By Shikha Singh
CoreWeave Eyes $4 bn IPO, Could File for U.S. Listing Within a Week.
Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report.
The cloud computing firm wants to raise around $4 billion from the listing, the report said, citing people familiar with the matter.
It is targeting a valuation of over $35 billion, the report added.
Bitget Updates Proof of Reserves for February 2025.
Bitget has released its updated proof-of-reserves (PoR) report for February 2025, showing a significant increase in reserves to 186%, well above its previous 100% commitment.
The exchange holds substantial reserves across major assets, including a 322% reserve ratio for Bitcoin, 173% for Ethereum, and robust stablecoin reserves with USDT at 138% and USDC at 121%.
With over 19,393 BTC and 199,433 ETH held against user liabilities, Bitget ensures full backing of user funds.
The platform uses verification with Merkle root hashes for transparency, allowing users to independently verify assets.
Additionally, Bitget maintains a $570 million protection fund, reinforcing its security and resilience against cyber threats.
This demonstrates Bitget’s commitment to financial stability, operational integrity, and user asset protection.
Metaplanet Seeks to Raise Over $13 mn From Bond Sale to Buy More Bitcoin.
Metaplanet Inc. is raising 2 billion Yen which is $13.3 million, through the issuance of 0% interest ordinary bonds, with the funds intended for purchasing more Bitcoin (BTC) as part of its strategic investment plan.
Evo Fund is the exclusive recipient of the bond issuance, and the company’s stock acquisition rights will back its redemption on August 26. This move highlights Metaplanet’s commitment to Bitcoin as a reserve asset and strengthens its financial strategy.
DTCC Lists First Set of Solana Futures ETFs, Fueling Hopes for Spot SOL Fund Approval.
Two proposed Solana-based exchange-traded funds (ETFs), the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT), have been added to the Depository Trust and Clearing Corporation (DTCC) list, marking the first Solana products on the list.
These ETFs would provide exposure to Solana futures contracts with 1x and 2x leverage. Volatility Shares had previously filed for three Solana ETFs, but the -1x leveraged version was not included.
The funds will invest in contracts traded on CFTC-regulated exchanges, such as those recently launched by Coinbase.
Bitwise Registers Aptos ETF Entity In Delaware As Altcoin Fund Competition Escalates.
Bitwise has registered an “Aptos ETF” entity in Delaware, signaling preparations to file an S-1 registration with the U.S. Securities and Exchange Commission.
This move follows Bitwise’s launch of its Aptos Staking ETP in Switzerland in November 2024. The fund manager, also known for its Bitcoin and Ethereum spot ETFs, is among several asset managers pursuing altcoin ETFs, with 21Shares and others launching similar products.
Bitwise’s registration comes as Aptos, a Layer-1 blockchain, continues to gain attention, with its token APT recently rising 8.9% to $6.12 despite broader market declines.
Bybit Secured UAE in-Principal Approval Days Before $1.4 bn Hack.
Bybit, the cryptocurrency exchange recently impacted by a $1.4 billion hack, has received in-principal approval from the UAE’s Securities and Commodities Authority (SCA) to set up a virtual asset platform operator.
This approval brings Bybit closer to obtaining a full operational license in the UAE, allowing it to offer a range of digital asset services to both retail and institutional clients.
Despite the hack, which occurred shortly after the approval, Bybit remains focused on regulatory compliance and expansion, with recent approvals in India, Georgia, Kazakhstan, and Turkey. However, the exchange faces challenges in Europe and Malaysia, including regulatory adjustments and compliance issues.
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