BitPush editor's daily selection of Web3 news:
【Spot Gold Breaks Through $4950】
BitPush News: Spot gold opened above the $4950/ounce mark, hitting a new historical record with a gain of 0.28%.
【Trump Sues JPMorgan for "Debanking", Claims $5 Billion】
BitPush News: On January 22 local time, former U.S. President Donald Trump officially sued JPMorgan in a Florida court, accusing the bank of "debanking" him and his companies without just cause in 2021, and seeking $5 billion in damages.
The lawsuit accuses JPMorgan of commercial defamation, breach of good faith, and alleges that its CEO Jamie Dimon violated trade laws. JPMorgan responded by calling the lawsuit "baseless," emphasizing that the account closures were due to regulatory compliance risks rather than political reasons. The bank stated it supports efforts to prevent the "weaponization" of the banking sector and will defend itself in court.
【Kansas Proposes Bitcoin Strategic Reserve Bill】
BitPush News: According to a disclosure by Bitcoin Archive, the state of Kansas has proposed a Bitcoin Strategic Reserve Bill. This bill would allow up to 10% of the state's trust fund assets to be invested in Bitcoin ETFs.
If passed, Kansas would become another U.S. state promoting the inclusion of Bitcoin in its state-level asset allocation framework. Related progress is still subject to the legislative process.
【BitGo Debuts on NYSE with High Volatility, Stock Rises 36% Before Retreating】
BitPush News: Crypto asset custody company BitGo Holdings debuted on the New York Stock Exchange on Thursday, with its stock experiencing significant volatility on the first day of trading. The company's Class A stock (BTGO) rose sharply after opening, surging 36% intraday to $24.50, but subsequently gave up most of its gains.
BitGo's IPO was priced at $18 per share, raising approximately $213 million, valuing the company at over $2 billion. At the close, BTGO was at $18.49, up about 2.7% for the day; in after-hours trading, the stock fell to around $18.35, nearly returning to the IPO price.
Market observers noted that the high volatility on BitGo's first day reflects significant investor interest and divergent expectations for crypto infrastructure companies. Meanwhile, peers such as Anchorage Digital and Kraken are also reportedly evaluating the possibility of launching IPOs this year.
【SpaceX Has Reached Deals with Four Banks in Preparation for "Mega IPO"】
BitPush News: According to a report by Jin10, citing the Financial Times, Elon Musk's rocket company SpaceX is selecting Wall Street investment banks for a "mega" IPO, which is expected to be one of the largest IPOs in history. According to informed sources, Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley have been appointed as the lead underwriters for this IPO, responsible for overseeing the listing process.
SpaceX executives have held meetings with several investment banks in recent weeks as the company prepares for a potential IPO launch as early as this year. Currently, SpaceX is conducting a secondary share sale that values the company at approximately $800 billion. The sources also mentioned that other investment banks are likely to secure underwriting roles in the listing but emphasized that the arrangements are not yet final and could change.
【Farcaster Founder Clarifies: Protocol Operating Normally, Home Purchase Funds Came from Coinbase IPO Proceeds】
BitPush News: Farcaster founder Dan Romero stated, in response to market rumors, the following clarifications:
1. Farcaster is not planning to shut down. The protocol is currently operating normally and will continue to run stably. In December last year, its monthly active users reached 250,000, with over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup planning to shift Farcaster towards a more developer-focused direction.
2. Regarding the Merkle project, we plan to return the full $180 million in raised funds to investors. Over the past five years, we have always strived to manage investor funds prudently.
3. Finally, it must be clarified that the funds for my home purchase came from the proceeds of Coinbase's Initial Public Offering (IPO).
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