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Public is a token launch platform where users can fund their favorite projects. If the project reaches the target, it will be listed. If it does not reach the target, users can get SOL back.
Redotpay plans to confidentially file for a US IPO by the end of the year, targeting a valuation of at least $5 billion
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.
Calpers cuts holdings in the Big Tech Seven by 26% in the first half of the year, shifting to private equity
According to CoinDesk citing the Financial Times (FT), CalPERS, the California Public Employees' Retirement System and the world's fifth-largest pension fund managing over $600 billion in assets, will cut its combined direct shareholdings of the "Magnificent Seven" tech stocks by 26% in the first half of 2026 (as calculated by FT from regulatory filings). CalPERS Deputy Chief Investment Officer Anton Orlich stated that public market valuations are high, tech giants may underperform compared to other investments, and the fund is increasing its private equity allocation to diversify investments and reduce reliance on a few market leaders.
Anthropic: Will allocate part of its equity to its public benefit fund, with an estimated 20% of equity to be used for public welfare causes
Odaily reports: Anthropic officially announced on X: "We are committing to allocate a portion of Anthropic's shares to the 'Anthropic Public Benefit Fund' — a newly established entity wholly owned by us and fully dedicated to the public interest. The fund will initially hold 5% of our shares. On top of the established baseline, for every 50% increase in the company's valuation, subject to Board review and approval, we may allocate up to an additional 2% of shares. This means that approximately 20% of Anthropic's total shares will be dedicated to public welfare causes. Our co-founders have committed to donating 80% of their personal equity; in addition, under the equity matching program we established since our founding, about half of our employees are also donating a portion of their respective equity."
orbio completes $1.2 million seed funding round, investors not yet disclosed
Odaily News: Robinhood ecosystem AI project orbio has announced the completion of a $1.2 million seed funding round, with investors not yet disclosed. The project's main business is building systems that allow agents to self-configure computing resources, hardware, and high-performance private infrastructure, as well as creating an AI model credit trading marketplace that offers discounted credit trading for over 400 AI models, including Claude Fable and GPT Astra. Public information shows that orbio was launched on the Pons platform, with Nvidia stock tokens as its base pool. As of press time, the ORBIO token has a market cap of $53.42 million, with a 24-hour gain of 26%. The relevant token has relatively low trading volume and significant price volatility, so investment requires caution.
First Digital to Go Public on Nasdaq via Reverse Merger at $250M Valuation, Expected to Close in H1 2027
Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.
Sequans exits Bitcoin market; crypto firms trade at valuation discount
Public trading data shows that several publicly listed companies holding Bitcoin are currently trading below their net asset value. A typical example is French company Sequans, which has announced the sale of its entire Bitcoin inventory.
Binance Suspected of Being Hacked for at Least $5.57 Billion Across Three Public Blockchains
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Polymarket has investigated dozens of cases involving trading related to the U.S. midterm elections, with at least two referred to the CFTC
Odaily report: Shana Bautista, Polymarket's Head of Global Intelligence and Investigations, stated that Polymarket has launched investigations into dozens of trades involving the U.S. midterm elections, focusing on identifying potential insider trading and market manipulation. A person familiar with the investigations, who was not authorized to speak publicly, said that at least two of the cases have been referred to the U.S. Commodity Futures Trading Commission (CFTC).Bautista said Polymarket has assembled a 16-person investigations team and deployed a new election trading monitoring system ahead of the U.S. midterm elections on November 3. The system integrates data from social media, the U.S. Federal Election Commission (FEC), crypto companies, banking partners, and other public information sources, generating hundreds of anomalous trading alerts each day. She noted that the investigations team can identify potential manipulation through behavioral patterns such as concentrated trading across multiple accounts within a short period and different wallets using the same device ID. (U.S. National Public Radio)
Calpers cuts holdings in the Big Tech Seven by 26% in the first half of the year, shifting to private equity
According to CoinDesk citing the Financial Times (FT), CalPERS, the California Public Employees' Retirement System and the world's fifth-largest pension fund managing over $600 billion in assets, will cut its combined direct shareholdings of the "Magnificent Seven" tech stocks by 26% in the first half of 2026 (as calculated by FT from regulatory filings). CalPERS Deputy Chief Investment Officer Anton Orlich stated that public market valuations are high, tech giants may underperform compared to other investments, and the fund is increasing its private equity allocation to diversify investments and reduce reliance on a few market leaders.
