News & Research

Moca Foundation plans to launch Moca Chain, an EVM-compatible layer-1 blockchain focused on decentralized identity and data verification, according to Cointelegraph. The testnet is expected in the third quarter of 2025, followed by a mainnet launch in the fourth quarter.

ProCapBTC, the publicly traded firm founded by crypto investor Anthony Pompliano, has purchased 1,208 BTC at an average price of $105,977 per coin, bringing its total holdings to 4,932 BTC, according to GlobeNewswire press release. The firm plans to continue its Bitcoin acquisition strategy post-merger, aiming to hold $1 billion worth of BTC on its balance sheet.

Tether CEO Paolo Ardoino has stated during The Block's Big Brain podcast that the firm could become the largest Bitcoin (BTC) miner by the end of the year. Ardoino emphasized the strategic importance of Tether’s Bitcoin mining operations in securing its $10 billion Bitcoin investment. Since 2023, Tether has invested over $2 billion in energy production and mining infrastructure across 15 sites in Uruguay, Paraguay and El Salvador.

Grove, a new DeFi protocol focused on institutional credit, launched with a $1 billion investment from SKY (formerly MakerDAO) into Janus Henderson’s tokenized CLO fund JAAA, according to CoinDesk. Built to connect DeFi with traditional finance, Grove enables on-chain capital to access real-world assets, marking the latest expansion within SKY’s Endgame ecosystem, according to the post.

Baanx, a cryptocurrency payment card provider, has announced support for BNB, allowing users to top up their Crypto Life Card with the token, CoinDesk repoerted. The service will roll out in the UK, EU, and LATAM in June, with plans for a U.S. launch in the future.

Iran’s Foreign Ministry spokesperson said recent U.S. airstrikes caused significant damage to the nation’s nuclear facilities, according to @solidintel_x on X.

Investment platform Republic plans to sell tokens that give retail investors exposure to Elon Musk's SpaceX and other private companies. According to Wall Street Journal, the tokens will be priced based on secondary market evaluations and will entitle holders to any price increase if the company goes public or is sold. Republic aims to offer access to private equity investments typically limited to wealthy individuals, though the tokens’ legality and regulatory scrutiny remain concerns.

UK investment bank Barclays will no longer allow customers to use their bank cards for any cryptocurrency-related transactions beginning June 27, according to Cointelegraph on X.

Japanese-listed company Metaplanet raised $515 million by issuing 54 million new shares as part of its plan to acquire 1% of Bitcoin's total supply, according to The Block. The move is part of its broader goal to accumulate 30,000 BTC by the end of 2025 and eventually reach 100,000 BTC. The company currently holds 11,111 BTC.

K33 Research Analyst Vetle Lunde stated that despite the rise of bitcoin treasury companies, their market impact is weaker than that of Bitcoin ETFs, The Block reported. Lunde explained that treasury companies often use in-kind share swaps, which generate minimal demand for Bitcoin, unlike Bitcoin ETFs that show a strong correlation with price returns. While treasury initiatives continue to grow, their market influence has been diluted, leading to weaker correlations between treasury flows and Bitcoin prices.