Today's news tips:
Vitalik's address sold 2 trillion DOG tokens in exchange for 4.43 ETH
Bhutan’s Bitcoin Holdings Now Reach $1.3 Billion, Nearly 40% of Its GDP
Grayscale updates Q3 Top 20 asset list: adds AVAX and MORPHO and removes LDO and OP
India's top ruling party spokesman calls for Bitcoin reserve pilot
Coinbase CEO: The company is buying more Bitcoin every week
Regulatory/Macro
Tianfeng Securities said on the interactive platform that its wholly-owned subsidiary Tianfeng International Securities and Futures Co., Ltd. has been approved by the Hong Kong Securities and Futures Commission to obtain the third type of license in the virtual asset-related licenses, and can provide virtual asset trading services through comprehensive account arrangements. It is reported that the virtual asset-related licenses of the Hong Kong Securities and Futures Commission include the following categories: 1) operating a virtual asset trading platform, 2) managing an investment portfolio with more than 10% investment in virtual assets, 3) providing virtual asset trading services through comprehensive account arrangements, 4) providing opinions on virtual assets, and 5) acting as an introducing agent for virtual asset trading platforms.
Publicly traded company Mullen Automotive announced on June 26 that it will now accept cryptocurrencies, including Bitcoin and $TRUMP Meme Coin, for the purchase of its Mullen and Bollinger brand commercial electric vehicles.
Bhutan’s Bitcoin Holdings Now Reach $1.3 Billion, Nearly 40% of Its GDP
According to coinfomania, SatoshiActFund CEO Dennis Porter retweeted an article from the Wall Street Journal on Twitter today. The article revealed that Bhutan's Bitcoin holdings now amount to $1.3 billion, almost 40% of the country's gross domestic product (GDP). This Himalayan country, known for its national happiness index rather than technological innovation, has quietly mined Bitcoin since 2020. Five years later, Bhutan has become the third largest country in the government holding Bitcoin reserves. "For Bhutan, this is obvious in many ways," said Ujjwal Deep Dahal, head of Bhutan's Royal Holding and Investment Company. Porte called the progress a "milestone in the cryptocurrency field," emphasizing Bhutan's hydropower-based mining strategy and its long-term vision for digital assets.
According to Bloomberg, a Chinese brokerage has begun offering tokenized securities that pay interest in currencies such as the U.S. dollar, Hong Kong dollar and offshore renminbi, according to a person familiar with the matter. The Hong Kong subsidiary of GF Securities Co., Ltd. has launched a tokenized security called "GF Token" that pays interest daily and is redeemable daily, the person said. Among them, the U.S. dollar token is based on the Secured Overnight Financing Rate (SOFR), while the interest rates of the Hong Kong dollar and renminbi products are not yet clear. The person said that this token is only available to institutions and professional investors. It can generate interest on short-term idle funds and can also be used to convert between other tokenized assets. The token is issued on the chain and will be traded on Hashkey, a licensed cryptocurrency exchange in Hong Kong. GF Securities (Hong Kong) did not immediately respond to this.
Hong Kong media: Hong Kong officials have officially renamed "virtual assets" to "digital assets"
According to Hong Kong media Sing Tao Daily, with the release of the Hong Kong Digital Asset Development Policy Declaration 2.0, the government has officially changed the wording from "virtual assets" to "digital assets". The industry believes that "digital assets" covers a wider range, including the tokenization of existing financial products, and has a more positive image. Hong Kong Legislative Council member Qiu Dagen said that after the name change, digital assets cover a wider range and clearly explain the next policy vision and direction. Related reading: Hong Kong Digital Asset Development Policy Declaration 2.0: LEAP framework builds a global innovation center.
India's top ruling party spokesman calls for Bitcoin reserve pilot
According to Bitcoin News, Pradeep Bhandari, a senior spokesperson for India’s ruling Bharatiya Janata Party (BJP), called on India to launch a Bitcoin reserve pilot project, calling it a strategic move towards economic resilience.
