UAE Company Invests $100mn In Trump Family-backed Crypto Business

UAE Company Invests $100mn In Trump Family-backed Crypto Business.

World Liberty Financial, the cryptocurrency company backed by US President Donald Trump and his family, has reported that a United Arab Emirates-based company purchased $100 million worth of the platform’s governance token, WLFI.

In a Thursday notice, World Liberty and Aqua1 Foundation — self-described as a “Web3-native fund” — said the $100-million deal was “intended to help accelerate the creation of a blockchain-powered financial ecosystem centered on blockchain development, Real World Asset tokenization, and stablecoin integration, aiming to set new benchmarks for global capital efficiency.”

The purchase makes Aqua1 a bigger WLFI tokenholder than Tron founder Justin Sun, who invested $30 million in the project in November.

Bakkt Holdings Files With SEC To Raise $1bn For Bitcoin Strategy.

Bakkt Holdings has filed to raise up to 1 billion dollars with the United States Securities and Exchange Commission. This is following the June 2025 update of Bakkt that will enable it to invest directly in Bitcoin and other crypto assets.

The funds can be spent on buying Bitcoin, crypto treasury plans, or any other corporate needs.

At the current Bitcoin price of $106,800, a full $1 billion investment would get Bakkt around 9,364 BTC. That would place the company just ahead of Coinbase, making it one of the top 10 public firms holding Bitcoin, joining giants like Strategy, Marathon Digital, and Tesla.

Bitwise Adds In-kind Redemptions To DOGE, APT ETF Filings.

Bitwise has amended its proposed Dogecoin and Aptos exchange-traded funds to include in-kind redemptions, according to filings on Thursday. The updates come as discussions around altcoin ETFs and redemption structures gain traction with US regulators.

In-kind redemptions allow investors to exchange ETF shares directly for the underlying tokens. The mechanism is considered more tax-efficient and can appeal to all types of investors, from institutional to retail.

In February, the SEC sought comments on a proposal to allow in-kind creations and redemptions for spot Bitcoin and Ether ETFs. During a panel at the Bitcoin Policy Institute on Wednesday, SEC Commissioner Hester Pierce said in-kind redemptions for crypto ETFs are on the horizon.

U.S. Senators Push For Passage Of Key Crypto Bills Before 2026.

US Senator Tim Scott, chair of the Senate Banking Committee, said the chamber would be aiming to pass legislation for digital asset market structure “before the end of September.”

In a Thursday “fireside chat” with Wyoming Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott said “for the market to function completely,” Congress would need to move forward with legislation for market structure and stablecoins.

Lummis said at the Bitcoin Policy Summit on Wednesday that she would be “extremely disappointed” if the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, and legislation for digital asset market structure did not pass before 2026.

Grayscale Updates Top 20 Altcoins List For Q3 2025, Adds Avalanche & Morpho.

Grayscale Research has released its updated Top 20 altcoins list for Q3 2025, introducing Avalanche (AVAX) and Morpho (MORPHO) while removing Lido DAO (LDO) and Optimism (OP).

The changes reflect evolving market conditions and project-specific developments. AVAX replaced OP despite both being smart contract platforms, due to Avalanche’s recent surge in on-chain activity and partnerships, while Optimism saw a 54% drop in ETH reserves.

MORPHO was added from the strong-performing “Financials” sector, bolstered by the launch of Morpho V2 targeting traditional finance. Grayscale warned all tokens remain highly volatile despite their inclusion on the list.

Mining & Treasury Company Vinanz Ltd. Lifts Bitcoin Holdings To 65.

Mining and treasury company Vinanz Ltd. has increased its holdings to just over 65 bitcoin following a new purchase this week.

The company acquired a further 5.85 bitcoin for roughly $631,000, paying an average price of $107,863 per coin.

This latest transaction forms part of Vinanz’s ongoing strategy to build a treasury of bitcoin alongside its mining operations in the United States and Canada.

The group now holds 65.03 bitcoin in total, at an average purchase price of just over $98,200. That compares with the current market price of around $106,000, worth around $7 million, putting the company’s holdings slightly in profit on paper.

Galaxy Digital Raises $175mn In First Fund To Expand Crypto Investments.

Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups.

The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet for venture investments, according to a Thursday press release.

The fund targets high-growth sectors such as stablecoins, tokenization, and payments, as well as the software layers that support them.

The new fund attracted a broad range of backers, including institutions, family offices, and digital asset firms.

India To Issue Crypto Discussion Paper In July, Stablecoins In Focus.

India is finally planning to put out its much-awaited crypto discussion paper by July. Sources say the focus will likely be on stablecoins, especially how they could help make remittances cheaper and faster. But the paper won’t take a clear position on how the country plans to regulate the wider crypto space just yet.

The paper, being prepared by a working group led by the Department of Economic Affairs, is expected to include key use cases and take cues from the recent U.S. legislation on stablecoins.

However, it will remain largely neutral, aiming to initiate consultations across ministries, regulators, industry stakeholders, and the public.

Crypto Mining Firm Bit Digital Falls 15% After Bitcoin Departure.

The crypto mining firm Bit Digital officially marks its departure from Bitcoin mining and towards Ethereum staking by issuing $150m shares in a public offering to buy more ETH.

According to the company’s statement, the funds generated from the public offering will be used to buy Ethereum in order to accelerate building an ETH treasury. The company describes itself as a “digital asset platform focused on Ethereum-native treasury and staking strategies.”

After the news broke, indicating that it would be formally ditching Bitcoin in favor of Ethereum, the Bit Digital stock BTBT plummeted by 15.32% upon the latest closing price. The BTBT stock is currently valued at $1.99 in the market, according to Yahoo Finance.

Core Scientific Soars 25% After Buyout Talks With CoreWeave.

One year after unsuccessfully trying to purchase Core Scientific, cloud and AI infrastructure firm CoreWeave is again in talks with the bitcoin miner, according to the Wall Street Journal.

Exact terms haven’t been discussed, but a deal could be finalized in coming weeks, according to the story.

Roughly one year ago, CoreWeave tried to acquire CORZ for $5.75 per share, or about $1 billion. Up 25% today on this news, CORZ is currently trading above $15 per share.

Among other miners moving higher (though not nearly the magnitude of CORZ) are Hut 8, IREN, and Cipher Mining.

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