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Cision Canada
2 days ago
- Business
- Cision Canada
Ethereum Trades Above $4.6K as Bybit Releases 10-Year Outlook Report
DUBAI, UAE, Aug. 13, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced the release of its latest Crypto Insights Report, "Ethereum at 10: A Decade of Disruption and the Road Ahead," as Ethereum trades well above the $4,600 mark, only 6% away from the all-time-high reached in November 2021. As the institutions' demand for Ether as treasury is nowhere to stop, Ether is poised for an all-time-high as soon as this week. The report examines Ethereum's first decade, its shift from Proof of Work (PoW) to Proof of Stake (PoS), and its ambitious roadmap through 2035, outlining how upcoming upgrades could transform scalability, efficiency, and security across the blockchain ecosystem. Ethereum now secures hundreds of billions in digital assets and processes millions of transactions each day. It serves as the foundation for decentralized finance (DeFi), non-fungible tokens (NFTs) and the growing market for tokenized real-world assets (RWAs). The Bybit report details how Ethereum's planned upgrades, from danksharding and zero-knowledge EVM integration to the Lean Ethereum vision, are expected to deliver exponential improvements in scalability, efficiency and security. Key highlights from the report: Scaling for the Future: Upgrades will enable millions of transactions per second through sharding, Layer 2 rollups and a next-generation virtual machine, alongside single-slot finality for near-instant settlement. Lean Ethereum Strategy: A shift toward modular simplicity, minimalism and quantum resistance to strengthen long-term resilience. ETH as a Yield-Bearing Asset: Ethereum's PoS model has turned Ether into a crypto-native yield benchmark, influencing rates across DeFi markets. Institutional Engagement: Leading global institutions including BlackRock, Visa and Deutsche Bank are adopting Ethereum for tokenized assets and enterprise blockchain infrastructure. Maintaining Leadership: Ethereum remains the top Layer 1 by developer activity and total value locked, while its Layer 2 ecosystem is expanding to capture more use cases. Long-Term Forecast: By 2035 Ethereum could operate as a highly scaled and secure base layer supporting trillions of dollars in annual on-chain economic activity with a stable or shrinking supply of ETH. The report finds that Ethereum is entering a decade of significant technological advancement and deeper integration into the global financial system. With its developer community, liquidity depth and adaptability, Ethereum is positioned to remain the core infrastructure for the decentralized economy. Full Report Access The complete Bybit Crypto Insights Report: Ethereum at 10 is available here. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Yahoo
12-06-2025
- Business
- Yahoo
Gemini pursues IPO
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Gemini confidentially filed paperwork related to its initial public offering, the firm said June 6, becoming the fourth cryptocurrency-related firm to target listing in 2025. The listing, expected 'after the SEC completes its review process, subject to market and other conditions,' will be close on the heels of stablecoin issuer Circle's. Circle's stock (CRCL) opened on the New York Stock Exchange on June 5 at $69, more than double its $31 IPO price and well above the expected price range of $24 to $26. CRCL was $117.98 at 1:30 p.m. Wednesday. Crypto firms eToro, a social investment fintech, and Galaxy Digital, which creates crypto and artificial intelligence infrastructure, have also filed for their IPO this year, and started trading May 14 and 16, respectively. Bullish, a crypto exchange backed by billionaire Peter Thiel, has also confidentially filed for its IPO, Financial Times reported Tuesday – making it 2025's fifth. Chris Perkins, president of crypto-native investment firm CoinFund, called public markets 'back in vogue' under a more 'innovation-friendly [Securities and Exchange Commission].' 'The Circle IPO showed the amount of pent-up demand for crypto-oriented companies. Recent news about Gemini, Bullish and others makes it feel like the IPO 'window' could turn into an IPO floodgate. But it doesn't stop there,' Perkins said in an email to Banking Dive. 'A flurry of reverse merger crypto acquisition companies and SPAC deals are also bringing crypto to public equity markets. It's a new era.' ByBit's recent Crypto Insights Report makes a similar prediction, naming Consensys, Ledger, Fireblocks and Kraken as strong IPO contenders in the crypto sphere. 'As the crypto landscape continues to mature, these IPOs could not only excite investors, but also further legitimize the role of cryptocurrencies in the global economy,' Bybit wrote. Gemini's announcement confirms a March Bloomberg report and comes less than four months after the SEC closed the book on its two-year battle with Gemini. The current SEC, under the leadership of former Acting Chairman Mark T. Uyeda and Chairman Paul Atkins, has made decisions far afield from those of the SEC under Biden-era Chair Gary Gensler. Gemini is one of many crypto firms whose charges by the SEC have been abandoned since January. 'The SEC cost us tens of millions of dollars in legal bills alone and hundreds of millions in lost productivity, creativity, and innovation,' wrote Cameron Winklevoss, Gemini co-founder, on social media platform X in February. 'Of course Gemini is not alone. The SEC's behavior in aggregate towards other crypto companies and projects cost orders of magnitude more and caused unquantifiable loss in economic growth for America.' Moving forward, regulatory clarity is 'foundational' for crypto firms, Gemini Chief Financial Officer Dan Chen told CFO Dive in a recent interview. 'Regulatory clarity is, simply put, an ability for business to know what the rules are and how to remain in compliance with the rules,' Chen said. 'And I think the mode we're in now, where regulators are investing the time to create frameworks that are clear, that are concise and allow businesses to operate, is essential.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