Musk's Public Remarks May Delay SpaceX and Tesla Merger, With Potential Deal Size Reaching $3.5 Trillion
According to Reuters, sources familiar with the matter said Musk revealed progress on evaluating a SpaceX-Tesla merger during an investor call this week and publicly expressed his support. The move has unsettled some negotiation participants, potentially delaying talks by several weeks and triggering more extensive legal scrutiny. During the call, Musk stated that both companies are exploring what could become the largest corporate transaction in history and have established special committees to evaluate the proposals. He also acknowledged a conflict of interest, stating he cannot participate in discussions involving either committee. The deal remains in its early stages. According to three sources familiar with the matter, both sides have engaged advisors, and discussed deal structures include SpaceX acquiring Tesla or combining the two companies through a newly established holding company, with consideration arrangements including an all-stock transaction. Musk owns nearly one-fifth of Tesla and just under half of SpaceX. Those involved in the negotiations worry that his public comments will lead investors to question the independence of the special committees and place greater emphasis on how conflicts of interest are addressed.
Three Companies Plan to Operate Tokenized Securities Trading Venues Under SEC Innovation Exemption
Odaily reports: A Fox Business crypto reporter posted on X platform that the U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSVs) under the new innovation exemption policy. TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation; the platform plans to operate on Canton Network. OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer. Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as head of FTX Europe; the platform plans to operate on Kronos X Public, a public, permissionless Layer 2 network that adopts permissioned trading pools. The SEC stated that inclusion on this list does not mean the relevant companies have met the conditions of the innovation exemption.
Google Cloud Launches Government-Exclusive Gemini Service to Accelerate Public Sector Workflow Automation
Google Cloud has announced the preview of "Government-Specific Gemini," a custom solution developed for the public sector. The offering is designed to meet the strict compliance, data sovereignty, and confidentiality requirements of government agencies, deeply adapting general-purpose large model capabilities to public administration scenarios.
Binance Suspected of Being Hacked for at Least $5.57 Billion Across Three Public Blockchains
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Shanghai Police Dismantle Underground Bank Facilitating Cryptocurrency Cross-Border Exchanges, Involving Nearly 20 Billion Yuan
According to the Shanghai Municipal Public Security Bureau, Shanghai police recently dismantled a major underground banking operation involving the use of virtual currencies for illegal cross-border foreign exchange, arresting 19 suspects in a case involving nearly 20 billion yuan. Authorities stated that since August 2024, the syndicate facilitated cross-border currency swaps through a "RMB–virtual currency–foreign currency" pathway: domestic funds were used to purchase virtual currencies, which were then sold via overseas channels to obtain foreign currency before being transferred to client-designated accounts, with service fees collected in the process. Five principal suspects have been formally arrested on suspicion of the crime of illegal business operations and the crime of assisting information network criminal activities, while the case remains under further investigation.
Texas Pauses Approvals for ERCOT-Related Data Centers; Bitcoin Miners with Approved Power Contracts Likely Unaffected
Odaily News – Texas Governor Greg Abbott on Monday directed the Texas Public Utility Commission and the Electric Reliability Council of Texas (ERCOT) to audit all data centers seeking to connect to the state's power grid, and paused approvals for ERCOT-related data center projects. The audit timeline has not been disclosed. Bernstein analysts stated that most Bitcoin mining firms operating in Texas have already signed approved power capacity contracts, and their operations are not expected to be affected by the approval pause. They believe the audit will curb speculative data center pipelines, making real sites with development history more valuable. The analysts noted that Cipher Digital, Core Scientific, and CleanSpark's Texas operations may become more vulnerable to public opposition to data center expansion during future ERCOT approval processes to convert pipeline assets into grid-connected power capacity. IREN and Riot Platforms' Texas mining operations have already received full approval from the ERCOT grid.
South African Treasury and Central Bank Release Draft Manual on Cross-Border Crypto Asset Regulation, Seeking Public Comments
According to an official media announcement, the South African National Treasury and the South African Reserve Bank (SARB) jointly released the "Draft Manual on Cross-Border Crypto Asset Activities" on August 3, 2026, which is now open for public consultation with a deadline of September 30, 2026. The manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen supervision over cross-border financial activities and prevent risks related to illicit financial flows associated with crypto assets. The manual clarifies the trigger points for cross-border crypto asset transactions—when crypto assets are transferred between a domestic authorized CASP and a foreign CASP, or from a domestic authorized CASP to a non-custodial wallet, it constitutes cross-border capital inflow or outflow and must be reported to the Financial Supervision Department (FinSurv). It is worth noting that at this stage, only individuals are allowed to conduct crypto asset outflow operations through authorized CASPs within the single discretionary allowance or foreign capital allowance; South African entities are temporarily not allowed to conduct related cross-border operations. In addition, the manual currently does not distinguish between different types of crypto assets, nor does it list crypto assets as official South African currency.
