Bitpush editors select Web3 news for you every day:
Spot gold breaks through $4,950
Spot gold initially rose above $4,950 per ounce, setting a new all-time high, with a gain of 0.28%.
[Trump sues JPMorgan Chase for $5 billion over "de-banking"]
On January 22 local time, US President Trump formally sued JPMorgan Chase in a Florida court, accusing the bank of "debanking" him and its subsidiaries without just cause in 2021, and seeking $5 billion in damages.
The lawsuit accuses JPMorgan Chase of commercial defamation and breach of good faith, and alleges that its CEO, Jamie Dimon, violated trade laws. JPMorgan Chase responded that the lawsuit is "baseless," emphasizing that the account closures were due to regulatory compliance risks, not political reasons. The bank stated its support for government efforts to prevent the "weaponization" of the banking sector and will defend itself in court.
Kansas proposes a bill for a strategic Bitcoin reserve.
According to the Bitcoin Archive, the state of Kansas has proposed a Bitcoin strategic reserve bill. This bill would allow up to 10% of the state trust fund's assets to be invested in a Bitcoin ETF.
If the bill passes, Kansas will become another U.S. state to push for Bitcoin to be included in the state-level asset allocation framework; however, further progress is still pending legislative approval.
BitGo's stock price experienced significant volatility on its first day of trading on the NYSE, rising 36% before falling back.
Crypto asset custody firm BitGo Holdings debuted on the New York Stock Exchange on Thursday, experiencing wild price swings on its first day of trading. The company's Class A shares (BTGO) surged rapidly after the opening bell, soaring as much as 36% to $24.50 during the session, before giving back most of its gains.
BitGo's IPO priced at $18 per share, raising approximately $213 million and valuing the company at over $2 billion. At the close of trading, BTGO was at $18.49, up about 2.7% for the day; in after-hours trading, the share price fell back to approximately $18.35, essentially returning to near the IPO price.
Market analysts point out that BitGo's dramatic price fluctuations on its first day of trading reflect investors' high level of attention and divergent expectations regarding crypto infrastructure companies. Meanwhile, its peers, such as Anchorage Digital and Kraken, are reportedly evaluating the possibility of launching IPOs this year.
SpaceX has reached agreements with four banks to prepare for a "mega IPO".
According to Jinshi News, citing the Financial Times, Elon Musk's rocket manufacturer SpaceX is seeking Wall Street investment banks for a "mega" IPO, expected to be one of the largest in history. Sources familiar with the matter revealed that Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been appointed as the lead underwriters for the IPO, responsible for overseeing the listing process.
SpaceX executives have held talks with several investment banks in recent weeks as the company prepares for an IPO that could launch as early as this year. Currently, SpaceX is conducting a sale of existing shares, valuing the company at approximately $800 billion. Sources familiar with the matter also indicated that other investment banks are likely to be involved in the underwriting of the IPO, but emphasized that the arrangements are not yet finalized and the situation is still subject to change.
[ Farcaster founder clarifies: Protocol is currently functioning normally; funds for home purchases come from Coinbase IPO proceeds]
Farcaster founder Dan Romero issued the following clarifications in response to market rumors:
1. Farcaster has no plans to shut down. The protocol is currently functioning normally and will continue to operate stably in the future. As of December last year, it had 250,000 monthly active users and over 100,000 deposited wallets. The acquiring company, Neynar, is a venture-backed startup that plans to shift Farcaster towards a more developer-centric approach.
2. Regarding the Merkle project, we plan to return all $180 million raised to investors. Over the past five years, we have consistently strived to manage investor funds prudently.
3. Finally, it should be noted that the funds I used to purchase the property came from the proceeds of Coinbase's initial public offering (IPO).
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