PA Daily | Binance will delist ALPHA, BSW and 5 other Tokens; Bitcoin Spot ETF has seen a net inflow for 12 consecutive days.

Today's news highlights:

Cboe BZX Exchange has submitted a 19b-4 application to the SEC for the Canary PENGU ETF.

Fannie Mae and Freddie Mac have been instructed to explore ways to incorporate cryptocurrency into their mortgage risk assessment assets.

Binance will delist 5 tokens including ALPHA and BSW on July 4.

LTO and KMD fell by about 40%, while ALPHA, BSW, and LEVER saw varying degrees of increase.

The total net inflow of Bitcoin spot ETFs yesterday was $548 million, continuing a 12-day net inflow.

Binance's monthly Bitcoin inflow has dropped to 5,700 BTC, less than 50% of the monthly average since 2020.

The publicly traded company SharpLink Gaming has continued to purchase 5,989 ETH through Galaxy Digital over the past day.

Zama completes $57 million Series B financing with a valuation of $1 billion, led by Pantera Capital and others.

Regulatory/Macro

Huobi co-founder Yuan Dawei acquired all Class B shares of the US-listed company MFI for 7.8 million USD.

According to a filing by the U.S. Securities and Exchange Commission (SEC), Dawei Yuan, the former co-founder of Huobi, successfully acquired all Class B common shares of the publicly listed company mF International Limited (MFI) through his company Fire Lucky Investment Co., Ltd., totaling 9,046,892 shares, which represents 100% of that class of shares, at a total price of $7.8 million. Dawei Yuan, as the sole director, officer, and shareholder of Fire Lucky, indirectly holds all the acquired Class B shares. This acquisition has made Fire Lucky hold approximately 68.3% of the common shares in mF International.

The Moscow Exchange will launch cryptocurrency funds and structured bonds to follow up on the introduction of Bitcoin futures.

According to Cryptonews, Vladimir Krekoten, the General Manager of the Moscow Exchange, revealed that following the launch of Bitcoin futures on June 4, the exchange is set to introduce futures contracts based on a Bitcoin index and is preparing to launch a crypto index fund and structured bonds. Krekoten stated that market enthusiasm has prompted the exchange to accelerate the rollout of more crypto derivatives, and discussions are currently ongoing with asset management companies to launch a crypto index mutual fund and structured bonds, pending approval from regulatory authorities. The exchange has also developed a new Bitcoin index as the underlying asset for derivatives, with related calculations starting from June 10. Data shows that the platform's first Bitcoin futures (linked to BlackRock's IBIT ETF and settled in rubles) have accumulated a trading volume of 7 billion rubles (approximately $89.45 million) in three weeks since listing, attracting over 10,000 qualified investors.

Hong Kong stocks Victory Securities short line surged over 150%

According to reports from Interface News, Hong Kong stock Victory Securities (08540.HK) has seen a short-term surge of over 150%. On the news front, First Financial cited the views of industry insiders directly involved in the virtual asset license application and system integration, indicating that several local Hong Kong brokers (such as Victory Securities, Ade Securities, etc.) have completed the upgrade of License No. 1.

Several local brokers in Hong Kong have completed the upgrade to License No. 1, and more institutions may join in the future.

According to a report from Gelonghui, insiders directly involved in the application for virtual asset licenses and system integration have revealed that several local Hong Kong brokerages (, such as Victory Securities (8540.H) and Ade Securities, among others ), have completed the upgrade of License No. 1. Guotai Junan International is not the only Chinese-funded brokerage applying for a license, and more institutions may enter the market in the future. Brokerages mainly provide "distribution" type trading services, rather than operating their own trading exchanges. Specifically, their model involves setting up a comprehensive account ( Omnibus Account ) within a licensed exchange, providing clients with trading channels for mainstream compliant cryptocurrencies such as BTC and ETH through the integration of trading systems, without involving high-risk altcoins or tokens. Currently, several local brokerages have launched similar distribution services, and their compliance requirements regarding client due diligence ( KYC ), suitability management, and investor education are fundamentally consistent with Guotai Junan International, and all prohibit residents of mainland China from participating in trading.

Kraken has obtained a MiCA license in Ireland, allowing it to provide compliant cryptocurrency services across the EU.

According to Cointelegraph, the cryptocurrency exchange Kraken announced that it has obtained a MiCA license issued by the Central Bank of Ireland, allowing it to provide compliant cryptocurrency services in 30 EU member states. This is another key compliance milestone for Kraken, following its acquisition of an electronic money institution license in 2023 and MiFID authorization in February 2025. Kraken's co-CEO stated that this license will help the platform expand into the EU market.

