Author: Ibrahim Abdulaziz Adan

Bullish crypto exchange went public on NYSE, and its stock jumped 83%, closing at $68 per share. Cathie Wood’s Ark Invest bought 2.5 million shares across three funds on the first trading day. The IPO was oversubscribed 20 times, and major institutions like BlackRock showed strong interest. Crypto exchange Bullish made a powerful entrance on the New York Stock Exchange on Wednesday, with shares climbing 83% from their initial public offering price of $37. The stock closed at $68 per share on its debut day, marking one of the strongest crypto-related IPO performances in recent months. Bullish, backed by billionaire…

Google Play Store requires custodial cryptocurrency wallets to get official financial licenses before publishing apps. US developers must register as Money Services Businesses and comply with anti-money laundering rules. EU developers need Crypto Asset Service Provider authorization under MiCA regulations. Google Play Store has implemented new licensing requirements for cryptocurrency wallet developers, marking a significant shift in mobile app distribution policies. The tech giant now requires custodial wallet providers to obtain official financial service licenses before publishing their applications on the platform. The updated policy targets custodial wallets exclusively and applies across 15 major jurisdictions, including the United States and…

Bitcoin reached a new all-time high of $123,735 and gained over 2% in a single trading session.  Traders expect a 25 basis point Fed rate cut in September after CPI data came in below expectations.  Corporate and sovereign Bitcoin holders are seeing massive gains with Strategy’s holdings worth $77.2 billion and El Salvador up $468 million. Bitcoin has reached a new all-time high of $123,735, marking a significant milestone for the world’s largest cryptocurrency. The flagship digital asset gained over 2% during the trading session, rising from an intraday low of $118,939 to establish this new record. CoinMarketCap data confirms…

Canary Capital registered a Delaware entity for a Trump coin ETF, and this move suggests formal SEC filings will follow soon. Trump coin gained 4% daily and over 10% weekly after the ETF news, but remains down 64% from its January peak of $75. The ETF would bring institutional money to meme coins and join existing Dogecoin ETF applications from major firms. Canary Capital has registered a new entity signaling plans to launch an exchange-traded fund focused on the Trump coin, marking another milestone in the growing institutional adoption of meme cryptocurrencies. The asset management firm incorporated “Canary Trump Coin…

Standard Chartered raised its Ethereum price target from $4,000 to $7,500 for 2025 and projects $25,000 by 2028.  The bank expects the stablecoin market to grow eightfold by 2028, increasing demand for ETH since most stablecoins run on Ethereum’s network.  Ethereum gained over 50% after the US passed the Genius Act, which provides regulatory clarity for stablecoins and boosts mainstream adoption. Standard Chartered has dramatically increased its year-end Ethereum price forecast from $4,000 to $7,500, representing a 60% premium above Wednesday’s multi-year high of $4,700. The British banking giant cites strengthening market fundamentals and expanding stablecoin adoption as primary drivers…

Trump’s team is considering eleven candidates to replace Fed Chair Jerome Powell when his term ends in May 2026.  BlackRock’s Rick Rieder joined the list alongside two other new candidates who support rate cuts.  Current Fed Governor Chris Waller leads prediction markets with a 27.5% chance of selection. The Trump administration has identified eleven potential candidates to replace Federal Reserve Chair Jerome Powell when his tenure concludes in May 2026. Three new names have joined the consideration list, expanding the pool of possible successors for the nation’s top monetary policy position. BlackRock’s Chief Investment Officer for global fixed income, Rick…

SHIB gained 2.72% today and formed a double bottom pattern that could drive prices to $0.0000254 if resistance breaks. Token burn rates exploded by 3,800%, removing over 85 million SHIB from circulation. Whale transactions surged 188% in two days, and large investors are increasing their SHIB positions. Shiba Inu (SHIB) gained momentum today, trading at $0.0000136 with a 2.72% increase amid broader Ethereum-based token strength. The meme coin has formed a compelling double bottom pattern while burn rates exploded by 3,800%, removing significant token supply from circulation. The cryptocurrency has established strong support at $0.000010, which has held firm for…

PUMP token jumped 15% after Pump.fun bought back $8.42 million tokens in one week.  The platform now controls 77% of the meme coin launchpad market and generated $1.85 million in daily revenue.  Pump.fun has purchased $33.13 million in tokens since the buyback program started. Pump.fun’s native token, PUMP, has experienced a significant price increase of over 15% following the platform’s aggressive token buyback strategy. The token reached $0.0039772 as market confidence strengthened around the project’s commitment to reducing supply through systematic repurchases. The price surge represents a 27.67% weekly gain for PUMP, despite a modest 0.61% decline over the past…

Ethereum ETFs bought $1 billion worth of ETH in one day, and BlackRock led with $640 million.  ETH broke above $4,500 and is now targeting its all-time high of $4,800.  Large whales purchased over $200 million in ETH while favorable economic data support continued price growth. Ethereum exchange-traded funds recorded their strongest single-day performance since launch, accumulating $1 billion worth of ETH as the cryptocurrency approaches its all-time high of $4,800. The surge in institutional buying pressure has propelled ETH past $4,500, marking new yearly highs for the world’s second-largest cryptocurrency. BlackRock dominated the buying activity with $640 million in…

Do Kwon pleaded guilty to fraud charges and faces up to 12 years in prison if he shows remorse.  The Terra ecosystem collapse wiped out $40 billion in investor funds and triggered widespread cryptocurrency market failures.  Kwon secretly manipulated TerraUSD’s stability through trading firm deals while claiming it was maintained by automated systems. Terraform Labs co-founder Do Kwon entered a guilty plea in Manhattan federal court on Monday, admitting to two criminal charges related to the devastating collapse of TerraUSD and Luna cryptocurrencies. The plea marks a significant development in the case involving the $40 billion cryptocurrency collapse that sent…