News & Research

Bitcoin treasury firm Strategy is set to raise $2.5 billion through the sale of its Variable Rate Series A Perpetual Stretch Preferred Stock, also known as STRC Stock. According to Bitcoin News on X, which cited a notice from Fidelity, the offering, priced at $90 per share, has been upsized to 28,011,111 shares from the initial filing of 5 million shares.

JPMorgan said that $60 billion has flowed into the crypto market this year, up about 50% since May. According to The Block, analysts cited the arrival of cryptocurrency legislation in the U.S., crypto company IPOs and increased interest in altcoins as factors driving the inflows.

As ETH recovers to $3,600, there’s potential for further upside, Cointelegraph reported, citing analysts. The outlet suggested that based on the ETH/BTC exchange inflows ratio, Ethereum selling pressure is lower than Bitcoin with ETH/BTC likely to continue to rise. The increase in the ETH/BTC ETF Holding Ratio from 0.02 in May to the current level at 0.12 also supports the possibility of Ether’s continued rise. The first major resistance level sits at $4,500.

Sei Network announced on X that native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) V2 are now live, enabling support for on-chain transfers of USDC on the layer-1 blockchain.

Nasdaq-listed Bitcoin mining company BitMine Immersion Technologies (BMNR), which is strategically buying Ethereum (ETH), announced it will increase its capital raise through an at-the-market (ATM) offering from $2 billion to $4.5 billion. The funds will be used to acquire additional ETH, according to a filing by BitMine with the U.S. Securities and Exchange Commission (SEC) dated July 24.

The Bank of America (BofA) said stablecoin supply could rise $25 billion to $75 billion in the near term on regulatory clarity from the GENIUS Act and many banks are planning consortium‑led launches that could boost demand for short‑term U.S. Treasuries, according to CoinDesk.

On July 24, TRON founder Justin Sun attended the Nasdaq opening bell ceremony as a strategic advisor to celebrate SRM Entertainment’s rebranding to TRON Inc (NASDAQ: TRON), according to Odaily. In June, the company announced a $210 million TRX treasury strategy alongside the name change, which became official on July 16.

Nasdaq‑listed GameSquare announced that it bought CryptoPunk #5577 from Compound founder Robert Leshner in exchange for $5.15 million of convertible preferred stock, convertible into about 3.4 million common shares at $1.50 a share, according to Chainwire.

Global asset management firm Franklin Templeton has integrated its BENJI platform with a layer-1 blockchain VeChain (VET), adding support for enterprise payments using its $780 million tokenized government money fund, FOBXX, according to Cointelegraph. BENJI is now live on at least eight blockchains, including Stellar (XLM), Ethereum (ETH) and Polygon (POL). BitGo and Keyrock will support custody and trading.

Digital asset manager Spirit Blockchain Capital has launched "Spirit Blockchain 2.0," shifting from passive crypto holding to an active, yield-generating platform, according to GlobeNewswire press release. The company will invest in BTC, ETH, SOL, DOGE and XRP through staking, lending and structured products.