Day: 6 August 2025

PRNewswire, PRNewswire, 6th August 2025, Chainwire

British tech firm Satsuma Technology has secured £163.66 million ($217.6 million) in gross proceeds from its second convertible loan note round, with nearly $125 million of the total settled in Bitcoin — a move aimed at deepening its Bitcoin treasury strategy. The raise, which concluded on July 28, surpassed its ...

South Korean crypto custodian BDACS has officially rolled out institutional custody services for XRP, following its earlier partnership with Ripple in February. The move provides regulated entities with secure access to one of the world’s most actively traded cryptocurrencies, deepening Ripple’s footprint in the Korean market. Announced on Tuesday via ...

In a groundbreaking move for British capital markets, The Smarter Web Company has raised £15.8 million ($21 million) through a Bitcoin-denominated convertible bond, marking a rare intersection between traditional finance and digital assets in the UK. Announced Wednesday via the London Stock Exchange, the offering — dubbed “Smarter Convert” — ...

Jupiter, a leading decentralized finance platform on Solana, has launched the private beta of Jupiter Lend in partnership with 0xFluid. The beta is open to users who joined the waitlist ahead of a public launch later this month, which will include incentives from more than ten partners. Jupiter Lend is ...

Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, believes crypto investors may be underestimating the dramatic shift in regulatory sentiment following a recent speech by U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins. Speaking at the America First Policy Institute on July 31, Atkins laid out a vision for ...

The founder of the now-defunct crypto lending platform MyConstant, Huynh Tran Quang Duy—also known as Duy Huynh—has agreed to a $10.5 million settlement with the U.S. Securities and Exchange Commission (SEC) over allegations that he misused investor funds to purchase TerraUSD (UST) before its dramatic collapse in 2022. According to ...

In a major step toward mainstream adoption of digital assets, South Korea has launched its first-ever Korean won-backed stablecoin, KRWIN, in a limited test phase. The stablecoin was developed by fanC, in partnership with financial software firm Initech, and is pegged 1:1 to the Korean won. The pilot, unveiled on ...

Galaxy Digital founder and CEO Michael Novogratz believes the surge of companies adding cryptocurrencies to their balance sheets may have reached its peak. Speaking during the firm’s Q2 2025 earnings call, Novogratz said the focus is now shifting from attracting new entrants to scaling existing players. “We’ve probably gone through ...

Former Binance CEO Changpeng “CZ” Zhao has filed a motion in the U.S. Bankruptcy Court for the District of Delaware seeking dismissal from a $1.76 billion clawback lawsuit initiated by the FTX bankruptcy trust, according to Bloomberg Law. The suit, filed in November 2024, accuses Binance and its executives of ...