco Group Holdings (ACCL) raised $6 million with a market cap of $56 million, primarily offering corporate secretarial and accounting services in Hong Kong and Singapore [2] - Smart Logistics Global (SLGB) raised $5 million with a market cap of $205 million, focusing on B2B logistics solutions in China [2] - Aptera Motors (SEV) completed a direct listing, focusing on solar electric vehicles, but saw a significant drop of 86% from its reference price [3] - OBOOK Holdings (OWLS) also completed a direct listing, focusing on blockchain solutions, and experienced a 295% increase from its reference price [3] Group 2: Upcoming Filings - Two companies submitted initial filings: Cardinal Infrastructure Group (CDNL) seeking $100 million and Gloo Holdings (GLOO) also seeking $100 million [5] - Nine SPACs filed for initial public offerings, with notable targets including technology, financial services, and sports sectors, seeking amounts ranging from $50 million to $260 million [6][7] Group 3: Market Trends - The SEC's new guidelines are expected to encourage more IPOs, with companies like Navan, Exzeo, and BETA Technologies planning to list in late October or early November [8]