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…
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…