Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO) .

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The firm priced shares at $33 a share under the ticker “FIG," valuing the company at about $20 billion. The stock changed hands at $98 in initial trades on Thursday, suggesting a valuation closer to $60 billion.

Figma, a developer of design software, previously disclosed the ownership roughly $70 million worth of the Bitwise Bitcoin ETF (BITB) and said it plans to buy another $30 million worth of spot bitcoin

While Figma is far from being a crypto company, the fact that it holds bitcoin could possibly start a trend for other Silicon Valley offerings.

Read more: Bitcoin Bull Mulls Different Kind of Corporate Treasury Strategy as Prices Continue on Hold



The firm had signed a deal with Adobe to be purchased for $20 billion, but the software company terminated the deal in 2023, agreeing to pay Figma a $1 billion termination fee.

Figma is the latest company to take advantage of a hot IPO season in which crypto firms like Circle (CRCL) or eToro (TOR) have seen their stock price and valuation skyrocket in the phase of regulatory clarity being established in the U.S.

Figma Stock (FIG) Nearly Triples After IPO

BlackRock executive Rick Rieder reportedly thinks the U.S. Federal Reserve could slash rates by 50 basis points in September.

Rieder, the asset management giant’s chief investment officer of global fixed income, said in a note to clients that Friday’s tepid jobs report from the U.S. Bureau of Labor Statistics could convince the Fed to institute a larger cut than expected, according to a new report from CNBC.

“If slack in the labor force builds at all, or we continue to see a below 100,000 jobs hiring rate persistently, we would expect the Fed to start moving rates lower, and a 50-basis point cut in September might be possible depending on how the data evolves.”

The new labor report indicated total nonfarm payroll employment increased by 73,000 jobs in July, less than the Dow Jones estimate of 100,000.

The CME FedWatch Tool, which generates probabilities using the 30-day Fed Funds futures prices, estimates there’s an 80.3% chance the Fed will cut the federal target rate by 25 basis points at the Federal Open Market Committee (FOMC) meeting in September, up from 37.7% on Thursday. However, the tool currently estimates there’s zero chance of a 50-basis-point cut.

Fed Chair Jerome Powell said at a press conference this week that no decisions have been made about September’s potential policy choices.

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Fed Could Slash Rates by 50 Basis Points in September After Weak Jobs Report, Says BlackRock Executive: Report

A rapidly evolving bank malware now has far greater capabilities to infect Android devices and steal personal information, according to researchers.

The cybersecurity firm Zimperium says the so-called DoubleTrouble trojan “has rapidly evolved in both its distribution methods and capabilities,” and is now permeating channels on the social platform Discord.

“In its latest evolution, the malware has integrated several new and advanced features, significantly expanding its capabilities beyond earlier iterations. These enhancements enable more effective data theft, device manipulation, and evasion techniques.

The new functionalities include: displaying malicious UI overlays to steal PIN codes or unlock patterns, comprehensive screen recording capabilities, the ability to block the opening of specific applications, and advanced keylogging functionality.”

Researchers say the malware convinces users to download it by masking itself as an extension or an add-on, and it uses the Google Play icon to appear trustworthy.

It also manipulates device functionality by exploiting Android’s Accessibility Services, allowing it to block legitimate banking or security apps with misleading “system maintenance” prompts.

In addition, the malicious software simulates user actions like taps and swipes, allowing attackers to remotely control infected devices and steal data, including passwords and banking details, with alarming precision.

The trojan’s attacks are ongoing, primarily targeting users in Europe through phishing websites and Discord-hosted APKs. Specific victim counts remain unknown at time of publishing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Hackers Attack Android Users’ Bank Accounts As Rapidly Improving Malware Steals PIN Codes, Unlock Patterns, Login Credentials and Records Screens: Cybersecurity Researchers

Tether CEO Paolo Ardoino says the company behind the leading stablecoin is aiming to expand its offerings in the US.

In a post on the social media platform X, Ardoino unveils the company’s plan for one of the world’s top financial markets as the stablecoin issuer releases its quarterly attestation for Q2 2025.

“USDt growth is accelerating, leading the market with a 100B delta with the second-largest stablecoin.

In the upcoming quarter Tether will focus on a new venture in the US, to build a best-in-class product suite (stablecoins plus more), designed for the specific, already highly efficient, market.”

According to the newly published attestation completed by the global accounting firm BDO, Tether made $4.9 billion in net profits during the second quarter of the year. This brings the total to $5.7 billion for the first six months of 2025.

Tether also becomes one of the largest US debt holders with over $127 billion in treasuries, which includes $105.5 billion in direct holdings and $21.3 billion owned indirectly. The company’s US treasuries exposure is up by $8 billion compared to Q1 2025.

