The Peter Tailback cryptocurrency exchange, Bullish, makes its public market debut on the New York Stock Exchange today. The company raising more than $1 billion in what's become a superersized offering with a market value north of $5 billion. CNBC.com crypto reporter Tana McKiel joins us now with much more. Good morning. Good morning, Frank.Yeah, so that $1 billion is up from the 990 million we were looking at yesterday. Um, they are offering 30 million shares, pricing their IPO at $37 per share. And that ...

Upbit, the largest cryptocurrency exchange in South Korea, will launch trading pairs for CYBER/KRW and CYBER/USDT. CYBER is a project dedicated to Web3 decentralized social networking infrastructure. https://t.co/bki9xRUhxh ...

Group 1: Economic Policy Insights - US Treasury Secretary Bessent's explanation of the Trump administration's economic policy provides a clear perspective on policy direction, likening it to a "three-legged stool" with tax, trade, and deregulation as key pillars [1] - The rapid advancement and enactment of the "Big and Beautiful Act" highlight the positive support of tax policy for corporate development [1] - Bessent expresses optimism about resolving trade issues by the end of October, indicating a search for a new balance in US trade policy [1] Group 2: Stablecoin Market Dynamics - The stablecoin market has reached a total value exceeding $270 billion, marking a historical high, reflecting the increasing activity and attractiveness of the crypto ecosystem [3] - XBIT decentralized exchange platform has seen a nearly 20% increase in user activity due to the rising trading volume of stablecoins [3] - Stablecoins serve as a crucial link between the cryptocurrency market and traditional financial systems, with their expansion indicating a growing demand for stable assets [3][8] Group 3: XBIT Platform Advantages - XBIT's no KYC requirement lowers registration barriers, allowing users to participate in trading more quickly, whether they are beginners or experienced investors [4] - The platform's features of no restrictions and self-custody of private keys enhance user confidence in managing digital assets [4] - XBIT's focus on decentralized trading through smart contracts positions it well to leverage the benefits of a relaxed regulatory environment [8][9] Group 4: Market Trends and User Behavior - The cryptocurrency market is experiencing price differentiation, with Bitcoin rising by 2.1% while Ethereum fell by 0.4%, influenced by various factors including market expectations and technological advancements [6] - Increased frequency of Bitcoin and stablecoin exchanges on the XBIT platform indicates a growing preference for safe-haven assets among users [6] - The interplay between US fiscal policy and stablecoin performance is becoming a focal point, suggesting a complex relationship as both evolve [9]

Core Insights - Ethereum (ETH) price has surged past $4,300, marking a historical high since late 2021, with a monthly increase of over 43% [1] - The price surge reflects a combination of macroeconomic factors, regulatory shifts, and changes in institutional investor behavior [1] Economic Environment - The expectation of interest rate cuts by the Federal Reserve, coupled with weak U.S. economic data, has led to a decline in the U.S. dollar index, which has positively impacted risk assets, including cryptocurrencies [3] - Historical data shows that when the dollar index drops more than 3%, Ethereum's average monthly increase ranges from 28% to 35% [3] - Central banks' shift towards dovish policies has initiated a new cycle of "loose trading," prompting investors to favor assets with anti-inflation properties, such as Ethereum [3] Regulatory Developments - The SEC's recent ruling that liquid staking services do not constitute securities has removed significant regulatory uncertainty for Ethereum's staking ecosystem, leading to increased institutional interest [4] - The SEC's indication that stablecoins with redemption guarantees may be reclassified as cash equivalents could simplify corporate balance sheet processes and promote stablecoin usage in cross-border and supply chain finance [4] - New policies allowing 401(k) retirement plans to invest in cryptocurrencies and prohibiting banks from denying services to crypto firms further enhance Ethereum's application scenarios [4] Market Dynamics - Over the past three months, more than 2.5 million ETH (approximately $10.5 billion) have flowed out of centralized exchanges, reducing exchange balances to their lowest levels since 2018, which stabilizes prices [6] - The amount of ETH in staking contracts has surpassed 30 million (about 25% of total supply), locking in long-term liquidity [6] - Ethereum ETFs saw a net inflow of $5 billion this month, with on-chain trading volume reaching a historical record of $238 billion in July [6] Technological Advancements - Ethereum maintains a dominant position in DeFi, NFTs, and Web3 infrastructure, supported by a robust developer community and ongoing improvements in scalability [7] - Daily transaction volume on the Ethereum network exceeds 12 million, with gas fee revenue consistently leading among public chains [7] - The integration of Ethereum with AI technologies is enhancing its role as a cornerstone of U.S. economic innovation and growth [7] Future Outlook - Despite facing technical resistance at the $4,400 level, Ethereum is positioned with multiple catalysts for growth, potentially reaching the $5,000-$5,500 range by year-end if the Fed cuts rates and the regulatory environment remains favorable [9] - The XBIT decentralized exchange is attracting active traders through automated market-making mechanisms and liquidity mining incentives, supporting seamless transactions across major ERC-20 tokens and other blockchains [9]

