Three prominent financial firms—VanEck, 21Shares, and Canary Capital—have formally challenged the U.S. SEC’s evolving approach to approving crypto exchange-traded funds (ETFs), emphasizing concerns over fairness and market growth. The firms
Davis Commodities (NASDAQ: DTCK) has taken a notable step by allocating $4.5 million of its recent $30 million fundraising round to Bitcoin, signaling growing institutional confidence in digital assets. This
Institutional Bitcoin ETF exposure declined by 23% in Q1 2025, signaling strategic profit-taking among major investors amid shifting market conditions. BlackRock’s iShares Bitcoin Trust (IBIT) experienced notable outflows after a
Crypto ETF issuers are urging the SEC to reinstate the “first-to-file, first-to-approve” rule, emphasizing fairness and innovation in the approval process for exchange-traded products. Leading asset managers VanEck, 21Shares, and
This week in crypto regulation, U.S. lawmakers and state officials drew attention across the digital asset sector with developments ranging from delayed disclosures and enforcement criticisms to landmark crypto-friendly legislation in California. The regulatory environment continues to evolve, sometimes sharply divided between federal hesitations and state-level innovation. Texas Congressman Slammed for Delayed Bitcoin Disclosure In a striking development, Texas Congressman Brandon Gill (R-TX) came under fire for failing to disclose his Bitcoin purchases in a timely manner . Congressman Brandon Gill (R-TX) is under fire for allegedly improperly disclosing recent Bitcoin transactions. #BrandonGill #DonaldTrump https://t.co/JbID89ntiW — Cryptonews.com (@cryptonews) June 3, 2025 According to a report from Open Secrets, Gill bought between $100,001 and $250,000 worth of Bitcoin on January 29 and February 27. However, the disclosures didn’t appear until May 30—well beyond the 45-day window mandated by the STOCK Act, which is designed to prevent insider trading by public officials. The freshman congressman’s failure to comply with basic transparency protocols has sparked criticism, particularly as lawmakers increasingly shape crypto policy. The delayed filings raise questions about oversight and ethical conduct amid the sector’s surging political relevance. Crypto advocates may see Gill’s holdings as a sign of growing interest within Congress, but his misstep shows the need for stricter accountability when digital assets enter the halls of power. SEC Chair Paul Atkins Calls Out Enforcement-First Approach Over in Washington, SEC Chair Paul Atkins delivered pointed remarks before the Senate Appropriations Subcommittee this week, criticizing the agency’s previous stance of “regulation-by-enforcement” toward crypto. BREAKING SEC Chairman Paul Atkins says his top priority is a clear, rational crypto regulatory framework —….. especially around custody & $XRP Clarity is coming. pic.twitter.com/30eyZLdwEg — 𝕏aif | (@Xaif_Crypto) June 3, 2025 Atkins argued that the former approach stifled innovation and inadvertently opened the door for fraudulent behavior to flourish. “Enforcement without clear rules sends the wrong message,” Atkins said, emphasizing the need for proactive, rules-based regulation. He also praised the SEC’s revamped Crypto Task Force, describing it as a key player in developing a more nuanced and transparent regulatory framework for digital assets. This shift in rhetoric from the SEC’s highest office marks a potential turning point in crypto regulation. For years, the agency’s ambiguous stance has frustrated industry players. Atkins’ testimony could pave the way for more constructive engagement with blockchain projects—if it results in real policy changes and not just regulatory lip service. California Leads With Progressive Crypto Legislation While federal agencies wrestle with regulatory philosophy and enforcement, California is pushing ahead with bold legislative moves that could redefine state-level crypto governance. The State Assembly passed Assembly Bill 1180 with unanimous support on June 2. The bill authorizes the Department of Financial Protection and Innovation (DFPI) to create a pilot program allowing state fees to be paid using digital financial assets. Assembly member Avelino Valencia, the bill’s sponsor, called the move “a turning point for public sector adoption of financial technologies.” This marks one of the most concrete steps by any U.S. state toward integrating crypto into official government operations. Should the bill progress into law, California could serve as a testing ground for broader crypto utility in public finance, potentially setting a template for others to follow. Hot on the heels of AB 1180, another bill —Assembly Bill 1052—also cleared the State Assembly in a 78-0 vote. AB 1052 seeks to modernize unclaimed property laws, particularly how dormant digital assets are handled. JUST IN : California Assembly passes bill to regulate Digital Assets under 'Unclaimed Property' law. The bill now moves to the Senate. Law explained: Assets left on an exchange for 3 years will transferred to the state, and can then be claimed by the owner. pic.twitter.com/u9XftO0XRy — Bitcoin Laws (@Bitcoin_Laws) June 4, 2025 If passed by the Senate, the law would prevent dormant crypto held by custodians (like exchanges) from being automatically liquidated. Instead, these assets would be safeguarded in their native form by a licensed custodian. This legislation specifically excludes self-custodied wallets from its reach, a key detail for privacy advocates and decentralization purists. Together, these two bills reflect a state legislature that understands the nuances of crypto and is willing to embrace its potential while mitigating risk. SEC Secures $1.1M Judgment in Crypto Fraud Case Elsewhere, the SEC notched a courtroom win against bad actors in the crypto space. A federal judge in Georgia issued a default judgment on June 3 against Keith Crews, who was accused of orchestrating a fraudulent crypto investment scheme. Crews failed to respond to the SEC’s lawsuit, resulting in a $1.1 million penalty that includes disgorged profits and civil fines. This case reinforces the agency’s ongoing commitment to enforcement, especially against blatant scams and fraudulent offerings. While Atkins may be steering the SEC away from broad, punitive enforcement as a policy default, this judgment shows that the agency won’t hesitate to act decisively against clear misconduct. State vs. Federal—A Diverging Path? This week’s developments present a revealing contrast. On one hand, California is emerging as a trailblazer in creating thoughtful crypto legislation, focusing on utility and protection. On the other, federal lawmakers continue to grapple with oversight lapses and internal tensions on how best to regulate the space. Congressman Gill’s disclosure mishap illustrates the regulatory gaps in the nation’s capital, while SEC Chair Atkins’ comments suggest a changing of the guard in federal crypto policy. Meanwhile, the SEC’s ongoing enforcement actions indicate that investor protection remains a top priority, even as the agency explores more collaborative approaches. The post Crypto Regulation Shake-Up: SEC Wins $1.1M Fraud Case as California Trials Bitcoin Fees appeared first on Cryptonews .