According to CoinDesk, Tim Scott, chairman of the U.S. Senate Banking Committee, told Bo Hines, a White House cryptocurrency adviser, that the crypto market structure bill will be completed by September 30. This timetable is later than President Trump's goal of completing it before the August congressional recess, but earlier than Senator Cynthia Lummis's previous prediction of completing it by the end of the year. Scott said at a press conference that "completing market structure legislation by the end of September is a realistic expectation," and Lummis supported this.
According to crypto journalist Eleanor Terrett, Bo Hines, White House digital asset policy adviser, confirmed that the United States is working on building infrastructure for strategic Bitcoin reserves. He pointed out that although Trump's executive order issued in March this year did not force the Treasury Department to publish a report on the current US government's Bitcoin (BTC) holdings, the US government may choose to publish it publicly. He also added that the US government is "very inclined" to increase its Bitcoin holdings in a budget-neutral way.
Viewpoint
According to DL News, Ripple's Chief Technology Officer David Schwartz revealed that the company is promoting multiple acquisitions, involving multiple stages from early to late stages. Schwartz pointed out that traditional financial institutions are currently lacking interest in mergers and acquisitions in the crypto field, creating a strategic acquisition window for Ripple. At the same time, the technical team is upgrading the XRP Ledger blockchain, planning to enhance "programmability" and launch a lending protocol, but will maintain its focus on payment features that distinguish it from general chains such as Ethereum. In April this year, the company acquired broker Hidden Road for $1.25 billion, and previously acquired custody companies Metaco ($250 million) and Standard Custody.
Coinbase CEO: The company is buying more Bitcoin every week
In response to Nakamoto founder David Bailey's suggestion that "Coinbase needs to build a proper Bitcoin vault," Coinbase CEO Brian Armstrong responded: "We are buying more Bitcoin every week."
Project News
Binance will list Moonveil (MORE), and you can claim airdrops using Alpha Points
According to the official announcement, Binance is the first platform to list Moonveil (MORE), and trading will start at 20:00 on June 27th, Beijing time. Eligible users can claim 400 MORE tokens airdropped by using Binance Alpha Points on the Alpha event page within 24 hours after the start of trading. Binance Alpha airdrops will be conducted on a first-come, first-served basis: users holding at least 170 Binance Alpha Points can participate in the airdrop on a first-come, first-served basis until the airdrop pool is allocated or the airdrop event ends. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed that the user has given up claiming the airdrop.
Hazeflow founder: Polychain made more than 4 times the profit by selling Celestia staking rewards
“Polychain invested about $20 million in Celestia and sold over $80 million worth of tokens through staking rewards alone,” Hazeflow founder Pavel Paramonov said on the X platform. “They realized more than 4x gains without having to sell their main investment.”
Cryptocurrency trading platform XeggeX announces it will close and file for bankruptcy
Crypto trading platform XeggeX announced on its official website that due to a hacker attack in February and other recent problems, XeggeX will be closed and file for bankruptcy. More information and legal contact information will be announced soon.
Grayscale updates Q3 Top 20 asset list: adds AVAX and MORPHO and removes LDO and OP
Grayscale Research has updated its list of Top 20 assets for the third quarter of 2025, adding AVAX and MORPHO to its top 20 assets while removing LDO and OP.
Important data
Vitalik's address sold 2 trillion DOG tokens in exchange for 4.43 ETH
According to Paidun monitoring, Vitalik's address sold 2 trillion DOG tokens in exchange for 4.43 ETH, worth about US$10,800.
According to SoSoValue data, yesterday (June 26, Eastern Time), the total net inflow of Bitcoin spot ETFs was $228 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF IBIT, with a single-day net inflow of $164 million. Currently, the total net inflow of IBIT has reached $52.156 billion. The second is Fidelity ETF FBTC, with a single-day net inflow of $32.8533 million. Currently, the total net inflow of FBTC has reached $11.795 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $133.532 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 6.23%, and the historical cumulative net inflow has reached $48.371 billion.
