Tag: Digital

Digital Chamber Unveils State Network to Support US Crypto Policy

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Crypto advocacy group The Digital Chamber has launched a new initiative to drive digital asset policies at the state level across the US and educate lawmakers in the lead-up to the 2026 midterm elections.  Called the State Network, the initiative is aimed at establishing a collaborative ecosystem connecting policymakers, regulators and people in the industry who want to advance blockchain adoption across the US, The Digital Chamber announced on Monday.  Inaugural members of the network include Michael Saylor’s company Strategy, proof-of-stake public distributed ledger Hedera and blockchain infrastructure research company…

Anchorage Digital receives $405M in Bitcoin from major institutions in sign of renewed accumulation

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Key Takeaways Anchorage Digital received $405 million in Bitcoin from major institutional clients. The institutions involved include Coinbase, Cumberland, Galaxy Digital, and Wintermute. Share this article Anchorage Digital, a ÚS-regulated crypto custodian, received about $405 million in Bitcoin today across transfers from major institutional players. The inflows suggest institutions are moving BTC off trading venues and into long-term, regulated custody, a pattern typically associated with strategic accumulation or treasury rebalancing. Anchorage Digital has been expanding its institutional footprint and is currently one of the custodians supporting BlackRock’s Bitcoin ETF, alongside…

Elon Musk’s X faces investigation for potential violations of EU digital rules

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Key Takeaways Irish regulator launches first formal DSA investigation targeting Elon Musk’s X. The investigation focuses on X’s failure to remove illegal content reported by users and on whether the platform properly informs users of their right to appeal decisions. Share this article X is facing an investigation by the Irish media regulator over concerns about the handling of harmful and illegal material, according to regulatory statements. Ireland’s media regulator, Coimisiún na Meán, is examining X’s content moderation practices amid concerns that the platform has failed to remove illegal material…

Coinbase introduces platform for early digital token investments, Monad first to sell

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Key Takeaways Coinbase is launching a new platform that will let blockchain projects sell digital tokens directly via Coinbase’s infrastructure. Monad, a blockchain startup, will be the first to utilize this platform for its token sale as it preps its mainnet launch. Share this article Coinbase is launching a platform that enables individual investors to purchase digital tokens prior to their listing on the exchange, with blockchain startup Monad set to be the first project to sell tokens through the service, the Wall Street Journal reported Monday. The platform, set…

Italian Banks Back Digital Euro, Urge ECB to Stagger Implementation Costs

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Italian banks have expressed their support for the European Central Bank’s (ECB) digital euro initiative, but are calling for the implementation costs to be spread out over several years due to the financial burden it places on the sector. “We’re in favour of the digital euro because it embodies a concept of digital sovereignty,” said Marco Elio Rottigni, General Manager of the Italian Banking Association (ABI), during a press seminar in Florence,  Reuters reported on Friday. “Costs for the project, however, are very high in the context of the capital…

Evernorth Losses Spotlight Digital Asset Treasury Risks

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The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after…

Chainlink partners with SBI Digital Markets for digital asset solutions

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Key Takeaways Chainlink is collaborating with SBI Digital Markets (SBIDM), part of Japan’s major SBI Group, to develop digital asset solutions using cross-chain technology. The partnership centers around Chainlink’s CCIP protocol, enabling secure and interoperable operations for tokenized funds across multiple blockchains. Share this article Chainlink, a decentralized oracle network, announced today it has partnered with SBI Digital Markets (SBIDM), the digital asset division of a major Japanese financial conglomerate, to develop digital asset solutions using cross-chain interoperability technology. The collaboration will leverage Chainlink CCIP, a cross-chain interoperability protocol, to…

CMT Digital Closes $136M Fund to Back Next Wave of Blockchain Startups

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CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round. CMT Digital has already committed about a quarter…

Galaxy Digital cuts Bitcoin year-end target to $120K amid lack of government Bitcoin purchases, leverage wipeout

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Key Takeaways Galaxy Digital has reduced its year-end Bitcoin forecast from $185,000 to $120,000, citing market selloffs and changing dynamics. Institutional involvement and passive flows have signaled Bitcoin’s ‘maturity era,’ lowering volatility and moderating price cycles. Share this article Galaxy Digital’s research arm, led by analyst Alex Thorn, has adjusted its 2025 year-end Bitcoin outlook to $120,000, trimming expectations from its earlier $185,000 bull-case scenario. i’m lowering my BTC bullish EOY target to $120k (prev $185k) 👀 just sent this note to clients whale distribution, non-BTC investments, treasury company malaise,…

Canaan Secures $72M From BH Digital, Galaxy, and Weiss

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Bitcoin mining hardware maker Canaan Inc. has secured a $72 million strategic equity investment from Galaxy Digital, Weiss Asset Management and Brevan Howard’s digital asset arm, Brevan Howard Digital. The transaction, announced on Tuesday, will bolster the company’s balance sheet and reduce its dependence on future at-the-market (ATM) capital raises, it said. Under the deal, investors bought 63.7 million American depositary shares, representing Canaan’s Class A stock at $1.13 each through a registered direct offering. Founded in 2013, Canaan specializes in application-specific integrated circuit (ASIC) chip design and high-performance computing…