BitMine Ethereum treasury surged as BitMine Immersion Technologies added roughly 190,500 ETH (about $900 million), bringing its holdings to 1.71 million ETH — nearly $8 billion — and making it
Safety Shot, Inc. has completed a $30 million financing round backed by strategic investors, including FalconX. The transaction integrates a $5 million registered direct offering paid in cash with a $25 million private placement funded entirely through BONK tokens from the cryptocurrency's founding members. All shares in the deal were priced at $0.46 per share. The financing marks an important move for the beverage company as it pivots toward the digital asset sector through its collaboration with the BONK ecosystem. The transactions are scheduled to close on August 27, 2025, pending standard conditions. Strategic Partnership Creates Revenue Bridge This collaboration allows Safety Shot to acquire direct ownership in letsBONK.fun's revenue-generating operations. This approach differs from traditional crypto treasury strategies in providing immediate access to ongoing revenue streams rather than passive token holdings. Mitchell Rudy, known as ”Nom” and a key BONK founding figure, stressed the partnership's long-term vision. The leadership selected Safety Shot specifically to create what they describe as a first-of-its-kind bridge between decentralized finance and public markets. The transaction structure signals a strong idea from BONK's founding members. The company invested using its tokens rather than accepting cash payment. This demonstrates confidence in the partnership's potential. According to Safety Shot CEO Jarrett Boon, the investment is a landmark validation of the company's new strategic direction. The partnership brings industry expertise, extensive networks, and resources critical for successfully integrating letsBONK.fun operations. Dual Revenue Model Targets Long-Term Growth The financing creates what Safety Shot describes as a dual-engine revenue opportunity. The company will generate recurring income from letsBONK.fun's operations while building a substantial BONK token treasury using those revenues simultaneously. This plan represents a departure from simple cryptocurrency adoption by public companies. Instead of purchasing digital assets as treasury holdings, Safety Shot is acquiring operational control of revenue-producing platforms within the BONK ecosystem. Safety Shot is among the early public companies to actively integrate DeFi revenue streams into their business models. This pioneering approach could establish a template for other public companies seeking digital asset exposure beyond passive holdings. The registered direct offering utilizes Safety Shot's existing shelf registration statement filed with the SEC. The Form S-3 registration, effective since November 2022, enables the company to issue shares without additional regulatory delays.
The U.S. exchange-traded fund (ETF) market may soon see an expansion well beyond Bitcoin and Ethereum. In recent filings, 21Shares submitted proposals for an active crypto ETF, as well as 2x leveraged products for Dogecoin and Sui. An active ETF would give managers greater flexibility in adjusting holdings, a structure that could appeal to institutions seeking dynamic exposure to digital assets rather than passively tracking a single token. Meanwhile, the proposed leveraged DOGE and SUI funds reflect the increasing appetite for speculative, high-beta instruments within regulated frameworks. New filings from 21Shares for an active crypto ETF (something I think we'll see a ton of in next 12mos) and a 2x Doge and 2x Sui. pic.twitter.com/vJVM2OFXED — Eric Balchunas (@EricBalchunas) August 22, 2025 These products, if approved, would allow traders to gain returns from short-term movements in the underlying tokens, though they also carry greater risks. XRP ETF Filings Gain Momentum The most recent development came from multiple asset managers, including Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree, all of which filed amendments to their proposed spot XRP ETFs. The updates, submitted Friday, are designed to address feedback from the Securities and Exchange Commission (SEC) and demonstrate issuers’ willingness to comply with regulatory expectations. XRP has long been at the center of legal and regulatory debates, making these ETF applications a pivotal moment for the token’s future adoption on Wall Street. Approval would provide institutional investors with a direct, regulated avenue to gain exposure to XRP, potentially reshaping liquidity and market dynamics for one of the world’s largest cryptocurrencies. Grayscale Targets Avalanche With Nasdaq Listing Separately, Grayscale Investments filed a Form S-1 registration statement with the SEC to launch the Grayscale Avalanche Trust (AVAX). The trust seeks to track the price of Avalanche, with Coinbase Custody acting as custodian and Coinbase, Inc. serving as prime broker. This marks a continuation of Grayscale’s push to broaden its crypto product suite beyond Bitcoin and Ethereum. If approved, the AVAX trust would become one of the first U.S.-listed investment vehicles offering exposure to a layer-1 blockchain token outside the two dominant digital assets, showing a deeper integration of altcoins into mainstream finance. October Deadlines Could Be Crucial Regulators are expected to issue decisions on several pending applications in October, including products tied to Trump Media and Solana (SOL). With multiple issuers pressing forward and amendments rolling in, next month could prove to be a turning point for the crypto ETF landscape. The combination of active strategies, leveraged products, and potential approvals for altcoin ETFs suggests the industry is preparing for a new wave of investor demand. If the SEC moves forward, October may mark the start of the next crypto ETF boom. The post Dogecoin, XRP, SUI ETFs Incoming? October Could Spark Next Crypto ETF Boom appeared first on Cryptonews .
