News & Research

Kuru Labs, developing a decentralized exchange (DEX) on the Ethereum-compatible Monad layer-1, raised $11.5 million in a Series A round led by Paradigm, according to The Block. The platform combines automated market maker (AMM) and central limit order book (CLOB) models to ensure native liquidity without relying on traditional market makers.

U.S. Bitcoin miner Bit Digital (Nasdaq: BTBT) sold 280 BTC and used the proceeds to purchase additional Ethereum, increasing its holdings to 100,603 ETH. The company previously announced plans to scale back its Bitcoin mining operations and focus on Ethereum staking and reserves, according to Jin10.com.

U.S. stock markets have opened lower today. S&P500: -0.32% NASDAQ: -0.49% Dow: -0.06%

Canaan (CAN), a Nasdaq-listed Chinese crypto mining equipment manufacturer and mining company, announced it mined 88 BTC in June, despite weather-related disruptions and maintenance. As of June 30, the company held a record 1,484 BTC, highlighting its financial strength and commitment to accumulating Bitcoin, according to PR Newswire.

Genius Group (NYSE American: GNS) announced it has raised its Bitcoin treasury goal from 1,000 to 10,000 BTC, aiming to reach it within 12–24 months through a mix of funding strategies, according to the GlobeNewswire press release. The company reported a 74% BTC yield since resuming purchases in May and plans to continue growing both its Bitcoin holdings and Bitcoin per share for shareholders.

NYSE-listed e-commerce company DDC Enterprise acquired 230 more Bitcoin at an average price of $90,764 per BTC, raising its total holdings to 368 BTC, according to Business Wire. The company reported a 48.3% yield increase since its previous purchase in mid-June, underscoring its strategy to integrate Bitcoin as a key treasury asset.

GPU cloud provider CoreWeave has announced plans to acquire cryptocurrency mining firm Core Scientific in an all-stock transaction, according to Odaily. The deal values Core Scientific at $9 billion, with the agreed exchange ratio determining the transaction’s terms.

Real estate developer Murano Global Investments (NASDAQ: MRNO) has revealed plans to enhance its corporate strategy by building a Bitcoin (BTC) treasury. The company has purchased 21 BTC to date and aims to leverage operating cash flows and capital markets to expand its holdings, Cointelegraph reported.

BitFuFu (NASDAQ: FUFU), the cloud mining platform under Bitmain, reported it mined 445 BTC in June, up 11% from May, increasing its total holdings to 1,792 BTC, according to GlobeNewswire press release. The company’s hashrate grew to 36.2 EH/s and power capacity to 728 MW as of June 30.

Strategy announced on its official website an at-the-market (ATM) program to sell up to $4.2 billion of its 10% Series A Perpetual STRD Preferred Stock. Proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital and dividend payments.