Strategy, the world’s largest corporate holder of Bitcoin, has expanded its treasury with the purchase of 155 BTC for $18 million. The acquisition, announced on Aug. 11, came at an average price of $116,401 per coin, marking a 25% year-to-date yield on the company’s Bitcoin position in 2025. Notably, this is Strategy’s second-smallest purchase of…
The U.S. Securities and Exchange Commission’s approval of in-kind creations and redemptions for spot Bitcoin and Ethereum exchange-traded funds on July 29 has altered how authorized participants interact with these products, permitting direct transfers of digital assets rather than cash. This structural change is expected to reduce tracking error and bid-ask spreads, bringing the operational…
S&P Global Ratings has issued a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, in the first-ever rating by a major credit agency for a decentralized finance (DeFi) platform. Key Takeaways: S&P Global gave Sky Protocol a first-ever B- credit rating for a DeFi platform. The agency flagged risks including high…
Aave, one of the largest decentralized lending protocols, could see its net deposits soar to $100 billion before the end of this year, according to the platform’s founder, Stani Kulechov. In an Aug. 10 post on X, Kulechov explained that the DeFi protocol’s current growth rate could push it to that figure sooner than expected….
Bitcoin advocate Samson Mow has suggested that Ethereum’s latest rally could be setting up a reversal, with capital eventually flowing back into Bitcoin. Key Takeaways: Samson Mow claims ETH’s rally is driven by BTC holders rotating into Ethereum, with plans to shift profits back to Bitcoin. He warns ETH faces strong selling pressure near its…
BNB Network Company (BNC) has purchased 200,000 BNB tokens for $160 million, establishing itself as the world’s largest corporate holder of Binance Coin following a landmark $500 million private placement led by 10X Capital and YZi Labs. The acquisition transforms the Nasdaq-listed company into a crypto-first treasury operation focused exclusively on BNB as its primary…
Ethereum’s Vitalik Buterin has returned to the billionaire ranks after Ether’s surge past $4,000, a milestone last seen in December 2024. Key Takeaways: Vitalik Buterin’s onchain portfolio has surpassed $1B as ETH rallies past $4,000. Traders eye a potential retest of ETH’s $4,878 all-time high. Ether ETFs are seeing stronger inflows than Bitcoin ETFs, signaling…
USDe has set a new industry record by hitting $10 billion in total value locked (TVL) in just 500 days, making it the fastest stablecoin in history to reach that milestone. USDe reaches $10B milestone The protocol behind USDe, Ethena Labs, posted: “everyone wants to know what we’d say if we didn’t reach $10b supply…
Swiss digital asset bank Sygnum is expanding regulated institutional access to the Sui blockchain with a suite of new products, including custody, trading, and lending services for its professional clients. Key Takeaways: Sygnum will offer custody, trading, staking, and SUI-backed Lombard loans to institutional clients. All SUI holdings will be kept off the bank’s balance…
Harvard Management Company, which oversees the university’s $53.2 billion endowment, has disclosed a $116 million position in BlackRock’s iShares Bitcoin ETF, making it one of the largest institutional investments in the fund to date. Key Takeaways: Harvard disclosed a $116M stake in BlackRock’s iShares Bitcoin ETF, its fifth-largest holding. The move highlights growing Bitcoin adoption…