Pure Crypto, a relatively quiet player in the digital asset space based outside Chicago, has turned heads after revealing its flagship fund has surged nearly 1,000% since its inception in 2018. Key Takeaways: Pure Crypto’s flagship fund has surged nearly 1,000% since 2018, now valued at $60 million. The firm is preparing a fourth fund…
Ethereum ETFs are enjoying a sustained bull run, clocking 11 straight weeks of net inflows totaling more than $6.4 billion. Key Takeaways: Ethereum ETFs have pulled in $6.4 billion over 11 straight weeks, outpacing Bitcoin funds. Fidelity’s ETHA hit $10B in assets in just 10 days, the third-fastest ETF to do so. Institutional ETH demand…
OSL Group, one of Asia’s leading digital asset platforms, has raised $300 million through an equity financing round, marking the largest publicly disclosed capital raise in the region’s crypto space to date. Key Takeaways: OSL Group raised $300 million in Asia’s largest disclosed crypto equity deal to date. Funds will support stablecoin infrastructure, global licensing,…
A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association,…
The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin, according to a Bloomberg News report citing people familiar with the matter. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company…
Strategy intends to expand its new preferred equity offering to $2 billion from $500 million, Bloomberg News reported on July 24. The upsized deal comes as the Michael Saylor-led firm leans further into purchasing additional Bitcoin (BTC) amid a powerful, ETF-driven market rally to new all-time highs. The company has created multiple share classes to…
BitMine Immersion Technologies (BMNR) has strengthened its position as Ethereum’s largest publicly traded holder, with its total ETH portfolio now valued at over $2 billion. In a disclosure on July 24, the company announced that it currently holds 566,776 ETH, acquired at an average price of $3,643 per token. BitMine’s ETH stash now exceeds the…
A growing number of publicly traded companies are raising hundreds of millions of dollars to build crypto treasuries, but one analyst says many aren’t actually buying digital assets from the open market. Key Takeaways: Crypto treasury firms often receive insider crypto contributions instead of buying from the open market. These models allow early contributors to…
Bitzero, the crypto mining company supported by investor and TV personality Kevin O’Leary, has raised $25 million to accelerate the expansion of its mining infrastructure. Key Takeaways: Bitzero secured $25 million to expand its crypto mining operations with energy-efficient hardware. The company plans to deploy 2,900 miners, generating an estimated $10 million in annual revenue….
Russian entities are exploiting Kyrgyzstan’s crypto infrastructure to bypass international sanctions and procure dual-use goods for use in Ukraine. Key Takeaways: Russia is using Kyrgyzstan’s fast-growing crypto sector to sidestep sanctions and acquire war-related goods. Kyrgyz-registered exchanges show ties to sanctioned entities and mimic the behavior of the banned Russian exchange Garantex. TRM Labs urges…