According to @business, Dhoot Transmission has appointed four banks to arrange its initial public offering in Mumbai, citing people familiar with the matter. Source: Bloomberg (@business), Sep 24, 2025. Bloomberg also reports the offering is around $250 million and notes the company is Bain-backed. Source: Bloomberg (@business), Sep 24, 2025. In India’s IPO process, appointing book-running lead managers typically precedes filing a draft red herring prospectus with SEBI, signaling a move toward launch. Source: SEBI ICDR Regulations. The report does not cite any direct cryptocurrency implications, while India ranks as the top crypto adoption market by activity, a context crypto traders monitor for sentiment spillovers. Source: Bloomberg (@business), Sep 24, 2025; Chainalysis, 2023 Geography of Cryptocurrency Report.

According to @BTC_Archive, Bitwise became the first spot Bitcoin ETF to complete an in-kind exchange, enabling institutions to swap BTC directly for ETF shares; source: Bitcoin Archive on X. The post specifies that the exchange was in-kind and applies to institutional participants executing BTC-for-shares swaps; source: Bitcoin Archive on X. No additional details on timing, volume, or participating counterparties were provided in the post; source: Bitcoin Archive on X.

According to @bobbyong, Legion has completed a successful fundraise and aims to bring back ICOs, with offerings expected to happen via Legion soon, based on his X post dated Aug 20, 2025. According to @bobbyong, he congratulated @mattyTokenomics and @D0itdifferent for the raise, indicating their involvement with Legion, per the same post. According to @bobbyong's post, no raise amount, valuation, token ticker, or launch timeline were disclosed, so traders focused on primary issuance should monitor official Legion updates for allocation mechanics, whitelists, and listing venues before positioning.