Seven spot XRP ETF rulings and Ripple’s bank charter decision hit in October 2025. Discover why funds see XRP as Wall Street’s dark horse. When financial firms roll out exchange-traded funds (ETFs) for crypto, it often signals that an asset is crossing from niche into the mainstream. Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) are already trading in the US, attracting billions from institutions and retail investors who want exposure without holding tokens directly. Read more
Wall Street veteran Jordi Visser says Bitcoin allocations in traditional finance portfolios "will go higher" next year. Wall Street veteran and macro analyst Jordi Visser is forecasting that US financial institutions are set to ramp up their Bitcoin allocations before the year is out. “Between now and the end of the year, the allocations for Bitcoin for the next year from the traditional finance world are going to be increased,” Visser told Anthony Pompliano during an interview published to YouTube on Saturday. “I think Bitcoin’s allocation number will go higher across portfolios,” Visser said. “That is going to happen,” he emphasized. Read more
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot. The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from China’s Bitmain without incurring additional duties. Beyond mining headwinds, the broader blockchain sector is intensifying efforts to court Wall Street as institutional adoption accelerates across exchange-traded funds, corporate treasuries and tokenized real-world assets. Ether (ETH) treasury firms are also ramping up accumulation, while reports suggest China may be preparing to greenlight yuan-backed stablecoins. This week’s Crypto Biz newsletter explores these developments, highlighting The Miner Mag’s latest findings, Polkadot’s new capital markets divisi...
From a $37 IPO to $118 intraday, Bullish’s NYSE debut highlights Wall Street’s growing appetite for regulated crypto businesses. Cryptocurrency exchange operator and media company Bullish made an enormous public debut on the New York Stock Exchange, with shares surging as much as 218% — a clear sign of heightened institutional appetite for crypto-related assets. After weeks of speculation, Bullish went public on Wednesday at an IPO price of $37, above its earlier target range of $32 to $33 per share. The stock, trading under the ticker symbol BLSH, soared to an intraday high of $118.00, marking a 218% gain from its IPO price, on trading volume of roughly 38 million shares, according to Yahoo Finance data. Read more
The IPO is led by Wall Street heavyweights JPMorgan, Jefferies and Citigroup, SEC filings show. Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks. Bullish now plans to sell 30 million shares at $32 to $33 apiece, Bloomberg reported Monday, citing recent regulatory filings with the US Securities and Exchange Commission (SEC). That’s nearly 60% higher than the upper range of its earlier target. If the IPO meets expectations, Bullish would debut with a market capitalization of about $4.8 billion — up from the $4.2 billion goal set in early August. Read more
Grayscale reappoints founder Barry Silbert as chairman and hires top Wall Street talent as it looks to defend its ETF revenue lead and sharpen its institutional edge. Grayscale Investments has expanded its executive team and board as part of its “next phase of growth,” adding four financial industry veterans to key leadership roles and reappointing founder Barry Silbert as board chairman. The expanded leadership team includes Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Andrea Williams as chief communications officer and Maxwell Rosenthal as chief human resources officer. The newly appointed executives come from traditional finance firm like Bridgewater, Apollo, Goldman Sachs and Citadel. Read more
Ethereum turns 10 as corporate treasury firms and Wall Street entities increase their Ether holdings, signaling growing institutional adoption. Corporations and Wall Street entities are starting to recognize Ether as the next emerging treasury asset as the world’s second-largest cryptocurrency and blockchain network celebrates its 10th anniversary on Wednesday. Ethereum went live on July 30, 2015, introducing smart contract functionality and laying the foundation for the decentralized finance (DeFi) ecosystem. The network has maintained 10 years of uninterrupted uptime. To mark the milestone, Cointelegraph reviewed the five largest corporate Ether (ETH) holders, underscoring Ether’s rising status as a strategic reserve asset among public companies. Read more
A Kraken executive told Cointelegraph that tokenized equities shouldn’t just copy Wall Street onto the blockchain but reinvent how users access financial assets. As traditional finance becomes more intertwined with blockchain technology, a Kraken executive said simply bringing traditional financial products onto a blockchain won’t cut it and is not the end goal for tokenization. Mark Greenberg, the global head of Kraken’s Consumer Business Unit, told Cointelegraph that tokenized equities must go beyond replicating Wall Street systems onchain. Instead, he said they should unlock new levels of accessibility, programmability and global reach. He argued that it’s an opportunity to fundamentally rethink how global markets function when it comes to accessibility, programmability and user access to legacy tools. Read more