XRP and Solana Join Bitcoin in New Wave of Public Crypto Treasuries

MicroStrategy’s Bitcoin model, raising funds through public markets to build a large crypto treasury, is now being adopted beyond BTC. Two recent moves signal a growing wave of public crypto vehicles (PCVs) targeting altcoins. This raises questions about motivations, sustainability, and the next evolution in institutional crypto adoption. XRP and Solana Join Bitcoin in the … Read more

Coinbase data hack sparks calls to scrap KYC

Coinbase’s recent data breach is prompting renewed calls to remove Know Your Customer (KYC) requirements in licensed cryptocurrency exchanges. Illicit actors bribed the exchange’s overseas customer service agents in December 2024 to gain access to the personal information of 70,000 users. In May, Coinbase admitted that hackers had obtained data such as government-issued ID photos … Read more

Binance Chief CZ Discusses Bitcoin Reserves and Risk Management

Key Points: Changpeng Zhao comments on Bitcoin reserving risks and management strategies. Risk isn’t binary; it is a continuous spectrum. Balancing risk and return is essential for companies. Binance’s founder, Changpeng Zhao, asserted on social media that while companies building Bitcoin reserves undertake risks, these can be managed effectively. Risk is not binary but a … Read more

The Blockchain Group Buys $69 Million Worth Of Bitcoin

French tech firm completes acquisition of 624 BTC through €60.2 million capital raise and bond issuance. The company reports 1,097.6% BTC Yield year-to-date as European corporations to accelerate Bitcoin treasury adoption. The Blockchain Group, Europe’s first Bitcoin Treasury Company, has acquired 624 Bitcoin for approximately €60.2 million ($69 million), marking a significant expansion of its … Read more

Nasdaq-Listed Classover to Allocate up to $500 Million in Solana for Treasury Reserve

Classover, a Nasdaq-listed firm, has announced a securities purchase agreement to issue up to $500 million in senior secured convertible notes, aimed at establishing a solana ( SOL)-based treasury reserve. Classover Selects Solana for Treasury Reserve Strategy The Nasdaq-listed online educational platform Classover announced June 2 that it has entered into a securities purchase agreement … Read more

Solana Foundation and VARA sign MOU to launch Dubai economic zone and boost Web3 talent

Dubai’s digital asset development takes a new step, with the Solana Foundation signing a strategic Memorandum of Understanding (MoU) with the Virtual Assets Regulatory Authority (VARA) of Dubai. The agreement announced on June 3 centers around talent development, regulatory collaborations, and support for the newly proposed Solana Economic Zone in Dubai. Solana Foundation just signed … Read more