Invesco and Galaxy submit new documents to the SEC to join the Solana ETF competition

According to The Block, investment management firm Invesco has submitted a Solana ETF registration application to the U.S. Securities and Exchange Commission (SEC) in partnership with crypto company Galaxy Digital, intending to list it on the Cboe BZX exchange under the code "QSOL." Invesco will act as the fund sponsor, BNY Mellon will serve as the administrator, Galaxy will be responsible for token procurement, and Coinbase will custody the SOL assets. Currently, multiple companies are applying for a Solana ETF, including VanEck, Bitwise, and 21Shares.

Coinbase has launched wrapped tokens cbADA and cbLTC for Cardano and Litecoin on Base.

According to a report from Cryptoslate, Coinbase announced early this morning the launch of packaged tokens cbADA and cbLTC for Cardano and Litecoin, respectively, on its Layer 2 network Base, completing the previously announced issuance plan for four types of packaged tokens (including cbDOGE and cbXRP launched earlier in June). Currently, on-chain reserve proof shows that 11,364 LTC and 2,963,259 ADA have been locked as underlying assets in the custody address.

Cboe BZX Exchange has submitted a 19b-4 application to the SEC for the Canary PENGU ETF.

Cboe BZX Exchange has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) for the Canary PENGU ETF. The document states in the "text of proposed rule change" section that, pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, 19(b)(1), and Rule 19b-4 thereunder, Cboe BZX Exchange proposes to list and trade shares of the Canary PENGU ETF under BZX Rule 14.11(e)(4) (Commodity Trust Shares).

Fannie Mae and Freddie Mac have been instructed to explore ways to incorporate cryptocurrency into mortgage risk assessment assets.

According to a report by Bloomberg, Bill Pulte, director of the Federal Housing Finance Agency (FHFA), has ordered Fannie Mae and Freddie Mac to develop plans to include cryptocurrencies in the asset category for mortgage risk assessment. The directive requires both agencies to study how to allow borrowers to count cryptocurrencies held in U.S.-regulated centralized exchanges as assets without cashing them out in advance. Currently, this policy is still in the early stages, and relevant plans must be approved by the boards of both agencies and the FHFA before implementation. If this move is realized, it will change the traditional way the mortgage industry assesses borrower qualifications, but it clearly excludes cryptocurrency assets held on non-compliant exchanges. Note: Fannie Mae ( is a U.S. government-sponsored enterprise that focuses on promoting liquidity in the housing loan market. Freddie Mac ), or the Federal Home Loan Mortgage Corporation, is the second-largest U.S. government-sponsored enterprise, with a commercial scale only second to Fannie Mae.

The Republic plans to tokenize the stocks of private companies such as SpaceX and OpenAI.

According to a WSJ report cited by The Block, the investment platform Republic plans to expand retail investors' accessibility to private companies by offering digital assets that track the performance of SpaceX, the aerospace company owned by Elon Musk. Republic intends to acquire shares of SpaceX and issue blockchain-based tokens to track the shareholding situation. Additionally, the platform plans to launch digital tokens that track the performance of private artificial intelligence companies OpenAI and Anthropic. Republic stated that the legislation allows U.S.-based companies to raise up to $5 million annually from retail investors through the issuance of securities. Holders can purchase with amounts ranging from $50 to $5,000, which is significantly lower than the minimum amounts typically required to invest in private companies. Individuals holding the company tracking tokens for over a year can also exchange them on the cryptocurrency trading platform INX. It is currently unclear whether SpaceX will object to the tokenization of its stocks.

( opinion

SEC Commissioner: Physical redemption of cryptocurrency ETFs may be coming soon, related applications are under review.

According to The Block, Hester Peirce, a Republican commissioner of the U.S. Securities and Exchange Commission, stated that the physical redemption mechanism for cryptocurrency ETFs may be coming soon. During a panel discussion at the Bitcoin Policy Institute on Wednesday, someone asked whether the commission would approve the physical subscription and redemption mechanism and whether it is "on the verge of realization." Peirce said, "These (forms) are currently under review. So I believe that at some point, the physical subscription and redemption mechanism will definitely come. I can't predict in advance, but we have heard that many companies are very interested in this." Several companies, including BlackRock, have been applying to the agency for months, hoping to allow Bitcoin ETFs to conduct physical subscriptions and redemptions instead of having to use cash. In January of this year, Nasdaq submitted a 19b-4 form on behalf of BlackRock to push for this change, and other companies have followed suit.

