News & Research

U.S. stock markets opened higher today. S&P500: +0.39% NASDAQ: +0.35% Dow: +0.50%

Matador Technologies, listed on the TSX Venture Exchange, has secured a $100 million financing facility to expand its Bitcoin (BTC) holdings, according to @btcNLNico on X. The company aims to accumulate up to 6,000 BTC by 2027.

Nature's Miracle Holdings announced, in a press release on PR Newswire, that it will use proceeds from its equity financing with GHS Investments to fund an up to $20 million XRP treasury program. The initiative will build long‑term XRP reserves, deploy staking mechanisms for yield and deepen engagement in the Ripple ecosystem.

Global investment bank Goldman Sachs and Bank of New York (BNY) Mellon have built infrastructure to enable institutional investors to trade tokenized money market funds, CNBC reported. Under the plan, BNY Mellon clients will invest in funds whose ownership is recorded on Goldman’s blockchain platform.

U.S. crypto mining company MARA Holdings, formerly Marathon Digital, announced it will issue $850 million in 0% convertible notes to purchase more Bitcoin (BTC), repay $50 million in existing notes and for general corporate purposes, according to @btcNLNico on X.

Digital asset manager Hilbert Group reached a SEK 150 million (about $15.8 million) structured financing agreement with global investment firm LDA Capital to fund its Bitcoin (BTC) treasury strategy, according to @btcNLNico on X. The 36-month, ATM-style facility enables the firm to draw capital flexibly to purchase more BTC.

Tether has disclosed part of its investment portfolio, with over 120 companies receiving funding. CEO Paolo Ardoino stated via X that these investments, made from Tether's profits ($13.7 billion in 2024), exclude USDT and other stablecoin reserves. The company plans to significantly expand its investments in the coming months and years.

CoinShares, a digital asset investment firm, has received a Markets in Crypto Assets (MiCA) license from France’s Autorité des marchés financiers (AMF), becoming the first crypto asset manager based in continental Europe to qualify, according to CoinDesk. The license lets the firm offer regulated crypto portfolio services across the EU under a single framework, adding to its existing MiFID and AIFM credentials.

NFT project Pudgy Penguins (PENGU) has edged out Bonk (BONK) to become the largest memecoin in the Solana ecosystem by market capitalization, according to the latest data from CoinGecko. As of July 23, PENGU ranks 54th among all cryptocurrencies by market cap. The token is currently trading at $0.04388, up 21.3% over the past 24 hours, with a market cap of $2.77 billion.

In a recent post on X, crypto services provider Matrixport reported that the total crypto trading volume in South Korea has surged from $1 billion to $6 billion over the past two weeks, primarily propelled by strong engagement of retail investors. Simultaneously, Bitcoin open interest has also soared by around $6 billion, along with an increase in the annualized funding rate. This hints at the growth of aggressive leveraged long positions in the market, Matrixport highlighted. While it is likely to see some short-term volatility, Matrixport expects the overall uptrend to continue with a number of key catalysts on the horizon, including the U.S. FOMC meeting scheduled for next week.