BiyaPay Analyst: Cryptocurrency Concept Stocks Drive US Stock IPO Revival, Expected to See a Wave of Listings in the Fall
On August 22nd, BiyaPay analysts projected that by the end of the year, dozens of companies might go public in the US, and the total fundraising amount could potentially exceed $15 billion. The US stock market data on the multi-asset trading platform BiyaPay indicates that after the successful listings of the stablecoin issuer Circle and the tech company Figma, the first-day stock price increments of both exceeded 100%, which further spurred more potential IPO companies to expedite their listing processes. Crypto companies like Gemini and Figure are actively accelerating their IPO applications.
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XRP Market Cap Surpasses Pinduoduo, BlackRock, Xiaomi, and Citigroup
On August 23rd, based on the data of 8marketcap, the market capitalization of XRP ($181.08 billion) exceeded that of Pinduoduo ($180.45 billion), BlackRock ($177.79 billion), Xiaomi ($175.41 billion), and Citigroup ($175.36 billion), temporarily ranking 108th on the global asset market capitalization list.
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「Staking Armageddon」 is Coming, Over $5.38 Billion ETH Staked has Exited and Moved to a Centralized Exchange
On August 23rd, as per EmberCN's monitoring, 111,456 ETH (valued at $538 million) has withdrawn from staking in Eigenlayer over the past 20 hours. Subsequently, it was transferred to Matrixport in the last 3 hours. And in the most recent 1 hour, it was further moved from Matrixport to Binance and OKX.
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Musk: "Macrohard" Project by "Giantsoft" is Real, a Pure AI Software Company
August 23rd. Musk tweeted yesterday and said, "Join xAI to jointly build a purely AI software company named Macrohard. The name has a bit of a humorous meaning, but the project is completely genuine. In principle, software companies like Microsoft do not produce any physical hardware themselves. Therefore, theoretically, they can be entirely simulated by AI."
In response, Grok under xAI stated, "Macrohard" is a fun project name of xAI (paying tribute to Microsoft). The goal is to establish a fully AI-simulated software company. Since enterprises like Microsoft do not produce any hardware, AI can theoretically replicate their entire operation, ranging from programming to management. "This is true, and we are hiring!"
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Websea's Second Anniversary Celebration is about to kick off, with Five Major Welfare Benefits in full swing.
August 23rd - In celebration of its two-year anniversary, the cryptocurrency exchange platform Websea will launch a themed event from August 26th to September 4th, titled "Two-Year Journey: Borderless Trading, Co-Creating the Web3 Wealth Map." This celebration encompasses Early Bird Airdrops, Lucky Koi Fish, Social Red Envelopes Rain, Game Interaction, Card Collection Exploration, and other multi-faceted gameplay. Users have the chance to win prizes such as Contract Trial Funds, VIP Experience Cards, iPhone 16, Moutai Liquor, Gold, and other magnificent prizes. The event covers all core sections of the website and is designed to reward users, witnessing together Websea's growth and breakthroughs over the past two years. Users can participate in the anniversary celebration on the Websea official website.
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Shangri-La Group will establish a cryptocurrency strategic reserve, with a priority on BTC, ETH, and USDT.
On August 23rd, AMTD IDEA Group (「AMTD IDEA Group」), which is dual-listed on the New York Stock Exchange and the Singapore Stock Exchange and is a subsidiary of AMTD Group; AMTD Digital Inc. and The Generation Essentials Group (「TGE」) jointly announced that cryptocurrency will be an essential part of the corporate treasuries of these three companies as a "strategic reserve."
This "strategic reserve" encompasses bank deposits and other uncollateralized, unencumbered, and liquid investments, totaling approximately $240 million as of June 30, 2025. Specifically, the planned cryptocurrency investment portfolio will center around Bitcoin (BTC), Ethereum (ETH), and USDT.
Among the three NYSE-listed companies under the AMTD Group, TGE will be in charge of expanding and concentrating on cryptocurrency-related opportunities and development. The name TGE has held genetic significance since its inception, representing not only "The Generation Essentials" but also symbolically referring to "Toke
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