Bitcoin 'Satoshi-era' miners will only sell 150 Bitcoins in 2025
According to Cointelegraph, CryptoQuant data shows that on June 22, Bitcoin miners' daily income fell to $34 million, the lowest since April 20. Despite the decline in income, miners continue to increase their holdings, with the reserves of miners holding 100-1,000 BTC increasing by 4,000 to 65,000 since April. The computing power of the entire network has fallen by 3.5% in the past 10 days, the largest drop since the halving in July 2024. The report shows that "Satoshi-era" miners will only sell 150 BTC in 2025, a significant decrease from 10,000 in the same period of 2024. The daily outflow of miners has dropped from 23,000 in February to the current 6,000, and the number of BTC directly transferred to exchanges remains low. Analysts point out that the 48% operating profit margin supports miners' holding behavior. The current scale of miners' reserves is close to the level of November last year, when Bitcoin sold off after breaking through the historical high of $73,800.
According to on-chain analyst Yu Jin’s monitoring, a certain ETH staking whale/institution pledged 40,128 ETH in March last year and redeemed these ETH a month ago. Then in the past two weeks, a total of 41,400 ETH (worth $100 million) was dispersed and transferred to multiple CEXs, mainly HTX. However, when they pledged last year, the price of ETH was around $3,227, and now the price of ETH is only $2,417. In other words, they lost $28.8 million after staking for more than a year.
A whale deposited 1,613 bitcoins worth $173 million into Binance
According to Lookonchain monitoring, the giant whale 3NVeXm has just deposited 1,613 bitcoins (worth $173 million) into Binance.
Financing
OpenRouter, an AI model market platform, announced the completion of $40 million in seed and Series A financing, with a company valuation of approximately $500 million. This round of financing was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia and several well-known industry investors. The funds will be used for product development, introduction of new model types, and expansion of enterprise support. Founded in 2023 by Alex Atallah, co-founder and CTO of OpenSea, and Louis Vichy, OpenRouter provides a unified interface to connect more than 400 large language models (LLMs), helping developers and companies simplify multi-model integration. Since its launch, the company has attracted more than 1 million developers to use its API, and annual inference spending has increased from $10 million in October 2024 to more than $100 million in May 2025. Customers range from startups to multinational companies, supporting the routing of mission-critical traffic.
Bitcoin financial platform Castle completes $1 million Pre-Seed round of financing
Bitcoin financial platform Castle has completed a $1 million Pre-Seed round of financing, led by Boost VC, with participation from Winklevoss Capital, Park Rangers Capital, Epoch VC and some angel investors. The financing will be used for product development and market expansion. The platform provides an automated Bitcoin configuration solution for small and medium-sized enterprises, which can automatically convert corporate sales revenue into Bitcoin according to a set ratio. The platform has been integrated with payment tools such as QuickBooks and PayPal, and its customers cover industries such as catering, e-commerce, and real estate.
Byzanlink, a developer of RWA (real world asset) tokenization infrastructure in Dubai, has completed a $1 million private placement financing from investors including Outlier Ventures, NTDP Saudi, Smart IT Frame, Sensei Capital, and several individual investors, such as Smart IT Frame CEO Murali Kulala, Salla co-founder Salman Butt, and fintech investor Christopher. The new funds will accelerate product development and deepen cooperation with traditional finance and DeFi.
Cryptographic trust infrastructure Inference Labs completes $6.3 million strategic financing
Crypto trust infrastructure Inference Labs has completed a strategic financing of US$6.3 million, with participation from DACM and Delphi Ventures, and new investors such as Arche Capital and Lvna Capital, including a US$1 million community round led by Native Capital. The financing will be used to optimize circuit design and expand support for multiple proof systems, covering scenarios such as healthcare, finance, and DeFi that require trusted AI decisions. The "Proof of Inference" zero-knowledge proof protocol developed by the company can provide a decentralized verification layer for AI models, ensuring the verifiability of output results while protecting model privacy. The protocol test network has been launched, and the main network is planned to be launched at the end of the third quarter. It has currently reached strategic cooperation with decentralized AI protocols such as EigenLayer and Bittensor.
Private Equity Tokenization Platform Jarsy Completes $5 Million Pre-Seed Round of Financing
Jarsy, a private equity tokenization platform, has officially launched and completed a $5 million Pre-Seed round of financing led by Breyer Capital, with participation from Karman Ventures and several angel investors. The platform will use the financing funds to develop new products and strengthen compliance. The platform provides retail investors with the opportunity to invest in quasi-listed companies such as Stripe and Anthropic by issuing tokens anchored 1:1 to private company equity, with a minimum investment threshold of $10.
