<h2>Merger Targets Bitcoin-Integrated Financial Instruments in Traditional Markets</h2>David Bailey, the founder of Nakamoto Holdings and a crypto adviser to former U.S. President Donald Trump,&nbsp;<a href="https://www.businesswire.com/news/home/20250511707064/en/David-Bailey-and-Bitcoin-Native-Holding-Company-Nakamoto-Announce-Merger-with-KindlyMD-to-Establish-Bitcoin-Treasury">announced</a> on May 12, 2025, a strategic merger with KindlyMD, a healthcare services provider, marking a pivotal move to integrate&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> into traditional finance.&nbsp;The newly formed entity seeks to establish a global Bitcoin-native treasury network, utilizing equity, debt, preferred shares, and innovative hybrid financial structures to accumulate Bitcoin (<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>) and increase BTC holdings per share. Bailey emphasized the transformative potential of Bitcoin securitization, asserting that the move would “redraw the world’s economic map” and lay the groundwork for a future where “every balance sheet – public or private – holds Bitcoin.”The merger signals an ambitious strategy to align traditional financial frameworks with Bitcoin-native markets, positioning the company to securitize Bitcoin and redefine financial instruments globally. The initiative mirrors Michael Saylor’s Bitcoin-centric strategy at Strategy, aiming to list Bitcoin-integrated financial products across major exchanges to facilitate broader exposure to digital assets within a compliant and transparent structure. Bailey’s vision extends to creating a robust ecosystem of Bitcoin-native firms encompassing media, advisory, and financial services, designed to accelerate Bitcoin’s mainstream integration.The merger involves a substantial $710 million capital raise, structured into two main components: $510 million in gross proceeds from a private placement in public equity priced at $1.12 per share, incorporating common stock and pre-funded warrants in KindlyMD, and $200 million from senior secured convertible notes set to mature in 2028. This financial structure underscores the firm’s intent to solidify Bitcoin’s role in mainstream financial markets, reflecting a strategic blueprint to institutionalize Bitcoin within equity and debt markets.Board approval has been secured from both Nakamoto Holdings and KindlyMD, though the transaction remains subject to the approval of KindlyMD’s shareholders. The newly merged entity will continue to trade on Nasdaq under the ticker “KDLY,” with a planned rebranding to emphasize its Bitcoin-centric strategy. Additionally, the firm will inherit Nakamoto Holdings’ existing business relationships, including ongoing marketing services from BTC Inc., the publisher of Bitcoin Magazine, further expanding its media and advisory footprint within the Bitcoin ecosystem.Bailey’s broader mission to “bring Bitcoin to the center of global capital markets” aligns with a growing trend of integrating Bitcoin within traditional financial structures, as evidenced by recent institutional moves to securitize Bitcoin through structured financial products. The merger represents a strategic shift toward bridging Bitcoin-native assets with conventional finance, reinforcing the firm’s objective to provide market exposure to Bitcoin while establishing a compliant, scalable infrastructure for Bitcoin-based financial instruments.This article has been refined and enhanced by ChatGPT.

Robot navigates financial maze, touching floating Bitcoin coins

Robot navigates financial maze, touching floating Bitcoin coins.webp

Nakamoto Holdings and KindlyMD Unveil $710M Bitcoin Treasury Strategy in Strategic Merger

<h2>Record-Breaking Bitcoin Accumulation by Strategy</h2>Strategy has intensified its&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> acquisition,&nbsp;<a href="https://x.com/saylor/status/1921898712801874273">purchasing</a> an additional 13,390&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a> for approximately $1.34 billion at an average price of $99,856 per coin, according to Executive Chairman Michael Saylor.&nbsp;<figure class="image"><img alt="Screenshot_1.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_1_efb6fdd59c.png"></figure>The acquisition boosts the firm’s total holdings to 568,840 BTC, acquired for about $39.41 billion at an average cost of $69,287 per BTC as of May 11, 2025. Saylor emphasized the company’s impressive 15.5% bitcoin yield year-to-date, underscoring the strategic returns generated through its substantial crypto holdings.Despite Bitcoin trading near the $104,000 range, it seems that Strategy remains unfazed by market highs, maintaining its relentless accumulation strategy. Saylor has previously emphasized the belief that one BTC equals one BTC regardless of market valuation.&nbsp;<figure class="image"><img alt="Screenshot_2.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_2_6eb4b55a6c.png"></figure>The firm’s ongoing acquisition strategy, leveraging equity and debt to finance purchases, has positioned it as the largest corporate holder of the cryptocurrency, a move closely watched by both institutional investors and crypto market participants.With the latest purchase, Strategy continues to dominate the&nbsp;<a href="https://coin360.com/">crypto price</a> index, setting a precedent in the market for corporate bitcoin adoption. Amid geopolitical tensions and rising institutional interest, the firm’s aggressive acquisition strategy not only solidifies its position in the coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> rankings but also reinforces its reputation as a bellwether for corporate crypto investment strategies.This article has been refined and enhanced by ChatGPT.

Bitcoin robot releasing swirling coins under pastel twilight sky

Bitcoin robot releasing swirling coins under pastel twilight sky.webp

Strategy Expands Bitcoin Holdings Amid Market Strength

Coin360 weekly crypto news, cryptocurrency updates, market movement

Coin360 weekly crypto news

Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | May 4 - May 10, 2025

<h2>Strategic Share Issue to Raise Funds for Hilbert Group’s Expanding Operations</h2>Hilbert Group AB, the Swedish quantitative investment firm specializing in algorithmic trading in digital asset markets, has&nbsp;<a href="https://hilbert.group/en/hilbert-group-ab-publ-announces-its-intention-to-carry-out-a-directed-share-issue-in-the-amount-of-sek-20-million/">announced plans</a> to initiate a directed share issue of SEK 20 million through a bookbuilding procedure. The proposed share issue, set to commence on the evening of May 2 and conclude before trading opens on May 5, will involve the issuance of B-shares and will be resolved by the Board under the authority granted by the company’s 2024 annual general meeting. The outcome of the share issue will provide a clearer indication of market sentiment towards Hilbert Group’s financial strategy as it seeks to bolster its operational infrastructure and risk management capabilities amid a turbulent&nbsp;<a href="https://coin360.com/">crypto price</a> index environment.The share issue comes as Hilbert Group continues to expand its footprint in the digital asset sector through its subsidiaries, including Coin360 and Syntetika, both of which are positioned to capitalize on evolving market dynamics. The capital raised through the share issue is expected to further reinforce Hilbert Group’s capabilities in algorithmic trading, a critical component of its strategy to navigate the volatile coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> landscape. Investors will be closely monitoring the outcome, particularly in light of the ongoing fluctuations in the crypto price index, which has seen heightened volatility driven by macroeconomic uncertainties and regulatory developments.Hilbert Group’s management emphasized that the directed share issue is not intended as a public offering and will be restricted to qualified investors in accordance with EU Prospectus Regulation 2017/1129. The firm has also underscored the forward-looking nature of its financial projections, cautioning investors against placing undue reliance on speculative statements. With Coin360 continuing to provide comprehensive market data and Syntetika focusing on digital asset analytics, Hilbert Group’s strategic alignment in the crypto market cap sector underscores its commitment to leveraging algorithmic strategies to capture emerging opportunities while navigating ongoing market uncertainties.Potential investors are advised to consider the associated risks, as outlined in the official release, particularly given the regulatory constraints and forward-looking statements that could impact the share issue's success. The firm’s management, including CEO Barnali Biswal and Co-founder Niclas Sandström, remains available for further information, emphasizing that the share issue aligns with Hilbert Group’s broader objective of strengthening its operational infrastructure to meet the growing demands of institutional clients in the digital asset space.This article has been refined and enhanced by ChatGPT.

