The fundraising comes as the company faces declining revenue and seeks to expand in the US to hedge against potential trade tensions.
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Bitdeer to offer $330M convertible notes to expand operations - News
Chinese Central Bank pledges global expansion of digital yuan — Report China has been looking to challenge the US dollar’s reserve status and wants to expand the digital yuan’s reach to include domestic and international payments.
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Pudgy Penguins debuts play-to-win game on TON Telegram mini-games reached a zenith in 2024, but the TON blockchain still averages over 2.1 million active wallets.
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GENIUS Act could strengthen dollar power, write ‘rulebook’ for global financial system After clearing a key procedural vote, the GENIUS Act faces a final decision in the Senate before moving to the House of Representatives.
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Fairmint calls for blockchain framework for private markets in SEC proposal The proposal outlines a seven-step framework that includes real-time regulatory oversight and updates to investor accreditation standards.
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Shift to digital asset technology won’t be ‘slow’ — Franklin Templeton CEO In the world of traditional finance, sentiment has been shifting toward digital assets, with BlackRock, JPMorgan and Franklin Templeton making moves.
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Trident Digital to create XRP treasury of up to $500M The reserve will be funded through stock issuance and other financial instruments, according to the announcement.
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Ethereum Foundation highlights UX, social layer as security ‘challenges’ According to the Ethereum Foundation, “a significant burden of security” still falls on users of digital assets.
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Franklin Templeton launches ‘intraday yield’ for tokenized assets on Benji Yield for assets is often calculated over at least one-day periods, a problem that blockchain composability could address, according to the asset manager.
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Turnkey raises $30M for crypto open infrastructure layer Digital asset infrastructure companies have seen more attention in recent years, with some fundraises in the hundreds of millions of dollars.
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Hong Kong to use Chainlink protocol in CBDC pilot project The study involving Chainlink's Cross-Chain Interoperability Protocol is one of many initiatives exploring use cases for a potential Hong Kong CBDC, or e-HKD.
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Winklevoss’ Gemini submits confidential IPO filing amid renewed investor confidence Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since.
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Big Techs consider adopting stablecoins as GENIUS Act debate continues The market capitalization for stablecoins has risen 90% since Jan. 4, 2024, making stablecoins arguably crypto’s first mainstream use case.
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Maple Finance expands to Solana, deploys yield-bearing stablecoin Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems.
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Circle stock jumps 167% on NYSE debut Circle had boosted its IPO to a range of $1.05 billion on June 4 as investor demand grew significantly.
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Global Ledger detects $15M of Garantex assets flowing despite Tether’s freeze The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun.
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JPMorgan to accept crypto ETFs as collateral for loans — Report In some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed.
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Semler Scientific boosts Bitcoin reserve with $20M BTC top-up The company concluded its first year of Bitcoin reserve operations with 4,449 BTC on its balance sheet.
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US military leadership to back Bitcoin strategic reserve — Senator Lummis The Senator’s comments addressed the tensions between the US and China, citing US generals based in Southeast Asia.
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CleanSpark ramps up Bitcoin mining by 9% in May, boosts hashrate, power capacity The miner’s May output shows resilience but still lags behind competitors MARA and Riot Platforms.
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Classover signs $500M convertible note deal for Solana reserve The K-12 education company has up to $900 million to purchase Solana tokens.
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FalconX acquires majority stake in Monarq — Report FalconX has made other moves in 2025, acquiring derivatives startup Arbelos Markets and partnering with Standard Chartered.
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SOL Strategies reports Q2 net loss of $3.5M while staking, validating revenue surge In addition to buffering its SOL holdings, SOL Strategies added SUI to its balance sheets and decreased exposure to Bitcoin in Q1 2025.
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USDT0 launches omnichain version of Tether gold stablecoin on TON The XAUt0 token will compete with other gold-backed stablecoins and traditional gold investment instruments.
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Bitcoin ‘supply shock’ could amplify price in coming months — Sygnum Institutional demand for Bitcoin and increasing regulatory clarity are positive factors for Bitcoin in 2025, head of research Katalin Tischhauser says.
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Xend Finance, Risevest launch tokenized stocks platform in Africa The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins.
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Stablecoin payment volume reaches $94B, driven by B2B Transfers Business-to-business transactions and card-linked stablecoin payments have grown, while Tether’s USDt has established dominance.
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DeepSeek releases upgraded AI model, claims parity with ChatGPT, Gemini The R1-0528 model features enhanced reasoning capabilities, with DeepSeek asserting it’s closing the gap with OpenAI’s and Google’s latest models.
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US lawmakers introduce bipartisan regulatory framework for digital assets Backed by lawmakers from both parties, the bill proposes rules to govern digital assets and define agency roles in enforcement and oversight.
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Labor Department rescinds Biden-era guidance for crypto in 401(k) plans According to Labor Secretary Chavez-DeRemer, this move returns investment decisions to fiduciaries instead of bureaucrats.