# IPO Related Articles

HTX News Center provides the latest articles and in-depth analysis on "IPO", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Crypto Morning Brief: OpenSea Delays SEA Token Launch, YZi Labs Leads $52M Investment in Silicon Valley AI Robotics Firm RoboForce

**Crypto Morning Brief: Key Market Developments** The U.S. SEC has proposed limiting Rule 15c2-11 to equity securities, excluding crypto assets. A suspected hacker manipulated THE token's value, causing over $2.15M in bad debt on Venus Protocol and profiting over $5.07M. OpenSea delayed its $SEA token launch due to market conditions, offering fee refunds and a 60-day zero-fee period. Crypto firm BlockFills filed for Chapter 11 bankruptcy, citing liabilities up to $500M. MicroStrategy purchased an additional 22,337 BTC, raising its total holdings to 761,068 BTC. Bitmine increased its ETH holdings to 4.6M, with total crypto and cash assets reaching $11.5B. Metaplanet plans to raise $234M via warrants to buy more BTC. YZi Labs led a $52M investment in AI robotics firm RoboForce. Crypto wealth platform Abra aims to go public via a $750M SPAC merger. Additional coverage includes market analysis, regulatory shifts, and the growing institutionalization of DeFi.

marsbit03/17 01:06

Crypto Morning Brief: OpenSea Delays SEA Token Launch, YZi Labs Leads $52M Investment in Silicon Valley AI Robotics Firm RoboForce

marsbit03/17 01:06

When the Spreads Reach 50%: The Rise of Pre-Market Crypto-Stock Arbitrage

In the context of the crypto bear market, a new arbitrage opportunity is gaining traction: pre-IPO stock tokenization trading across different platforms. The article highlights significant price discrepancies—sometimes exceeding 50%—for high-profile companies like Kalshi, Polymarket, and SpaceX (xAI) on platforms such as PreStocks, Jarsy, and Tessera. These gaps, driven by varying trading mechanisms and liquidity conditions, reveal a strong market demand for a unified platform that bridges traditional and crypto pre-market trading. The piece argues that building such an intermediary could capitalize on these arbitrage opportunities, especially with a wave of major IPOs expected in 2026, while generating revenue through trading fees and liquidity provision.

比推03/16 04:36

When the Spreads Reach 50%: The Rise of Pre-Market Crypto-Stock Arbitrage

比推03/16 04:36

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

"Encrypted Bear Market Startup Guide Part 1: Pre-IPO Stock Price Arbitrage Market" Despite the challenges of a crypto bear market, over 80% of startups that raised seed rounds in 2022 are still building. This period can foster focus on product development and survival skills. This series explores potential business opportunities, starting with the pre-IPO stock price arbitrage market. This market bridges crypto and traditional finance, with major stock exchanges and crypto platforms participating. The upcoming 2026 "IPO boom," featuring companies like OpenAI, Anthropic, SpaceX(xAI), and crypto exchanges, is driving demand for pre-IPO trading. Platforms like PreStocks, Jarsy, and Tessera have emerged, offering more flexible trading than traditional venues like Hiive. Significant price discrepancies exist for the same stock across different pre-IPO platforms. For example: - Kalshi shows a $148 (37%) difference between PreStocks ($397) and Jarsy ($545). - Polymarket has a $94 (50.5%) spread between PreStocks ($186) and Jarsy ($280). - SpaceX(xAI) has a $75 (12.7%) gap between PreStocks ($666) and Tessera ($591). This creates an opportunity for a new platform to act as an arbitrage marketplace for these price differences. The potential business model could include trading fees, LP fees, and profiting from the platform's own arbitrage positions, though current market liquidity remains in the millions.

