Bakkt Holdings Inc. (NYSE: BKKT) announced Wednesday it will acquire roughly 30% of Tokyo-listed MarushoHotta Co., Ltd. (TSE: 8105), becoming the company’s largest shareholder and advancing its multinational bitcoin treasury strategy. Bakkt Expands Into Japan The share purchase agreement with RIZAP Group Inc. positions Bakkt to influence MHT’s direction, with Phillip Lord, president of Bakkt […] Source CryptoX Portal
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin (BTC) prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026” contract traded at 55 cents, implying a 55% probability. That pricing looks justified against the backdrop of recent economic data. “With both manufacturing and services ISMs now weaker than the most bearish forecasts, the market…
The Smarter Web Company, a publicly traded United Kingdom-based firm holding Bitcoin on its corporate balance sheet, has raised $21 million through a new Bitcoin-denominated bond offering, marking a rare move in British capital markets. In a Wednesday London Stock Exchange announcement, The Smarter Web Company disclosed it launched a Bitcoin-denominated bond that has already raised 15.8 million British pounds ($21 million). The bond was offered in a fully subscribed round backed by the French asset management giant Tobam. The new product “Smarter Convert” was designed in partnership with Tobam,…
Laser Digital, the cryptocurrency trading and servicing subsidiary of Japanese bank Nomura, secured a limited license to offer regulated, over-the-counter (OTC) crypto derivatives from Dubai under the Virtual Asset Regulatory Authority’s (VARA) pilot framework. Under this regime, Laser Digital says it is the first regulated entity under VARA to offer direct client-facing crypto OTC option services. As crypto derivatives ramp up around the globe, places like Dubai with its crypto-friendly regulatory framework, have become hot destinations for firms. For example, Deribit, the crypto derivatives platform recently acquired by Coinbase, also…
Pendle has opened up Boros, a new platform on Arbitrum that allows users to directly trade the funding rates of bitcoin (BTC) and ether (ETH) perpetual markets. Boros lets users go long or short on funding rate exposure using “Yield Units” (YUs), which are structurally similar to Pendle’s existing Yield Tokens. Each YU represents the realized funding yield on 1 unit of notional, such as 1 ETH or 1 BTC, until expiry, offering a mechanism to speculate or hedge against changing funding conditions…
Public companies are scooping up Solana to get a slice of the blockchain’s staking rewards, with three firms recently sharing they’ve purchased more of the token. Bitcoin mining firm Bit Mining said on Tuesday that it made its first Solana (SOL) buy, purchasing 27,191 SOL worth $4.5 million, and launched a validator to earn yield by staking the tokens. Meanwhile on Tuesday, Upexi, a brand owner specializing in supply chain management, said it spent most of July buying Solana and increasing its holdings from 735,692 tokens at the end of…
XRP enters a new DeFi era as Flare’s Luminite wallet removes seed phrases, adds fiat onramps, and unlocks seamless access to staking, bridging, and asset swaps. XRP DeFi Now Made Simple—Flare Just Removed Barrier to Its Ecosystem Flare, a full-stack layer 1 solution designed for data-intensive use cases, introduced Luminite on Aug. 5. Described as […] Source CryptoX Portal
The U.S. dollar could soon be reanchored to gold as global faith in fiat erodes, with Ray Dalio spotlighting historic cycles pointing toward a seismic monetary realignment. Ray Dalio Hints at Possible Dollar Reset as Confidence in Fiat Fades Amid growing concerns over fiat currency stability and rising global debt, some financial experts are revisiting […] Source CryptoX Portal
Adding to the shocking downward jobs growth revisions on Friday — which sent crypto prices tumbling — the ISM Services PMI all of a sudden is beginning to consistently indicate softer-than-thought economic activity. The ISM Services for July came in at 50.1, sizably lower than the 51.5 expected. A number above 50 indicates economic expansion, and below that level contraction. The soft print is notable as it’s now a three-month pattern of weakness, with May’s number having been 49.9 and June’s 50.8 — a big slowdown from previous months. Compounding…
Nasdaq-listed CEA Industries Inc. announced the successful closing of a $500 million private placement offering on Aug. 5, 2025, aimed at advancing its BNB treasury strategy. Strategic Realignment and Rebranding Nasdaq-listed CEA Industries Inc. announced on Aug. 5 the successful closing of a $500 million private placement offering to advance its BNB Treasury Strategy. The […] Source CryptoX Portal