Bitcoin Surges Past $115K: Latest Crypto News

The following article is adapted from The Block’s newsletter, The Daily, which is published every weekday afternoon. I hope everyone had a great weekend! The Ethereum investment scene is heating up, with BitMine, The Ether Machine, and GameSquare investing millions in ETH to follow the successful trend set by Bitcoin. In today’s news, Bitcoin rebounds to $115,000 as the crypto market recovers, Bullish—backed by Peter Thiel—files for an IPO valued at $4.2 billion, Lido reduces its workforce by 15% to ensure long-term sustainability, and more. Additionally, Barry Silbert returns to Grayscale as chairman while the firm prepares to go public. Let’s dive into the details. **Bitcoin rebounds above $115,000 as ‘cautiously optimistic’ traders buy the dip** Bitcoin and major altcoins saw a resurgence on Sunday and Monday morning as traders capitalized on the recent dip following a selloff prompted by macroeconomic factors last week. **Peter Thiel-backed Bullish files IPO at $4.2 billion valuation** Bullish, a crypto platform supported by billionaire tech investor Peter Thiel, submitted its IPO filing in the U.S., seeking to raise up to $629 million at an estimated valuation of $4.2 billion, according to an SEC report on Monday. **Lido lays off 15% of workforce for ‘long-term sustainability’** The Ethereum liquid staking protocol Lido announced a 15% reduction in its workforce across Lido Labs, Lido Ecosystem, and Lido Alliance, aimed at cost reduction and ensuring "long-term sustainability." **Metaplanet buys $54 million worth of bitcoin to maintain 7th place globally** The Japanese-listed bitcoin treasury firm Metaplanet revealed it acquired an additional 463 BTC for $53.7 million, increasing its total holdings to 17,595 BTC, valued at nearly $2 billion. **Lugano authorities recover Satoshi Nakamoto statue that was thrown in lake** Swiss authorities in Lugano successfully retrieved a statue honoring the Bitcoin creator Satoshi Nakamoto after it was vandalized and thrown into a lake. **In the next 24 hours** Stay updated with The Block’s daily digest of the most significant events occurring in the digital asset ecosystem. *Disclaimer: This article was produced with the support of OpenAI’s ChatGPT 3.5/4 and reviewed by our editorial team. The Block operates independently and provides accurate, timely news and analysis about the crypto industry.*