Crypto exchange and company news
BitGo closes $42.5M purchase of NYDIG's trading business
Why it matters: Consolidating custody, trading and financing under one roof intensifies the battle for institutional clients.
Kraken adds USDCx deposits and withdrawals on Aleo network
Why it matters: It expands access to private stablecoins and the Aleo network through one of the largest exchanges.
Strategy buys back nearly $1 billion of STRC preferred stock to stabilize price
Why it matters: Strategy has shifted capital from buying BTC to supporting its own instrument, changing its usual bitcoin accumulation model and affecting the company's valuation.
BitGo opens Brazilian subsidiary as tokenization grows
Why it matters: Brazil is becoming a key market for RWA tokenization, and the arrival of a major custodian strengthens the region's institutional infrastructure.
SOL becomes available as collateral on PhoenixTrade
Why it matters: Expanding SOL's use as collateral could boost demand and liquidity for the token if traders begin using it actively.
DeFi Development launches $300M ATM program for CHAD preferred stock
Why it matters: The company gains an optional funding channel for further SOL purchases, but the ongoing dividend burden weighs on cash flow.
Bitget discloses reserves for 45th straight month with 122% ratio
Why it matters: The report confirms Bitget's regular disclosures, but PoR still does not provide a full picture of the exchange's financial condition.
Coinbase to launch spot trading for BLUE CHIP on September 16
Why it matters: The Coinbase listing broadens access to BLUE CHIP and could support its price through new demand.
Anchorage adds custody support for Etherlink and tokenized uranium
Why it matters: It expands institutional access to tokenized commodity assets and the Etherlink network.
Komainu partners with Circle for Arc mainnet launch
Why it matters: Support from a major custodian strengthens institutional confidence in the Arc ecosystem and the USDC stablecoin.
Finam to launch crypto funds via Kazakhstan infrastructure
Why it matters: Kazakhstan is becoming a hub for Russian brokers, expanding access to crypto products in the region.
BTIG initiates American Bitcoin at Buy with $15 price target
Why it matters: ABTC shares are down 69% year-to-date, and BTIG's rating could draw attention to the gap between its BTC treasury and market capitalization.
Copper integrates with Arc blockchain for institutional settlements
Why it matters: It expands institutional infrastructure around Arc and intensifies competition for settlement services for large clients.
Strategy's STRC fails to return to $100 par for fourth month
Why it matters: Problems with STRC undermine confidence in Strategy's model and its ability to support the dividend instrument amid market weakness.
Dunamu signs MOU with Kazakhstan on RWA tokenization and stablecoins
Why it matters: Korea's largest exchange is expanding into foreign markets through tokenization, which could accelerate institutional adoption of RWAs in Central Asia.
Coinbase cuts trading fees for active Advanced users
Why it matters: The fee cut intensifies exchange competition for active traders and could boost trading volumes on Coinbase.
Jack Mallers explains exit from Twenty One Capital over financial engineering disagreement
Why it matters: The case highlights the risks of Bitcoin treasury companies: without operating cash flow, BTC revaluation losses hit financial statements.
BTIG reiterates Buy on Coinbase with $240 target
Why it matters: The rating signals a bet on Coinbase's institutional growth despite weak spot trading volume.
Binance Earn updates product categories to clarify risk
Why it matters: Clearer risk labels help users choose Earn products more consciously, but do not change their terms or yields.
Circle shares fall to $83 despite Arc blockchain launch with BlackRock and Visa
Why it matters: The Arc launch failed to offset regulatory uncertainty: CRCL's performance will show whether investors are ready to value Circle's infrastructure separately from CLARITY Act risks.