Robot orchestrating translucent B-shares in a pastel twilight scene

Robot orchestrating translucent B-shares in a pastel twilight scene_11zon.jpg

Hilbert Group Seeks SEK 20 Million in Directed Share Issue 

<h2>Tether Launches Open-Source AI Project Featuring USDT and Bitcoin Payments</h2><a href="https://coin360.com/coin/tether-usdt">Tether</a> is launching an&nbsp;<a href="https://coin360.com/news/tether-ai-launch-blockchain-ai-peer-to-peer-network">open-source AI initiative</a> called Tether.AI, which focuses on decentralized artificial intelligence performance without reliance on cloud servers. Central to this project is the "Personal Infinite Intelligence," which allows users to maintain control and privacy over their data. Tether ai features integrated payment capabilities using&nbsp;<a href="https://coin360.com/coin/tether-usdt">USDT</a> and&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a>, enabling direct transactions for in-app services. This move aims to merge the AI and cryptocurrency sectors while appealing to developers globally to contribute and expand the platform. Although a specific launch date is not yet announced, the project signals Tether's ambition to evolve beyond&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a>.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Rumble to Launch Non-Custodial Bitcoin Wallet in Q3 2025</h2>Rumble plans to launch a non-custodial Bitcoin&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> in Q3 2025, aimed at empowering content creators and enhancing monetization. In partnership with Tether, the wallet will support peer-to-peer transactions, including Bitcoin and USDT payments. CEO Chris Pavlovski stated the wallet intends to rival&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a> and become a key player in crypto storage. Earlier this year, Rumble made its first Bitcoin acquisition and secured a $775 million investment from Tether. Despite a 40% decline in stock value this year, Rumble’s initiatives signal a strong commitment to reshaping creator interactions through blockchain technology.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Visa Invests in BVNK to Boost Stablecoin Payment Infrastructure</h2>Visa has invested in BVNK, a stablecoin payment infrastructure provider, following BVNK's $50 million Series B funding round led by Haun Ventures. BVNK processes $12 billion annually and is expanding into the US with new offices in San Francisco and New York. Visa's investment signifies its commitment to incorporating stablecoins into mainstream global payment systems. By partnering with BVNK, Visa aims to enhance the adoption of stablecoin payments. This investment is part of Visa's broader strategy to integrate stablecoin technology across its network, including recent collaborations with other startups to enable stablecoin-linked Visa cards.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Revolut Integrates Lightning Network for Faster Bitcoin Transactions with Lightspark Partnership</h2>Revolut enhanced its Bitcoin payment capabilities by integrating the Lightning Network through a partnership with Lightspark, enabling fast, low-cost transactions. This rollout serves users in the UK and select European Economic Area countries, leveraging Lightspark’s MoneyGrid system, which connects over 300 million users in 140+ countries for optimized cross-border payments. The integration allows near-instant settlements, giving Revolut a competitive edge over traditional banks. Lightspark's CEO, David Marcus, highlighted the initiative as a step towards a modern financial grid, facilitating advancements in crypto payments and reinforcing Revolut’s position in the global fintech landscape.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Steak ‘n Shake to Accept Bitcoin Nationwide from May 16</h2>Steak ‘n Shake will begin accepting Bitcoin at all U.S. locations starting May 16, marking a significant move for crypto adoption in the fast-food industry, which has struggled with high margins. With over 100 million customers set to gain access, this rollout represents one of the rare full-scale implementations of cryptocurrency in fast food, differing from previous pilot programs by other chains. The integration follows a strong social media campaign and engagement from notable figures like Jack Dorsey. Unlike Starbucks and Chipotle, which use conversions to fiat, Steak ‘n Shake's approach could test Bitcoin's real-world usability and speed.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Wellgistics Integrates XRP for Fast, Cost-Effective Payments in Healthcare Supply Chain</h2>Wellgistics, a Florida-based pharmaceutical distribution company, has announced its integration of&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> for real-time payments and treasury management, becoming a pioneer in the healthcare supply chain. This initiative promises to modernize payment systems for pharmacies and suppliers, offering faster transaction speeds—3 to 5 seconds—and lower fees, averaging under one cent, compared to traditional wire transfers that take days and cost up to $30. Wellgistics has secured a $50 million expandable line of credit to support this integration and plans to explore programmable liquidity and on-demand payment systems, enhancing blockchain adoption in the medical supply sector.This article has been refined and enhanced by ChatGPT.

Robot surrounded by XRP tokens, symbolizing Wellgistics healthcare payments

Robot surrounded by XRP tokens, symbolizing Wellgistics healthcare payments.webp

Payment Initiatives Weekly Recap: Tether AI, Steak ‘n Shake Bitcoin Push, XRP in Healthcare, and More

<h2>US SEC Considers Tokenization Exemption for Companies, Signal Shift in Crypto Regulation</h2>The US SEC is considering a proposal to allow companies to tokenize securities using blockchain technology, as indicated by Commissioner Hester Peirce. This potential exemption aims to foster innovation in capital markets by permitting the use of distributed ledger technology for issuing and trading securities. A roundtable discussion on this topic is scheduled for next week. The SEC's recent softer stance on crypto-related lawsuits may indicate a shift towards a more flexible regulatory framework, which could benefit various digital assets and pave the way for more crypto ETFs. Industry players are closely monitoring these developments.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Florida Halts Bitcoin Reserve Bills amid Nationwide Slowdown in Crypto Initiatives</h2>Florida has withdrawn two key bills, House Bill 487 and Senate Bill 550, aimed at establishing a Strategic&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> Reserve (SBR), amid a nationwide slowdown in similar initiatives. Although the bills, which had bipartisan support, stalled in early legislative hearings, discussions may continue through budget negotiations. Florida's retreat follows Arizona's veto of a comparable proposal, with at least eight states halting similar efforts. Currently, 19 states are considering SBR-related legislation, with 36 bills under discussion. In contrast, President Trump has pushed for a national Bitcoin reserve, though industry experts express skepticism regarding its feasibility.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bitcoin Soars Past $100K as Arizona, Oregon, and New Hampshire Enact Key Crypto Laws</h2>Bitcoin's price surge past $100,000 on May 8, 2025, was significantly influenced by rapid regulatory developments, as Arizona, Oregon, and New Hampshire enacted major crypto laws, establishing greater clarity and acceptance for Bitcoin. Arizona's House Bill 2749 created a Bitcoin Reserve Fund managed by the state, while Oregon's amendment to the Uniform Commercial Code recognized digital assets, facilitating their use in transactions. New Hampshire became the first U.S. state to legislate Bitcoin reserves for treasury purposes, enhancing legal framework around digital assets. These legislative advancements signal growing governmental support for cryptocurrencies, boosting investor confidence in the market’s regulatory environment.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Missouri Becomes First U.S. State to Exempt Capital Gains Tax on Crypto Transactions</h2>Missouri has passed legislation to eliminate the personal capital gains tax on crypto transactions, becoming the first state in the U.S. to do so. The bill, supported solely by Republicans, aims to encourage trading and long-term holding of digital assets while potentially costing the state $430 million in income for the fiscal year and $340 million annually thereafter. Democrats argue it primarily benefits high-income earners, with 54% of 2022's $13.3 million in capital gains coming from individuals earning over $1 million. Corporate capital gains will remain taxable until at least 2030, alongside other states moving towards increased capital gains taxation.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Trish Turner Takes Over IRS Crypto Unit Amid New Pro-Crypto Administration</h2>Trish Turner has been appointed to lead the IRS's digital assets unit, following the departure of Sulolit Mukherjee and Seth Wilks, who co-led the unit for just over a year. Turner, a veteran IRS official with over two decades of experience, previously served as a senior advisor in the unit. Her appointment comes as the new Trump administration adopts a pro-crypto stance, including the creation of a cryptocurrency working group and repealing a controversial crypto tax rule. This shift may prompt the IRS to adjust enforcement and reporting requirements to better support the growing crypto industry.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Senators Demand DOJ Review Trump’s Ties to Binance Amid Regulatory Concerns</h2>A group of Democratic senators has raised concerns about President Donald Trump's ties to&nbsp;<a href="https://coin360.com/review/binance">Binance</a> and the potential for conflicts of interest regarding cryptocurrency regulation. They requested DOJ and Treasury reports on Binance's compliance with a November 2023 plea agreement, where it paid over $4 billion. Trump's connections include launching a successful memecoin and leveraging stablecoin partnerships. Coincidentally, the Senate blocked a crucial stablecoin bill, the GENIUS Act, with concerns of Trump using executive powers for personal gain. Approximately 40% of Trump's net worth is linked to crypto, while Binance's former CEO, Zhao, has sought a presidential pardon.This article has been refined and enhanced by ChatGPT.