Tether CEO: It is expected that within 15 years, there will be 1 trillion AI agents using Bitcoin and USDT for transactions.

According to The Block, Tether CEO Paolo Ardoino predicts that in the next 15 years, there will be 1 trillion AI agents globally using Bitcoin and USDT for machine-to-machine transactions. He pointed out that traditional banks are unlikely to open accounts for AI agents, so self-custodied crypto wallets will become the infrastructure of the AI economy. Ardoino emphasized that USDT, as the most traded stablecoin, will be the preferred payment tool for AI agents. Tether has already made plans for this, launching a wallet development toolkit last November and establishing the Tether Data department and Tether AI platform this year, aimed at building a peer-to-peer network to support billions of AI agents. Tether has currently relocated its headquarters to El Salvador, continuously expanding its investments in the AI and blockchain infrastructure sectors. The company believes that crypto assets will become the key settlement layer in the machine economy era.

WLFI Alliance: Multiple listed companies are considering incorporating WLFI tokens into their reserve assets.

According to a report by Bloomberg, Zak Folkman, co-founder of the DeFi platform World Liberty Financial associated with the Trump family, stated at the crypto industry conference "Permissionless" held in New York on Wednesday that the platform is attracting "significant interest" from several listed companies that wish to use its token WLFI as a company reserve asset. Folkman also announced the launch of a new World Liberty Financial application. Folkman stated, "We have a very close relationship with Michael Saylor — we greatly appreciate everything he has done strategically and the way he promotes the idea of holding company reserves in cryptocurrency form. Several listed companies have already shown significant interest in using WLFI tokens as their company reserves."

Project Updates

Users with Binance Alpha points exceeding 223 in the first phase can claim 1000 SAHARA airdrop.

Binance announced that it will be the first platform to launch Sahara AI ###SAHARA(, with trading starting at 18:00 Beijing time on June 26. Eligible users can claim 1000 SAHARA tokens airdrop through Binance Alpha points within 24 hours after trading begins. The airdrop will be distributed in two phases: the first phase (the first 18 hours) requires holding at least 223 Alpha points, and the second phase (the last 6 hours) requires holding at least 180 Alpha points, on a first-come, first-served basis, until the airdrop pool is exhausted or the event ends.

Users with Binance Alpha points exceeding 239 in the first phase can claim 3125 XOCIETY (XO) airdrop.

Binance announced that it is the first platform to list XOCIETY )XO(, with trading beginning at 5:00 PM Beijing time on June 26. At the same time, eligible users can claim 3125 XO tokens airdrop through Binance Alpha points within 24 hours after trading begins. The airdrop is distributed in two phases: the first phase (the first 18 hours) requires holding at least 239 Alpha points, and the second phase (the last 6 hours) requires holding at least 198 Alpha points, on a first-come, first-served basis, until the airdrop pool is exhausted or the event ends.

Binance will delist 5 tokens including ALPHA and BSW on July 4.

Binance announced that, according to the latest periodic assessment results of digital assets, it will stop all spot trading pairs for the following tokens on July 4, 2025, at 11:00 Beijing time: Stella )ALPHA(, Biswap )BSW(, Komodo )KMD(, LeverFi )LEVER(, and LTO Network )LTO(.

The impending discontinuation of the Nano S by Ledger has triggered dissatisfaction among users, who have questioned whether they are being forced to purchase new devices.

According to Cointelegraph, major hardware crypto wallet provider Ledger announced last month that it will gradually phase out the Ledger Nano S, which was launched in 2016, and will no longer accept new application, feature submissions, or app updates, encouraging users to upgrade their devices. This news was released last month but has recently sparked heated discussions on social media, with user comments filled with anger, disappointment, and helplessness. Pcaversaccio from the Ethereum ecosystem criticized Ledger for forcing users to buy new devices, claiming it disregards backward compatibility and restricts new features and access for commercial reasons. Beau, the security project manager of Pudgy Penguins, also stated that this is a "significant blow" to users, reminding those using the Nano S to back up their seed phrases and transfer assets if necessary. Some users are concerned about the usability and security issues after the device stops receiving updates, and Beau believes that while the device may still be usable, the lack of updates can lead to more faults or security issues. Tornado Cash developer Roman Semenov stated that he hasn’t updated his Ledger for years, and the device still works normally. As of now, Ledger has not responded to requests for comments.

