BitGo has officially filed an S-1 registration with the SEC, planning to list on the New York Stock Exchange under the ticker “BTGO.” The company will offer roughly 11.8 million Class A shares, with an expected price range of $15 to $17, aiming to raise up to $201 million and achieve a valuation near $1.96 billion. This follows BitGo's initial confidential filing in September 2025 and marks another step in the institutional maturation of crypto markets.
DeepSnitch AI Presale Climbs 125% as AuditSnitch Goes Live
While traditional investors line up for BitGo shares, crypto-native whales are focusing on early-stage projects. DeepSnitch AI has raised over $1.2 million, with its presale price reaching $0.03401 — a nearly 125% gain for early participants. More than 28 million DSNT tokens have already been staked. The protocol launched AuditSnitch, a live feature that lets users instantly audit smart contracts and flag scams or honeypots before committing capital. Some traders describe it as a “Bloomberg Terminal for everyday traders,” targeting over 100 million users. The presale is currently in Stage 4, offering exposure before public listing.
Ethereum Net Taker Volume Turns Positive; Whales Add 360K ETH
Ethereum traded near $3,120 on January 12, lacking clear direction. However, derivatives data showed a bullish shift: Binance net taker volume flipped positive for the first time since July, signaling returning buyers and short covering. Large wallets accumulated approximately 360,000 ETH last week, a move often seen near price stabilization. On the flip side, retail and mid-sized holders sold over 800,000 ETH into strength, while U.S. investors pulled back — the Coinbase Premium turned negative and Ethereum funds saw $116 million in weekly outflows. These sales capped upside and offset whale demand.
Monero Hits New All-Time High, Futures Open Interest Records
Monero (XMR) surged to an all-time high of $630 on January 12, jumping 15% in a day and nearly 39% over the month, pushing its market cap past $10 billion. Futures open interest reached a record $177 million, reflecting strong appetite for upside bets. Retail demand has been climbing since October amid tighter regulations on privacy. Technically, XMR trades well above its 50-, 100-, and 200-day EMAs. The RSI sits deep in overbought territory but signals strength rather than exhaustion. Holding above $560 keeps a move toward $600 in play; a dip to $525 would likely mark profit-taking, not trend failure.
The broader market remains fragmented: institutional capital flows toward BitGo's IPO, while risk-on money chases projects like DeepSnitch AI. Ethereum balances whale accumulation against retail selling, while Monero rallies on privacy demand. As DeepSnitch AI approaches its full platform launch, the presale phase represents what many consider the final quiet entry before major momentum.