Gemini Officially Files for IPO... Loan Contract with Ripple Up to $150 Million
The Block reported that Gemini, a US cryptocurrency exchange, has disclosed its IPO application (S-1) submitted to the US Securities and Exchange Commission (SEC). According to the document, Gemini plans to list on the Nasdaq stock exchange with the ticker GEMI. The proposed public offering price was not disclosed. The document also includes details of a credit contract Gemini signed with Ripple in July. Gemini can borrow up to $75 million from Ripple, and if the limit is exceeded, it can obtain a loan of up to $150 million in the form of Ripple's stablecoin RLUSD. Meanwhile, Gemini had previously submitted an IPO application (S-1) to the SEC in June.
American Bitcoin Pursuing Acquisition of BTC-Related Asian Listed Companies
Financial Times (FT) reported that American Bitcoin (ABTC), a Bitcoin mining company supported by Donald Trump's two sons, is considering acquiring Bitcoin-related Asian companies. According to an anonymous source, ABTC is likely to acquire a Japanese listed company, with the possibility of acquiring a Hong Kong listed company as well. Regarding this, ABTC stated, "We are exploring opportunities in specific regions, but have not yet made any binding commitments." ABTC had previously signed an official merger contract with another BTC mining company, Griffon Digital, in May and announced plans to go public.
Solana Strategy Coming Soon?... Rumors of Large SOL Strategic Investment Firm Launching in September
Andy, founder of the cryptocurrency podcast The Rollup, reported rumors that large SOL strategic investment firms supported by cryptocurrency foundations are set to launch in September. He said, "These companies are currently raising funds and are expected to complete fundraising within 1-2 weeks. Official announcements will be made around late August to September. These companies plan to directly purchase SOL and use customers' locked SOL for revenue generation. They are also expected to receive support from some well-known companies."
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
The recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation rate are as follows:
ETH Liquidation Scale: $170 million, Liquidation Rate: Long 81.76%
BTC Liquidation Scale: $51.66 million, Liquidation Rate: Long 89.28%
SOL Liquidation Scale: $27.21 million, Liquidation Rate: Long 83.65%
Long-Short Ratio of BTC Perpetual Futures on 3 Major Exchanges
The recent 24-hour BTC perpetual futures long-short position ratio based on open interest at the world's top 3 cryptocurrency futures exchanges is as follows:
Overall Exchanges: Long 48.51% / Short 51.49%
1. Binance: Long 48.62% / Short 51.38%
2. Bybit: Long 46.11% / Short 53.89%
3. Gate.io: Long 52.11% / Short 47.89%
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