Binance Alpha will launch CESS Network)CESS(

According to official news, Binance Alpha will launch CESS Network ) CESS (. Trading will open on June 26, with the specific time to be announced separately. Eligible users can go to the Alpha activity page to use Binance Alpha points to claim the airdrop after the Alpha trading opens, and details will be announced on June 26.

Upbit will list the SAHARA token on the KRW, BTC, and USDT markets.

According to the official announcement, the South Korean cryptocurrency exchange Upbit will list the SAHARA token on the KRW, BTC, and USDT markets.

CertiK: Resupply is suspected of having suspicious transactions, resulting in a loss of approximately $5.56 million.

According to CertiK Alert monitoring, a suspicious transaction was detected, resulting in a loss of approximately $5.56 million for the decentralized stablecoin protocol Resupply contract. Update: According to data from BlockSec Phalcon, the losses from this security incident amounted to $9.5 million. According to statistics from ExVul, the losses from this security incident amounted to $9 million.

StormX has voluntarily filed for bankruptcy protection under Chapter 7 of the United States Bankruptcy Code.

According to official news, StormX, Inc. announced today that it has voluntarily filed for bankruptcy protection under Chapter 7 of the U.S. Bankruptcy Code. Creditors who believe they have claims against StormX, Inc. must submit proof of claim, detailing the amount and basis of the claim. No claims agent has been appointed in this case, so all proofs of claim must be submitted through the court's website. Previously, in May, StormX disclosed that it was supposed to merge with EarnM, but EarnM ultimately abandoned the deal. Earlier, in July 2021, the cryptocurrency cashback platform StormX raised $9 million in financing led by Optimista Capital. It is reported that "Chapter 7 bankruptcy" refers to a process where companies unable to repay their debts can sell their assets to pay creditors; the proceeds from the asset sales are used to repay the company's debts. The company will then dissolve and cease to exist.

Coinbase has added Wormhole)W( to the listing roadmap.

According to official news, Coinbase announced that Wormhole)W( will be added to the coin listing roadmap.

) Important Data

A certain Whale has increased the cumulative position of BTC and ETH short orders to 213 million USD, with a liquidation price of BTC at 110,120 USD.

According to monitoring by ai_9684xtpa, "Insider Bro" has just deposited 4.5 million USDC into Hyperliquid, and has increased the total position of BTC and ETH short orders to 213 million USD. The specific situation is as follows: BTC has opened a 40x leverage short position with 1,391.49 coins, totaling 150 million USD, at an opening price of 106,805.6 USD and a liquidation price of 110,120 USD; ETH has opened a 25x leverage short position with 25,600 coins, totaling 63.72 million USD, at an opening price of 2,460.48 USD and a liquidation price of 2,614.2 USD.

LTO and KMD dropped by about 40%, while ALPHA, BSW, and LEVER saw varying degrees of increase.

According to Binance market data, possibly affected by Binance's decision to delist, LTO and KMD fell by about 40%, while ALPHA, BSW, and LEVER saw varying degrees of increase. Among them: LTO Network ###LTO) fell by 37.28%, currently priced at $0.0176; Komodo (KMD( fell by 43.01%, currently priced at $0.0484; Stella )ALPHA( briefly rose by 30.5%, currently priced at $0.0218; Biswap )BSW( briefly rose by 37.77%, currently priced at $0.0284; LeverFi )LEVER( briefly rose by 9.4%, currently priced at $0.000425. Previously, it was reported that Binance would delist ALPHA, BSW, and four other tokens on July 4.

The total net inflow of Bitcoin spot ETFs yesterday was $548 million, continuing a net inflow for 12 consecutive days.

According to SoSoValue data, yesterday (Eastern Time June 25), the total net inflow of Bitcoin spot ETFs was $548 million. The Bitcoin spot ETF with the highest net inflow yesterday was Blackrock ) ETF IBIT, with a net inflow of $340 million, bringing the historical total net inflow of IBIT to $51.992 billion. The second was Fidelity ( ETF FBTC, with a net inflow of $115 million, and the historical total net inflow of FBTC currently stands at $11.762 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $133.561 billion, with an ETF net asset ratio (the market value compared to the total market value of Bitcoin) reaching 6.23%, and the historical cumulative net inflow has reached $48.143 billion.