Core Insights - Bitget's protection fund reached a historic high of $779.7 million as of July 22, 2025, demonstrating the company's strong commitment to user asset security [2] - The fund's valuation fluctuated between a low of $686.5 million on July 1 and a high mid-month, with a monthly average of approximately $746 million [2] - The fund's valuation is closely correlated with Bitcoin price movements, which ranged from $105,600 to $119,956 during July [4] - As of July 31, the fund's size was $752 million, maintaining strength despite a decline in Bitcoin prices [4] - Bitget established the protection fund in 2022 with an initial commitment of $300 million, consistently exceeding this benchmark even during market volatility [4] - The company emphasizes security as a core strategy, ensuring a reserve ratio of at least 1:1 for user assets through monthly proof of reserves reports [5] - Bitget's CEO highlighted the fund's size as a testament to the company's commitment to user asset protection and long-term stability [5] Company Overview - Bitget, founded in 2018, is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries [6] - The platform offers innovative copy trading features and real-time cryptocurrency price information, including Bitcoin and Ethereum [6] - Bitget Wallet, formerly known as BitKeep, supports over 130 blockchains and millions of tokens, facilitating multi-chain transactions and staking [6] - The company has strategic partnerships to promote cryptocurrency, including being the official crypto partner of La Liga in East Asia, Southeast Asia, and Latin America [6] - Bitget collaborates with UNICEF to provide blockchain education support to 1.1 million people by 2027 [7] - The company is also the exclusive cryptocurrency exchange partner for MotoGP™, enhancing its global influence [7]

Core Insights - Bitget has reported a record high valuation of its Protection Fund, reaching $779.7 million as of July 22, 2025, demonstrating the company's commitment to safeguarding user assets [2][4] - The valuation of the Protection Fund is closely correlated with Bitcoin price fluctuations, which ranged from approximately $105,600 to $119,956 during July [4] - Bitget maintains a consistent holding of 6,500 Bitcoins, ensuring stable reserves despite market volatility [4] Fund Performance - The Protection Fund's valuation averaged around $746 million for July, with a low of $686.5 million at the beginning of the month [2] - As of July 31, the fund's size was $752 million, indicating strong performance even with a slight decline in Bitcoin prices [4] - Established in 2022 with an initial commitment of $300 million, the fund has consistently exceeded this benchmark, showcasing Bitget's asset management capabilities [4] Security and Transparency - Security is a core strategy for Bitget, which publishes monthly reserve proof reports to ensure that user asset reserves are maintained at a ratio of no less than 1:1 [5] - The CEO of Bitget, Gracy Chen, emphasized the fund's size as a testament to the company's commitment to user asset protection and long-term stability [5] Company Overview - Founded in 2018, Bitget is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries [6] - Bitget offers innovative trading solutions, including copy trading features, and provides real-time cryptocurrency price information [6] - The company has strategic partnerships to promote cryptocurrency, including collaborations with LaLiga and various athletes [6] Global Initiatives - Bitget plans to provide blockchain education support to 1.1 million people by 2027 in partnership with UNICEF [7] - The company is also the exclusive cryptocurrency exchange partner for MotoGP™, enhancing its global influence [7]

South Korea’s largest crypto exchange, Upbit, will list IP trading pairs with KRW, BTC, and USDT. Story (IP) is a Layer 1 blockchain network designed specifically for intellectual property.https://t.co/7PCnqfSu1m ...

