News & Research

Whale Alert reported on X that 599 BTC, valued at about $70.8 million, was transferred from an unknown wallet to Coinbase Institutional.

Crypto custody firm BitGo has submitted confidential IPO filing documents to the U.S. Securities and Exchange Commission (SEC), according to @cryptounfolded on X.

Andre Cronje, co-founder of Sonic Labs (formerly Fantom), said on X that the company burned its entire airdrop allocation of 1,866,256.59 S tokens, valued at approximately $754,903.

Indian cryptocurrency exchange CoinDCX announced a recovery effort following a $44 million exploit, offering up to 25% of recovered funds to white hat hackers who assist in retrieving the stolen assets. The hack, which targeted CoinDCX’s internal accounts, did not affect user funds, Cointelegraph reported.

Bit Origin Ltd. (Nasdaq: BTOG) announced the initial purchase of approximately 40.5 million DOGE, marking the first acquisition under its digital asset treasury initiative, according to Globe Newswire press release. The purchase was supported by up to $500 million in capital facilities previously announced by the company.

Web3 investment firm Hashed Emergent and policy advisory group Black Dot unveiled the COINS Act, a model law aimed at clarifying India’s crypto regulations, according to Cointelegraph. The proposal outlines rights like self-custody, protocol access and financial privacy, while addressing issues such as high taxes, unclear rules and lack of oversight. It recommends creating a dedicated regulator and a national Bitcoin reserve seeded from seized assets. Though non-binding, the framework seeks to make India a more attractive hub for crypto builders and users.

Whale Alert reported on X that a wallet linked to crypto market maker Cumberland transferred 31,000 ETH, valued at about $118 million, to Coinbase Institutional.

Trump Media and Technology Group Corp. (Nasdaq: DJT) announced it has accumulated $2 billion in Bitcoin and Bitcoin-related securities as part of its Bitcoin treasury strategy, according to Globe Newswire press release. This represents two-thirds of its $3 billion in liquid assets. Additionally, the company has allocated $300 million for options acquisition in Bitcoin-related securities, with plans to convert these options into spot Bitcoin based on market conditions.

Nasdaq-listed digital healthcare company Profusa (NASDAQ: PFSA) announced a plan to invest up to $100 million in Bitcoin through a stock purchase agreement with Ascent Partners Fund, according to GlobeNewswire press release. The company will use all net proceeds above a $5 million cash reserve to buy Bitcoin as its primary treasury asset. Profusa expects its first Bitcoin purchases to begin this week and will report holdings quarterly.

Mercurity Fintech Holding Inc. (Nasdaq: MFH) has entered a $200 million Equity Line of Credit Agreement with Solana Ventures Ltd. According to Business Insider, the funds will be used to build a Solana-based digital asset treasury strategy, including SOL accumulation, staking, validator nodes and DeFi protocol investment, marking MFH’s active involvement in the Solana ecosystem.