Hodler’s Digest, Sept. 28 – Oct. 4 – Cointelegraph Magazine
The post Hodler’s Digest, Sept. 28 – Oct. 4 – Cointelegraph Magazine appeared on BitcoinEthereumNews.com.
Top Stories of The Week Wall Street’s next crypto play may be IPO-ready crypto firms, not altcoins Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research. Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which may raise between $30 billion and $45 billion in new capital. Matrixport said investor focus is rotating away from early-stage bets toward scalable, IPO-ready companies positioned for public markets. Continued selling by Bitcoin miners and early adopters has “nearly neutralized ETF and treasury inflows, reducing volatility and dampening Bitcoin’s appeal to risk-seeking investors,” Matrixport said in a Friday X post. “Wall Street, however, has every incentive to extend the bull market, with up to $226 billion in crypto IPOs waiting in the pipeline that could raise $30 – $45 billion in new capital.” Judge tosses lawsuit against Yuga Labs over failure to satisfy Howey test A US judge has dismissed an investor lawsuit against Web3 company Yuga Labs, ruling that the case failed to show non-fungible tokens (NFTs) meet the legal definition of securities. Judge Fernando M. Olguin ruled the plaintiffs did not demonstrate how Bored Ape Yacht Club, ApeCoin or other NFTs sold by Yuga satisfied the three conditions of the Howey test, a standard used by the US Securities and Exchange Commission to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022. Yuba Labs marketed its NFTs as digital collectibles with membership perks to an exclusive club, making them consumables rather than investment contracts, Olguin said. CleanSpark sells $48.7M in Bitcoin, treasury tops 13K BTC in September Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting…
Filed under: News - @ October 4, 2025 11:24 pm