JPMorgan: Bitcoin's Biggest Risk Is Not MicroStrategy Selling Pressure, But Blockchain Adoption Bypassing Public Chains
According to The Block, JPMorgan analysts pointed out in their latest report that although Strategy's Bitcoin selling plan has triggered market attention, it is not the core risk facing Bitcoin. The real structural threat lies in the fact that blockchain applications such as tokenization, payments, and settlements are increasingly occurring on permissioned chains (Permissioned Blockchain), rather than on public chains such as Ethereum. If this trend continues, the public chain ecosystem will face issues such as declining liquidity and weakened capital inflows, ultimately dragging down Bitcoin valuations. The analysts also warned that the proliferation of bank-built blockchain infrastructure and tokenized deposits could undermine the position of stablecoins in institutional payments; regulated alternatives such as SWIFT's blockchain plan, the digital euro, and the digital yuan also constitute competitive pressure. However, the analysts also pointed out that if hybrid public-private chain models emerge, stablecoin regulation becomes clearer, or Bitcoin continues to be held as "digital gold", the aforementioned risks may be mitigated.
Eight Chinese government departments, including the China Securities Regulatory Commission (CSRC), have launched a comprehensive campaign to crack down on illegal cross-border securities, futures, and fund-related activities.
The China Securities Regulatory Commission (CSRC), the Ministry of Industry and Information Technology, the Ministry of Public Security, the People’s Bank of China, and five other departments jointly issued the “Implementation Plan for Comprehensive Rectification of Illegal Cross-Border Securities, Futures, and Fund Operations,” specifying a two-year concentrated campaign to tackle illegal cross-border securities, futures, and fund operations, with the goal of “resolutely banning illegal activities and steadily clearing existing cases.” The plan prohibits overseas institutions from conducting marketing, account opening, trade order processing, and fund transfers illegally within China; bans internet platforms, self-media outlets, and domestic entities from providing traffic-driving, technical, or customer service support; and mandates that, during the rectification period, existing accounts may only conduct one-way sell orders and fund withdrawals.
Binance Suspected of Being Hacked for at Least $5.57 Billion Across Three Public Blockchains
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Public exploit code weaponized as SlowMist releases DarkSword trojan analysis report
SlowMist has released an analysis report on the DarkSword trojan's backend and iOS attack chain. According to the report, after the relevant exploit code was publicly disclosed in March 2026, DarkSword-PROV2 appeared on GitHub in July, and its attack infrastructure was observed coming online in late September. SlowMist traced the related online infrastructure, linked its management panel to a public GitHub repository, and analyzed the exploit code, delivery chain, and post-compromise exploitation capabilities. The report shows that the attack framework integrates exploit, device and data collection, data exfiltration, and crypto wallet fund consolidation functions. It can target keychains, files, messages, and crypto wallet data, and has the ability to decrypt wallet data and consolidate funds. Although the toolkit claims support for iOS 13 and later, code analysis shows that its actually effective exploitation window is concentrated in iOS 18.6 to 18.7.2 and iOS 26.0 to 26.1. The public exploit components have been integrated into a deployable attack framework. SlowMist advises users to update their iOS systems promptly and avoid clicking untrusted links; opening malicious pages in the Safari browser may also trigger the exploit. If a device has visited a suspicious landing page, users should treat their mnemonic phrase and private key as compromised, use a clean device that has never visited the page to create a new wallet and transfer assets, and check for abnormal transactions and token approvals across chains, revoking unnecessary approvals.
Mark Karpeles Launches Public Database to Document Ledger Hardware Implant Cases
Bitcoin News posted on X that Mark Karpeles has launched a webpage to document reported cases of Ledger hardware implants, compiling cases he has reviewed and verified through public reports and images shared on X. The database also allows users to submit new cases to track the potential scope of the ongoing Ledger supply chain security incidents.