Few crypto executives have the résumé of Vakhtang Abrahamyan: decades in central banking, now leading a global Web3 company. At Bitcoin 2025, we talked about Fastex’s expansion, RWA tokenization, exchange security, and more. An Interview With Vakhtang Abrahamyan I sat down with Fastex CEO Vakhtang Abrahamyan at the Bitcoin Conference 2025, this year in Las
After a sudden bearish market wave, Bitcoin seems to have lost its upward momentum as the flagship asset dropped sharply to key support levels, which could influence its price and market dynamics. Although bearish pressure has grown strong, it has not hindered Bitcoin’s network activity growth. On-Chain Activity For Bitcoin Goes Wild Bitcoin’s price is exhibiting bearish performance, but its network activity has shown notable growth in the past few days. A recent report from Santiment, a leading on-chain data analytics platform, reveals that the BTC blockchain is thriving this week, as on-chain activity improves. This fresh burst of blockchain energy suggests a robust engagement and interest from users. It also reflects growing bullish conviction among long-term and new players , which may herald the start of a more active market period. Following weeks of sluggish activity, key metrics such as newly active addresses and circulated coins have increased sharply again. According to Santiment, the recent surges in these areas are observed to be the highest daily network growth and coin circulation spikes of the year. Data from the platform shows that over 556,8830 wallet addresses were created on May 29, marking its top level since December 2, 2023. Meanwhile, on June 2, the Bitcoin network witnessed its biggest circulation day since December 8, 2024, with 241,360 coins circulated. Santiment highlighted that the growth in BTC’s network on-chain activity is generally positive for the flagship asset. Thus, the platform contends that the development is crucial to monitor closely as the broader crypto market ranges. These spikes coincided with bearish pressure, causing BTC to hover just below the $105,000 price mark . However, the flagship asset has now lost this level completely, triggering a continuation of the current downward trend to the next critical price points. While BTC’s price has fallen sharply below the level, Ali Martinez, a crypto and on-chain analyst, has pointed out two key zones at $103,250 and $101,000 acting as crucial areas of support. Presently, Bitcoin has dropped close to the $103,250 zone, leaving $101,000 as the next strong area of support to watch out for. BTC Major Investors Exhibiting Bullish Sentiment Even though BTC has declined alongside a waning market action, bullish sentiment is starting to return among the largest investors . Glassnode, an on-chain data and financial platform, reported this shift in big investor behavior, indicating renewed interest in BTC. The platform highlighted that the largest investors, those holding 10,000 BTC and more, are making a comeback in the accumulation game after briefly leaning toward distribution. Such growing buying pressure among these whales implies institutional confidence in Bitcoin’s long-term prospects. Data shows that all wallet cohorts exhibit different levels of buying, with the strongest activity spotted among the 10–100 BTC and
BitcoinWorld Davis Commodities Secures $4.5M Strategic Bitcoin Investment In a significant move signaling growing institutional confidence in digital assets, Davis Commodities (NASDAQ: DTCK) has announced a strategic allocation of funds towards Bitcoin. Following a successful $30 million fundraising round, the company has earmarked 15% of these proceeds, totaling $4.5 million, specifically for acquiring Bitcoin (BTC). This decision, detailed in a recent Globe Newswire press release, positions Davis Commodities among a growing list of publicly traded companies adding the premier cryptocurrency to their balance sheets. But why are companies like Davis Commodities making this move now, and what does it signify for the broader market? Why Davis Commodities is Investing in Bitcoin The press release highlights several key reasons behind Davis Commodities’ decision to build Bitcoin reserves: Enhancing Asset Allocation: Diversifying treasury assets beyond traditional holdings like cash and short-term bonds. Improving Flexibility: Gaining exposure to a potentially high-growth, uncorrelated asset class. Hedging Against Inflation: Utilizing Bitcoin’s perceived store-of-value properties in an environment of economic uncertainty and potential currency devaluation. This strategy aligns with the rationale provided by other corporations that have previously adopted Bitcoin. The Rise of Corporate Bitcoin Adoption The trend of companies holding Bitcoin on their balance sheets gained significant momentum in recent years. Pioneered by firms like MicroStrategy, this movement has seen various companies across different sectors explore or implement similar strategies. While the scale of investment varies greatly, the underlying motivations often revolve around macroeconomic concerns and the potential long-term value appreciation of Bitcoin. Davis Commodities’ $4.5 million allocation, while modest compared to some larger corporate treasuries, represents a clear statement of intent and a belief