Robot dodges IRS gavel, symbolizing pro-crypto leadership change at IRS

Robot dodges IRS gavel, symbolizing pro-crypto leadership change at IRS.webp

US Crypto Policy Recap: SEC Eyes Tokenization, Trump’s Binance Ties Questioned

<h2>Ripple Agrees to Pay $50 Million to SEC, Faces Criticism Over Investor Protection Concerns</h2><a href="https://coin360.com/coin/xrp-xrp">Ripple</a> Labs has proposed a $125 million settlement with the SEC, agreeing to pay $50 million. This follows a lawsuit filed in December 2020 for selling&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> without proper registration. The parties will withdraw appeals, and if approved, Ripple can reclaim $75 million in escrow, signaling a potential regulatory shift. SEC Commissioner Caroline Crenshaw criticized the recent Ripple settlement, claiming it undermines regulatory oversight and investor protection. She argued the deal erodes legal precedent, limits future enforcement, and sends mixed signals to the market. Crenshaw emphasized the need for clarity and consistency in crypto regulation to safeguard investors effectively.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Worldcoin Suspended in Indonesia; Kenyan Court Orders Biometric Data Deletion</h2><a href="https://coin360.com/coin/worldcoin-wld">Worldcoin</a>'s operations have been <a href="https://coin360.com/news/indonesia-suspends-worldcoin-privacy-violations">suspended</a> in Indonesia due to alleged registration violations and questionable activity by its local entities, prompting regulatory scrutiny from the Ministry of Communications and Digital (Komdigi). Two subsidiaries, PT Terang Bulan Abadi and PT Sandina Abadi Nusantara, allegedly operated without proper certification and misrepresented their legal status. The government emphasized the necessity of compliance to safeguard the digital space, inviting public reports on suspicious services. Meanwhile, Kenya’s High Court has mandated the World Foundation to delete the biometric data of local users within seven days, citing violations of privacy rights. The court's ruling prohibits further biometric data collection and nullifies prior decisions to process such data without adequate assessments.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud</h2>Alex Mashinsky, founder of&nbsp;<a href="https://coin360.com/coin/celsius-cel">Celsius</a> Network, was sentenced to 12 years in prison for his role in a significant cryptocurrency fraud. Following the company’s collapse in 2022, which left a $1.19 billion deficit and $4.7 billion in frozen user funds, Mashinsky pleaded guilty to fraud and market manipulation in December 2023. He misled investors by artificially inflating the&nbsp;<a href="https://coin360.com/coin/celsius-cel">CEL</a> token's value using customer deposits, making $48 million in the process. The court also ordered him to forfeit nearly $48.4 million in profits and pay a $50,000 fine, with ongoing civil suits from multiple regulatory agencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>U.S. Treasury Sanctions Burmese Militia KNA for Cyber Crimes and Cryptocurrency Theft</h2>The U.S. Treasury has sanctioned the Karen National Army (KNA), a Burmese militia, for allegedly facilitating extensive cyber crimes, including cryptocurrency thefts from U.S. citizens. The KNA is accused of overseeing "pig butchering" scams, where victims are lured into fraudulent romantic relationships leading to significant financial losses. The sanctions target KNA leader Saw Chit Thu and his sons, blocking their access to U.S. assets. This action follows recent sanctions against the Cambodian Huione Group, linked to money laundering for Southeast Asian criminal organizations. The KNA's operations reportedly involve human trafficking and smuggling as well.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Crypto Entrepreneur's Father Rescued in Paris Ransom Raid; Five Arrested</h2>The father of a crypto entrepreneur was rescued by French law enforcement during a raid in Paris on May 3, 2025, where he was held for ransom, with demands reaching between 5 million and 7 million euros (up to $7.9 million). The incident led to five arrests and mirrors previous kidnappings, including that of Ledger co-founder David Balland in January 2025. This case is part of a troubling trend in which ransom attempts targeting crypto users and their families have increased, such as the high-profile kidnappings of WonderFi CEO Dean Skurka and a Chicago family demanding crypto ransoms.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>US Fugitive Arrested in Israel Over $190M Nomad Bridge Exploit</h2>Alexander Gurevich was arrested at Israel’s Ben-Gurion Airport as he attempted to leave for Moscow, using a new identity after changing his name. He is accused of exploiting a critical flaw in Nomad bridge technology, which resulted in a massive $190 million loss in 2022. Gurevich allegedly siphoned $2.89 million, sparking a frenzy as hundreds of copycat attackers mimicked his exploit. Charged in the U.S. with multiple crimes, including money laundering, he had previously reimbursed some stolen funds but demanded a reward. Nomad has since struggled to recover from the financial impacts of the exploit.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Supreme Court Warns of Regulation Gap as Bitcoin Trading Surges in India</h2>India's Supreme Court has raised concerns about the lack of regulation surrounding&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> amid its growing popularity, likening unregulated trading to illicit money transfer systems like Hawala. During a bail hearing for Shailesh Babulal Bhatt, accused of illegal Bitcoin trading, the court criticized the government's delayed response to establish a clear policy framework. Despite a 30% tax on crypto profits and AML compliance introduced in 2022, no comprehensive laws exist. Meanwhile, crypto trading volumes on top exchanges reached $1.9 billion in Q4 2024, with tier-2 cities leading in activity, showcasing the rising interest among young Indians seeking financial opportunities.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Coinbase Reveals SEC Discussions on XRP Security Status and NY's Ether Classification Request</h2><a href="https://coin360.com/review/coinbase">Coinbase</a> released over 10,000 documents related to Freedom of Information Act requests, revealing internal SEC discussions about classifying XRP as a security and a request from the New York Attorney General's office for the SEC to support a claim that&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ether</a> is a security. This request, made in June 2023, followed a lawsuit against&nbsp;<a href="https://coin360.com/review/kucoin">KuCoin</a> that included Ether as an unregistered security. Under former SEC Chair Gary Gensler, the classification of Ether remained unclear. However, the SEC has recently adopted a more cooperative approach towards crypto, dropping charges against major firms like Coinbase.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>German Authorities Shut Down Crypto Exchange eXch, Seize $38 Million in Digital Assets</h2>German authorities have closed the crypto exchange eXch, seizing about 34 million euros ($38 million) in various digital assets, including Bitcoin,&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a>,&nbsp;<a href="https://coin360.com/coin/litecoin-ltc">Litecoin</a>, and&nbsp;<a href="https://coin360.com/coin/dash-dash">Dash</a>. This operation, led by the Frankfurt Prosecutor's Office, is part of a significant crackdown on suspected money laundering linked to cryptocurrency hacks. The exchange is accused of providing laundering services for cybercriminals, potentially involving around $1.9 billion in total laundering activities. Additionally, the authorities confiscated the platform's infrastructure and over 8 terabytes of data, which will aid in further investigations into illicit activities related to the exchange.This article has been refined and enhanced by ChatGPT.

