Antalpha raised $56.7 million via its IPO just last month, with Tether acquiring an 8.1% stake in the company.
If stablecoins are the future of payments, Tron Inc., not Circle, might be how investors get exposure to these new financial rails, especially in emerging markets.
The company also announced the issuance of zero-interest bonds worth $210 million to fund its Bitcoin purchases.
PLUS: Institutional Ethereum staking might drive ETH’s next rally.
The Bitcoin network will eventually do a software upgrade that will nullify the quantum threat to BTC, Strategy's Michael Saylor recently said on CNBC.
PLUS: $TRUMP token slumps on Trump-Musk drama and wallet fallout
The crypto exchange said the Singapore High Court declined its proposed restructuring plan following a $230 million exploit last year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hong Kong-listed OSL Group has agreed to purchase a 90% stake in Evergreen Crest, which runs an Indonesian crypto exchange.
Metaplanet steps closer to its previously announced year-end target of holding 10,000 BTC in its corporate treasury.
Bitcoin still looks bullish, but some metrics are pointing to an overheated market, says CryptoQuant
PLUS: U.S. lawmakers introduce crypto market structure bill.
Metaplanet plans to expand its bitcoin strategy with $50 million in newly issued zero-interest bonds, after it increased its BTC stash to 7,800 bitcoins.
PLUS: SCB10X's new CEO, Kaweewut Temphuwapat, predicts clearer regulations and fintech innovation in Thailand will drive stronger crypto deal flow across Southeast Asia.
The Indonesian fintech firm plans to raise up to $100 million in capital to buy Bitcoin as part of its treasury reserve strategy.
The Tokyo-listed investment firm purchased another 1,004 BTC for roughly $104.3 million, bringing its total holdings to 7,800 BTC.
Earlier this year the prime minister's father said Thailand should consider "issuing stablecoins backed by government bonds."
The Tokyo-listed investment firm now holds about 6,796 BTC, worth roughly $706.7 million based on current market prices.
T-Rex aims to reward individuals consuming content online, such as on X, TikTok, or YouTube, with cryptocurrency rewards.
The Tokyo-listed investment firm said it purchased 555 BTC for $53.4 million, boosting its total holdings to 5,555 BTC.
Yesterday, the firm announced that it plans to establish a U.S. subsidiary in Florida this month to further support its bitcoin strategy.
Major bitcoin buyer Strategy also added 4,855 BTC to its reserve earlier this month despite ongoing market uncertainty.
Ripple is again breaking into the Asia market with a new XRP product, which would help drive institutional adoption. This move has been made in partnership with HashKey Capital, which launched this fund in order to expand institutional access to the altcoin. Ripple Invests In HashKey’s XRP Product In an X post, Hashkey Capital announced that it is launching Asia’s first XRP Tracker Fund with Ripple as an early investor. The asset manager noted that this move represents a significant step in expanding institutional access to XRP. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery The firm further stated that it chose XRP because the altcoin is at the forefront of cross-border payments, thanks to Ripple’s payment services, and enables faster, cheaper, and more efficient transactions than traditional systems, such as SWIFT. XRP is also enabling the tokenization of Real World Assets (RWAs) on its native blockchain, the XRP Ledger (XRPL). HashKey added that financial institutions and enterprises worldwide are already using XRP. The asset manager also noted that the XRP Tracker Fund is its third tracker fund, following its Bitcoin and Ethereum exchange-traded funds (ETFs). The firm also raised the possibility of converting the fund into an ETF within the next one to two years, subject to regulatory approval. This move will further broaden institutional access. Beyond the XRP Tracker Fund, HashKey Capital and Ripple are also partnering to explore new investment products, cross-border DeFi solutions, and tokenization. This includes the potential launch of a money market fund (MMF) on the XRPL. Meanwhile, for the tracker fund, Ripple will seed the initial investment. Hashkey stated that with Ripple as an anchor investor, this fund marks a “deepening collaboration” between two leaders in the blockchain space. The asset manager reaffirmed that the goal is to bring more institutional capital into regulated XRP products and the broader digital asset ecosystem. Ripple continues to make moves to boost XRP’s adoption. The crypto firm recently agreed to acquire prime broker Hidden Road for $1.25 billion, one of the largest deals in crypto history. Through this acquisition, the crypto firm aims to boost XRP and the RLUSD’s utility as it looks to make its mark in both the traditional finance (TradFi) and decentralized finance (DeFi) space. XRP Could Allegedly Play A Major Role in The Federal Reserve’s Plans In an X post, crypto commentator CryptoGeek alleged that the Federal Reserve has officially hinted that they may use XRP to power the blockchain component of their FedNow payment system. CryptoGeek added that this has come following multiple rumored meetings with Ripple. However, the Fed has yet to make any official statement on this development. Related Reading: Bitcoin Enters Oversold Levels, Analyst Warns This Is Bearish, Not Bullish Ripple will undoubtedly continue to make progress with getting financial institutions, especially US banks, to adopt its payment service, which XRP facilitates. The crypto firm is nearly in the clear with its lawsuit against the US SEC, as the court recently granted a joint motion to pause the appeal case while they finalize their settlement. As such, with the long-running legal battle almost out of the way, these institutions will be more inclined to partner with Ripple. Featured image from Dall.E, chart from TradingView.com
Treehouse Finance has raised fresh funding at a $400 million token valuation to expand its DeFi fixed-income platform.
The Tokyo-listed investment firm said it bought an additional 319 BTC, bringing its total holdings to 4,525 BTC.
Banking executives gathered with lawmakers to request more flexibility in regulations over their collaboration with crypto firms.
Techteryx is suing First Digital for allegedly redirecting nearly half a billion dollars worth of TUSD reserves into illiquid investments.
The bank plans to start conducting experiments in the second half of this year for a potential stablecoin launch in 2026.
The Japanese firm purchased another 160 BTC for $13.3 million on Wednesday — just a day after snapping up 696 BTC.
Metaplanet issued $13.3 million in new debt to buy more bitcoin, though its stock and Japan's Nikkei dipped ahead of Trump's liberation day tariffs.