Bithumb, South Korea's second-largest crypto exchange, announced at a shareholders meeting that it is contemplating a Nasdaq listing in the U.S. Previously, Bithumb was preparing for an IPO on South Korea's Kosdaq in late 2025, with Samsung Securities as its underwriter. However, regulatory challenges may have prompted this shift.
CleanSpark CEO Zach Bradford anticipates Bitcoin to reach just under $200,000 within the next 18 months, influenced by macroeconomic factors and the upcoming U.S. presidential election. Bradford believes that the election's conclusion will reduce uncertainty, potentially boosting Bitcoin prices significantly.
The Ethereum Foundation sold another 100 ETH recently, bringing its total sales for 2024 to over $10 million. Community members have raised concerns regarding the foundation's transparency in financial activities.
Global crypto investment products experienced $1.2 billion in net inflows for the third consecutive week, primarily driven by expectations of dovish U.S. monetary policy. Bitcoin-based funds led the inflows, while Ethereum products broke a five-week streak of outflows.
World Liberty Financial, a DeFi project backed by the Trump family, has initiated KYC verification for pre-qualified participants. The project aims to issue a non-transferable governance token, WLFI, emphasizing the need for regulatory changes to allow broader access.