Robot navigates shattered CEL tokens, symbolizing Celsius Network’s downfall

Robot navigates shattered CEL tokens, symbolizing Celsius Network’s downfall.webp

Orders & Courts This Week: Ripple’s $50M Deal, Worldcoin’s Biometric Ban

<h2>Strategy and Semler Scientific Boost Bitcoin Holdings Amid Growing Corporate Adoption</h2>Strategy and Semler Scientific have both intensified their&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> acquisitions, reflecting a corporate shift towards cryptocurrency investment. Strategy, led by Michael Saylor, added 1,895&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a> worth approximately $180.3 million from April 28 to May 4, 2025, raising their total to 555,450 BTC, marking them as major corporate holders. Concurrently, Semler Scientific, a healthcare technology company, purchased 165 BTC for $15.7 million between April 25 and 29, increasing its total to 3,467 BTC. This strategic move aligns with Semler's objective to establish Bitcoin as its main treasury reserve asset, indicating broader acceptance of cryptocurrency in corporate finance.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Metaplanet to Raise $21.25M in Bonds for Bitcoin Acquisition, Opens US Subsidiary in Florida</h2>Metaplanet, a Japanese investment company, plans to raise $21.25 million through a new issue of ordinary bonds to further increase its Bitcoin reserves, currently totaling 5,555 BTC, purchased for $481.5 million. The firm recently bought 555 Bitcoin at an average price of $96,134. Additionally, Metaplanet aims to establish a US subsidiary in Florida to tap into the American market, with a goal to raise $250 million from US institutional investors. The US operation is part of its strategy to leverage Florida’s pro-Bitcoin environment and enhance its geographic presence in the expanding cryptocurrency space.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>DeFi Development Corp Expands Solana Holdings to 400,091 SOL with $11.2 Million Purchase</h2><a href="https://coin360.com/glossary/decentralised-finance">DeFi</a> Development Corp recently purchased 82,404.50&nbsp;<a href="https://coin360.com/coin/solana-sol">SOL</a>, valued at approximately $11.2 million, increasing its total holdings to 400,091 SOL worth around $58.5 million, including staking rewards. This acquisition followed a $24 million private investment in public equity deal aimed at acquiring more&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a>. Each outstanding share now represents 0.199 SOL, valued at about $29.24. The company, formerly known as Janover, has pivoted to focus on cryptocurrency, including plans to acquire a Solana validator business for $3.5 million. Solana currently ranks as the sixth-largest cryptocurrency, with a&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of roughly $74.4 billion.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Strive Asset Management Launches Bitcoin Treasury After NASDAQ Merger, Aiming to Raise $1B</h2>Strive Asset Management, a subsidiary of Vivek Ramaswamy’s fund, is launching a Bitcoin treasury after merging with NASDAQ-listed Asset Entities. The new entity aims to raise $1 billion for BTC acquisitions, offering a tax-exempt swap of BTC for company equity, thus bypassing traditional exchanges. Strive will hold 94.2% ownership while previous Asset Entities stockholders retain 5.8%. The fund plans to leverage fixed income and derivatives and seeks undervalued public companies for cash. Bitcoin treasuries are on the rise, with 192 public companies holding 3.29 million BTC, reflecting growing interest and long-term confidence in the market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Goldman Sachs Boosts IBIT Stake by 28%, Becoming Largest Institutional Holder with $1.4 billion Investment</h2>Goldman Sachs has increased its stake in BlackRock's iShares Bitcoin Trust (IBIT) by 28%, now holding 30.8 million shares valued at $1.4 billion, making it the largest institutional holder of IBIT. The trust has rapidly grown to manage over $62.8 billion in assets, with $44 billion in inflows since its January launch. Goldman also maintains a significant position in Fidelity’s Bitcoin fund, totaling over $1.5 billion across various Bitcoin ETFs. This expansion reflects growing institutional confidence in Bitcoin's long-term value, facilitated by regulated investment vehicles that attract traditional investors to digital assets.This article has been refined and enhanced by ChatGPT.

Robot holding Solana token, symbolizing DeFi Development’s expanding reserves

Robot holding Solana token, symbolizing DeFi Development’s expanding reserves.webp

