The crypto services company began the US IPO process as companies across the digital asset sector weigh public market debuts. Crypto services company Blockchain.com confidentially filed for a US initial public offering (IPO), becoming the latest digital asset player to pursue a public listing as crypto firms return to equity markets. The company said it submitted a draft S-1 registration statement to the US Securities and Exchange Commission (SEC) related to a proposed offering of Class A ordinary shares. Pricing and the number of shares have not yet been determined. According to Thursday's announcement, the proposed IPO remains subject to market conditions and SEC review. Confidential S-1 filings allow companies to begin the IPO process and receive regulatory feedback before publicly disclosing financial and offering details. Read more
Bitcoin whales and investors shift to distribution as realized losses surge past $600 million, as BTC price declines toward $76,000. Bitcoin (BTC) has dropped nearly 7% from its local peak of $82,800, as several groups of wallet holders switched from accumulation to distribution. Data suggests that this distribution, combined with increasing realized losses, points to a potential shift in momentum. Key takeaways: The yearly absorption rate measures the amount of new BTC issued that has been absorbed by the market over the past year. Currently, the absorption rate by exchanges is improving while whales are losing coins at a historic pace. Read more
Bitcoin should shift 5% or more "soon" with $77,000 staying the focus amid mixed messages over the latest US-Iran peace deal plans. Bitcoin (BTC) focused on $77,000 on Thursday as analysis eyed a minimum 5% BTC price move. Key points: Read more
IG Group, which launched spot crypto in the UK last year, is bringing the service to European investors through Bitpanda’s infrastructure. IG Europe has partnered with Bitpanda to offer crypto for European investors, using the Austrian exchange’s infrastructure for liquidity, trading connectivity and market data. IG’s push to bring spot crypto trading to its European client base comes after launching the service in the United Kingdom in 2025. The new expansion has no confirmed timeline. “This partnership broadens our product offering across Europe, giving experienced investors access to a wider range of asset classes with the quality and security they demand,” said Esteve Jane, managing director of IG Europe, which is regulated by BaFin in Germany. Read more