News & Research

Metaplanet CEO Simon Gerovich said on X that National Financial Services (NFS), a subsidiary of Fidelity Investments, has become the company’s largest shareholder with a 12.9% stake valued at $820 million. NFS acts as the custodian for retail and institutional investors purchasing shares through Fidelity’s platform.

BTCS Inc. (Nasdaq: BTCS) announced via X it borrowed $2.34 million USDT via AAVE to acquire 2,731 ETH for $8.23 million, bringing its total holdings to 31,855 ETH. The company's total crypto and cash market value is now approximately $100.6 million.

Bitcoin mining firm Marathon Holdings (MARA) has acquired a partial stake in digital asset fund Two Prime for $20 million, Cointelegraph reported. The company also plans to increase its entrusted Bitcoin (BTC) holdings with Two Prime from 500 BTC to 2,000 BTC.

Arcadia Finance, a DeFi protocol on the Base network, has suffered a hack, with losses reaching approximately $3.5 million, according to blockchain security firm Certik. Initially flagged on July 15, the exploit involved the theft of around $1.6 million through a vulnerability in its rebalancer contract. According to The Block, the company has advised users to revoke permissions and disconnect rebalancers from their accounts.

The criminal trial of Tornado Cash co-founder Roman Storm began July 14 in Manhattan federal court, The Block reported. The four-week trial will determine whether Storm knowingly aided in laundering more than $1 billion in cryptocurrency for cybercriminals, including North Korea’s Lazarus Group.

Telegram has launched the Tac mainnet, a project aimed at bridging Ethereum Virtual Machine (EVM) decentralized apps (DApps) to The Open Network (TON) and the Telegram ecosystem. According to Cointelegraph, Tac enables Telegram users to interact with EVM DApps directly within the messenger, providing access to various DeFi protocols. Developers can now deploy EVM apps on TON without rewriting code, unlocking exposure to Telegram's user base.

Deutsche Bank, Germany’s largest commercial bank, reported that Bitcoin's volatility is expected to continue falling as mainstream adoption grows. According to CoinDesk, the bank noted that despite Bitcoin’s record rally, its volatility has dropped significantly, a sign of a maturing market. Increased regulation and broader adoption by institutions are stabilizing Bitcoin’s price, making it more appealing to long-term investors like pension funds and sovereign wealth funds.

Crypto infrastructure firm Function has raised $10 million in a seed round led by Galaxy Digital, with participation from Antalpha and Mantle, CoinDesk reported. The funding will support the expansion of FBTC, Function’s fully reserved Bitcoin (BTC) product with $1.5 billion in total value locked.

Aqua1 Foundation, a Web3 investment fund which invested $100 million into Trump-linked World Liberty Financial (WLFI), addressed via X recent speculation regarding its team and operations, clarifying that it operates independently with no ties to any unrelated entities. The foundation denied associations with Web3Port, a Chinese market maker linked to misconduct rumors, emphasizing its commitment to transparency and legal action if necessary.

Hilbert Group, a Nasdaq-listed digital asset investment firm, has acquired 233 Bitcoin (BTC) from Deus X Capital, a crypto and fintech operator, bringing its total BTC holdings to 430, according to @btcNLNico on X.