By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an ​initial public offering in the U.S., as digital asset companies look to tap ‌the new listings market before the 2026 midterm elections. Companies such as stablecoin issuer Circle and crypto exchanges Gemini and Bullish have made ‌strong debuts in the U.S. this year. Kraken's potential listing will fuel competition in a sector where sentime ...

Core Insights - AlphaTON Capital Corp. has successfully raised $71 million, including $18.5 million in equity financing, to support its strategic initiatives in the Telegram ecosystem and launch the Artificial Intelligence Compute Program and Telegram Cocoon Initiative [1][2]. Strategic Initiatives - The company has adopted a three-pillar strategy focusing on capital deployment into high-conviction assets, transforming its balance sheet into a diversified portfolio of productive digital assets [2]. - AlphaTON aims to create a closed-loop ecosystem that integrates payment systems with AI and gaming platforms, enhancing demand for its treasury assets while supporting its operating companies [3]. Balance Sheet and Asset Management - Since the PIPE funding on September 25, 2025, AlphaTON has made significant allocations, including an initial treasury tranche of approximately $30 million in digital assets, with a current total asset value of $28.6 million [7]. - The company has a low debt-to-equity ratio of 7%, utilizing only $2.1 million of its $35 million Bitgo Lending Facility [10]. Strategic Acquisitions and Partnerships - AlphaTON has executed a binding LOI with Animoca Brands to acquire a 51% equity interest in GAMEE, a mobile gaming platform, with plans to increase this to 60% for $15 million [10]. - The company has formed a strategic alliance with SingularityNET and others to develop a decentralized AI compute infrastructure within Telegram [10]. - A joint venture with PagoPay and ALT5 Sigma is set to launch a co-branded TON Mastercard, facilitating crypto-to-fiat transactions [10]. Market Positioning and Growth Strategy - AlphaTON is transitioning from a passive holding company to an active operator, focusing on incubating and acquiring cash-flowing businesses within the Telegram Mini-App economy [6]. - The company is also leveraging its legacy biotech assets while exploring innovative applications at the intersection of healthcare and blockchain technology [10]. Leadership and Governance - To support its growth strategy, AlphaTON has strengthened its leadership team with key appointments, including a Chief Financial Officer, Chief Partnership Officer, Chief Technology Officer, and Chief Marketing Officer [12][15].

Core Insights - New Hampshire has become the first US state to approve a Bitcoin-backed municipal bond, amounting to $100 million, as an alternative to traditional financing methods [1] - Companies borrowing through this bond must provide collateral in Bitcoin worth 160% of the bond's value, with a safety mechanism in place if Bitcoin's price drops to 130% [2] - The initiative aims to unlock cash for businesses without the need to sell their crypto assets or incur taxes [3] Financial Structure - The bond will contribute to the Bitcoin Economic Development Fund, which is designed to support business growth, startups, and innovation in New Hampshire [4][5] - Wave Digital Assets and Rosemawr Management are responsible for structuring the bond, aiming to integrate traditional fixed income with digital assets [5][6] Market Impact - The global bond market is valued at approximately $140 trillion, with the US accounting for over $58 trillion, indicating significant potential for integrating cryptocurrencies into traditional finance [6] - The initiative is seen as a pioneering step towards creating a new debt market that responsibly unlocks the value of digital assets [7] Strategic Developments - Earlier in 2025, New Hampshire established a strategic Bitcoin reserve, allowing the state treasury to invest public funds into approved digital assets [7]

Core Insights - BitGo has partnered with Deutsche Digital Assets GmbH to provide custody and staking services for the newly launched Safello Bittensor Staked TAO ETP [1] Group 1: Partnership Details - The partnership aims to deliver institutional-grade custody and staking solutions [1] - The Safello Bittensor Staked TAO ETP began trading on the SIX Swiss Exchange [1] Group 2: Product Information - The ETP is developed by Deutsche Digital Assets in collaboration with Safello [1] - The ETP is identified by ISIN: DE000A4APQY4, WKN: A4APQY, and Ticker: STAO [1]

