Crypto stocks are on the rise following Federal Reserve Chair Jerome Powell’s dovish speech at the Jackson Hole Symposium, hinting at a possible rate cut in September. Crypto exchange Coinbase and Bitcoin hoarding behemoth Strategy saw gains, but Ethereum treasury companies like BitMine Immersion and SharpLink saw larger increases.

Bitcoin ETFs experienced a $1 billion loss as Ethereum funds turned a corner with $288 million in net deposits. M31 Capital notes Ethereum’s dominance in infrastructure, DeFi, and Web3 companies, outperforming Bitcoin. Despite this, Bitcoin’s record-setting run to $124,128 remains unmatched.

Figure Technologies, a blockchain lender, is preparing for an IPO. The company enables lending beyond traditional crypto services, focusing on real estate. Figure claims to be the largest non-bank provider of home equity lines of credit in the U.S. and has facilitated over $16 billion in home loans.

Bitdeer plans to manufacture mining rigs in the U.S. amid tariff concerns for competitors Iris Energy and CleanSpark. Windtree Therapeutics was delisted by Nasdaq after announcing a $700 million purchase of Binance’s BNB token. Co-founded by SoFi’s Mike Cagney, Figure Technologies aims to bring blockchain to capital markets with its IPO.

Read more at Yahoo Finance: Ethereum Treasuries Soar, Bitcoin ETFs’ $1 Billion Bleed, Crypto IPO Chatter