Trading for Bitcoin and Ethereum (ETH) set to debut on the New York Stock Exchange (NYSE), Nasdaq, and additional stock exchanges

In the ever-evolving world of cryptocurrencies, this week has been brimming with exciting developments. Here's a roundup of some of the key announcements that have caught the attention of investors and traders alike.

Gemini, the popular cryptocurrency exchange, has shared plans for an Initial Public Offering (IPO) at a valuation of $2.3 billion. If successful, the offering could raise up to $317 million. This move is set to provide more options for investors and traders, expanding the market beyond the current dominant platforms like Coinbase and Kraken.

MobyScreener, a prediction market platform, has introduced a new tool showcasing the top traders across various prediction markets in a live feed. Starting with Polymarket, this feature is expected to offer a fresh perspective for those interested in the prediction market landscape.

Underdog and Crypto.com have joined forces to launch a prediction market, with a focus on sports predictions. This partnership aims to cater to the growing demand for sports-related predictions in the crypto sphere.

In the AI sector of cryptocurrencies, FARTCOIN, VIRTUAL, TIBBIR, aixbt, and ai16z have emerged as leaders. Meanwhile, TIBBIR and CAESAR have led the top movers in this sector.

The Collector Crypto token CARDS has seen a significant surge, jumping 250% to a fair market value (FMV) of $300 million, as Pokémon hype soars. Other tokens related to the Pokémon meta, such as HUCH, COPE, and ZARD, have also experienced notable growth.

The overall crypto market cap is up 2%, reflecting a positive trend in the industry. Bitcoin ETFs saw a significant inflow of $332.8 million on Monday, marking their highest total since August 8, while ETH ETFs saw a smaller outflow of $135 million.

Coinbase has unveiled a new product, Mag7 + Crypto Equity Index Futures, which links COIN, big-tech stocks, and BTC/ETH ETFs for trading. This hybrid index could potentially bring spot and derivatives trading under one roof, offering tighter spreads and fewer fragmentation headaches.

Linea, another player in the crypto market, has announced its Token Generation Event (TGE) for September 10. The company has also launched 'Linea Ignition,' a liquidity-boosting incentive program for the entire Linea community. Additionally, Ondo Finance has announced that tokenized stocks and ETFs will go live for trading on Ethereum today.

California Governor Gavin Newsom has announced plans to launch an anti-Trump memecoin of his own, adding another layer of intrigue to the memecoin market. Memecoin leaders have seen green this week, with DOGE, Shiba, PEPE, PENGU, BONK, SPX, FARTCOIN, and TRUMP all experiencing growth.

In regulatory news, the SEC and CFTC have issued a joint statement allowing registered U.S. exchanges to facilitate trading in certain spot crypto asset products. This move is seen as a significant step forward, as it indicates a welcoming stance towards innovation in the crypto space.

SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham have both expressed optimism about this development, with Pham stating that it signifies the end of the previous administration's stance against innovation.

Meanwhile, Galaxy Digital has announced plans to tokenize its SEC-registered shares on Solana, potentially paving the way for other registered exchanges to follow suit. SEC-registered national securities exchanges like the NYSE, Nasdaq, and CBOE, as well as CFTC-registered designated contract markets like the CME, could potentially list, subject to approval.

In the NFT market, ETH NFTs were mostly red, led by Nodemonkes (+8%), while Abstract NFTs were mixed, led by Gigaverse ROMs (+12%). Bitcoin NFTs, however, were mostly red.

Finally, ETHZilla has deployed $100 million of ETH holdings into EtherFi's restaking protocol, and Rekt Drinks has announced a strategic partnership with GameSquare Holdings, with GameSquare buying $2 million of REKT tokens.

This whirlwind of activity underscores the dynamic and rapidly evolving nature of the cryptocurrency market. Stay tuned for more updates as these developments continue to unfold.

Trading for Bitcoin and Ethereum (ETH) set to debut on the New York Stock Exchange (NYSE), Nasdaq, and additional stock exchanges