Australian Pension Fund Eyes Bitcoin Access for Members

Shares in ETHZilla surged 14% after meme stock influencer Capybara Stocks invested in the firm, urging executives to buy back shares. Following his open letter, ETHZilla sold Ethereum to repurchase shares, boosting value for shareholders.

Yuga Labs announced the opening of the Koda Nexus, a social hub in the Bored Ape Yacht Club-themed metaverse, at ApeFest in Las Vegas. The Nexus launch is part of a three-layer approach, including a gaming layer and the Otherside Development Kit for creators.

MegaETH's ICO auction was oversubscribed in just five minutes, attracting $350 million in pre-deposits with a $7 billion fully diluted valuation. Over 100,000 users completed KYC procedures for the Ethereum layer-2 network, anticipating allocations next week.

American Bitcoin (ABTC) has acquired 1,414 Bitcoin worth $163 million through strategic purchases and mining, increasing its holdings to 3,865 Bitcoin valued at about $446 million. The company's treasury approach remains aggressive despite market uncertainties and fluctuations in Bitcoin's price.

Inflows of $921 million into digital asset investment products were recorded last week, driven by optimism about potential U.S. interest rate cuts. Investor confidence was boosted by lower-than-expected consumer price index data, leading to strong trading volumes in exchange-traded products (ETPs).

A Senate resolution condemning President Trump's pardon of Binance founder CZ Zhao is backed by Senators Warren and Schiff. The pardon, following Zhao's guilty plea to violating anti-money laundering laws, has raised concerns about conflicts of interest and influence-peddling.

Citi and Coinbase are collaborating to enhance digital-asset payment capabilities for the bank's institutional clients, aiming to streamline fiat pay-ins and payouts and bridge traditional finance with crypto on- and off-ramps. The partnership reflects a shift in the financial landscape towards innovative payment options for global clients.

BitMine Immersion Technologies increased its Ethereum holdings by $321 million last week, now totaling 3.313 million ETH valued at over $13.8 billion. The company's stock is also on the rise, climbing over 5% on Monday.

IBM has partnered with Dfns to launch IBM Digital Asset Haven, a platform for governments and institutions to manage digital assets securely. The platform aims to streamline operations by offering features like wallet creation, transaction execution, and secure key management.

Strategy disclosed a $43 million Bitcoin purchase, increasing its holdings to 640,800 Bitcoin worth $73.6 billion. The company's stock rose 1.9% to $294 post-purchase, despite a 4.8% drop over the past month.