marsbit03/16 02:16

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

marsbit03/16 02:16

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

The article "Crypto Bear Market Startup Guide Part 1: Pre-IPO Stock Price Difference Market" discusses entrepreneurial opportunities during a crypto bear market, focusing on the emerging niche of pre-IPO stock price difference markets. It begins by challenging the notion that bear markets are beneficial for building, citing data showing over 80% of crypto startups from the 2022 bear market are still active, suggesting that focused development and survival skills can thrive in downturns. The core analysis highlights the significant price discrepancies for pre-IPO stocks of companies like Kalshi, Polymarket, and SpaceX(xAI) across different crypto-based trading platforms such as PreStocks, Jarsy, and Tessera. For instance, Kalshi's pre-IPO price shows a $148 (37%) difference between PreStocks ($397) and Jarsy ($545). Polymarket's price gap is $94 (over 50%), and SpaceX has a $75 (12.7%) difference. The author argues this demonstrates a clear market need for a unified platform that bridges these price gaps across traditional and crypto pre-IPO markets, acting as a liquidity bridge. The proposed business model for such a "pre-IPO price difference market" would likely generate revenue through trading fees, LP fees, and arbitrage on the platform's own capital. The piece positions this as a promising venture for the anticipated 2026 IPO boom.

Odaily星球日报03/16 02:10

Crypto Bear Market Startup Guide Part 1: Pre-Market Price Spread Market for Tokenized Stocks

Odaily星球日报03/16 02:10

Circle CEO's Latest Interview: Stablecoins Are Not Crypto Assets

Circle CEO Jeremy Allaire discusses the transformative potential of stablecoins in a recent interview, emphasizing that they represent a new form of digital dollar infrastructure rather than just crypto assets. Having led Circle through its 2025 IPO, Allaire reflects on the company’s 12-year journey and its vision to integrate the US dollar into the internet as a native, open monetary protocol. Stablecoins like USDC enable fast, low-cost, borderless transactions, serving as a practical alternative to traditional systems—especially in regions with volatile currencies. Allaire highlights their regulated, reserve-backed nature, which offers security and trust. Looking forward, he envisions internet-native financial platforms reshaping global finance, with Circle positioned as a key infrastructure builder. The discussion also touches on AI’s impact on jobs, the need for quantum-resistant cryptography, and the early-stage potential of stablecoin technology despite its already significant scale.

marsbit03/15 10:23

Circle CEO's Latest Interview: Stablecoins Are Not Crypto Assets

marsbit03/15 10:23

80% of Tokens Fall Below Issue Price, IPO Financing Soars 48 Times—Crypto Capital Shift Has Occurred

The crypto industry is witnessing a significant capital shift from token offerings to traditional equity markets. In 2025, over 80% of tokens traded below their initial offering price due to high volatility, weak demand, and poor tokenomics, eroding investor confidence. Conversely, crypto IPOs surged 48x, raising $14.6 billion, while M&A activity hit a five-year high of $42.5 billion. Equity offerings, compared to tokens, demonstrate similar upside potential but with lower volatility and longer-term growth. Stocks command higher valuation premiums (P/S ratios of 7-40x vs. 2-16x for tokens) due to institutional access, index inclusion potential, and richer trading strategies. Key valuation factors include regulatory moats, revenue diversification, and sector sentiment. M&A activity is accelerating, driven by regulatory compliance and strategic expansion, with focus on trading infrastructure, exchanges, and stablecoins/payments. Major acquisitions were led by Coinbase, Kraken, and Ripple. Upcoming IPOs in 2026 include Kraken, Consensys, Ledger, Animoca, and Bithumb. The future lies in blending TradFi validation with crypto innovation, emphasizing sustainable revenue and long-term value creation.

marsbit03/15 07:55

80% of Tokens Fall Below Issue Price, IPO Financing Soars 48 Times—Crypto Capital Shift Has Occurred

marsbit03/15 07:55

Inside Ripple’s Buying And Selling Cycle — And Its Impact On XRP

Ripple's recent $750 million share buyback has sparked division within the XRP community. Critics, led by analyst @WhaleFUD, argue that Ripple sells XRP to fund these buybacks, prioritizing private equity holders and venture capitalists over retail XRP investors. They contend this cycle provides no direct benefit to XRP holders and that Ripple has little incentive to support the token's long-term value, especially with products like its new stablecoin competing with the XRP Ledger. Conversely, supporters like researcher BankXRP view the buyback as a sign of Ripple's strength and confidence. The $50 billion valuation and recent strategic acquisitions are cited as evidence of the company's robust liquidity and long-term commitment to the XRP ecosystem, despite ongoing market uncertainty and price pressure.

bitcoinist03/15 02:42

Inside Ripple’s Buying And Selling Cycle — And Its Impact On XRP

bitcoinist03/15 02:42

Why Doesn't Stripe, Valued at $160 Billion, Go Public?