The monthly Bitcoin inflow to Binance has fallen to 5,700 BTC, less than 50% of the monthly average level since 2020.

According to a report by Cryptoslate, CryptoQuant analyst Darkfost pointed out in a report on June 24 that Binance's monthly Bitcoin inflow has dropped to 5,700 BTC, which is less than half of the average monthly inflow of 12,000 BTC since 2020 and only 25% of the inflow during the FTX crisis at the end of 2022. In this cycle, each surge in large Bitcoin deposits has corresponded with local price peaks, such as when Bitcoin net inflow exceeded 17,000 BTC during the pullback from $69,000 last August and over 20,000 BTC when it broke six figures in March this year, with each surge indicating a short-term correction. Now, the inflow of 5,700 BTC appears when Bitcoin stabilizes above $105,000, with volatility close to its annual low. Darkfost believes that this contraction in inflow indicates that the market is in a "holding phase," where retail traders and large investors choose to keep their Bitcoins off exchanges, thus eliminating immediate selling pressure.

Movement repurchase address has withdrawn 83 million MOVE from Binance in the past 9 hours.

According to on-chain analyst @ai_9684xtpa's monitoring, the Movement buyback address has withdrawn 83 million MOVE from Binance in the past 9 hours. Previously, Movement committed to using 38 million USD to buy back tokens, and yesterday was the last day of the three-month period (it may also be today due to time zone issues); however, as of now, based on the estimated token withdrawal price, the buyback progress is only 54.2%.

( Financing

Zama completes a $57 million Series B funding round with a valuation of $1 billion, led by Pantera Capital and others.

According to The Block, the privacy-focused confidential blockchain protocol Zama has announced the completion of a $57 million Series B funding round, with a valuation exceeding $1 billion, led by Pantera Capital and Blockchange. The protocol will launch its testnet on July 1. Zama provides cross-chain privacy solutions for developers through Fully Homomorphic Encryption (FHE) technology, supporting the deployment of "confidential smart contracts" on existing blockchains. The protocol currently supports 20 transactions per second and plans to increase this to over 10,000 transactions per second on a single chain using dedicated hardware accelerators. The project also employs Multi-Party Computation (MPC) and Zero-Knowledge Proof (ZKP) technologies, initially compatible with the Ethereum Virtual Machine, with plans to expand to the Solana ecosystem in the future.

Prediction market Kalshi completes $185 million financing at a $2 billion valuation, led by Paradigm.

According to Bloomberg, prediction market Kalshi has announced the completion of a $185 million financing round, with a valuation of $2 billion, led by crypto venture capital firm Paradigm. The platform allows users to place prediction bets on future events such as sports events and entertainment ratings. Kalshi was founded in 2018 by graduates of the Massachusetts Institute of Technology and participated in the Y Combinator incubation program in 2019, with previous investors including Sequoia Capital. As a federally regulated platform in the United States, its competitor Polymarket is banned from U.S. users for not being registered with the CFTC. Recently, both platforms have been reported to have cooperation news with social media X, but Kalshi later retracted the related statement.

Institutional-grade DeFi execution engine Makina completes $3 million strategic round of financing.

The institutional-level DeFi execution engine Makina has announced the completion of a $3 million strategic round of financing, with participation from Bodhi Ventures, Cyber Fund, Interop Ventures, Steakhouse Financial, Hypernative Labs, Kiln, base DAO, Cozomo de’ Medici, Aleksander Larsen, ivangbi, and Trevor McFedries.

DePIN completed a $3.15 million financing with the enterprise-level cloud platform dKloud, with participation from Animoca Brands and others.

DePIN and the enterprise-level cloud platform dKloud have completed a financing of $3.15 million, with participation from Animoca Brands, Avalaunch, Blizzard, Brinc, Genesis Block Ventures Capital (GBV), Maven Capital, Pulsar, SMO Capital, Telos, and Baboon VC.

Institutional Increase

Nano Labs announced that it has obtained 600 bitcoins in the first round of investment for its $500 million convertible bond offering.

According to official news, Nasdaq-listed company Nano Labs announced that it has just obtained 600 bitcoins (approximately $63.6 million) in the first round of investment for its $500 million convertible bond offering. Currently, the company holds 1,000 bitcoins in its reserve fund.

Metaplanet increased its holdings by 1234 Bitcoins, bringing the total holdings to 12345 Bitcoins.

According to official news, the Japanese listed company Metaplanet has increased its holdings by 1,234 BTC, bringing its total holdings to 12,345 BTC.

