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Blockchain analytics firm Arkham reported that the United Arab Emirates government holds around 6,300 Bitcoin, worth approximately $740 million. The assets were generated through Citadel Mining operations rather than direct market purchases. Citadel Mining, a publicly listed company, is majority-owned by Royal Group via International Holding Company (IHC). The

Grayscale Investments has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot AVAX ETF listed on Nasdaq. According to the filing on August 22, the ETF will provide regulated exposure to AVAX, the native token of the

Shares of Robinhood Markets and Strategy fell Monday after-hours as both companies were excluded from the S&P 500 index, which will instead include Interactive Brokers Group. S&P Dow Jones Indices announced that Interactive Brokers will replace Walgreens Boots Alliance in the index tracking the 500 largest

Pantera Capital, one of the largest digital asset investment funds, aims to raise $1.25 billion to launch a U.S.-listed Solana treasury company. The project, provisionally called Solana Co., involves converting an already listed company into an entity dedicated to accumulating Solana. The initiative marks a significant step

Ethereum has reached a new all-time high, surpassing its previous record from November 2021 and nearing a market capitalization of $600 billion. The price of Ethereum (ETH) climbed to $4,945.60, fueled by growing institutional interest and rising demand for ETFs based on the cryptocurrency. This milestone marks an

Brazil’s Congress is considering a proposal to create a strategic Bitcoin reserve. Federal Deputy Eros Biondini introduced legislation that would allow up to 5% of Brazil’s $344 billion international reserves to be allocated to Bitcoin. Last week, the Chamber of Deputies held a hearing on the matter. The