This Week’s Smart Money: Bitcoin Treasury Surges as Strive Targets $1B Raise

<h2>Maldives Signs $8.8B Deal for Cryptocurrency Hub, Aims to Double GDP Amid Economic Risks</h2>The Maldives has signed an $8.8 billion deal with MBS Global Investments to establish a cryptocurrency and blockchain hub in Malé, aiming to double its GDP within four years and generate $1 billion in revenue by the fifth year. Covering 830,000 square meters, the project could create 16,000 jobs and house 6,500 residents. However, with a GDP of $7 billion and substantial debt obligations, concerns revolve around feasibility, reliance on foreign direct investment, and infrastructural readiness. The project faces environmental risks tied to climate change. Its success depends on effective implementation and sustained investor confidence amidst global scrutiny.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Kyrgyzstan Launches $500M Gold-Backed USDKG Stablecoin to Boost Cross-Border Trade</h2>Kyrgyzstan is launching a <a href="https://coin360.com/news/kyrgyzstan-gold-stablecoin-crypto-reserve-strategy">gold-backed stablecoin</a>, the USDKG, pegged 1:1 to the U.S. dollar supported by a $500 million gold reserve, with aims to expand this reserve to $2 billion. The USDKG, debuting in Q3 2025, seeks to enhance cross-border trade, crucial given remittances make up 30% of GDP. Key to its strategy is transparency through independent audits. Additionally, a partnership with Binance focuses on integrating Bitcoin and Binance Coin into national reserves, enhancing crypto usability. The initiative reflects Kyrgyzstan's commitment to modernizing its financial landscape and fostering a digital economy.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bybit to Introduce Stock and Gold Trading by Q2 2025, Expanding into Traditional Markets</h2><a href="https://coin360.com/review/bybit">Bybit</a> plans to launch trading for U.S. stocks and commodities like gold and crude oil by the end of Q2 2025, expanding its role as a major crypto derivatives exchange. CEO Ben Zhou announced that users will access traditional markets with leverage up to 500x, allowing significant position control. The existing gold trading feature via Bybit MT5 has gained popularity, responding to heightened interest in safe haven assets during market uncertainty. This move reflects the growing convergence of traditional finance and digital assets, targeting the 20% of adults globally invested in crypto seeking diversification amidst macroeconomic challenges.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>COTI, QNT, HBAR, and KIMA Selected for ECB's Digital Euro Project</h2><a href="https://coin360.com/coin/coti-coti">COTI</a>, alongside Quant (<a href="https://coin360.com/coin/quant-qnt">QNT</a>),&nbsp;<a href="https://coin360.com/coin/hedera-hashgraph-hbar">Hedera</a> (<a href="https://coin360.com/coin/hedera-hashgraph-hbar">HBAR</a>), and Kima (KIMA), has been selected as a <a href="https://coin360.com/news/coti-crypto-news-ecb-digital-euro-project-2026">pioneer partner</a> in the European Central Bank's (ECB) Digital Euro project, aiming to launch by early 2026. COTI's privacy technology, based on Garbled Circuits, will facilitate secure conditional payments, ensuring user privacy in transactions. This follows COTI’s prior success in the Bank of Israel's Digital Shekel trials. The initiative seeks to create a secure digital currency for the euro area, enhancing efficiency and addressing privacy concerns. CEO Shahaf Bar-Geffen emphasizes privacy as essential for the future of finance in&nbsp;<a href="https://coin360.com/glossary/web3-companies-projects">Web3</a> and CBDCs.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>MapleStory N Launches on Avalanche Blockchain, Empowering User-Generated Worlds with Rewards</h2>Nexon is launching MapleStory N on the&nbsp;<a href="https://coin360.com/coin/avalanche-avax">Avalanche</a> blockchain, marking a significant evolution for the iconic franchise known for pioneering the free-to-play model. Set to debut on May 15, 2025, this Web3 version empowers players to create and share their worlds while earning rewards through Avalanche's customizable Subnet architecture, which facilitates high-speed transactions and digital ownership. This initiative aligns with a broader trend, as game studios like Gunzilla and TSM also adopt Avalanche, which reported a 116% increase in monthly active users in early 2024, highlighting the platform's growing influence in the gaming sector.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Square Enix Expands Symbiogenesis to Sony’s Soneium Network with Exclusive NFT Rewards</h2>Square Enix is expanding its blockchain game, Symbiogenesis, to Sony's&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> layer-2 network, Soneium, as it nears its final season. Originally launched on&nbsp;<a href="https://coin360.com/coin/polygon-ecosystem-token-pol">Polygon</a>, Symbiogenesis now offers players incentives through limited-time&nbsp;<a href="https://coin360.com/nft">NFT</a> quests that yield collectibles usable across Soneium games, including Evermoon and Sleepagotchi. Players must complete story epilogues from chapters 1-4 by May 31 to qualify. Although this move is not a direct collaboration with Sony, it builds on their historical partnership, dating back to Final Fantasy VII's 1997 PlayStation launch. Symbiogenesis is set to conclude in July, with potential future collaborations hinted at.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Tower Research Expands Crypto Operations Amid Rising Institutional Interest</h2>Tower Research Capital is intensifying its crypto operations through its internal unit, Limestone Trading, amid a resurgence of institutional interest in digital assets. This shift is supported by favorable political changes and improved market conditions, including former President Trump's renewed backing. Limestone is enhancing its trading infrastructure with over 50 members globally, focusing on crypto arbitrage and market-making. Institutional interest is rising, with a&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a> and EY-Parthenon survey indicating 86% of surveyed investors have crypto exposure or plans for allocations. The current environment includes 72 crypto ETFs pending SEC approval, reflecting growing acceptance of cryptocurrencies in mainstream finance.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Citi and SIX Digital Exchange Team Up to Tokenize $75 Billion Pre-IPO Shares Market by Q3 2025</h2>Citi and SIX Digital Exchange (SDX) are collaborating to tokenize the $75 billion late-stage, pre-IPO shares market, aiming for a launch in Q3 2025. Citi will serve as custodian and issuer agent on SDX’s regulated blockchain-based Central Securities Depository. The platform, initially focused on Switzerland and Singapore, will not include U.S. investors. Tokenization seeks to streamline private equity transactions, which currently involve cumbersome paperwork and long settlement times. SDX’s platform utilizes R3’s Corda technology, ensuring a smooth investor experience. This partnership is part of Citi's broader strategy to tap into the global digital asset market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Sentora Launches as Institutional DeFi Platform After IntoTheBlock-Trident Merger</h2>Sentora, a new institutional&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a> platform, launched following the merger of IntoTheBlock and Trident Digital, combining over $3 billion in prior DeFi deployments. The initiative secured $25 million in Series A funding, led by New Form Capital, and targets the growing demand for regulated access to decentralized finance. Sentora offers a comprehensive suite of services, including yield strategies and real-time risk dashboards, designed with a compliant-first approach to meet institutional standards. As DeFi’s total value locked hovers around $100 billion, Sentora's emphasis on risk management positions it against market concerns about DeFi exploits amid evolving regulations.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Grab Partners with Natix to Enhance Mapping Technology Using Decentralized Data</h2>Grab has partnered with Natix, a&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> DePIN project, to enhance mapping and autonomous driving technologies through crowdsourced data. The collaboration combines Grab's AI-powered GrabMaps with Natix’s decentralized mapping model, allowing real-time updates and fresh mapping solutions. Natix also plans to launch VX360 to enable Tesla drivers to share 360° imagery for improved maps and AI training. This partnership reflects Grab’s growing involvement in blockchain, following its March 2024 initiative to enable cryptocurrency payments. Grab reported $773 million in Q1 2025 revenue, an 18% year-over-year increase, showcasing its robust growth trajectory.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>B3 to Launch Ethereum and Solana Futures on June 16 Amid Growing Investor Interest</h2>B3, Brazil's leading stock exchange, will launch Ethereum and Solana&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> contracts on June 16, priced in US dollars and referenced to Nasdaq indices. This follows the introduction of&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> futures in April. The Ethereum contract will represent 0.25&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ether</a>, while Solana will represent 5&nbsp;<a href="https://coin360.com/coin/solana-sol">SOL</a>, both expiring on the last Friday of each month. The move comes after regulatory approval from the Securities and Exchange Commission (CVM), reflecting increased investor interest in digital assets. Additionally, Bitcoin futures will see a contract size reduction from 0.1 to 0.01 Bitcoin, aiming to enhance accessibility and liquidity.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Superstate to Launch 24/7 Trading of SEC-Registered Shares on Solana This Summer</h2>Superstate, led by CEO Robert Leshner, plans to launch Opening Bell, a platform for trading SEC-registered public shares on the Solana blockchain, enabling 24/7 trading and instant settlement this summer. SOL Strategies has formed a non-binding agreement with Superstate to tokenize its shares, positioning itself as a pioneer in blockchain-public equities. Both firms aim to broaden access to retail investors, requiring a KYC process. Superstate currently manages $751 million across two funds, USTB and USCC. The initiative reflects a growing trend in asset tokenization and awaits regulatory approval, with Superstate having 150 institutional clients.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Meta Eyes Stablecoin Comeback Amidst Senator Warren's Push for Stricter Regulations</h2>Meta is reportedly reconsidering entering the stablecoin market, despite past failures with its crypto project Diem. Senator Elizabeth Warren is advocating for stronger regulations under the GENIUS Act to prevent Big Tech’s control over&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a>, stating the need for Congress to clarify that firms like Meta should not oversee digital currencies. The Senate recently blocked the GENIUS Act, falling short of the necessary votes, amidst concerns over national security and corporate influence. Warren argues this would threaten financial stability and democracy, prompting ongoing negotiations for a revised version of the bill, potentially to be reintroduced soon.This article has been refined and enhanced by ChatGPT.

