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Ripple Prime closed an upsized $275 million private placement of senior unsecured notes, giving the non-bank prime broker a new pool of capital for its U.S. expansion. KBRA’s investment-grade assessment makes the parent-support mechanism the central credit issue. KBRA’s BBB assessment depends partly on the agency’s expectation that ultimate parent Ripple would support the brokerage … Read more

Illuvium co-founder and CEO Kieran Warwick said Aug. 21 that six months of cost reductions and a further wage cut had restored more than 12 months of operating runway for the web3 gaming studio. Warwick said the remaining workforce is now almost entirely focused on an MMO and that most team members have been with … Read more

Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 498,389 to 535,723 BTC equivalent. Fewer institutions drove that increase, with the number reporting Bitcoin positions through 13F filings falling roughly 6.8%, from about 2,000 to around 1,900. Those figures are Bitcoin Strategy’s second-quarter estimate, … Read more

The iShares Bitcoin Trust ETF (IBIT) closed at $44.46 on Aug. 26, about 30.2% below the $63.69 price needed to trigger an early exit from a $21.374 million JPMorgan structured note. The securities are bank debt linked to IBIT, not shares in the exchange-traded fund. Under the note’s final terms, JPMorgan Chase Financial Company LLC … Read more

REX-Osprey’s XRP ETF held 40.25% of its assets in the CoinShares Physical XRP ETP on Aug. 24, routing $22.87 million of a $56.68 million portfolio through another listed product. That structure means XRP ETF fees and trading costs can stack up across two listed products. The same holdings snapshot reported 59.74% as XRP, with 4.7 … Read more

Bitcoin treasury company Strive added 1,110 Bitcoin in a week, but the benefit to common shareholders was much smaller than the headline purchase. After accounting for the company’s rising share count, Bitcoin per effective common share increased just 1.19%. The week also added an estimated $5.74 million in annualized preferred dividends, using the 13% annualized … Read more

Bitcoin and Ethereum surged last week as falling Treasury yields, renewed US crypto optimism, and a wave of short liquidations sent digital assets sharply higher. Bitcoin climbed more than 20% and approached $80,000, while Ethereum gained about 30% in its strongest weekly advance since May 2025. The rally drew fresh $2.6 billion in ETF inflows, … Read more

Riot Platforms has secured up to $573 million of interim financing for the $9.1 billion data-center lease tied to Anthropic, but the facility matures about a year before the Bitcoin miner expects the project to start generating rent. Earlier this month, Riot disclosed that it had secured a 20-year lease for 191 megawatts of critical … Read more