in Bitcoin’s role as a legitimate store of value and a component of a modern treasury strategy. It adds another data point to the increasing institutional adoption narrative. Understanding BTC Reserves for Corporations For companies, establishing BTC reserves isn’t just about buying cryptocurrency; it involves navigating various considerations: Benefits: Potential for significant appreciation, boosting treasury value. Diversification away from traditional financial risks. Attracting investors interested in crypto-exposed stocks. Acting as a hedge against inflation and currency debasement. Challenges: High price volatility, potentially leading to significant paper losses. Regulatory uncertainty across different jurisdictions. Custody and security risks associated with holding digital assets. Accounting and tax complexities. Companies must weigh these factors carefully before committing capital to Bitcoin. What Does This Mean for Davis Commodities and Investors? For Davis Commodities, this move integrates them into the digital asset landscape. It signals a forward-thinking approach to treasury management and could potentially appeal to a new segment of investors interested in companies with exposure to the crypto market. The $4.5 million represents a portion of their newly raised capital, indicating a deliberate strategic choice rather than an impulsive decision. For investors in Davis Commodities, this introduces a new variable. The company’s performance may now be influenced, to some extent, by the price movements of Bitcoin. It also raises questions about the company’s long-term digital asset strategy – is this a one-time purchase, or the beginning of a larger allocation over time? Institutional Adoption Continues to Grow The investment by Davis Commodities is another piece of evidence supporting the narrative of increasing institutional adoption of Bitcoin. While retail interest often drives headlines, corporate and institutional investments provide a layer of stability and legitimacy to the asset class. Each new company adding Bitcoin to its balance sheet contributes to its maturity and acceptance within the traditional financial system. This trend is being watched closely by market participants, as significant corporate holdings can influence supply dynamics and market sentiment. The move by Davis Commodities, a company seemingly outside the core tech or finance sectors typically associated with early crypto adoption, is particularly noteworthy. Actionable Insights What can readers take away from this development? Monitor Corporate Filings: Keep an eye on press releases and financial reports from publicly traded companies for similar announcements. Assess Company Strategy: Understand why a company is investing in Bitcoin – is it a treasury hedge, an investment, or part of a new business line? Consider Portfolio Diversification: While not financial advice, the trend of corporate diversification into Bitcoin prompts individuals to consider their own asset allocation strategies. Stay Informed: The landscape of corporate digital asset holdings is constantly evolving. Conclusion: A Strategic Step for Davis Commodities Davis Commodities’ decision to allocate $4.5 million of its recently raised capital to Bitcoin reserves marks a strategic pivot towards digital assets. Driven by goals of enhanced asset allocation, improved flexibility, and inflation hedging, this move places the company squarely within the burgeoning trend of corporate Bitcoin adoption. While challenges exist, the potential benefits in terms of diversification and long-term value preservation appear to be compelling enough for companies like Davis Commodities to take the plunge. This development further solidifies Bitcoin’s position as a credible asset class attracting attention beyond traditional crypto circles. To learn more about the latest corporate Bitcoin adoption trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Davis Commodities Secures $4.5M Strategic Bitcoin Investment first appeared on BitcoinWorld and is written by Editorial Team
VanEck, 21Shares and Canary Capital recommended the SEC review its crypto ETF approval rules
MicroStrategy (now Strategy) announced today that it has priced its initial public offering of 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share. A total of 11,764,700 STRD shares will be offered to investors within the scope of the public offering. The Company expects to receive net proceeds from this offering of approximately $979.7 million, net of commissions and other expenses to be paid to brokerage firms. The issuance and sale of shares are expected to be completed on June 10, 2025, subject to customary closing conditions. Related News: BREAKING: Much-Anticipated US Nonfarm Payrolls and Unemployment Data Released MicroStrategy announced that the income will be used for general corporate purposes, and that it is particularly aimed to meet Bitcoin purchases and working capital needs. MicroStrategy currently holds 580,955 BTC worth $60.76 billion. They were purchased at an average price of $70,046. The company has an unrealized profit of $20 billion from its Bitcoin investments to date. *This is not investment advice. Continue Reading: Big Bull Michael Saylor’s Company Strategy Shares New Bitcoin Purchase Move