News & Research

Russia’s largest state-owned bank, Sberbank, announced it will offer custody services for Russian crypto assets, saying they will be regulated like bank deposits and securely managed, according to Unfolded on X.

Hyperliquid trader James Wynn closed his 40x BTC and 10x HYPE short positions. He deposited $467,999 two days ago and now has a balance of $787,534, according to Onchain Lens on X.

According to a K33 report, public companies added nearly 245,000 BTC to their treasuries by mid-2025, with the number of firms holding Bitcoin rising from 70 to 134 across 27 countries, led by the US. Stablecoin supply also grew by $38 billion, while only nine of the top 50 altcoins posted gains, showing Bitcoin and stablecoins dominate the market. K33 notes that H2 is typically stronger for Bitcoin, with potential ETF approvals and regulatory developments ahead.

BSTR Holdings has finalized a merger agreement with Cantor Equity Partners I (CEPO) and will launch with 30,021 Bitcoin (BTC), making it the fourth-largest public Bitcoin treasury. According to Business Wire, the company will also raise up to $1.5 billion in PIPE financing to acquire more BTC and build BTC-native capital-market products. The combined company is set to trade under the ticker "BSTR."

Binance Alpha, a platform within Binance Wallet that showcases early-stage crypto projects, added Caldera (ERA), according to New Listings Feed on Telegram. The platform selects tokens based on community engagement and emerging market trends. Alpha facilitates on-chain trading by integrating it directly into the Binance Wallet and Exchange.

Bit Origin (NASDAQ: BTOG) said it plans to raise $500 million — $400 million in stock and $100 million in convertible debt — to accumulate Dogecoin as a core asset, according to the GlobeNewswire press release. The company has already secured $15 million and aims to become one of the largest public Dogecoin holders, citing its utility, low fees, and strong community as reasons for the strategy.

BTC Digital (NASDAQ: BTCT) announced it will shift from Bitcoin (BTC) to Ethereum (ETH), converting all BTC into ETH and growing its ETH reserves to tens of millions by year-end, according to Stock Titan. Backed by $6 million in funding, the company will focus on staking, DeFi and real-world asset initiatives, transitioning from mining to an ETH-driven operation.

Volcon (NASDAQ: VLCN), an electric off-road power sports company, has announced a $500 million private placement, with 95% of the funds to be used for acquiring Bitcoin (BTC) as part of its new Bitcoin Treasury Strategy. According to Business Insider, the company plans to adopt BTC as its primary reserve asset.

Nasdaq-listed media firm GameSquare Holdings (GAME) has announced a public offering of 46,666,667 shares at $1.50 each, aiming to raise $70 million, according to PR Newswire press release. The proceeds will be used to expand its Ethereum holdings as part of its strategic alliance with Dialectic, a crypto capital management firm.

Ondo Finance (ONDO) is launching its yield-bearing, Treasury-backed USDY token on Sei, marking the first tokenized US Treasuries on the chain, according to DL News. The move positions Sei in the growing real-world asset (RWA) market, which has surged to nearly $13 billion. USDY pays a 4.25% annual yield and aims to make institutional-grade products accessible on-chain.