Strive is seeking to raise $500 million through a new class of preferred shares. The funds will be used to purchase additional bitcoin. The new shares, called SATS, will offer a fixed 15% annual dividend yield. They will be junior to the company's existing variable-rate SATA shares.
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BNY Mellon and Citadel Securities conducted a transaction involving tokenized U.S. Treasuries. The test demonstrated how blockchain-based government bonds could accelerate financial operations. Specifically, the technology aims to help trading firms move collateral more rapidly between settlement and financing stages. This initiative represents a Wall Street exploration of using blockchain to improve efficiency in financial markets.
The cryptocurrency exchange MNX has launched a new product for trading pre-IPO futures. This offering focuses on major private artificial intelligence companies such as OpenAI, Anthropic, and DeepSeek. The service provides a novel method for speculating on these firms' future valuations. MNX is positioning this product in direct competition with established exchanges like OKX and Bitget.
A cryptocurrency trader in the United Kingdom reported a violent home invasion. Masked assailants held the victim at knifepoint and stole nearly $800,000 in digital assets. The incident is part of a concerning trend referred to as 'wrench attacks' targeting crypto holders. UK authorities are likely investigating the robbery and the broader pattern of such crimes.
South Korean regulators have blocked access to 27 cryptocurrency exchanges. The action targets platforms operating without proper registration, such as Bitmart and Kucoin. This move extends earlier restrictions from mobile apps to include their websites. Authorities are acting preemptively to protect investors from potential losses.
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