Shandong Cracks Cryptocurrency Theft Case, Recovers 1,300 USDC and NFTs
According to Ping An Bincheng, the Bincheng Public Security Bureau in Shandong, China, recently cracked the region's first virtual currency theft case, apprehending suspect Chen and placing him under criminal detention in accordance with the law. Case details reveal that a local resident named Xie reported that 1,300 USDC stablecoins and NFT digital collectibles valued at tens of thousands of yuan were stolen from his digital wallet without any transfer alerts or phishing links. Through on-chain fund tracing and police-enterprise cooperation for account analysis, investigators ultimately identified and arrested suspect Chen, who was hiding in Fengyang County, Anhui Province. Upon arrest, authorities leveraged blockchain data's tamper-proof nature and complete transaction trail to secure evidence. The suspect truthfully confessed to the crime, and his family has fully compensated the victim for all losses. The police noted that virtual assets are protected by law and that on-chain activities are not immune to legal jurisdiction; users must securely safeguard their private keys and seed phrases.
After the French data leak, scam calls impersonating crypto platform customer service are on the rise
Odaily reports: Owen Simonin, founder and CEO of French crypto platform Meria, stated that following several recent data breach incidents in France, there has been an increase in scam calls impersonating customer service representatives from legitimate platforms such as Binance and Meria.Scammers falsely claim that users' accounts or funds are at risk, inducing them to urgently transfer their crypto assets to designated addresses. Simonin emphasized that platforms will not ask users to initiate transactions or provide personal information when users have not proactively contacted them.In August, the French General Directorate of Public Finances (DGFiP) disclosed that a data breach incident allowed hackers to obtain the data of 678,000 taxpayers. (Bitcoin.com News)
Liquid Network Vulnerability Disclosure Handling Sparks Public Dispute Between Samson Mow and Bitcoin Red Team
Bitcoin News posted on X stating that Samson Mow and Bitcoin Red Team researcher Calle are engaged in a public dispute over whether security warnings related to a Liquid Network exploit were properly handled. Calle claims that Blockstream did not act on the Red Team's email, ultimately resulting in a loss of 600 BTC; Mow responded by saying "no email was ignored." Calle stated that once Blockstream restores normal Liquid operations and publishes a post-mortem report, the Red Team will release a full account of the disclosure process. Mow separately warned against blindly trusting AI-generated security reports, saying that unverified fixes could introduce new vulnerabilities, and criticized researchers who prioritize pursuing "clout" over protecting Bitcoin.
Ethereum EIP-8450 Proposal Updated, Aims to Introduce Quantum-Resistant Validator Public Key Registration Mechanism
Odaily Report: The EIP-8450 proposal has been updated, aiming to introduce a quantum-resistant public key registration mechanism for Ethereum validators, adopting hash-based cryptographic schemes, including leanXMSS keys and VRF tree roots. The update specifies that BLS signing keys authorize the registration and replacement of quantum-resistant keys, and sets a replacement delay of at least one Epoch along with an anti-replay mechanism; the proposal is currently still in the Draft stage and has not yet been deployed.
Polymarket has investigated dozens of cases involving trading related to the U.S. midterm elections, with at least two referred to the CFTC
Odaily report: Shana Bautista, Polymarket's Head of Global Intelligence and Investigations, stated that Polymarket has launched investigations into dozens of trades involving the U.S. midterm elections, focusing on identifying potential insider trading and market manipulation. A person familiar with the investigations, who was not authorized to speak publicly, said that at least two of the cases have been referred to the U.S. Commodity Futures Trading Commission (CFTC).Bautista said Polymarket has assembled a 16-person investigations team and deployed a new election trading monitoring system ahead of the U.S. midterm elections on November 3. The system integrates data from social media, the U.S. Federal Election Commission (FEC), crypto companies, banking partners, and other public information sources, generating hundreds of anomalous trading alerts each day. She noted that the investigations team can identify potential manipulation through behavioral patterns such as concentrated trading across multiple accounts within a short period and different wallets using the same device ID. (U.S. National Public Radio)
Redotpay plans to confidentially file for a US IPO by the end of the year, targeting a valuation of at least $5 billion
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.
Bitcoin Hashrate Returns to Uptrend, CryptoQuant Founder Says Public Mining Companies Backed by Traditional Finance Giants
CryptoQuant founder Ki Young Ju posted on X that Bitcoin's hashrate has returned to an uptrend, with miners operating at full capacity. Higher hashrate means enhanced network security and further strengthens Bitcoin's fundamentals as a store of value. Ki Young Ju stated that public mining companies have gained support from traditional finance giants, which he views as an indirect bullish signal from institutional investors.
