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…
Harvard Management Co. (HMC) reported a position in BlackRock’s iShares Bitcoin Trust (IBIT) worth $116,666,260. According to a Form 13F filed with the US Securities and Exchange Commission (SEC) on August 8, HMC had 1,906,000 shares of IBIT as of June 30. Based on the values shown on the same page, the Bitcoin allocation represents…
Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading. The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital…
Nasdaq-listed Verb Technology has raised $558 million in a private placement to establish the first publicly listed company dedicated to holding Toncoin (TON) as a treasury reserve asset. The financing round, which was upsized and oversubscribed, was led by Kingsway Capital and drew participation from over 110 institutional and crypto-native investors. Notable backers include Vy…
Stablecoin rails are on pace to challenge incumbent cross-border networks by 2026, as monthly on-chain dollar settlement already runs in the trillions and merchant access widens through mainstream processors. Per RWA.xyz’s live dashboard, stablecoins moved about $3.3 trillion on chain in July, with roughly 39.7 million monthly active addresses, while total stablecoin value sits near…
President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles. The focus now…
El Salvador is signaling its next significant step in Bitcoin adoption by planning to create a dedicated Bitcoin bank. On Aug. 8, the country’s Bitcoin Office posted on X, declaring: “Bitcoin Banks are coming to the Bitcoin Country.” Although no further details were disclosed, the announcement suggests a plan to integrate Bitcoin-based banking into the…
Bitcoin is trading at a steep discount to its “energy value,” a proprietary metric from Capriole Investments that places the cryptocurrency’s fair value at up to $167,800, according to the firm’s founder, Charles Edwards. Key Takeaways: Capriole’s Energy Value metric estimates Bitcoin’s fair value at up to $167,800. The model links Bitcoin’s valuation to mining…
Ukraine’s central bank said it remains prepared to move forward with crypto legalization while reaffirming that virtual assets will not be recognized as legal tender, per RBC Ukraine. National Bank of Ukraine (NBU) Governor Andriy Pyshnyy said on August 8 that “virtual assets cannot be a means of payment in Ukraine” and described this restriction…