News & Research

Flowdesk, a digital asset trading and technology firm, has secured a $100 million credit facility from digital asset lending firm Two Prime Lending Limited, according to a press release on Business Wire. The funding will support Flowdesk’s global expansion and the development of its capital-efficient trading infrastructure. The facility, structured as a multiple drawdown term loan, is backed by a portion of Flowdesk’s Bitcoin holdings and carries an initial 365-day term, with an option to extend subject to lender approval.

Npay, a payment platform affiliated with South Korean tech giant Naver, has initiated efforts to support Korean won-based stablecoins, according to local news outlet Edaily. The project involves forming a financial consortium to build specialized infrastructure aimed at advancing the stablecoin ecosystem.

StormX, a blockchain-based rewards platform, announced on X that it has filed for Chapter 7 bankruptcy in a U.S. court under case number 25-10730(BLS). Chapter 7 bankruptcy permits the liquidation of a debtor’s assets to repay creditors. According to this announcement, creditors must file claims directly through the court’s website, as no claims agent is involved.

Sixty Six Capital, a Canada-listed investment firm focused on crypto and AI assets, has purchased an additional 18.2 Bitcoin (BTC) for CAD 2,634,450 (around $1.92 million) using cash and assets from its balance sheet. According to a press release on Newsfile, the company currently holds the equivalent of 113 BTC via the Canadian ETF BTCC.B and plans to convert these into direct BTC holdings.

Tether CEO Paolo Ardoino projected during an appearance on The Block’s Big Brain podcast that one trillion AI agents will use USDT and Bitcoin to settle trades within the next 15 years. He also envisioned a future where each AI agent possesses its own crypto wallet.

U.S. President Donald Trump said he has started interviewing candidates for the next Federal Reserve chair and has narrowed his choices down to three or four people, according to Solid Intel on X.

U.S. President Donald Trump is expected to begin talks with Iran next week in an effort to prevent further progress in its nuclear program, according to Solid Intel on X.

GameStop has raised an additional $450 million through a follow-on sale of convertible senior notes, bringing the total fundraising from its mid-June offering to $2.7 billion. According to CoinDesk, the capital will be used for corporate purposes, including acquiring Bitcoin (BTC) as a treasury reserve asset.

U.S. President Donald Trump said he believes the Iran-Israel war has come to an end, according to Walter Bloomberg on X.

Unitronix Corp. (OTC: UTRX) has announced its decision to include Bitcoin (BTC) in its cryptocurrency investment portfolio, with plans to allocate up to $2 million for the asset, according to PR Newswire press release.