News & Research

Six major Japanese asset management firms have expressed interest in launching cryptocurrency funds, DL News reported. This development comes as Japan's Financial Services Agency considers a proposal to allow the establishment of crypto investment trusts. The firms reportedly showing interest include Mitsubishi UFJ Asset Management, Nomura Asset Management, SBI Global Asset Management, Daiwa Asset Management, Asset Management One, and Amundi Japan.

Nasdaq-listed Bitcoin miner Cipher Mining announced it will issue an additional $333 million in senior secured notes. The proceeds will be used to fund further construction of its Barber Lake mining facility near Colorado City, Texas.

Prominent U.S. hedge fund manager Ray Dalio told CNBC that he allocates about 1% of his portfolio to Bitcoin. He noted that Bitcoin's primary issue is its inability to become a reserve currency for major nations, explaining that this is because the cryptocurrency is traceable and potentially vulnerable to control or hacking by quantum computing.

Metaplanet announced via X that it will issue $150 million in preferred stock to purchase Bitcoin.

An address believed to belong to Sharplink Gaming, a Nasdaq-listed strategic investor in ETH, deposited 5,533 ETH ($16.52 million) to a Galaxy Digital over-the-counter (OTC) address approximately three hours ago, EmberCN reported. Over the past two days, the same address has sent a total of 10,975 ETH ($33.54 million) to Galaxy Digital.

21Shares is set to launch a spot SOL exchange-traded fund (ETF) today, according to Bloomberg ETF analyst Eric Balchunas. The fund will debut with $100 million in initial assets under management.

The end of the U.S. government shutdown is expected to lead to a wave of cryptocurrency ETF launches, according to Matt Hougan, CIO of Bitwise. In an interview with CNBC, he stated that the resumption of government operations will spur legislation in the crypto sector, triggering the release of related investment products like ETFs. Hougan said he personally expects the launch of over 100 such products, with particularly strong growth anticipated for index-based crypto ETPs.

An address linked to BlackRock's spot Bitcoin ETF (IBIT) has transferred 6,735 BTC, worth $610 million, to Coinbase Prime over the past 15 minutes, according to Onchain Lens. Around the same time, the address also sent 64,706 ETH ($190 million) to the same destination. Onchain Lens noted that it is highly likely the IBIT address will make additional transfers. Coinbase Prime is a prime brokerage platform that provides large-scale trading and custody services for institutional investors.

Oracle solutions provider RedStone (RED) announced it has deployed its oracle models on the public testnet for GIWA, a proprietary OP Stack-based Layer 2 blockchain developed by South Korean crypto exchange Upbit. GIWA builders can now access RedStone's data feeds on the testnet.

U.S. hedge fund Renaissance Technologies has disclosed a holding of $46 million in Strategy stock, according to BitcoinTreasuries.