News & Research

Dutch cryptocurrency service provider Amdax announced that it has raised $23.4 million, which it plans to use for strategic investments in BTC.

Luxury fashion brand Gucci will begin accepting cryptocurrency payments, including ETH and DOGE, at select stores in the United States, SolidIntel reported.

Crypto gaming technology startup PlaysOut is considering raising up to $15 million at a valuation of $150 million, Bloomberg reported. According to people familiar with the matter, the company is currently in discussions with Middle Eastern sovereign wealth funds and global venture capital firms about the potential investment. PlaysOut is also a partner of Tencent, China's largest IT company.

Digital asset manager CoinShares posted a net profit of $32.4 million for the second quarter, a 5.3% decrease from the prior quarter but a 1.9% increase year-over-year, The Block reported. Meanwhile, the firm’s assets under management grew 26% quarter-over-quarter to $3.5 billion, driven by rising prices for BTC and ETH.

An analysis suggests that Bitcoin could face a correction down to the $103,000 level if it fails to reclaim $114,000 over the weekend. According to Cointelegraph, cryptocurrency trader and YouTuber Sam Price stated that BTC has been in a bearish trend for three consecutive weeks since hitting a new all-time high. He noted that while the $109,000 support level is holding, the decline could deepen if this week's close is below $114,000. Analyst Rekt Capital, who has 550,000 followers, echoed this sentiment, emphasizing that BTC must reclaim the $114,000 support level to avoid a prolonged correction.

Ethereum network activity surged in August, with monthly adjusted on-chain transaction volume surpassing $320 billion, according to The Block. This figure, which represents the total value of transactions on the network, marks the highest level recorded since May 2021.

Cryptocurrency ETP issuer 21Shares announced the launch of a Hyperliquid (HYPE) exchange-traded product on the SIX Swiss Exchange. The product will trade under the ticker HYPE and carries an annual management fee of 2.5%.

Bitcoin's market capitalization has now surpassed the combined market caps of Visa and Mastercard, the two largest companies in the global payments industry, Bitcoin Magazine reported via X. According to CoinMarketCap, BTC's current market cap is approximately $2.1819 trillion.

Hong Kong-listed company LineKong announced it purchased approximately $7.85 million in cryptocurrencies during the first half of the year, acquiring 63 BTC, 330.5 ETH, and 6,691.7 SOL.

Eric Trump, the second son of U.S. President Donald Trump, stated that Bitcoin will without a doubt surpass $1 million, according to Bitcoin Magazine. He made the remarks at the Bitcoin Asia 2025 conference in Hong Kong.