Tether issued $13.4 billion USDT during the period. The stablecoin’s circulating supply now exceeds $157 billion, up by $20 billion year-to-date.

Says Ardoino,

“Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust Bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not just keeping pace with global demand, we’re shaping it.”

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Tether CEO Says Leading Stablecoin Issuer To ‘Focus on a New Venture in the US’ After Inking $4,900,000,000 in Net Profit in Q2

A US-based non-profit is launching a new guaranteed income pilot program that will give thousands of dollars to people to use as they wish.

The Georgia Resilience & Opportunity (GRO) Fund says the Freedom Futures guaranteed income pilot program will provide a no-strings-attached monthly income of $500 for 48 months, or $24,000 for the entire period, to selected participants in the state.

Applicants for the program must be 18 to 25 years of age and must either be enrolled in high school or in a tertiary institution of learning partnering with the nonprofit. The applicant’s household income must be at or below double the federal poverty level.

Participants in the guaranteed income pilot program will also be eligible to receive investment capital on top of the $500 monthly income.

“Freedom Futures provides an investable sum of over $20,000, which can be used towards the following wealth-building purposes: homeownership, entrepreneurship, higher education, or investing in a retirement account.”

To receive the investment capital, participants will have to undertake financial education to enable them to make informed decisions. The investable sum will be handed out starting in the third year of the Freedom Futures guaranteed income pilot program.

Applications must be submitted by the end of the day on August 27th. Applicants will be required to provide various documents, including proof of identity and income. Successful applicants will be notified within weeks of the application deadline passing.

“If you are selected, you can expect to receive your first income supplement payment in September 2025.”

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$24,000 in No-Strings-Attached Cash Coming To Residents in One US State As New Guaranteed Income Program Announced

Two decentralized science altcoins are wavering after gaining support from Coinbase, the top US-based crypto exchange platform by volume.

In a new thread on the social media platform X, Coinbase announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto products.

Following the announcements, the tokens both fell in price.

“ResearchCoin [and] Bio Protocol [are] now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

BIO is trading for $0.0612 at time of writing, a 7.3% decrease on the day while RSC is valued at $0.493, a 34% dip in price during the last 24 hours.

Earlier this week, Coinbase also added support for RSC – a project backed by Coinbase CEO Brian Armstrong that aims to improve science communication and research – on Base, its proprietary blockchain, causing the asset to spike in price at the time.

According to its official website, Bio Protocol is a blockchain that allows users to help fund early-stage biotech, making developments faster and more accessible.

“Our mission is to reshape how biotech breakthroughs are born by enabling global communities of patients, researchers and crypto users to create user-owned research networks that fund and develop new and emerging biotechnologies from day one?.

At its core, Bio is designed to help scientists raise funds for their research, create value from that research, and capture and distribute that value via commercial successes. By breaking down traditional biotech barriers and introducing a permissionless framework, Bio can accelerate life-saving discoveries while making them more accessible to all.”

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Two Decentralized Science (DeSci) Protocols Falter Following Live Listings on Coinbase

Google has agreed to pay millions of dollars to settle a class-action lawsuit accusing the tech giant of illegally collecting customers’ biometric data.

According to a newly updated settlement administrator’s portal, Google will pay $8.75 million to settle accusations of collecting and storing biometric data of users of its Google Workspace for Education (or G Suite for Education) in Illinois schools without proper notice or permission.

The $8.75 million settlement fund will be shared on a pro rata basis among the victims who file a claim. The lead plaintiff in the lawsuit could receive up to $5,000, while the settlement administrator estimates other class members could collect an amount between $30 and $100.

Eligible claimants include individuals in the state whose biometric data was allegedly collected and stored by Google over a decade.

“You are a Class Member and are affected by this Settlement if at any time between March 26, 2015 and May 15, 2025, you were a resident of Illinois and had a voice model or face model created or had the Voice Match or Face Match feature enabled in your GWFE account while enrolled in a school located in the State of Illinois.”

Claims must be submitted by October 16th.

Google says it “denies that it collected, captured, or stored biometric data without proper notice and consent, denies that it violated Illinois law or any other law, denies that it bears any liability whatsoever, and denies that anyone has sustained any damages or injuries due to these allegations.”

The final settlement approval hearing is scheduled for October 14th.

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Google Preparing To Hand $8,750,000 To Users After Being Accused of Collecting and Storing Biometric Data Without Permission

New data from the crypto analytics firm Swissblock suggests that Bitcoin (BTC) is gearing up to skyrocket even as its momentum turns negative.

In a new thread on the social media platform X, Swissblock says the top crypto asset by market cap just needs to flip its momentum in order to reverse course and spark a rally, likely taking altcoins with it if it does.

“Profit-taking is fading and selling pressure is being absorbed. BTC is preparing for breakout – but momentum needs to align. While BTC grinds sideways, watch for the moment it flips – [Ethereum] and altcoins will likely explode upward when it does.”