Stripe, valued at $159 billion, and Plaid, valued at $8 billion, recently conducted tender offers, reflecting a structural shift in how companies access capital and provide liquidity. Instead of pursuing traditional IPOs, many high-value private companies are opting for secondary transactions. This trend is fueled by a booming private market, where assets have more than doubled to $22 trillion over 12 years, and companies now wait an average of 16 years to go public. New infrastructure layers like Forge and EquityZen facilitate these trades, while platforms like Robinhood’s Ventures Fund I are opening private market access to retail investors. However, risks include structural complexity, valuation opacity, and regulatory challenges. Despite a 2025 rebound in IPOs, many companies may continue favoring private liquidity due to abundant capital and fewer constraints.

marsbit03/11 07:19

Why Doesn't Stripe, Valued at $160 Billion, Go Public?

marsbit03/11 07:19

Odaily Exclusive Interview with Gate Founder Dr. Han: From TradFi Integration to Intelligent Web3, Redefining the Boundaries of Exchanges

In a recent interview with Odaily, Dr. Han, founder and CEO of Gate, discussed the exchange's strategic direction, market outlook, and integration of AI and Web3 technologies. He addressed the current perception of slowed innovation in crypto compared to booming sectors like AI, noting that market cycles are normal and AI development ultimately benefits the crypto industry. Gate is actively incorporating AI to enhance internal operations and user experience. Dr. Han envisions a future where a simple AI dialog box could replace traditional product interfaces, handling all user queries and tasks. This vision is part of the broader "Intelligent Web3" concept, which aims to use AI agents to help users navigate the complex and fast-growing crypto information landscape. The exchange's "All in Web3" strategy, formalized in 2025, builds on years of groundwork in decentralized infrastructure, culminating in products like the Gate Wallet. For 2026, Dr. Han highlighted key growth areas: crypto payments, Real World Assets (RWA), and decentralized exchanges (DEXs). Regarding competition from traditional finance, he views the entry of institutions like NYSE and Nasdaq into tokenized stocks as a positive development that brings more users and assets into crypto. Gate's own TradFi business, launched recently, has seen rapid growth, exceeding $95 billion in trading volume, and is designed to create a synergistic "two-way integration" ecosystem with its core crypto services. Dr. Han also discussed challenges, including managing a fully remote workforce and adapting to AI-driven efficiency gains. He defended Gate's high volume of token listings, emphasizing user choice and the provision of protective tools over acting as a gatekeeper. On compliance, Gate has made significant progress, securing licenses across numerous U.S. states, European countries, and other regions since starting its efforts in 2018. Future plans include expanding into new jurisdictions and obtaining additional licenses for payments and derivatives. A long-term goal involves pursuing public listings for its various global entities. The interview concluded with the announcement of GateClaw, an AI agent platform for crypto, representing a first step toward Dr. Han's vision of an AI-driven, interface-free user experience.

Odaily星球日报03/11 04:19

Odaily Exclusive Interview with Gate Founder Dr. Han: From TradFi Integration to Intelligent Web3, Redefining the Boundaries of Exchanges

Odaily星球日报03/11 04:19

Why Doesn't Stripe, Valued at $160 Billion, Go Public?

Stripe, valued at $159 billion, and Plaid, valued at $8 billion, recently conducted tender offers, reflecting a structural shift in how companies access capital and provide liquidity. This trend allows firms to bypass traditional IPOs, avoiding dilution and regulatory burdens. The private secondary market reached $240 billion in 2025, surpassing global IPO proceeds. Companies now wait an average of 16 years to go public, and private market assets have doubled to $22 trillion over 12 years. New infrastructure layers like Forge and EquityZen facilitate secondary trading, while platforms like Robinhood’s Ventures Fund I are opening private markets to retail investors. However, risks include structural complexity, valuation opacity, and counterparty risks. Despite a 2025 IPO rebound, many companies trade below their offering prices, making tender offers an attractive alternative amid geopolitical and macroeconomic uncertainty.

比推03/10 18:52

Why Doesn't Stripe, Valued at $160 Billion, Go Public?

比推03/10 18:52

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