This week in crypto, Ripple and the SEC officially ended their five-year legal battle, though key penalties and restrictions on XRP sales remain. Major firms, including Bakkt, GameStop, and Trump’s Truth Social, made bold moves toward Bitcoin and crypto ETFs, while on the regulatory front, Kraken secured a MiCA license in Europe, Texas legalized Bitcoin reserves, and a U.S. senator proposed a crypto ban for top officials.
Bitcoin
Bakkt Holdings has filed for a $1 billion shelf offering with the SEC, indicating plans to acquire Bitcoin as part of its expanded treasury strategy.
Business
GameStop has raised $2.7 billion through a convertible notes offering and may allocate part of the proceeds to Bitcoin under its revised treasury policy, though future crypto purchases remain unconfirmed.
Crypto hardware wallet firm Ledger has secured its first professional sports jersey sponsorship through a newly announced multi-year partnership with the NBA’s San Antonio Spurs.
Trump Media & Technology Group has filed to launch a Bitcoin and Ethereum ETF on the NYSE, raising fresh concerns over potential conflicts as the former president promotes crypto while seeking reelection.
Metaplanet has allocated an additional $5 billion to its U.S. subsidiary, accelerating its ambitious plan to acquire 210,000 BTC by 2027 and expand its global Bitcoin treasury operations.
Web3
Moonveil, a Layer 2 gaming-focused chain, has confirmed the launch of its native token, $MORE, on Binance Alpha, followed by listings on a series of leading centralized exchanges, including Gate, MEXC, Bitget, KuCoin, BingX, and LBank.
Edwin has officially launched its AI-powered terminal designed to simplify DeFi acc
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Author: Amara Khatri
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