News & Research

Indian IT firm Jetking Infotrain has approved a preferential equity issue of 115 million rupees ($1.33 million) to support its Bitcoin (BTC) strategy, according to Siddarth Bharwani, the company’s CFO, on X. The company adopted a BTC-focused financial approach in December 2024 to diversify its holdings and hedge against inflation.

Swedish health tech company H100 has raised 14.1 million Swedish kronor ($1.5 million) to acquire additional Bitcoin (BTC), according to NLNico on X. The company currently holds 370 BTC.

French blockchain firm The Blockchain Group (ALTBG) announced on X that it purchased 22 Bitcoin (BTC) for around €2.2 million (around $2.56M), increasing its total holdings to 1,955 BTC. The company also reported a year-to-date (YTD) BTC yield of 1,373.2%.

KONA I, a South Korean fintech firm, will conduct the country's first stablecoin issuance demonstration on July 31 using its in-house blockchain platform, according to Newsis. The company has already filed a related trademark and plans to begin full-scale commercialization in the fourth quarter after verifying the system through the demo.

U.S. spot Ethereum ETFs saw more than $2.18 billion in net inflows last week, marking their largest weekly inflow since inception, according to Cointelegraph on X, citing SosoValue data. During the same period, spot Bitcoin ETFs recorded a $2.39 billion net inflow.

Linea, a zkEVM-based Ethereum layer-2 network, Consensys, an Ethereum infrastructure firm, and Nile, a decentralized exchange (DEX) built on Linea, will officially launch a new DEX called Etherex on July 28, according to Etherex on X. Etherex’s native token REX will be distributed as liquid rewards to liquidity providers. These tokens can be converted into xREX, allowing users to vote on emission allocations for their preferred liquidity pools.

Here is the breakdown of crypto perpetual futures liquidation over the last 24 hours. - BTC: $41.50 million, Long 58.09% - ETH: $150.27 million, Short 65.73% - DOGE: $19.94 million, Long 50.44%

Aspecta, a decentralized identity (ID) solution project powered by artificial intelligence (AI), will launch its native token ASP through a token generation event (TGE) on July 24 at 10:00 UTC, according to Jack He, a core contributor at Aspecta, on X. On July 10, YZi Labs, formerly known as Binance Labs, announced a strategic investment in the project.

Bullish, the cryptocurrency exchange backed by PayPal co-founder Peter Thiel, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on July 18, according to a filing cited by CNBC. The company plans to list under the ticker symbol “BLSH.” Last month, reports indicated that Bullish had submitted a confidential filing in preparation for the move.

Block, a payments company led by Twitter co-founder Jack Dorsey, is set to join the S&P 500, taking Hess Corp.'s place before trading opens on July 23, according to Bitcoin Magazine on X.