Author: Token Flash

DDC Enterprise Limited, a New York Stock Exchange-listed software provider, said it has closed a $528 million financing round aimed at expanding its Bitcoin holdingsDDC Enterprise Limited, a New York Stock Exchange-listed software provider, said it has closed a $528 million financing round aimed at expanding its Bitcoin holdings. The company described the raise as one of the largest single capital injections by a U.S. public company expressly for building a cryptocurrency treasury.Investors in the round include Anson Funds and other institutional backers, according to the company. DDC said the funds provide “immediate capital” to advance a previously announced strategy…

Bitget Wallet unveiled a partnership with Mastercard and payments infrastructure provider Immersve to launch the Bitget Wallet Card, a crypto-linked payment product that went live on 1 JulyBitget Wallet unveiled a partnership with Mastercard and payments infrastructure provider Immersve to launch the Bitget Wallet Card, a crypto-linked payment product that went live on 1 July. Available through the Bitget Wallet app, the virtual card links directly to users’ self-custodied wallets.Holders can spend Bitcoin and other digital assets at more than 150 million merchants that accept Mastercard, with purchases settled on-chain via real-time crypto-to-fiat conversions. Bitget said the card imposes no…

Circle Gateway unifies USDC held across different chains into a single balance with cross-chain liquidity. Circle has unveiled a new tool for developers that will allow holders of its USDC stablecoin access a unified balance across supported blockchains.In a blog post published today, July 1, the company announced Circle Gateway, which, when integrated into a service, lets users access their total USDC balance across different supported blockchains, without the need to bridge their stablecoins.CRCL is currently trading near $187 per share, up about 3% today, and over 500% from its IPO price. USDC currently has a market cap of over…

The U.S. Securities and Exchange Commission on 1 July approved Grayscale Investments’ proposal to convert its Digital Large Cap Fund into a spot exchange-traded fundThe U.S. Securities and Exchange Commission on 1 July approved Grayscale Investments’ proposal to convert its Digital Large Cap Fund into a spot exchange-traded fund, according to multiple crypto-industry publications. The new vehicle will hold Bitcoin, Ether, XRP, Solana and Cardano, offering investors diversified exposure to five of the market’s most-traded digital assets.The decision comes a day after the agency formally acknowledged Grayscale’s amended filing and represents the first clearance of a multi-asset spot crypto ETF…

The Bitcoin mining-focused company is now turning to Ethereum as a treasury asset.BitMine Immersion Technologies, known for focusing on Bitcoin network activities, announced plans to hold Ethereum (ETH) as its main treasury reserve asset, sending its shares 694% yesterday, according to Yahoo Finance data.BitMine’s stock price on June 30. Source: Yahoo FinanceIn an announcement yesterday, June 30, the public company said it had raised $250 million in a private share sale, aiming to use the proceeds to buy ETH. The funding round was led by MOZAYYX and included investors like Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG,…

Bitcoin slips below $107K as the Fed signals delayed cuts.The cryptocurrency market experienced volatility on Tuesday following United States Federal Reserve Chair Jerome Powell’s latest comments on interest rate cuts, as well as news that the Senate passed President Donald Trump’s so-called “One Big Beautiful Bill.”Bitcoin (BTC) is down 1.5% over the past 24 hours and is currently trading at around $106,000. Meanwhile, Ethereum (ETH) dropped 1.5% on the day to $2,430. Solana (SOL) declined by 6% to $147. XRP traded flat on the day at around $2.19. SOL 24-hour price chart. Source: CoinGeckoThe total cryptocurrency market capitalization has dropped…

The EVM-compatible Layer 2 solution will bring a verifiably decentralized alternative to the growing Bitcoin DeFi space. Botanix Labs, the team behind the Botanix Bitcoin Layer 2 announced the launch of the Botanix mainnet today, July 1, per a press release shared with The Defiant.The mainnet is launching with integrations from some familiar faces such as Chainlink and Fireblocks on the infrastructure side, and GMX on the decentralized application (dApp) side.The launch comes shortly after Botanix’s transition to an independent node-led governance and consensus mechanism, making the network a verifiably decentralized Bitcoin Layer 2 (L2). Some of these node operators…

The partnership, unveiled in Cannes, debuts new proof-of-index infrastructure.Centrifuge and S&P Dow Jones Indices today unveiled plans to launch the first tokenized S&P 500 Index fund, bringing the world’s most traded index on-chain.Centrifuge, a real-world assets (RWAs) tokenization platform, currently boasts a total value locked (TVL) of around $517 million and a market capitalization of $97 million, according to DeFiLlama data. Its RWA protocol is the 9th largest by TVL.The collaboration introduces new proof-of-index infrastructure, enabling S&P DJI-licensed asset managers to launch programmable, compliant index-tracking funds using official S&P 500 data, according to a press release viewed by The Defiant.The…

The move brings lower fees and higher earnings to traders and liquidity providers on one of crypto’s fastest chains.PancakeSwap has launched v3 liquidity pools on the Solana blockchain, offering cheaper trades and better yields for liquidity providers. PancakeSwap is a decentralized exchange (DEX) with a total value locked (TVL) of $1.9 billion, according to DeFiLlama.V3 refers to the third version of PancakeSwap’s liquidity protocol, launched in April 2023. At the time, PancakeSwap said it offered the “lowest fees in the industry for traders, increased fee returns for liquidity providers, and new tools that make the user experience even more seamless…

If approved, Circle would be permitted to act as its own custodian and also hold digital assets on behalf of institutional partners.Circle, the company behind USDC, the second-largest stablecoin by market capitalization, is applying to the Office of the Comptroller of the Currency (OCC) to create a national bank trust in the United States, according to a report from Reuters.If approved, Circle would be allowed to act as a custodian for its own reserves under the name First National Digital Currency Bank, N.A. – but would not be allowed to take cash deposits or make loans.The license would also allow…