News & Research

Bitcoin ASIC maker Canaan has begun pilot production in the U.S. and exited its AI chip business to focus on core crypto operations, according to Cointelegraph. The move aims to improve supply resilience, reduce tariff exposure and align with long-term growth in the Bitcoin mining sector. The company views U.S. expansion as a strategic investment despite higher production costs.

Bitcoin’s 60-day volatility has dropped to 27–28%, lower than the S&P 500 and Nasdaq, even amid rising geopolitical tensions, according to Cointelegraph citing Bitwise data. Unlike past crises, BTC has shown fewer price swings, signaling growing market maturity. Long-term holders now control a record 14.53 million BTC, supporting price stability. Analysts expect Bitcoin to stay above $100,000, with some forecasting it could surpass $150,000 by 2025.

Cryptocurrency investment firm Paradigm has invested $15 million in GTE decentralized exchange (DEX), according to Unfolded on X.

Israel launched its most intense strike on Tehran, targeting the symbolic Evin prison, following the U.S. entry into the war, according to Reuters. Despite threats, Iran has not yet responded significantly after U.S. bombers hit its underground nuclear sites and President Trump hinted at regime change.

Crypto startup Blueprint Finance, based in New York, has raised $9.5 million in a funding round led by Polychain Capital, with participation from YZi Labs and VanEck, Fortune Crypto reported. The funds will be used to enhance its DeFi products.

Xavier Meegan, former CIO of Chorus One, has launched a $20 million crypto-native pre-seed fund called Frachtis, focusing on consumer apps built on existing blockchain infrastructure, according to Blockworks. He believes the future of crypto lies in leveraging this infrastructure rather than launching more Layer-1s and Layer-2s.

Israel Salmen, CEO of Brazil-based public company Méliuz SA, announced on X that the company has purchased 275.43 Bitcoin for about $28.61 million at an average price of $103,864 per BTC, following its recent share offering. This brings Méliuz’s total Bitcoin holdings to 595.67 BTC, with an average acquisition cost of $102,703 per coin.

Fiserv, a Fortune 500 payments company, plans to launch a fiat-backed stablecoin, FIUSD, on Solana by year-end using Paxos and Circle infrastructure, according to The Block. Designed as “programmable money,” FIUSD will integrate into Fiserv’s banking systems to boost efficiency for its financial clients and merchants. The move comes as the U.S. nears federal stablecoin legislation.

DeFi infrastructure firm Veda has raised $18 million in a round led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, GSR, Mantle EcoFund, BitGo and Draper Dragon, according to CoinDesk. Veda's vault powers over $3.7 billion in assets, supporting applications like yield-generating stablecoins and on-chain savings accounts.

ProCap Financial, founded by Anthony Pompliano, has raised over $750 million and announced its merger with Columbus Circle Capital Corp. I to go public. According to CNBC, the firm aims to hold up to $1 billion in Bitcoin on its balance sheet and create a full-stack, Bitcoin-denominated financial services platform.