Robot on coin amid flowing waves, representing Maldives crypto hub

Robot on coin amid flowing waves, representing Maldives crypto hub.webp

TradFi-Crypto Ties This Week: Maldives $8.8B Bets, ECB - COTI, Citi to Tokenize $75B

<h2>Spot Bitcoin ETFs Buy 18,644 BTC, Outpacing Miners by Nearly 6x&nbsp;</h2>In the week ending May 4, U.S.-listed spot&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> ETFs&nbsp;<a href="https://x.com/HODL15Capital/status/1919074392698421655">purchased</a> 18,644&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>, nearly six times the 3,150 BTC mined, reflecting strong institutional demand amid a post-halving supply squeeze. Despite a net outflow on April 30, the total weekly net inflow was approximately $1.8 billion, buoyed by a Bitcoin price rally to $97,700. BlackRock’s iShares Bitcoin Trust led with $2.5 billion in inflows over five days. Spot Bitcoin ETFs now represent a nearly $110 billion market, although distribution access remains limited. Meanwhile, the SEC is poised to announce decisions on new ETF applications, including a proposed&nbsp;<a href="https://coin360.com/coin/litecoin-ltc">Litecoin</a> ETF.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>BlackRock's Bitcoin Trust Tops Gold ETF Inflows Amid Historic Gold Prices</h2>BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed inflows of the leading gold-backed ETF, SPDR Gold Shares (GLD), attracting over $6.9 billion in 2025 compared to GLD's $6.5 billion, amidst gold's surge to a historic $3,500/oz. IBIT has seen a remarkable 15-day inflow streak, adding more than $4 billion recently and nearly $2.5 billion in the past week alone. This performance signifies strong institutional interest in Bitcoin, highlighting a shift from retail to a broader investor base seeking regulated exposure to crypto, which may lead to Bitcoin ETFs outpacing gold in assets under management in the coming years.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Hilbert Group Launches Two AI-Driven Crypto Funds for Bitcoin and Ethereum Yields</h2>Hilbert Group AB has launched two AI-driven <a href="https://hilbert.group/en/hilbert-group-launches-two-ai-driven-crypto-funds-for-enhanced-bitcoin-ethereum-yields/">crypto hedge funds</a>: the Hilbert Liberty Fund, targeting enhanced yields on Bitcoin and Ethereum, and the Hilbert Multi-Strat Fund, focusing on market-neutral, low-volatility strategies. The Liberty Fund requires a minimum investment of $5 million and has a capacity of $500 million, while the Multi-Strat Fund requires $500,000 and can handle over $3 billion. Both funds charge a 2% management fee and a 20% performance fee. CEO Barnali Biswal emphasized the growth of Bitcoin yield products, catalyzed by an improved regulatory environment and increasing demand from investors.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>BlackRock Urges SEC to Approve Ethereum ETF Staking to Boost Yields and Promote Tokenization</h2>BlackRock is urging the SEC to approve staking in&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> ETFs to enhance yield potential, highlighting that without it, these ETFs are “less perfect.” Robert Mitchnick from BlackRock emphasized that staking could significantly improve revenue opportunities, despite regulatory challenges. Other firms, including Fidelity and Grayscale, also support this initiative. Additionally, BlackRock is promoting its $2.9 billion BUIDL fund, focusing on blockchain tech for faster, cheaper asset trading and settlement, alongside rival projects like Franklin Templeton's BENJI fund. The SEC has not yet revealed the meeting's outcome, but BlackRock's advocacy indicates growing interest in crypto integration with traditional finance.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>VanEck Files for First U.S. ETF Focused on Binance Coin (BNB)</h2>VanEck is seeking to launch the first exchange-traded fund (ETF) in the U.S. focused on&nbsp;<a href="https://coin360.com/coin/binance-coin-bnb">Binance Coin</a> (<a href="https://coin360.com/coin/binance-coin-bnb">BNB</a>) by filing an application with regulators. This initiative marks a shift in institutional interest, moving beyond Bitcoin and Ethereum. The proposed fund aims to hold BNB and potentially earn yield through staking—an atypical feature for ETFs. Following a similar registration in Delaware, VanEck's move comes as trading activity for BNB increases, with a 15% daily volume rise to over $1.4 billion, despite BNB's recent price dips. Approval of the ETF could enhance institutional exposure to cryptocurrencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>SEC Delays Decision on Canary Capital’s Litecoin ETF, Opens Public Comment Period</h2>The SEC has delayed its decision on Canary Capital's spot Litecoin (<a href="https://coin360.com/coin/litecoin-ltc">LTC</a>) ETF, opening a public comment period to assess its regulatory compliance. This follows similar delays for other crypto ETFs, including Grayscale’s Ethereum and Franklin Templeton’s&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> proposals, with decisions now expected by mid-June. James Seyffart of Bloomberg predicted the delay, suggesting a 90% chance for Litecoin ETF approval this year, which temporarily boosted Litecoin's market sentiment, despite a recent 2.2% decline in price to $83. The SEC extended review periods to counter potential deceptive practices, influencing overall market dynamics for crypto ETFs.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bitwise Files for Spot NEAR ETF with SEC Following Preliminary Delaware Submission</h2>Bitwise has submitted a registration statement for a spot&nbsp;<a href="https://coin360.com/coin/near-protocol-near">NEAR</a> ETF with the U.S. Securities and Exchange Commission, following a preliminary filing in Delaware two weeks prior. This ETF aims to provide investors with exposure to NEAR, the native token of the Near protocol, allowing them to invest without directly holding the digital asset, similar to Bitwise's existing spot bitcoin ETF. As of now, NEAR is trading at $2.30, having decreased by 2.15% in the last day. Additionally, there are other proposals for ETFs tracking various digital assets like&nbsp;<a href="https://coin360.com/coin/dogecoin-doge">DOGE</a>,&nbsp;<a href="https://coin360.com/coin/pudgy-penguins-pengu">PENGU</a>,&nbsp;<a href="https://coin360.com/coin/sei-sei">SEI</a>, and&nbsp;<a href="https://coin360.com/coin/tron-trx">TRX</a>.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>21Shares Launches Cronos ETP (CRON) for Regulated CRO Exposure on Euronext</h2>21Shares has launched a new exchange-traded product (ETP) for the&nbsp;<a href="https://coin360.com/coin/cronos-cro">Cronos</a> network's native token,&nbsp;<a href="https://coin360.com/coin/cronos-cro">CRO</a>, listed on Euronext Paris and Amsterdam under the ticker CRON. This ETP offers regulated exposure to CRO, enabling investors to add it to their portfolios without the need for crypto wallets or exchanges. It carries a 2.5% annual fee. This launch expands 21Shares' range of crypto-linked ETPs, which includes various cryptocurrencies. Additionally, the firm is seeking to grow its presence in the U.S. with a recent S-1 registration for a&nbsp;<a href="https://coin360.com/coin/sui-sui">SUI</a> ETF. Currently, CRO's price is down 1.4%.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>XRP ETF XRPH11 Struggles with 10% Loss in First Week; SEC Postpones U.S. Approval to June 17</h2>The first spot XRP ETF, XRPH11, debuted on Brazil's B3 stock exchange but has struggled, plummeting nearly 10% over the past week to R$19.30 ($3.47), with an 8.70% decline in five days due to market volatility. XRP itself is trading at $2.10, down over 4% in 24 hours, mirroring the ETF's losses. The SEC has postponed its decision on Franklin Templeton's proposed U.S. spot XRP ETF to June 17, 2025. Meanwhile, approval odds stand at 74%, and three XRP&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> ETFs from ProShares are tentatively set to launch on May 14, pending approval.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Tidal Launches ETFs Pitting Bitcoin Against Gold Amid Market Volatility</h2>Tidal Financial Group has filed to launch two long-short ETFs that pit Bitcoin against gold, allowing investors to bet on which asset serves as a better hedge in volatile markets. The Bitcoin-long/gold-short ETF targets those favoring Bitcoin, while the gold-long/Bitcoin-short ETF appeals to traditional gold advocates. Critics argue these products are unnecessary, as similar trades already exist. In 2025, gold ETFs attracted over $14 billion, while Bitcoin ETFs garnered $8 billion. Bitcoin hit $100,000 amid trading volatility, while gold remains a safe haven against geopolitical uncertainty. Both assets appeal to traders with contrasting market outlooks.This article has been refined and enhanced by ChatGPT.