KaJ Labs announced it will invest $160 million to purchase Bitcoin.

According to newsfilecorp, the decentralized AI and blockchain research organization KaJ Labs announced last Friday that it will invest $160 million to purchase Bitcoin. KaJ Labs stated that this strategic Bitcoin reserve will support Imagen's multi-chain operations and serve as a liquidity pillar for the upcoming AI modules, community incentives, and cross-chain integrations; the Bitcoin reserve will be used to balance operational costs and provide long-term collateral for utility services supported by IMAGE.

GameStop raises $450 million again, which may be used to purchase BTC.

According to a report by CoinDesk, game retailer GameStop disclosed in documents submitted to the SEC on Tuesday that it raised an additional $450 million through the over-allotment option of convertible bonds, bringing its total bond issuance to $2.7 billion since mid-June. According to the SEC filing, these zero-coupon bonds maturing in 2032 can be converted into common stock, with a conversion price at a 32.5% premium to the weighted average price on June 12. The funds will be used for company operations and asset allocations that align with investment policies, including continuing to increase its holdings of Bitcoin as a reserve asset. Since launching its Bitcoin financial strategy in March, GameStop has spent approximately $500 million to acquire 4,710 Bitcoins in May.

Public company SharpLink Gaming has continued to acquire 5,989 ETH through Galaxy Digital in the past day.

According to on-chain analyst Yu Jin's monitoring, SharpLink Gaming (Nasdaq: SBET) continued to purchase 5,989 ETH (14.47 million USD) through Galaxy Digital over the past day. They should have spent a total of 507 million USD to buy and hold 194,000 ETH, with an average cost of about 2,611 USD. Currently, they are facing an unrealized loss of about 36 million USD.

Bit Digital has transformed into a pure Ethereum staking company and adopted an Ethereum reserve strategy, and will close its Bitcoin mining business.

According to The Block, publicly traded company Bit Digital (stock code BTBT) announced a strategic transformation into a pure Ethereum staking and financial asset management company. The company will gradually shut down its Bitcoin mining business and plans to "gradually" convert its holdings of 417.6 BTC (approximately $34.5 million) into ETH while raising funds through a public stock offering to increase its ETH holdings. Bit Digital currently holds 24,434.2 ETH (approximately $44.6 million) and operates one of the largest institutional-grade Ethereum staking infrastructures in the world. The company will also spin off its high-performance computing subsidiary, WhiteFiber. This transformation continues the trend of publicly traded companies allocating crypto assets as financial reserves, but a strategy focusing on Ethereum is relatively rare in the industry. Previously, Consensys founder Joe Lubin also launched a similar Ethereum financial management project called SharpLink.

Former BlackRock executives and Tether co-founder plan to raise $1 billion through a SPAC to establish a crypto asset reserve.

According to a report by Bloomberg, former Blackstone Group dealmaker and Tether co-founder are raising $1 billion through a special purpose acquisition company, M3-Brigade Acquisition V Corp., to establish a cryptocurrency asset reserve fund. The fund will allocate various digital assets such as Bitcoin, Ethereum, and Solana, with former U.S. Secretary of Commerce Wilbur Ross and Binance director Gabriel Abed serving as vice chairs, and former Hut 8 Mining CEO Jaime Leverton as CEO. The fundraising is being advised by Cantor Fitzgerald, and the final scale may be adjusted. This SPAC has already received investment from Tether co-founder Reeve Collins and former Blackstone private equity co-head Chinh Chu's investment firm in May. It is noteworthy that the fund adopts a diversified token strategy, distinguishing it from institutions like Strategy that hold a single position in Bitcoin.

Public company Sixty Six Capital increased its holdings by 18.2 Bitcoins and plans to raise funds to purchase more Bitcoins.

Canadian listed company Sixty Six Capital announced an increase of 18.2 bitcoins. The company previously held 113 bitcoins through a Bitcoin ETF but will convert these ETF shares into directly held bitcoins. The company also announced a private placement financing plan to raise up to $2.5 million for further increasing its bitcoin holdings.

The listed company Digital Commodities plans to raise 3 million USD to increase its Bitcoin reserves.

Digital Commodities Capital Corp., a publicly listed company in Canada, announced a non-brokered private placement to issue up to 20 million units at a price of $0.15 per unit, with an expected total fundraising of $3 million. The net proceeds from this financing will be used to increase the company's Bitcoin reserves.