Invest ideasNews
13 May 2026, 19:25
Consensys Delays US IPO Indefinitely, Joining Kraken and Ledger in Pausing Public Listing Plans
BitcoinWorld Consensys Delays US IPO Indefinitely, Joining Kraken and Ledger in Pausing Public Listing Plans Consensys, the Brooklyn-based software company behind the popular MetaMask wallet, has decided to postpone its long-anticipated U.S. initial public offering (IPO) until at least the fall of 2025, according to a report from CoinDesk. The decision comes as the broader cryptocurrency market continues to experience a prolonged downturn, making it an unfavorable environment for new public listings. Why Consensys Is Waiting The company had already taken significant steps toward going public, including selecting JPMorgan and Goldman Sachs as lead underwriters. However, sources familiar with the matter indicate that current market conditions—characterized by low investor appetite for crypto-related equities and persistent regulatory uncertainty—have forced a strategic pause. Consensys is not alone in this recalibration. Several other prominent crypto firms that had signaled IPO ambitions earlier this year have also pulled back. Kraken, one of the largest U.S. cryptocurrency exchanges, and Ledger, the French hardware wallet manufacturer, have both halted their public listing plans, citing similar headwinds. This wave of delays suggests a broader reassessment within the industry about the timing and viability of entering public markets during a bearish cycle. Market Context and Regulatory Landscape The decision by Consensys, Kraken, and Ledger reflects a cautious approach despite some improvements in the U.S. regulatory environment. While there has been incremental progress—such as clearer guidelines from the Securities and Exchange Commission (SEC) on certain token classifications—the overall sentiment among institutional investors remains cautious. The prolonged market downturn has eroded valuations and reduced the immediate financial incentive for private companies to pursue an IPO. For Consensys specifically, the delay also allows the company to focus on its core product development and legal battles. The firm has been actively involved in litigation against the SEC over the classification of Ethereum and MetaMask’s services, a case that could have significant implications for its business model and valuation. What This Means for Investors and the Crypto Ecosystem The postponement is a signal to the market that even well-funded, established crypto infrastructure providers are not immune to the broader macroeconomic pressures. For retail and institutional investors, it means that a highly anticipated liquidity event—one that could have provided a benchmark for valuing other private crypto companies—will not materialize in the near term. Moreover, the collective pause by multiple major firms could delay the next wave of crypto adoption by limiting the number of publicly traded, regulated vehicles available to traditional investors. Until the market stabilizes and regulatory clarity deepens, the path to public markets for crypto-native companies appears blocked. Conclusion Consensys’ decision to postpone its IPO until at least fall 2025 is a pragmatic response to unfavorable market conditions, a move mirrored by Kraken and Ledger. While the U.S. regulatory landscape is slowly improving, the prolonged crypto downturn has made it difficult for companies to secure favorable valuations. For now, the industry will have to wait for a more welcoming environment before any of these major players make their public market debut. FAQs Q1: Why did Consensys postpone its IPO? Consensys postponed its IPO due to unfavorable market conditions in the cryptocurrency sector, including low investor appetite and a prolonged market downturn. The company had already selected JPMorgan and Goldman Sachs as underwriters. Q2: Are other crypto companies also delaying their IPOs? Yes. Kraken and Ledger have also halted their IPO plans for similar reasons, reflecting a broader industry trend of waiting for more favorable market conditions. Q3: When might Consensys proceed with its IPO? According to the report, Consensys plans to revisit its IPO plans no earlier than the fall of 2025, depending on market recovery and regulatory developments. This post Consensys Delays US IPO Indefinitely, Joining Kraken and Ledger in Pausing Public Listing Plans first appeared on BitcoinWorld .