Robot lifts Bitcoin ETF, gold ETF rolls away

Robot lifts Bitcoin ETF, gold ETF rolls away.webp

Crypto Funds Weekly Recap: Bitcoin ETFs Soar, Gold ETFs Struggle, VanEck Eyes BNB ETF

<h2>Ethereum Pushes Staking Limits, Consolidates Validators in Major Update</h2><a href="https://coin360.com/coin/ethereum-eth">Ethereum</a>’s long-awaited Pectra upgrade&nbsp;<a href="https://x.com/ethereum/status/1920061243966054696">went live</a> on May 7, 2025, representing the network’s most substantial overhaul since the Merge in 2022. The upgrade consolidates two major proposals, Prague and Electra, aiming to enhance staking,&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> functionality, and overall scalability. Notably, the staking limit rose dramatically from 32&nbsp;<a href="https://coin360.com/coin/ethereum-eth">ETH</a> to 2,048 ETH, enabling stakers to consolidate multiple validators into a single node, reducing operational complexity and hardware costs.<figure class="image image_resized" style="width:90.46%;"><img alt="Screenshot_6.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_6_0251d55c78.png"><figcaption>Source: @ethereum/ X</figcaption></figure>The implementation of account abstraction further streamlines user transactions and cuts data storage costs, a significant step toward improving network efficiency. Additionally, Pectra introduced EIP-3074 and EIP-7702, pivotal proposals designed to optimize transaction processing. EIP-3074, which includes new AUTH and AUTHCALL opcodes, allows private key holders to delegate signing authority to smart contracts. However, critics warn that a single malicious signature could potentially drain entire wallets, amplifying security concerns across the network. Meanwhile, EIP-7702 permits temporary delegation of account control to third-party smart contracts, raising fears about unauthorized transactions.Ethereum’s market response was immediate and pronounced. The cryptocurrency surged by 28.9% following the upgrade, jumping from $1,939 to $2,400 as reported by Decrypt. By May 9, ETH price stabilized at $2,339, reflecting a 20.4% daily gain. This rally marks Ethereum’s largest weekly gain since 2021, a 25% surge, driven by a broader wave of optimism fueled by the recent US–UK trade mini-deal announced by President Donald Trump and UK Prime Minister Keir Starmer.<figure class="image"><img alt="chart_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/chart_11zon_03a26137de.jpg"></figure>Despite the rally, Ethereum’s 30-day&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> annualized premium remained at 3%, falling short of the 5% neutral threshold, suggesting that speculative interest in ETH has yet to fully reignite despite the successful upgrade. Furthermore, Ethereum’s transaction fees have dropped below $1, but total fee revenue over the past 30 days still lags behind&nbsp;<a href="https://coin360.com/coin/tron-trx">Tron</a>’s $51.8 million and&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a>’s $39.4 million, highlighting ongoing challenges in transaction volume and user engagement.Beyond the market reaction, Pectra’s introduction of auto-compounding staking rewards has become a focal point for long-term ETH holders. This feature allows stakers to automatically reinvest earnings, compounding returns without manual intervention. Validator slashing penalties were also significantly reduced, lowering operational risks and encouraging broader participation in Ethereum’s staking ecosystem.Alexander Loktev, CRO of P2P.org,&nbsp;<a href="https://cryptonews.com/exclusives/ethereum-pectra-upgrade-first-take-interview/">views</a> Pectra as a critical step in Ethereum’s infrastructure development, emphasizing its focus on sustainable economics, security, and staking efficiency. Loktev noted that while Ethereum continues to trail competitors like Solana and Tron in transaction volume and user acquisition, the network’s strategic pivot towards staking incentives and economic sustainability may solidify its position as the preferred network for institutional and long-term investors.Despite Ethereum’s advancements, competing networks maintain momentum. Solana reported 82.2 million monthly active users, significantly outpacing Ethereum’s 10.3 million. Furthermore, Ethereum’s dominance in&nbsp;<a href="https://coin360.com/glossary/understanding-tvl-defi">Total Value Locked</a> (<a href="https://coin360.com/glossary/understanding-tvl-defi">TVL</a>) remains intact at $53.7 billion, yet transaction volumes continue to lag behind faster L1s.<figure class="image"><img alt="Comparison of monthly active addresses on Solana versus layer-1 competitors.webp" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Comparison_of_monthly_active_addresses_on_Solana_versus_layer_1_competitors_ad9a1b3013.webp"><figcaption>Monthly active addresses on Solana vs layer-1 competitors. Source: Token Terminal</figcaption></figure>Experts recommend that Ethereum’s next focus should be on refining withdrawal processes and enhancing cross-layer communication to mitigate congestion and further reduce transaction costs. Adjustments to the MEV (Miner Extractable Value) mechanism could also stabilize rewards for validators, addressing potential risks associated with frontrunning attacks. As Ethereum advances its validator consolidation and staking incentives, its competitive positioning will hinge on effectively balancing security enhancements with transaction efficiency.This article has been refined and enhanced by ChatGPT.