According to Swissblock, the crypto king was about to break out before its momentum stalled due to investors taking profits.

“What’s going on with Bitcoin? Momentum has failed to ignite. BTC attempted to break higher – but the rally stalled above $118,000, and momentum flipped back to negative…

Why is momentum stalling? Profit-taking is rising – but not as intense as late 2024. Realized profits grew during July, enough to cap upside and trigger consolidation. Selling pressure is visible, but not extreme – think cooling, not capitulation.”

The crypto analytics firm goes on to say that the flagship digital asset is tempting investors with profits, as the overwhelming majority of BTC holders are in the green.

“96% of supply is in profit. That’s a double-edged sword: Strong holders remain but unrealized gains are tempting sellers. Until demand returns, each bounce invites supply. The trend is intact – but momentum needs a reset.”

Swissblock concludes by noting that BTC’s fundamental technical indicators look healthy, meaning that it should trade sideways for a while before sparking a rally to the upside.

“BTC fundamentals are strong and stable. BFI (Bitcoin Fundamental Index) = 60 (neutral zone). Network Growth is cooling. Liquidity is recovering. This is a consolidation-supportive environment. BTC can grind sideways longer – until it’s ready to break with conviction.”

BTC is trading for $114,747 at time of writing, a 3% decrease on the day.

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Bitcoin Preparing for a Breakout After Momentum Turns Negative, Says Analytics Firm – Here’s the Outlook

The New York Times is reporting that OpenAI has secured $8.3 billion in a new round of funding, months ahead of schedule.

According to the NYT report, this round of investors, which includes Blackstone, TPG, T. Rowe Price, Fidelity, Andreessen Horowitz, and other financial giants, has helped blow up OpenAI’s valuation to $300 billion.

OpenAI has been planning to raise $40 billion by the end of 2025. When OpenAI announced its ambitions back in March, SoftBank immediately provided $30 billion towards the goal.

Now, in addition to $2.5 billion from venture capitalists earlier this year, OpenAI has raised a reported $40.8 billion, way ahead of schedule.

For its latest round, OpenAI’s biggest investor was Dragoneer Investment Group, a venture capitalist firm that coughed up $2.8 billion for the leading AI project.

Furthermore, OpenAI’s revenues are up $3 billion over the last month, with paid subscribers reaching the 5 million mark.

Co-founder Sam Altman’s other project, the ID-focused crypto Worldcoin (WLD), has also been growing this year, launching in the US in May.

Despite the expansion of iris-scanning devices, WLD is dipping alongside the rest of the crypto markets, trading for $0.987 at time of writing, about even with its position three months ago, and down 52% since last year.

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OpenAI’s Valuation Explodes to $300,000,000,000 Following New $8,300,000,000 Fundraising Round: Report

Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation.

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The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November 2024, when markets rallied on the election of Donald Trump, who was widely viewed as favorable to crypto interests.

This time, bullishness may be driven less by politics and more by fundamentals. The crypto market, as tracked by the CoinDesk 20 Index, jumped over 21% in July. Bitcoin

rose 7%, topping a new all-time high of $122,408 during the month.

Much of the action centered around BlackRock’s iShares Bitcoin Trust (IBIT) , which has quietly grown into a financial giant. With over $86 billion in assets, IBIT now outpaces established ETFs like the S&P 500-tracking IVV and the Russell 2000’s IWM. The fund’s higher fee structure makes it more lucrative for BlackRock than even its flagship equity products.

These gains may be just the beginning. Earlier this week, the Securities and Exchange Commission approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs, a technical change that’s expected to improve efficiency and appeal for institutional investors.

For large asset managers, in-kind redemptions let them swap crypto assets without triggering taxable events or facing liquidity crunches—making the funds easier and cheaper to manage at scale.







Crypto ETFs See Record $12.8B Inflows in July as Market Rallies to New Highs

Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020.

The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central bank on a path to restarting rate cuts at its next meeting in September.

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That's sent the yield on the 10-year U.S. Treasury bond plunging 14 basis points to 4.22% and the price of gold pumping 1.5% to $3,400 per ounce and back within sight of its record high.

Whither two other interest-rate sensitive assets: bitcoin and stocks? Not so much. With about 90 minutes to go in the U.S. trading session, both are at session lows, with the Nasdaq plunging 2.5% and bitcoin down more than 3% to $113,800.

And bitcoin's an outperformer. Ether (ETH) , solana

The president weighs in

BNB (BNB) , and dogecoinare all down about 6%. Notably holding its own is XRP (XPR) , off just 2.9%.

"Jerome 'Too Late' Powell is a disaster," said President Trump on Truth Social shortly after the jobs report. "DROP THE RATE."