13 May 2026, 19:18
Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System
As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system. Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he described as the crypto industry meeting requests from bank lobbyists and lawmakers, while the banking sector also gave ground during negotiations. Coinbase CEO’s CLARITY Act Pitch Armstrong also highlighted one specific element tied to stablecoin rewards. He said the approach in the latest bill would only apply when there is “some sort of material activity on the account,” adding that he believes the overall package would make the system “more efficient.” The claim is that the legislation would help streamline financial services, reduce friction, and make access easier for consumers and businesses—while still keeping the framework aligned with banking-sector concerns that were raised during talks. Related Reading: New CLARITY Act Text Is Out: Expert Claims XRP Looks Strong In The Details Still, critics point to the banking industry’s pushback as evidence that the dispute is far from settled. As reported throughout the week by Bitcoinist, banking trade groups have opposed the CLARITY Act’s stablecoin-rewards provision, arguing that it could give crypto firms too much flexibility. Their position is that the policy might also encourage deposits to shift away from traditional, insured banking channels rather than strengthening them. Beyond the details of stablecoin rules, Coinbase CEO argued that the broader direction of the CLARITY Act reflects growing institutional interest in digital assets. In his view, banks are increasingly integrating stablecoins and crypto-related services because customer demand is rising—an angle that suggests the bill, if passed in its current form, could provide the clearer structure institutions want before expanding further. Can The Latest Crypto Bill Draft Survive? Supporters of the bill are not limited to Coinbase. Ripple CEO Brad Garlinghouse also backed the current push, commenting on social media site X (previously Twitter) that the Senate Banking Committee is “putting in the work” to move the CLARITY Act forward. Garlinghouse’s message emphasized that Ripple supports the bill because crypto businesses and major participants should have the “same rules and protections as every other asset class,” and because—if the US is serious about leading in crypto—this is the moment to finalize legislation and get it done. Even with that backing, the legislative road ahead is not smooth. Politico reported that Senator Elizabeth Warren, a well-known crypto skeptic, is vowing to pursue extensive changes to the bill through amendments. Related Reading: First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details The reporting says Warren and others are preparing more than 100 amendments ahead of the markup, following the release of an updated 309-page draft that expands on an earlier 278-page version introduced in January. According to the same reporting, Warren submitted more than 40 amendments on her own, with much of the rest attributed to Democratic members of the Banking Committee. This mirrors earlier moves around the bill: the January markup session drew 137 amendments, and it was eventually cancelled after a period of resistance that included Armstrong and Coinbase withdrawing support for the bill at the time. For now, the core question going into Thursday’s markup is whether the latest CLARITY Act draft can hold together. Featured image created with OpenArt, chart from TradingView.com
13 May 2026, 19:00
Short-Term Bitcoin Holders Show Clear Signs of Profit-Taking, Analyst Says
BitcoinWorld Short-Term Bitcoin Holders Show Clear Signs of Profit-Taking, Analyst Says Short-term Bitcoin holders are actively taking profits, according to a new on-chain analysis, with over 7,000 BTC deposited to Binance in several large transactions since mid-April. The trend suggests that a key group of investors is locking in gains from the current rally rather than expecting further significant price increases. On-Chain Data Reveals Repeated Selling Pressure CryptoQuant analyst Amr Taha identified five separate large deposits of Bitcoin from short-term holders to the Binance exchange, totaling more than 7,000 BTC. These holders, typically defined as those who have held Bitcoin for less than 155 days, are often more sensitive to price movements and quicker to realize profits. According to Taha’s analysis, the selling pressure is primarily coming from profitable positions being moved onto exchanges, with relatively limited selling from holders who are currently at a loss. This pattern indicates a deliberate strategy to secure gains rather than panic selling. Profit-Taking Accelerated After $75,000 The data shows that deposit volumes from short-term holders increased noticeably after Bitcoin’s price surpassed the $75,000 mark. This suggests that the $75,000 to $80,000 range has become a key profit-taking zone for this cohort of investors. While Bitcoin has experienced a strong rally in recent months, the repeated deposit patterns imply that short-term holders are not expecting a sustained breakout above current levels. Instead, they are choosing to reduce their exposure incrementally. What This Means for the Market The ongoing selling pressure from short-term holders does not necessarily signal an imminent price decline, but it does introduce a persistent headwind. If demand from new buyers or long-term holders fails to absorb this supply, upward momentum could stall. Analysts are watching whether this profit-taking behavior will spread to longer-term holders, which would represent a more bearish shift in market sentiment. For now, the data points to a cautious but not panicked market environment. Conclusion Short-term Bitcoin holders are actively taking profits, depositing over 7,000 BTC to Binance since mid-April, with selling pressure intensifying after the price crossed $75,000. The trend reflects a cautious stance among this group, who appear to be securing gains rather than betting on further upside. The market’s ability to absorb this supply will be a key factor to watch in the coming weeks. FAQs Q1: Who are short-term Bitcoin holders? Short-term holders are typically defined as addresses that have held Bitcoin for less than 155 days. They are often more reactive to price changes and more likely to sell during rallies. Q2: How much Bitcoin have short-term holders deposited to exchanges? According to CryptoQuant analyst Amr Taha, short-term holders have deposited over 7,000 BTC to Binance in five separate transactions since mid-April 2025. Q3: Does profit-taking by short-term holders mean the price will fall? Not necessarily. It does create selling pressure, but if demand from new buyers or long-term holders remains strong, the price can continue to rise. However, sustained profit-taking can limit upside momentum. This post Short-Term Bitcoin Holders Show Clear Signs of Profit-Taking, Analyst Says first appeared on BitcoinWorld .