Robot leaps holding ETH token, comic book style energy burst

Robot leaps holding ETH token, comic book style energy burst.webp

Ethereum Pectra Upgrade Drives Staking and Scalability Overhaul

<h2>A Game-Changer for Crypto Derivatives</h2><a href="https://coin360.com/review/coinbase">Coinbase</a>’s announcement of its&nbsp;<a href="https://x.com/coinbase/status/1920465054568218905">$2.9 billion acquisition</a> of Deribit marks a pivotal moment in the crypto derivatives landscape. The deal, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock, is expected to close by the end of 2025, pending regulatory approval. This transaction not only solidifies Coinbase’s strategic ambitions in derivatives but also positions it as a formidable contender in institutional-grade trading services.<figure class="image"><img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_1_6215ccefa0.png" alt="Screenshot_1.png"></figure>Deribit, a dominant player in the&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> and&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> options and&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> markets, recorded a 95% surge in trading volume in 2024, reaching $1.185 trillion. Additionally, the exchange’s $30 billion in open interest underscores its influence in the institutional trading sphere. Industry analysts view the acquisition as a transformative move that could potentially propel Coinbase into the ranks of a trillion-dollar company, as noted by Bitwise CIO Matt Hougan. Hougan emphasized that Coinbase’s strategic expansion through Deribit reflects its intention to secure a foothold in the burgeoning derivatives sector, an area still underdeveloped in the U.S. compared to offshore markets.Benchmark analyst Mark Palmer highlighted Deribit’s stronghold in the crypto options market, noting that its trading volumes have consistently outperformed those of established players like CME Group and&nbsp;<a href="https://coin360.com/review/binance">Binance</a>. Palmer stated that the deal’s structure, involving both cash and stock components, not only cements Coinbase’s position as a derivatives powerhouse but also elevates the overall valuation of the exchange. Following the announcement, Coinbase shares rose by 5.2% to $206.88, indicating investor confidence in the acquisition’s strategic implications.The acquisition also signifies a major shift in Coinbase’s operational structure, as Deribit’s founders, John and Marius Jansen, are set to exit, allowing Coinbase to integrate Deribit’s advanced trading infrastructure under its institutional umbrella. While the existing Deribit platform will continue to operate, it will now function within Coinbase’s broader ecosystem, enhancing its derivatives trading capabilities and attracting advanced traders and institutional clients.Coinbase’s move aligns with a broader industry trend of consolidation, as major exchanges seek to establish themselves as comprehensive trading hubs.&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a>’s $1.5 billion acquisition of NinjaTrader earlier this year demonstrated a similar strategy, enabling Kraken to expand into traditional derivatives.&nbsp;<a href="https://coin360.com/coin/xrp-xrp">Ripple</a>’s $1.25 billion purchase of Hidden Road further underscores the growing appetite for multi-asset brokerage operations in the crypto sector.Spencer Yang, co-founder of Fractal Bitcoin, remarked that Deribit’s operating history and strategic focus align closely with Coinbase’s institutional ambitions. Yang suggested that Coinbase could leverage Deribit’s platform to introduce Bitcoin options trading through additional broker-dealer partnerships, capitalizing on its existing FCM/DCM licenses. Such expansions could significantly impact Coinbase’s market positioning, particularly as the U.S. derivatives market remains underdeveloped compared to offshore platforms, where Bitcoin and Ethereum futures trading volumes reached $31 trillion in 2024, compared to $2.5 trillion on CME.With regulatory scrutiny intensifying, the success of the Deribit acquisition hinges on securing necessary approvals. As Coinbase seeks to establish itself as a one-stop trading platform for advanced crypto products, the deal could serve as a catalyst for further consolidation in the crypto derivatives space, potentially reshaping the competitive landscape for years to come.Coinbase has also launched <a href="https://www.coinbase.com/blog/24-7-futures-trading-has-arrived">24/7 trading</a> for Bitcoin and Ethereum futures, becoming the first CFTC-regulated derivatives exchange in the US to offer continuous access to crypto futures contracts. This initiative aims to bridge traditional US trading hours with the global crypto market, which accounts for over 75% of trading volume.&nbsp;Users can trade both nano and large-sized contracts, enabling continuous execution, hedging, and management of exposure. The trading infrastructure is supported by Nodal Clear for clearing and Virtu Financial for liquidity. As stated by Coinbase executives, this evolution in market structure represents a significant advancement for the industry. Additionally, Coinbase plans to introduce perpetual futures within a regulated framework, further extending its derivatives offerings.This article has been refined and enhanced by ChatGPT.

Robot managing crypto assets in a pastel synthwave trading arena

Robot managing crypto assets in a pastel synthwave trading arena.webp

Coinbase Announces $2.9 Billion Acquisition of Deribit

<h2>Delegate Resignation Sparks Controversy Over Uniswap’s Decentralization</h2>Pepo, one of the most influential&nbsp;<a href="https://coin360.com/coin/uniswap-uni">Uniswap</a>&nbsp;<a href="https://coin360.com/coin/dao-maker-dao">DAO</a> delegates, has announced his resignation, accusing the Uniswap Foundation of consolidating power at the expense of community-driven governance. Holding 455,000&nbsp;<a href="https://coin360.com/coin/uniswap-uni">UNI</a> tokens, Pepo was among the top 20 largest voting delegates, making his&nbsp;<a href="https://snapshot.box/#/s:uniswapgovernance.eth/profile/0x786A4Eb282a6332871e4BaD890cE5960f1d12813">departure</a> a significant setback for Uniswap’s governance framework. His decision to step down highlights deeper issues surrounding the perceived centralization of decision-making within Uniswap, a project that has long championed decentralized control.Pepo’s criticism centers around the $165 million treasury grant allocated to the Uniswap Foundation in March 2025. According to Pepo, the Foundation’s handling of the funds reflects a&nbsp;<a href="https://x.com/0xPEPO/status/1919420425928348118">troubling shift</a> toward autonomy, prioritizing its agenda over community feedback. He described the Foundation’s approach as “insulation over collaboration,” a sentiment echoed by several other delegates. This allocation of funds was originally intended to foster ecosystem development but is now viewed by some as a tool for the Foundation to exert undue influence.<figure class="image"><img alt="Screenshot_7.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_7_ab88e04581.png"><figcaption>Source: @0xPEPO/ X</figcaption></figure>Uniswap Foundation Executive Director Devin Walsh&nbsp;<a href="https://x.com/devinawalsh/status/1919805196193890790">responded</a> to the criticism, asserting that “delegate participation is essential,” while emphasizing that the Foundation remains committed to engaging with the DAO. Despite these assurances, sources within the DAO allege that critical decisions are being discussed privately among large stakeholders before being presented to the broader community for voting, a practice some have labeled as “DAO theater.”<figure class="image"><img alt="Screenshot_8.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_8_9d2f52006e.png"><figcaption>Source: @devinawalsh/ X</figcaption></figure>This is not the first time Uniswap has faced scrutiny over its governance practices. In October 2024, Billy Gao from Stanford&nbsp;<a href="https://coin360.com/glossary/blockchain">Blockchain</a> Club condemned Uniswap Labs for launching a blockchain without consulting the DAO,&nbsp;<a href="https://x.com/__billygao/status/1847776831782691226">calling it</a> a “clear governance failure.” More recently, on May 1, 2025, the Uniswap Foundation launched a “Foundation Feedback Group” aimed at increasing transparency and delegate engagement, a move critics deem “too little, too late.”The controversy comes at a time when Uniswap’s financial standing is also under pressure. The protocol’s total value locked (<a href="https://coin360.com/glossary/understanding-tvl-defi">TVL</a>) has fallen to approximately $4.27 billion, a steep decline from its peak of nearly $10 billion in 2021-2022. The $165 million grant, intended to bolster ecosystem development, now serves as a flashpoint in the ongoing debate over power consolidation within Uniswap’s governance structure.<figure class="image"><img alt="Screenshot_9.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_9_56c7cb6d99.png"><figcaption>Source: DefiLlama</figcaption></figure>Pepo’s resignation has also reignited concerns about the efficacy of DAO governance in the broader&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a> landscape. PaperImperium, Governance Liaison at GFX Labs, noted that “it’s a loss for any DAO whenever a delegate feels the only way to make an impact is through stepping down.” Other delegates echoed this sentiment, pointing to a growing sense of disillusionment over what they perceive as private deal-making among influential stakeholders.Doo Wan Nam, Co-founder of StableLab and a Uniswap delegate, likened the current governance dynamics to traditional political structures, remarking that “Congressmen won’t just blindly write bills without talking to relevant stakeholders.” This perspective underscores the increasing complexity of decentralized governance, where the lines between public DAO votes and private negotiations blur.Uniswap’s structural framework, which includes Uniswap Labs overseeing protocol development and the Uniswap Foundation managing ecosystem grants, is now being scrutinized for potentially overstepping its role. While initially intended to support the community, some argue that the Foundation’s influence has become disproportionately large, potentially undermining the decentralized ethos Uniswap was built upon.As Uniswap navigates this governance crisis, the implications extend beyond its immediate community. The case raises fundamental questions about the balance of power within DAOs and whether decentralized governance can truly function as intended or if it remains susceptible to the same concentration of influence that plagues traditional institutions.This article has been refined and enhanced by ChatGPT.

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