Strategy holds 3.012% of Bitcoin’s net supply after raising its treasury to 632,457 BTC, worth roughly $70.4 billion at current prices. The corporate accumulation makes Strategy the largest public corporate
BitcoinWorld Xapo Bank Executive Hire: Strategic Move as Tommy Doyle Joins Leadership Exciting news from the digital banking world! Xapo Bank, a pioneering licensed virtual asset currency provider and custodian, recently announced a significant Xapo Bank executive hire that is set to bolster its leadership team. This strategic move sees Tommy Doyle, a seasoned veteran from FalconX and Coinbase, stepping into a pivotal role. This development signals Xapo Bank’s continued commitment to strengthening its institutional offerings and client relationships. Who is Tommy Doyle, and What Does This Xapo Bank Executive Hire Mean? Tommy Doyle brings a wealth of experience to Xapo Bank, particularly in the fast-paced world of digital assets and institutional finance. Before this crucial Xapo Bank executive hire , Doyle led FalconX’s European business, a prominent digital asset prime brokerage that caters to institutional clients. His background also includes a significant tenure in hedge fund sales at Coinbase, one of the world’s largest cryptocurrency exchanges. These roles have equipped him with deep insights into the needs and complexities of institutional investors navigating the crypto landscape. At Xapo Bank, Doyle will assume the vital position of Head of Relationship Management. This role is instrumental in fostering strong connections with clients, ensuring their needs are met, and expanding the bank’s reach within the institutional market. His expertise will undoubtedly be a major asset. Why is This Xapo Bank Executive Hire a Game-Changer for Digital Banking? Xapo Bank operates as a unique entity in the financial world. It is not just a bank; it is also a licensed virtual asset currency provider and custodian. This means it offers traditional banking services alongside secure storage and management of cryptocurrencies, bridging the gap between fiat and digital assets for high-net-worth individuals and institutions. The appointment of Tommy Doyle as Head of Relationship Management underscores Xapo Bank’s focus on enhancing its service for sophisticated clients. His experience with institutional-grade crypto services at FalconX and Coinbase directly aligns with Xapo Bank’s mission to provide secure, regulated, and seamless financial solutions. Here’s why this Xapo Bank executive hire is so impactful: Strengthened Institutional Ties: Doyle’s network and understanding of institutional requirements will help Xapo Bank attract and retain more high-value clients. Enhanced Client Experience: His expertise ensures a refined approach to client relationship management, leading to better service and tailored solutions. Strategic Market Positioning: This move solidifies Xapo Bank’s position as a serious contender in the institutional crypto banking space, signaling its ambition for growth. Navigating the Future: What Challenges and Opportunities Lie Ahead for Xapo Bank? The digital asset industry is constantly evolving, presenting both immense opportunities and complex challenges. With this strategic Xapo Bank executive hire , the institution is clearly positioning itself to capitalize on the growing demand for regulated crypto banking services. Opportunities for Xapo Bank include expanding its global footprint, innovating new financial products that blend traditional and digital assets, and becoming the go-to platform for institutions seeking secure crypto solutions. However, challenges persist, such as navigating diverse regulatory environments, managing market volatility, and fending off increasing competition. Doyle’s leadership in relationship management will be crucial in addressing these. By building trust and understanding client needs, Xapo Bank can better adapt its offerings and maintain its competitive edge. This hire reflects a proactive strategy to thrive in a dynamic financial landscape. In conclusion, the Xapo Bank executive hire of Tommy Doyle is far more than just a personnel change; it represents a strategic advancement for the institution. By bringing in a leader with extensive experience in institutional crypto and client relations, Xapo Bank is reinforcing its commitment to growth, exceptional service, and navigating the future of digital banking with confidence. This move is a clear indicator of the bank’s ambition to solidify its standing as a premier provider in the virtual asset space. Frequently Asked Questions (FAQs) 1. What is Xapo Bank? Xapo Bank is a licensed virtual asset currency provider and custodian that offers a unique blend of traditional banking services and secure cryptocurrency management for high-net-worth individuals and institutions. 2. Who is Tommy Doyle? Tommy Doyle is a former FalconX executive who previously led their European business and also worked in hedge fund sales at Coinbase. He has now joined Xapo Bank as the Head of Relationship Management. 3. What is the significance of this Xapo Bank executive hire? This hire is significant because Tommy Doyle brings extensive experience in institutional crypto and client relations from prominent firms like FalconX and Coinbase, which will help Xapo Bank strengthen its offerings and expand its reach in the institutional digital asset market. 