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- 🚨 "Crypto Comebacks & IPOs: BitGo Goes Public, Polymarket Returns to the U.S.
🚨 "Crypto Comebacks & IPOs: BitGo Goes Public, Polymarket Returns to the U.S.
Your front-row seat to the biggest gains, boldest calls, and breaking stories in crypto—delivered daily.
CoinGape Newsletter
July 21, 2025
📰 News
BitGo Joins the U.S. IPO Wave Amid Crypto Clarity Push
Crypto custody giant BitGo has officially filed a confidential draft registration with the SEC for its IPO, signaling another major player eyeing Wall Street.
📝 The filing doesn’t disclose share count or pricing yet, but comes as the Trump administration’s pro-crypto stance—highlighted by the GENIUS Act—boosts industry confidence.
BitGo now joins Grayscale and Bullish in the growing list of crypto firms gearing up to go public. Notably:
Grayscale also filed confidentially last week.
Bullish, backed by Peter Thiel, revealed more IPO details and plans to list under “BLSH” on the NYSE, with J.P. Morgan, Citigroup, and Deutsche Bank as lead underwriters.
📈 As regulation clears the path, crypto meets capital markets — and this wave is just getting started.
Polymarket Eyes U.S. Comeback with $112M Exchange Acquisition
After nearly 3 years away, Polymarket is making moves to reenter the U.S. market, striking a deal to acquire CFTC-approved exchange QCX for a reported $112M, according to Bloomberg.
🔍 This follows the recent closure of investigations by both the CFTC and DOJ, clearing a major regulatory hurdle.
📝 While the deal isn't finalized, sources say an official announcement is imminent—potentially reintroducing Polymarket to U.S. users.
💡 QCX, a low-profile exchange, received its CFTC license just days ago on July 9, making the timing of this move highly strategic.
📊 If successful, Polymarket’s return could reignite the Web3 prediction market space in the U.S.
Stay tuned — this story is still unfolding.
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📊 Markets
Crypto Market Rally: ETH & DOGE Lead the Charge Toward $4T
The crypto market is heating up again, with total market cap nearing $4 trillion and $365M in liquidations in the last 24 hours — $210M of that from shorts alone.
📈 Top Movers:
Ethereum (ETH) up 4% to $3,800, weekly gains hit 25%
Dogecoin (DOGE) surges 10.37% to $0.279, weekly rally hits 35%
XRP climbs 3.71%, trading above $3.50, weekly gains at 21%
DOGE Futures OI up 17% to $5B, signaling bullish trader sentiment
With Bitcoin holding steady at $118K, all eyes are now on altcoins fueling the next breakout.
Is this the start of the next mega bull run?
PEPE Coin Is Just a Step Away from a New All-Time High!
Popular analyst Jake Gagain highlights a stunning +32% surge this month, pushing PEPE’s market cap to $5.62B, rebounding from just $2.5B in March!
“PEPE is less than 2x away from its ATH,” says Gagain — and with Ethereum climbing past $3,600, history shows PEPE tends to ride ETH’s momentum.
If ETH hits a new ATH above $4,900, analysts predict PEPE could soar to a $15–$20B market cap. That would firmly place it on the path to the Top 50 coins club.
TA from @ChandlerCharts echoes this view, showing every ETH breakout above $3,100 has previously sparked massive PEPE rallies.
“Are you ready for a possible new ATH this weekend?”
With renewed buying pressure and growing meme coin momentum, PEPE is primed for a breakout.
