News & Research

The Iranian state media outlet, Student News Network (SNN) reported that Iran launched its final missile toward Israel before the ceasefire took effect, according to Jin10.com.

Abraxas Capital, a London-based investment manager, saw an unrealized loss of $14.5 million on its Bitcoin (BTC) short position over the past 24 hours, according to Arkham on X. The firm still holds over $450 million in total crypto shorts, including more than $200 million in BTC.

The Israeli military has stated that Iran launched a fourth wave of missiles toward Israel, Jin10.com reported, citing Reuters. Earlier reports indicated that Iran and Israel had officially declared a ceasefire.

The founder of Celestia (TIA), a modular blockchain network, said the project holds over $100 million in reserves, which is sufficient to support more than six years of operations and is committed to long-term development. According to Wu Blockchain on X, founder Mustafa Al-Bassam reportedly sold more than $25 million worth of TIA tokens through over-the-counter (OTC) transactions and has relocated to Dubai.

Jack Forestell, Visa’s Chief Product and Strategy Officer, explained in an official post on Visa’s website that stablecoins must meet three key requirements to become a true part of the next-generation digital payments infrastructure: First, a strong and flexible technology layer is needed—one that can handle ultra-fast, large-scale transactions reliably and securely. Blockchain advancements are already showing promise in meeting this need. Second, a reserve layer must be in place to build trust in the stablecoin’s value and stability. This means the coin should be backed by regulated, transparent reserves. Third, there needs to be a widely accessible and trusted interface layer that encourages users to participate. This layer should offer easy, seamless ways for people to convert stablecoins into local currency and use them wherever they choose. Forestell emphasized that without solving this final user-facing layer, stablecoins won’t be able to gain traction as a mainstream method of payment.

Bitcoin Treasury Corporation has completed its previously announced amalgamation with 2680083 Alberta Ltd., with the merged entity continuing under the Bitcoin Treasury name and business, according to a press release on GlobeNewswire. The company has also submitted a listing application to the TSX Venture Exchange (TSXV) to list its common shares, pending final approval. In conjunction with the transaction, Bitcoin Treasury raised approximately $120 million through a combination of equity and convertible debenture offerings.

DeFi Development Corp. (DFDV) will become the first U.S.-listed crypto treasury firm with on-chain equity through Kraken’s upcoming xStocks platform, according to CoinDesk. Its shares will be tokenized on Solana under the ticker DFDVx, joining other major tokenized stocks like Apple and Tesla. The move aims to integrate real-world equities into DeFi, enabling 24/7 trading and broader use in decentralized applications.

U.S. spot Bitcoin (BTC) ETFs have surpassed $1 trillion in cumulative trading volume less than 18 months after their launch, Unfolded reported on X, citing Yahoo Finance data.

U.S. investment bank Benchmark has raised its Coinbase price target from $310 to $421 and maintained a buy rating, citing benefits from U.S. crypto legislation like the CLARITY and GENIUS Acts, according to CoinDesk. The firm also noted Coinbase's recent MiCA license approval in Europe as a key growth catalyst, especially for staking and institutional adoption.

Former Coral Capital executives Patrick Horsman, Joshua Kruger and Johnathan Pasch are close to raising $100 million to buy BNB tokens through a Nasdaq-listed company they control, according to Bloomberg. Inspired by Michael Saylor’s Bitcoin treasury model, the firm will be renamed Build & Build Corporation and begin accumulating BNB once fundraising is complete.