Musk's Public Remarks May Delay SpaceX and Tesla Merger, With Potential Deal Size Reaching $3.5 Trillion
According to Reuters, sources familiar with the matter said Musk revealed progress on evaluating a SpaceX-Tesla merger during an investor call this week and publicly expressed his support. The move has unsettled some negotiation participants, potentially delaying talks by several weeks and triggering more extensive legal scrutiny. During the call, Musk stated that both companies are exploring what could become the largest corporate transaction in history and have established special committees to evaluate the proposals. He also acknowledged a conflict of interest, stating he cannot participate in discussions involving either committee. The deal remains in its early stages. According to three sources familiar with the matter, both sides have engaged advisors, and discussed deal structures include SpaceX acquiring Tesla or combining the two companies through a newly established holding company, with consideration arrangements including an all-stock transaction. Musk owns nearly one-fifth of Tesla and just under half of SpaceX. Those involved in the negotiations worry that his public comments will lead investors to question the independence of the special committees and place greater emphasis on how conflicts of interest are addressed.
9 Public Companies Oppose OKX and ICE Tokenizing Their Stocks
Odaily reports: 9 public companies have formally objected to the issuance of tokenized versions of their stocks on a proposed platform backed by OKX and Intercontinental Exchange (ICE). ICE is the parent company of the New York Stock Exchange (NYSE).The companies involved include Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon Communications, Applied Optoelectronics, Broadcom, and UnitedHealth Group. The announcement did not disclose the specific reasons for each company's objection.Under the innovation exemption arrangement published by the U.S. Securities and Exchange Commission (SEC) on September 17, tokenized trading platforms must issue written notice to issuers and provide an opportunity to object before listing third-party tokenized stocks. Over the past 30 days, more than $754 million in funds have moved on-chain, with the total scale of stablecoins and tokenized assets reaching $320 billion. (Cointelegraph)
Related news
Blackstone Expects Anthropic to Receive Junk-Rated Credit Rating After Going Public
According to the UK's Financial Times, Blackstone told investors that Anthropic may not be able to obtain an investment-grade credit rating following its IPO, and is expected to receive a higher-tier junk rating, marking a revision downward from previous guidance.
Anthropic Going Public Could Create 4,257 Millionaires, With 7 Co-Founders Potentially Worth $28 Billion
According to Cointelegraph, estimates from private market platform Hill suggest that if Anthropic proceeds with an IPO, it could make 4,257 people millionaires. Approximately 50 employees could see their wealth exceed $100 million, 1,200 individuals could reach between $10 million and $99 million, and roughly 3,000 people could see their wealth reach between $1 million and $9 million. Anthropic’s seven co-founders are already billionaires, with each potentially reaching an individual net worth of around $28 billion following the public listing.
Binance Suspected of Being Hacked for at Least $5.57 Billion Across Three Public Blockchains
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Ethereum EIP-8450 Proposal Updated, Aims to Introduce Quantum-Resistant Validator Public Key Registration Mechanism
Odaily Report: The EIP-8450 proposal has been updated, aiming to introduce a quantum-resistant public key registration mechanism for Ethereum validators, adopting hash-based cryptographic schemes, including leanXMSS keys and VRF tree roots. The update specifies that BLS signing keys authorize the registration and replacement of quantum-resistant keys, and sets a replacement delay of at least one Epoch along with an anti-replay mechanism; the proposal is currently still in the Draft stage and has not yet been deployed.
Polymarket has investigated dozens of cases involving trading related to the U.S. midterm elections, with at least two referred to the CFTC
Odaily report: Shana Bautista, Polymarket's Head of Global Intelligence and Investigations, stated that Polymarket has launched investigations into dozens of trades involving the U.S. midterm elections, focusing on identifying potential insider trading and market manipulation. A person familiar with the investigations, who was not authorized to speak publicly, said that at least two of the cases have been referred to the U.S. Commodity Futures Trading Commission (CFTC).Bautista said Polymarket has assembled a 16-person investigations team and deployed a new election trading monitoring system ahead of the U.S. midterm elections on November 3. The system integrates data from social media, the U.S. Federal Election Commission (FEC), crypto companies, banking partners, and other public information sources, generating hundreds of anomalous trading alerts each day. She noted that the investigations team can identify potential manipulation through behavioral patterns such as concentrated trading across multiple accounts within a short period and different wallets using the same device ID. (U.S. National Public Radio)
Redotpay plans to confidentially file for a US IPO by the end of the year, targeting a valuation of at least $5 billion
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.