Bitcoin-Backed Loans Now Offered by Jack Mallers' Strike to US Customers, Expanding to Europe Soon

Sora Ventures plans to raise $1 billion to boost Bitcoin treasuries in Asia, starting with $200 million from partners. The fund aims to accumulate an additional $800 million for BTC over the next six months, acting as a central pool of institutional capital.

An Ethereum whale, who acquired one million ETH during the 2015 ICO, recently transferred $645 million to a staking service from three wallets. Despite this movement, the whale still holds $1.1 billion worth of ETH, reflecting investor optimism in Ethereum's future.

Ethereum revolutionized the blockchain industry with smart contracts, DAOs, NFTs, and dapps. Despite facing challenges like high fees and scalability limits, Ethereum powers DeFi and NFTs.

SharpLink Gaming plans to diversify its staking vehicles by exploring opportunities on Ethereum layer-2 network Linea. The company currently stakes almost all of its $3.6 billion Ethereum holdings through custodians but aims to seek higher-yield options.

The Astana Financial Services Authority (AFSA) in Kazakhstan has initiated a pilot program allowing firms to pay regulatory fees using US dollar-pegged stablecoins, with Bybit being the first participant. This move aims to position Kazakhstan as a regional hub for digital finance innovation.

The market-to-net asset value (mNAV) for digital asset treasury (DAT) companies like BitMine and SharpLink Gaming has fallen below 1, signaling potential challenges for future capital inflows. This drop in mNAV is attributed to Ethereum's price volatility and the pressure from relentless ATM share sales.

David Bailey's bitcoin treasury company Nakamoto (NAKA) suffered a 90% crash in share price and mNAV, with more shares set to enter the market soon. Investors are questioning Bailey's ability to turn the company around after its significant decline since May.

SEC chair Paul Atkins and CFTC acting chair Caroline Pham proposed a "24/7 Markets" policy to align U.S. markets with the continuous activity of crypto and other global exchanges. The agencies may not adopt a uniform approach, considering the viability across different asset classes.

Tether is considering investing billions in the gold industry, engaging in discussions with various mining and investment groups. The company already holds a significant stake in a Canadian firm that acquires revenue streams from gold mines.

Trump Media and Technology Group closed a purchase agreement with Crypto.com for 684.4 million Cronos tokens, valued at $105 million split between cash and stock. The tokens will be used as rewards in Truth Social and Truth+ platforms, with both companies committing to a lock-up period.