Minutes ago, the president again took to his social media platform to call for the firing of Dr. Erika McEntarfer, the Commission of Labor Statstics (the group overseeing the jobs data) , accusing her of cooking the books to boost Biden/Harris last year and make things look worse under his administration.

Checking equities

As for crypto-related stocks, don't ask. Coinbase (COIN) has plunged nearly 18% as the day's risk-off mood combined with a punk earnings report Thursday evening. Tradfi-related peer Robinhood (HOOD) is lower by only 3.1%.

Also reporting last night was bitcoin miner Riot Platforms (RIOT) and it's tumbling 17%. Peer MARA Holdings (MARA) is down 3%.

High-flying stablecoin issuer Circle (CRCL) is off 7.5%, as is bitcoin treasury leader Strategy (MSTR) .

Bitcoin Price (BTC) News: No Relief From Prospect of Lower Rates

A closely followed crypto analyst says that one metric suggests Bitcoin (BTC) may decline to under $110,000 after losing a key support level.

In a new thread, crypto trader Ali Martinez tells his 145,400 followers on the social media platform X that Bitcoin may decline more than 7% from its current value as the flagship crypto asset declines along with the broader financial markets.

The crypto analyst looks at the Unspent Transaction Output (UTXO) Realized Price Distribution (URPD) model to determine the key support levels. The UTXO keeps track of the number of existing coins that last moved within a given price range.

“Bitcoin has lost the critical $116,950 support. All eyes now on the next major level at $107,000.”

Bitcoin is trading for $115,156 at time of writing, down 2.6% in the last 24 hours.

Next up, the analyst says that Ethereum (ETH) rival Cardano (ADA) may be printing a similar bull pattern from 2020-2021 and eventually increase to more than $5.

“Cardano is showing the same price structure as the last cycle, only this time, it’s unfolding more gradually. And it feels like we’re right at the beginning of an explosive move.”

ADA is trading for $0.73 at time of writing, down 3.8% in the last 24 hours.

Looking at decentralized oracle network Chainlink, the analyst predicts that LINK will increase to around $44.50 before the year’s end as it remains trading within the bounds of a bullish ascending channel.

“As long as Chainlink holds above the $13 support level, the bullish outlook remains intact. No reason to be bearish just yet.”

LINK is trading for $16.68 at time of writing, down 5.1% on the day.

Next up, the analyst warns that peer-to-peer file storage network Filecoin (FIL) may plummet in value after losing key support levels on the three-day chart.

“Filecoin appears to be breaking out of a channel, potentially eyeing a move to $0.89.”

FIL is trading for $2.36 at time of writing, down 4.6% in the last 24 hours.

Lastly, the analyst warns that Pepe (PEPE) may have a massive correction if the memecoin fails to reclaim a key level as support.

“PEPE needs to reclaim $0.0000118 as support to avoid a potential drop to $0.0000097!”

PEPE is trading for $0.00001072 at time of writing, down 4.6% on the day.

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Trader Says All Eyes on One Bitcoin Level After BTC Loses Critical Support Line, Updates Outlook on Cardano and Three Other Altcoins

Helium, one of the most well-known DePIN projects on Solana, is launching a new service called Helium Plus, aimed at transforming how businesses contribute to the Helium Network.

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Helium Plus will enable public Wi-Fi providers and businesses to join the network using existing Wi-Fi routers, with no additional hardware required. This will open the door for users and businesses to earn the network’s native token, HNT, by supporting wireless connectivity while tapping into a community-driven mobile infrastructure.

Decentralized Physical Infrastructure Networks (DePIN) are blockchain-powered systems that incentivize individuals and organizations to deploy and maintain real-world infrastructure, like wireless networks, by rewarding them with crypto tokens. These networks shift infrastructure ownership and operation from centralized entities to a distributed, community-driven model.

Helium specifically focuses on decentralized wireless connectivity, allowing users to provide network coverage through individually deployed “Hotspots.” Participants then earn HNT tokens by supporting mobile data transfer and expanding network availability.

Before Thursday’s announcement, participating in the Helium ecosystem typically meant deploying physical Hotspots devices that required upfront investment and technical configuration. With Helium Plus, users can use existing Wi-Fi routers, effectively turning any location with Wi-Fi into a Helium access point, making the cost burden easier for users who want to run the network.

“Helium Plus represents a major leap forward in how businesses can contribute to the Helium Network,” said Mario Di Dio, Network General Manager at Helium, in a press release shared with CoinDesk. “It offers instant, low-cost wireless integration, reducing infrastructure costs while creating new revenue streams and improving connectivity. The simplicity of our process is key to unlocking the full potential of this expansion.”

Read more: Telecom’s Future Lies in Decentralized Networks



Figma Stock (FIG) Nearly Triples After IPO

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