Niural Completes $31 Million Series A Financing, Dedicated to AI-Driven Global PEO Platform
Niural announced the completion of a $31 million Series A financing round led by Marathon Management Partners. Niural is reshaping global CFO and HR operations with the first AI-native PEO platform. Its end-to-end global PEO and payment platform is driven by its self-developed tax engine and AI collaboration tool EMMA, helping companies save more than 60 hours per month, reduce labor and foreign exchange costs by 50%, and reduce payroll errors by 90%. In the past year, Niural has achieved 700% ARR growth, and its customers include well-known companies such as Tensor and Polygon Labs. This round of financing will further promote its mission to build an AI intelligence hub for modern corporate CFOs.
Institutional holdings
Crypto mining company Bit Digital has raised $150 million to buy ETH
PANews reported on June 27 that according to The Miner Mag, crypto mining company Bit Digital has raised $150 million in a public offering to accelerate its pace of shifting from Bitcoin mining to Ethereum equity and funding operations. The company issued 75 million shares at $2 per share, and an additional 11.25 million shares are available to underwriters via 30-day options. The proceeds from the offering will be used to purchase Ethereum, one of the largest public ETH financial commitments to date. The fundraising formalized the company's strategic exit from the Bitcoin mining industry, and the company now plans to sell or close the business. As of March 31, Bit Digital held approximately 24,434 ETH and 418 BTC, and plans to fully convert its Bitcoin holdings into Ethereum over time. Earlier yesterday, it was reported that Bit Digital transformed into a pure Ethereum pledge company and adopted an Ethereum reserve strategy, and would shut down its Bitcoin mining business.
According to Onchain Lens monitoring, two institutions, Galaxy and Manifold, deposited a total of 30 million USDC into HyperLiquid and began to purchase HYPE.
Bitcoin Treasury Corporation, a Bitcoin financial company, announced that it has been listed on the Toronto Stock Exchange Venture Exchange and has completed the issuance of 426,650 shares. Together with the previous financing transactions, it has obtained a total of US$125 million in funds. After the fundraising transaction, Bitcoin Treasury Corporation announced that it had completed the first purchase of 292.8 BTC at a price of 43,127,353 Canadian dollars. These bitcoins have now been included in the company's balance sheet, which also means that the company's BTCT bitcoin holdings plan has officially started.
CoreWeave once again proposes to acquire Bitcoin mining company Core Scientific
According to The Block, citing the Wall Street Journal, cloud computing company CoreWeave has again proposed to acquire Bitcoin mining company Core Scientific, and the transaction may be completed within a few weeks. This is CoreWeave's second attempt to acquire after its $1 billion ($5.75 per share) acquisition offer in June 2024 was rejected. Influenced by this news, Core Scientific's stock price soared 28% that day, and its market value rose to approximately $3.6 billion. Core Scientific went public through a SPAC merger in January 2022, filed for bankruptcy protection in December of the same year due to the plunge in Bitcoin, and re-listed on Nasdaq after completing the reorganization last year. The two companies have previously signed a multi-year cooperation agreement, and Core Scientific will provide CoreWeave with approximately 200 megawatts of infrastructure to support its high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and cryptocurrency mining infrastructure.
Bakkt Holdings has submitted a $1 billion shelf offering application to the U.S. Securities and Exchange Commission (SEC). The proceeds from this fundraising are expected to be used for working capital and general corporate purposes. Part of the funds may also be allocated to Bitcoin or other digital assets based on the updated investment policy. Note: Shelf offering refers to a mechanism whereby the issuer registers once and issues multiple times based on the registration system for securities issuance.
LGHL Completes First Purchase of HYPE Tokens for $2 Million
Lion Group Holdings Limited (LGHL) announced that it has completed its first strategic purchase of Hyperliquid (HYPE) tokens for $2 million at an average price of approximately $37.30 per token. This acquisition is the first token purchase under the company's $600 million convertible bond financing . LGHL plans to continue to purchase tokens such as HYPE, Solana (SOL) and Sui (SUI) in the future to further expand its next-generation Layer-1 asset reserves.