4. What does a Head of Relationship Management do at a crypto bank? A Head of Relationship Management is responsible for building and maintaining strong relationships with clients, understanding their financial needs, and ensuring they receive excellent service, particularly in the complex and evolving digital asset space. 5. What is FalconX? FalconX is a prominent digital asset prime brokerage that provides comprehensive trading, credit, and clearing services for institutional clients in the cryptocurrency market. Did you find this insight into Xapo Bank’s strategic move valuable? Share this article with your network on social media to keep others informed about the latest leadership changes in the exciting world of crypto banking! To learn more about the latest crypto banking trends, explore our article on key developments shaping institutional adoption in the digital asset space. This post Xapo Bank Executive Hire: Strategic Move as Tommy Doyle Joins Leadership first appeared on BitcoinWorld and is written by Editorial Team
Katsunobu Katō, a Minister of Finance of Japan, has recommended that the country create a supportive environment for the crypto ecosystem. According to Katō, Japan’s strategies in diversified investment should include cryptocurrencies. During a digital assets forum WebX2025 in Tokyo held on Monday, August 25, the financial minister highlighted digital assets’ capability to fit into broad portfolios. He also mentioned a list of risks encompassing the digital assets. To curb this, Katō stated that establishing a conducive investment atmosphere is essential in reducing these risks. In a statement, he acknowledged that “these crypto assets could be part of diversified investments.” Concerning the regulations for the innovation sector, the financial minister noted that they are burdensome and suffocating the sector. Hence, introducing crypto in the trading system will act as a new trade channel to enhance innovation without the availability of unnecessary obstacles. Japan intends to include crypto assets in its economic investment portfolio Minister Katō’s pro-crypto stance has raised controversy among individuals. For instance, in a recent X post, André Dragosch, a Director and Head of Research – Europe at Bitwise, asked whether Japan’s economic transition towards cryptocurrency oversight would enable the country to establish a strategic Bitcoin reserve. Considering Japan’s seriousness in venturing into crypto, US President Donald Trump’s son Eric Trump has reportedly eyed the country to expand his family’s Web3 business. Moreover, he will attend Metaplanet’s shareholder meeting, the second-largest corporate Bitcoin holder in Asian content. To mark the process of crypto adoption in Japan, research from reliable sources highlighted that last week, Japan’s Financial Services Agency (FSA) had approved the launch of a yen-denominated stablecoin, the country’s first stablecoin that is pegged to its yen. JPYC, a startup in Tokyo, will lead this project. Jamie Elkaleh, the Chief Marketing Officer at Bitget Wallet, also weighed in on the topic of discussion. According to Elkaleh, yen stablecoins are an important aspect of the economy. They could simplify cross-border transactions, attract institutional investors striving for efficiency, and offer liquidity for government bonds that serve as collateral. In the meantime, several significant improvement plans have been set for the crypto ecosystem. For example, profits achieved from the crypto sector in Japan are currently subjected to tax rates as high as 55%. However, relevant authorities intend to shift this sector to a different tax group, which would reduce this rating to 20%. The Japanese ruling party, the Liberal Democratic Party (LDP), has also pledged reforms such as implementing insider trading regulations similar to those applicable to stocks. This plan primarily prevents malicious actors from illegally accessing and benefiting from inside details. The WebX2025 event was scheduled for August 25 to 26 in Tokyo. Among the prominent figures present were Japan’s Prime Minister Shigeru Ishiba, Minister of Finance Katsunobu Kato, and the Governor of Tokyo Yuriko Koike. Industry executives such as Justin Sun, Changpeng CZ Zhao, Mike Novogratz from Galaxy, and Arthur Hayes from Maelstrom also attended the event. Japan implements new crypto initiatives to create a conducive environment for crypto Japan’s new crypto initiative aims to enhance retail investors’ confidence in the country’s domestic market, boosting their participation, and reigniting their trust in its financial system. This comes after Japan doubtfully disapproved of digital assets for several years. Another significant change in Japan’s trade framework is the categories put in place for digital assets. Suppose the digital assets are viewed as financial products under the Financial Instruments and Exchange Act. In that case, the relevant regulators will implement transparency and disclosure rules like those in the stock market. This action is anticipated to open the door for Japan’s first spot Bitcoin ETF, enabling it to align with the United States and Canadian markets closely. KEY Difference Wire helps crypto brands break through and dominate headlines fast
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