Do Kwon Wants a Plea, Bullish Wants a Billion, Paxos Wants a Federal Charter, and Blue Origin Wants Crypto for Space Travel | August 12, 2025
Description
Do Kwon’s expected guilty plea in the high-profile TerraUSD and Luna collapse case could mark the end of a two-year legal saga (1:04 ). Bullish, backed by Peter Thiel, is raising its IPO target to $1 billion and boosting its valuation (2:10 ). Paxos is making another push for a U.S. national trust bank charter as the stablecoin market expands under new federal rules (3:17 ). And in a futuristic twist, Shift4 Payments and Blue Origin will now let you pay for spaceflights with cryptocurrency (4:52 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
“Blue Origin Spaceflights Aboard New Shepard Can Now Be Purchased with Crypto and Stablecoins Through Shift4.” Shift4 Payments, Inc., 11 August 2025, https://www.businesswire.com/news/home/20250811596411/en/Blue-Origin-Spaceflights-Aboard-New-Shepard-Can-Now-Be-Purchased-With-Crypto-and-Stablecoins-Through-Shift4.
Cohen, Luc. “Crypto Exec Do Kwon, Charged with Fraud, Expected to Plead Guilty.” Reuters, 11 August 2025, https://finance.yahoo.com/news/crypto-exec-kwon-charged-fraud-202214092.html.
Lang, Hannah. “Paxos Joins Spate of Crypto Companies Applying for US Trust Bank Licenses.” Reuters, 11 August 2025, https://finance.yahoo.com/news/exclusive-paxos-joins-spate-crypto-144209798.html.
Macheel, Tanaya. “Crypto Exchange Bullish Raises IPO Size, Seeks Nearly $5 Billion Valuation.” CNBC, 11 August 2025, https://www.cnbc.com/2025/08/11/crypto-exchange-bullish-raises-ipo-size-seeks-nearly-5-billion-valuation.html.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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