Core Insights - The cryptocurrency market is experiencing a strong rebound, with Bitcoin rising above $115,000 and Ethereum reaching $3,600, leading to increased market activity [1] - Decentralized exchanges (DEXs) are gaining attention from investors due to their unique advantages, including enhanced security and transparency [3][4] Market Performance - Bitcoin and Ethereum have shown varying degrees of price increases over the past 24 hours, with positive shifts in Ethereum ETF fund flows supporting its price rise, while Bitcoin ETF fund outflows have eased [1] - Other cryptocurrencies like Solana and Binance Coin have also joined the rebound, outperforming the overall market [1] Decentralized Exchange Advantages - DEXs operate without the need for third-party trust, utilizing smart contracts to execute trades, which enhances transaction security and reduces risks associated with centralized exchanges [3][6] - The platforms implement strict project review mechanisms to filter out unreliable cryptocurrency projects, ensuring that only vetted projects are available for trading [3][4] User Experience and Security - DEXs support a variety of mainstream cryptocurrency trading pairs, catering to diverse trading needs, and offer a user-friendly interface for both novice and experienced investors [4] - The platforms prioritize user asset security through multi-layer encryption and a combination of cold and hot wallet storage methods, regularly conducting security audits [4][6] Long-term Market Outlook - Analysts believe the current market is in a prolonged bull phase, encouraging investors to strategically position themselves in the cryptocurrency market [6][7] - DEXs are viewed as reliable options for investors due to their technological, security, and functional advantages, allowing for greater control over assets and privacy [6][7]

Group 1 - Bitget has launched Towns Protocol (TOWNS) on its Launchpool platform, with spot trading starting on August 5, 2025, and withdrawal functionality available from August 6, 2025 [2][3] - The Launchpool event offers a total of 16,340,000 TOWNS as rewards, with eligible users able to participate by locking BGB and TOWNS tokens from August 6 to August 10, 2025 [3] - Users can lock between 5 to 50,000 BGB in the BGB lock pool to share in 15,215,000 TOWNS, while in the TOWNS lock pool, users can lock a minimum of 110 TOWNS to share in 1,125,000 TOWNS [3] Group 2 - Towns Protocol aims to provide decentralized infrastructure for instant communication applications on the blockchain, acting as a communication layer for Web3 [4] - It is built on an EVM-compatible L2 chain, utilizing decentralized off-chain nodes and on-chain logic to create customizable and programmable communication experiences called "Spaces" [4] - Revenue is generated through fees from selling memberships and transactions, collected in ETH and used to offset rewards for node operators through a "buy and burn" mechanism [4] Group 3 - Bitget is expanding its product offerings to become a leading cryptocurrency exchange, currently listing over 800 trading pairs and aiming to exceed 900 [5] - The inclusion of Towns Protocol marks a significant step in Bitget's ecosystem expansion, aligning with future trends in on-chain social interaction and community monetization [5] - Bitget serves over 120 million users across more than 150 countries, providing innovative trading solutions and a non-custodial wallet supporting over 130 blockchains [6] Group 4 - Bitget has strategic partnerships to promote cryptocurrency, including being the official crypto partner of La Liga in East Asia, Southeast Asia, and Latin America [7] - The company collaborates with UNICEF to provide blockchain education support to 1.1 million people by 2027 [7] - Bitget is also the exclusive cryptocurrency exchange partner for MotoGP™, enhancing its global influence [7]

Core Insights - Bitget has launched the "Crypto Experience Month 2025," a global youth promotion initiative under its Blockchain4Youth program, marking its third year of operation [2][3] - The event aims to shift the narrative from theoretical knowledge to practical interaction with cryptocurrency, focusing on real-world applications in various sectors such as payments, gaming, DeFi, and creative expression [3][4] Event Details - The "Crypto Experience Month" will take place throughout August in multiple cities across the Middle East, Europe, Southeast Asia, and South Asia, coinciding with the three-year anniversary of International Youth Day [2][3] - Participants will engage in hands-on experiences, including minting NFTs, trying stablecoin lending, trading tokenized stocks in real-time simulations, and using PayFi's QR code retail payment system [3][4] Historical Context - The initiative began in 2023 as "Crypto Experience Day," expanded to a month-long event in 2024 covering 12 countries and attracting over 15,000 participants, and aims to bridge the gap between curiosity in Web2 and confidence in Web3 [4] - Bitget's COO, Vugar Usi Zade, emphasizes the importance of practical experience in demonstrating the value of technology, stating that mere theory is insufficient to instill confidence in cryptocurrency's future [4] Company Overview - Bitget, established in 2018, is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries, offering innovative trading solutions and real-time cryptocurrency price information [6] - Bitget Wallet is a prominent non-custodial cryptocurrency wallet supporting over 130 blockchains and millions of tokens, facilitating multi-chain trading, staking, and payments [6] Strategic Partnerships - Bitget has formed strategic partnerships to enhance cryptocurrency promotion, including being the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America, as well as collaborating with athletes from various sports [6][7] - The company is also working with UNICEF to provide blockchain education support to 1.1 million people by 2027 [7]