Treasury
StablecoinX Secures $530M Investment to Back Ethena-Linked Treasury
The funds will be used to acquire an expected 3 billion ENA, according to StablecoinX, a dedicated treasury vehicle for the stablecoin protocol.
Sonic Labs Commits $40M to SonicStrategy as It Eyes Nasdaq Listing, U.S. Expansion
The funding will be used to support SonicStrategy's treasury, validator operations, and blockchain investments, and can convert to common stock at $4.50 per share.
Public Token Treasuries and Tokenization are Fantastic for Crypto, But Risks Remain, Binance's CZ Says
Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.
Health-Care Firm KindlyMD Plans $5B Equity Raise for Bitcoin Treasury
The sale timing and amount will be determined by a variety of factors, including market prices, the company said.
Bitcoin, Stocks Hit by $400B Liquidity Drain From U.S. Treasury Account, Not Jackson Hole: Analysts
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.
Corporate Bitcoin Adoption Is a 'Dangerous Game of Balance Sheet Roulette': Report
Sentora's report warns that corporate adoption of bitcoin as a treasury asset is akin to playing 'balance sheet roulette.'
Chainlink Launches LINK Reserve to Fuel Network Growth
The reserve is funded by offchain and onchain revenue, which is automatically converted into LINK via mechanism called Payment Abstraction.
Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on BTC, ETH
“Bitcoin was again approaching its 50-day moving average. Such frequent testing of the medium-term trend signal line indicates accumulated fatigue in the first cryptocurrency,” one analyst said.
Public Shell Firms Ramping Up Altcoin Buys Draws Skepticism: FT
Extending the BTC treasury plans to smaller altcoins has been described as "hugely speculative" and a "flash in the pan"
TORN Spikes 5% After U.S. Appeals Court Okays End of Another Tornado Cash Lawsuit
The Eleventh Circuit Court of Appeals ruled on July 3 that Coin Center could dismiss its lawsuit against the Treasury Department.