13 May 2026, 18:05
British Pound Slips Against Japanese Yen as UK Leadership Uncertainty Mounts
BitcoinWorld British Pound Slips Against Japanese Yen as UK Leadership Uncertainty Mounts The British Pound weakened against the Japanese Yen on Monday, as growing uncertainty over the UK’s political leadership weighed on investor sentiment. Sterling fell to a session low of 190.45 yen, down 0.6% from Friday’s close, before recovering slightly to trade near 190.80. The move reflects mounting concerns about the stability of the current government and the potential for policy shifts that could affect the UK’s economic trajectory. Political Risk Weighs on Sterling The decline in the GBP/JPY pair comes amid reports of internal party tensions and speculation about a possible leadership challenge within the ruling party. Investors are pricing in a higher risk premium for UK assets, as political uncertainty typically leads to delayed fiscal decisions and reduced business confidence. The Japanese Yen, meanwhile, benefited from safe-haven demand, as traders sought refuge from the political turbulence in London. Analysts note that the Pound’s sensitivity to political developments has increased in recent months, with the currency reacting sharply to any signals of instability. The current situation mirrors previous episodes of leadership uncertainty, such as the 2022 Conservative Party leadership contest, which saw the Pound drop over 3% against the Yen during the height of the campaign. Market Implications and Broader Context The GBP/JPY pair is particularly sensitive to risk sentiment, as the Yen is traditionally viewed as a safe-haven currency. When political uncertainty rises, investors often sell riskier assets like the Pound and buy Yen, pushing the exchange rate lower. This dynamic has played out repeatedly over the past decade, including during the Brexit referendum in 2016 and the 2019 general election. For traders and businesses with exposure to the UK-Japan currency pair, the current volatility underscores the importance of hedging strategies. Importers and exporters who rely on stable exchange rates may face increased costs if the Pound continues to weaken. Additionally, Japanese investors holding UK assets may see reduced returns in Yen terms if the depreciation persists. What This Means for Investors The immediate outlook for GBP/JPY depends on how quickly the political situation resolves. If the government provides clear communication about its leadership and policy direction, the Pound could stabilize. However, if uncertainty drags on, further downside is possible. The Bank of England’s monetary policy stance also remains a factor, with expectations of interest rate cuts adding to the Pound’s vulnerability. For retail investors and expatriates, the current exchange rate may present opportunities to convert Yen to Pounds at a favorable rate, though timing the market remains risky. Long-term holders of GBP-denominated assets should monitor political developments closely, as prolonged instability could lead to sustained weakness. Conclusion The British Pound’s decline against the Japanese Yen reflects the market’s reaction to heightened political uncertainty in the UK. While the move is significant, it remains within the range of normal currency fluctuations during periods of political stress. Traders and businesses should remain cautious and prepare for potential further volatility as the situation evolves. The key question is whether the current leadership concerns will be resolved quickly or escalate into a prolonged period of uncertainty that could have deeper economic consequences. FAQs Q1: Why does political uncertainty affect the British Pound? Political uncertainty can lead to delayed policy decisions, reduced business investment, and lower investor confidence, all of which can weaken a currency. The Pound is particularly sensitive because the UK is a major global financial center, and political stability is a key factor for international investors. Q2: Is the Japanese Yen always a safe haven? The Yen is widely considered a safe-haven currency due to Japan’s large current account surplus, stable political environment, and deep financial markets. During global or regional uncertainty, investors often buy Yen, pushing its value higher against riskier currencies like the Pound. Q3: How can businesses protect themselves from currency volatility? Businesses can use hedging instruments such as forward contracts, options, and swaps to lock in exchange rates and reduce exposure to sudden moves. Consulting with a foreign exchange specialist or financial advisor is recommended for tailored strategies. This post British Pound Slips Against Japanese Yen as UK Leadership Uncertainty Mounts first appeared on BitcoinWorld .
13 May 2026, 18:00
Binance Coin: Why the $650 level is crucial after BNB’s latest rally
BNB approached the local range's highs at press time, and the market hasn't yet made its mind up on where to take prices next.
13 May 2026, 16:40
Bitcoin price drops below $80,000 as U.S. investors lead selloff
After several failed attempts to rally above $82,200 over the past seven days, Bitcoin ( BTC ) price fell below its psychological support level around $80,000 on May 13, amid low demand in the United States. Bitcoin price has dropped nearly 3% over the past 7 days, trading at about $79,340 at press time. The flagship coin lost more than $2,176 per coin on Wednesday, hitting its lowest level in seven days. BTC/USD 7-day chart. Source: Finbold Amid increased volatility in the past 24 hours, over $91.5 million was liquidated, with more than $77.5 million involving long traders, according to metrics from CoinGlass . Bitcoin price succumbs to rising selling pressure in the U.S. Bitcoin price slipped below $80,000 on Wednesday as United States investors remained predominantly cautious ahead of Thursday’s markup reading for the Clarity Act – a proposed U.S. federal law seeking to legalize crypto assets. Furthermore, the recent BTC price rally to reach above $82,200 was largely backed by leveraged traders, as Finbold explained . Meanwhile, the Bitcoin Coinbase Premium Gap – difference between BTC price on Coinbase and Binance – remained largely negative over the past 24 hours, according to data from CryptoQuant . Essentially, a negative Coinbase Premium Gap indicates that U.S. investors are not willing to pay the global BTC price, thereby suggesting their heightened selling pressure and vice versa. Bitcoin Coinbase Premium Gap. Source: CryptoQuant With around 71% of BTC’s short-term holders in profit, the highest since October 2025, based on analytics from CEX.io, selling pressure could persist due to accelerated profit-taking. Moreover, BlackRock’s iShares Bitcoin Trust ( IBIT ) and iShares Ethereum Trust (ETHA) have led U.S. investors in profit-taking after the recent relief, as Finbold reported . As such, if Bitcoin demand from U.S. investors continues to weaken in the near term, the flagship coin could face further bearish sentiment and vice versa. The post Bitcoin price drops below $80,000 as U.S. investors lead selloff appeared first on Finbold .
