Bitcoin's price dips below $90,000, yet Republic and Kraken ink nine-figure deals. If this is a bear market, someone forgot to tell big money.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Crypto Biz: Is this what a bear market looks like? (Spoiler: No) - News
Republic raises $100M for ETH purchases under unusual zero-interest deal Republic Technologies secured a zero-interest convertible loan to expand its Ether holdings, a structure that could limit shareholder dilution.
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‘Volatility is your friend’: Eric Trump not bothered by Bitcoin, crypto carnage Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries.
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Tether to accelerate push into commodity lending with cash, USDt credit Tether is expanding its commodity-trade lending after deploying $1.5 billion in credit, marking a deeper shift from stablecoin issuer to global finance player.
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WBTC expands to Hedera as Bitcoin liquidity flows into new DeFi rails Wrapped Bitcoin's move to Hedera brings tokenized BTC and increased liquidation to the network's growing decentralized finance ecosystem.
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21Shares launches crypto index ETFs under SEC’s Act ’40 21Shares’ new crypto index ETFs utilize the stricter 1940 Act framework, marking a shift toward traditional fund oversight for diversified digital asset exposure.
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OKX adds decentralized trading for US users as DEX volumes hit record high The crypto exchange enabled decentralized trading, integrating DEX access and self-custody wallets as onchain volumes reach record highs.
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XStocks hits $10B in volume 4 months after launch as tokenized stocks gain traction Backed and Kraken’s xStocks sees rapid growth as investor interest in blockchain-based equities accelerates despite regulatory uncertainty.
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Skittish risk managers could turn Bitcoin’s institutional boom into bust, CEO warns Markus Thielen warns Bitcoin’s institutional rally could reverse as ETF outflows and market fatigue weigh on risk appetite.
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Franklin Templeton expands Benji tokenization platform to Canton Network Franklin Templeton has linked its Benji tokenization platform to the Canton Network, expanding institutional access to regulated onchain assets.
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Visa pilots fiat-funded stablecoin payouts for US businesses Visa is piloting a service allowing US dollar stablecoin payouts to crypto wallets from business accounts funded with fiat currency.
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ClearToken gets FCA nod for crypto settlement platform amid UK rules push ClearToken won FCA approval for a regulated crypto settlement system, signaling the UK’s push to bring digital assets under its financial framework.
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Major fantasy sports operator enters prediction markets with Polymarket PrizePicks has teamed up with Polymarket to let users wager on real-world outcomes, expanding beyond fantasy sports into the growing prediction-market space.
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VC Roundup: Selective capital, shrinking rounds highlight crypto’s cautious reset Funding now targets infrastructure, stablecoins and payments as big bets fade and Bitcoin projects bootstrap.
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Evernorth’s unrealized XRP losses expose mounting pressure on DATs: CryptoQuant The latest crypto downturn is hammering companies that built their business models around holding digital assets.
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Coinbase, Block, Robinhood highlight dismal week for crypto stocks Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment.
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Polymarket rife with ‘artificial trading,’ Columbia University researchers find A Columbia study found that up to 60% of Polymarket’s volume may stem from wash trading, raising new concerns about artificial activity in prediction markets.
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Commonware secures $25M from Tempo as Stripe, Paradigm deepen blockchain bet Tempo leads an investment round in startup Commonware to advance blockchain infrastructure for real-world payments.
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Bitcoin.com, Concordium partner on age-verified crypto payments Bitcoin.com and Concordium have teamed up to introduce age-verified stablecoin payments to 75 million wallets, blending privacy with new compliance standards.
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Citadel Securities, Fortress back Ripple’s $500M raise at $40B valuation Ripple’s massive valuation highlights increasing Wall Street confidence in blockchain and stablecoin innovation.
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10x Research sees shorting Ether as a Bitcoin hedge 10x Research says Ethereum faces structural risks as Bitcoin draws most institutional capital, making ETH a potential hedge short amid market caution.
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Solana treasury Forward Industries authorizes $1B share repurchase Forward Industries, which has accumulated more than $1 billion worth of Solana, saw its share price plunge Tuesday morning.
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FTSE Russell partners with Chainlink to publish stock indexes onchain The partnership will place key FTSE Russell and Russell index data on blockchains, expanding public access to reliable market information.
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Brazil, Hong Kong test cross-border blockchain trade system via Chainlink Banco Inter and Chainlink test cross-border trade finance using Brazil’s Drex and Hong Kong’s Ensemble networks in landmark blockchain pilot.
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BTC miner IREN lands $9.7B Microsoft deal, accelerating industry pivot to GPUs IREN’s Microsoft partnership underscores how Bitcoin miners are reinventing themselves as AI infrastructure providers amid tightening margins.
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Crypto Biz: Corporate stablecoin race heats up with Citi, Western Union at the helm Citi and Western Union lead Wall Street’s stablecoin charge as Bitcoin miners and lenders shake up the post-halving crypto landscape.
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Onchain revenue nears $20B in 2025, marking a maturity test for crypto: Research Blockchain fees are set to reach $19.8 billion this year, demonstrating the technology’s growth beyond speculation into real, user-driven economic activity.
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Nigerian fintech plans African stablecoin payment system with Polygon: Report Flutterwave partners with Polygon Labs to launch a stablecoin-powered cross-border payments network spanning 34 countries across Africa.
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‘Cut-throat’ battle for crypto ETNs erupts in UK after retail ban lifted With retail access restored, crypto exchange-traded notes issuers slash fees to historic lows, signaling an intensifying battle for UK market dominance.
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Ex-FTX US chief bets on ‘perps’ for traditional markets Brett Harrison’s new startup brings perpetual futures — crypto’s signature high-leverage contracts — to stocks, currencies and commodities.