Crypto Market Heats Up: Bitcoin Soars Past $114,000, Altcoins Surge with AVAX and PUMP Leading Double-Digit Gains

Crypto markets explode into action as Bitcoin smashes through $114,000—altcoins aren't just keeping pace, they're stealing the show.

AVAX and PUMP lead the charge with jaw-dropping double-digit rallies, proving once again that when Bitcoin moves, the whole ecosystem wakes up.

Traders pile into risk assets while traditional finance scrambles to explain the 'irrational exuberance'—as if they ever understood decentralized momentum in the first place.

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Klarna’s Debut Becomes 2025’s Biggest IPO

Klarna priced its IPO at $40 per share, above its expected range of $35–37, and raised $1.37 billion in the deal. That gave the Swedish fintech a market value near, making it the largest IPO of 2025 to date.

Shares opened at $52, surged to $57.20 intraday, and finished the day at $45.82 — still up 15% from the IPO price. The strong first-day gains, paired with heavy demand for shares, put Klarna firmly in the “blockbuster IPO” category.

ARK Bets on Fintech Growth

Klarna, best known as a leader in the “buy now, pay later” (BNPL) space, has been expanding into digital banking and payments to diversify its growth. The company reported $823 million in revenue for the June quarter, up from $682 million a year earlier. However, it also posted a net loss of $52 million.

Klarna has been investing heavily to grow its customer base and expand into new markets, including the U.S., where it competes with Affirm (AFRM) and Block (SQ). The company said it has already signed up 700,000 debit card customers in the U.S. so far this year, with millions still waiting to seek access to its cards.

For ARK, Klarna’s blockbuster debut was an opportunity to secure early exposure to one of the year’s most important fintech listings. The $8 million buy underscores Wood’s long-term belief in Klarna’s role as a global payments player.

Upcoming IPOs 

TipRanks has a list of initial public offerings in its IPO calendar. Other upcoming stock issuance can be found in the chart below.