SharpLink Gaming has established a significant Ethereum reserve, acquiring more than 176,000 ETH at an average price of $2,626 per token, according to a statement released on June 13. The $463 million investment marks the company as the first Nasdaq-listed firm to implement an Ethereum-focused treasury strategy. In addition, the company is the largest public […]
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A growing number of public companies are committing significant funds to XRP treasuries, with total commitments approaching the $1 billion milestone. The move signals rising institutional interest in integrating blockchain-based assets into corporate financial strategies. Momentum builds around corporate XRP reserves On June 12, Singapore-based Web3 firm Trident Digital revealed plans to raise up to […]
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Shopify is rolling out support for USDC payments, allowing consumers to pay with stablecoins via Shopify Payments and Shop Pay. The feature, developed in partnership with Coinbase and launching on the exchange’s Base blockchain, is available in early access starting this week and will expand to more merchants over the coming months. New payment rails […]
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The Depository Trust & Clearing Corporation (DTCC), which handles the clearing and settlement of nearly all U.S. stock trades, is exploring the issuance of a U.S. dollar-backed stablecoin, The Information reported on June 12, citing sources familiar with the matter. According to the report, DTCC is in the early stages of evaluating whether to launch […]
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Tether has taken a new step in its long-term strategy of diversifying outside its primary stablecoin issuance business. On June 12, the USDT stablecoin issuer disclosed that it acquired an equity stake in Elemental Altus Royalties, a firm specializing in gold royalties. According to the firm, on June 10, it secured 78.4 million common shares […]
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Investor demand for Ethereum-backed spot exchange-traded funds (ETFs) is heating up amid the asset’s bullish price moves. According to data from SoSoValue, spot Ethereum ETFs recorded $240 million in net daily inflows on June 11, their second-highest total for 2025. BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $160 million inflows, followed by Fidelity’s […]
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A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals. According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, […]
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Ripple CEO Brad Garlinghouse believes XRP could soon take a meaningful slice of the global payments sector. In a recent video shared on X, Garlinghouse projected that XRP might capture as much as 14% of the volume currently processed through Society for Worldwide Interbank Financial Telecommunication (SWIFT) within the next five years. He argued that […]
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Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages. Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of […]
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Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank […]
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Interactive Strength (TRNR), a Nasdaq-listed fitness technology firm, is entering the digital asset space by launching what it describes as the first artificial intelligence-driven crypto treasury. The company plans to acquire $500 million worth of Fetch.ai’s FET tokens, according to a June 11 announcement. TRNR has started building its token position, backed by an initial […]
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Fortune 500 companies and global asset managers continued to expand blockchain activity and allocations during the first half of 2025, according to Coinbase’s latest State of Crypto report. Six in ten Fortune 500 executives say their firms run on-chain initiatives, and the average number of projects per company jumped to 9.7 from 5.8 year on […]
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Guggenheim Partners is bringing its Treasury-backed fixed-income product to the XRP Ledger (XRPL) through a new partnership with Ripple, Bloomberg News reported on June 10. Guggenheim Treasury Services, a subsidiary of the investment giant, will offer tokenized US commercial paper with customized maturity terms of up to 397 days on XRPL. The product is fully […]
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Societe Generale-FORGE (SG-FORGE), the crypto-asset arm of French banking giant Societe Generale, has announced the launch of a new U.S. dollar-pegged stablecoin, the USD CoinVertible (USDCV), set to operate natively on both the Ethereum and Solana public blockchains. The launch marks SG-FORGE’s second stablecoin initiative, following the EUR CoinVertible (EURCV) release in April 2023. Like […]
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Visa and Chainlink have completed a key milestone in the Hong Kong Monetary Authority’s (HKMA) e-HKD+ Pilot Programme, successfully testing a cross-border blockchain transaction using central bank digital currency (CBDC) and stablecoins. The trial, conducted in partnership with ANZ, ChinaAMC, and Fidelity International, is one of the first real-world simulations of programmable money being used […]
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Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly […]
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Digital asset investment products attracted $224 million in inflows last week, extending a seven-week streak that now totals $11 billion, according to CoinShares‘ latest weekly report. However, James Butterfill, CoinShares’ head of research, noted that the pace of inflows into these products continues to slow. Butterfill pointed to rising uncertainty over US monetary policy as […]
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The Blockchain Group (ALTBG) has inked a headline-grabbing deal with French asset manager TOBAM to raise up to €300 million (≈ $342M) in an “ATM-style” equity program aimed squarely at bolstering its Bitcoin reserves. The announcement, paired with a 624 BTC buy last week, marks Europe’s largest single corporate initiative to convert equity into Bitcoin […]
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Spot Ethereum (ETH) exchange-traded funds (ETFs) notched a 14-session streak of net inflows as of June 5, fueled by investment advisors and hedge fund managers. According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million. This movement resulted in total net inflows of over $3 […]
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Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement. The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their […]
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Institutional allocations to spot Bitcoin ETFs declined for the first time since their introduction, according to Q1 2025 13F filings. However, corporate Bitcoin ownership shows little sign of declining overall. The data marks a shift from the strong initial inflows that followed the funds’ January 2024 launch, as hedge funds reduced exposure and the futures-based […]
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Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF […]
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Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million […]
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Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy […]
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Hong Kong’s push to legalize crypto derivatives is gaining political momentum, with reports that senior officials see the next wave of virtual asset reforms unlocking Bitcoin futures and options trading for professional investors. The goal is to expand product diversity while preserving sound risk controls. Bitcoin and Ethereum ETFs “have broadened the product diversity of […]
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Bluebird Mining Ventures Ltd., a London-listed gold exploration company with operations across Asia, has unveiled plans to adopt Bitcoin as part of its treasury management strategy. The firm announced the move on June 5 in a post on X (formerly Twitter), signaling a significant departure from the traditional capital allocation models in the UK mining […]
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Venezuela’s government has arrested at least 20 moderators of the popular Instagram page “Monitor Dólar,” accusing them of terrorism, money laundering, and fraud for publishing the widely used parallel exchange rate, Interior Minister Diosdado Cabello has reported.. The sweep, which began in night‑time raids on May 29, revives tactics last seen during the country’s 2013‑18 hyper‑inflation […]
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Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to […]
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JPMorgan is set to begin accepting Bitcoin (BTC) exchange-traded funds as collateral for loans, Bloomberg News reported on June 4. The lender also plans to consider digital asset holdings when evaluating a client’s net worth and liquid assets, placing crypto alongside traditional categories such as equities, vehicles, and fine art when assessing lending eligibility. The […]
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The institutionalization of digital assets and its convergence with traditional financial systems is not a passing trend, but a structural realignment of markets, says Hunting Hill Global Capital’s Adam Guren.