Core Viewpoint - AlphaTON Capital has partnered with P2P.org to enable non-custodial staking of TON tokens, enhancing its yield generation strategy and supporting the growth of The Open Network (TON) ecosystem [1][3]. Group 1: Partnership Details - The partnership with P2P.org is a significant milestone in AlphaTON's treasury strategy, allowing the company to generate sustainable yields on its TON holdings through P2P.org's validator infrastructure [3]. - An initial deployment of 4 million locked TON tokens will be facilitated through BitGo's custody platform, ensuring asset security during network validation [3]. Group 2: P2P.org Overview - P2P.org is a leading non-custodial staking provider, managing over $10 billion in staked assets across more than 40 blockchain networks, with a perfect track record of zero slashing incidents and 99.9% uptime [4][12]. - The company serves over 90,000 delegators globally, providing enterprise-grade staking solutions with features like automated reward distribution and comprehensive reporting [4][12]. Group 3: Strategic Implications - The partnership reflects AlphaTON's commitment to collaborating with top-tier infrastructure providers, enhancing its operational excellence and risk management in the blockchain space [5][6]. - Brittany Kaiser, CEO of AlphaTON, emphasized that this collaboration will generate sustainable yields for shareholders while contributing to the security and decentralization of the TON network [6]. Group 4: Infrastructure and Accessibility - P2P.org's recent infrastructure improvements have lowered the minimum staking requirement from 300,000 TON to just 10 TON, removing capacity constraints and making staking accessible to more users [8]. - The infrastructure has been audited by Quantstamp and Trail of Bits, ensuring a robust foundation for institutional partnerships and retail user engagement [8]. Group 5: Operational Launch - Staking operations are set to commence immediately after the completion of BitGo's integration, with P2P.org providing monitoring, reporting, and automated reward distribution services [9]. - This marks the beginning of AlphaTON's expansion of staking operations, aimed at maximizing shareholder value through active treasury management [9].

Core Viewpoint - AlphaTON Capital has partnered with P2P.org to enable non-custodial staking of TON tokens, enhancing its yield generation strategy through BitGo integration [1][3][6] Group 1: Partnership Details - The partnership with P2P.org is a significant milestone in AlphaTON's treasury strategy, allowing for sustainable yield generation on its TON holdings [3] - AlphaTON will initially deploy 4 million locked TON tokens through BitGo's institutional custody platform, ensuring asset security during network validation [3][6] - P2P.org operates validator infrastructure across over 40 blockchain networks, managing over $10 billion in staked assets with a perfect track record of zero slashing incidents [4][11] Group 2: Operational Insights - The non-custodial architecture allows AlphaTON to maintain complete control over its assets while P2P.org manages the technical aspects of validator operations [7] - Staking operations will begin immediately after BitGo's integration, with P2P.org providing monitoring, reporting, and automated reward distribution services [8] - This partnership aims to maximize shareholder value through active treasury management and is part of AlphaTON's broader strategy to engage with blockchain infrastructure [6][9] Group 3: Company Overview - AlphaTON Capital focuses on building and managing a strategic reserve of TON tokens and developing the Telegram ecosystem, providing institutional-grade exposure to the TON ecosystem [9][10] - The company is led by CEO Brittany Kaiser and Chairman Enzo Villani, with activities spanning network validation, staking operations, and strategic investments in decentralized finance protocols [10]

$WBTC is now available on the Hedera network!Congrats to the community, @HederaFndn , LayerZero, and Bitgo!Hedera Foundation (@HederaFndn):WBTC, the industry’s leading tokenized form of Bitcoin, is now live on the institutional-grade @Hedera network.This integration was made possible in collaboration with Hedera Council member @BitGo alongside industry-leading teams @BiTGlobalTrust and @LayerZero_Core 🧵 https://t.co/48kKd12GEU ...

🚨JUST IN: WRAPPED BITCOIN, $WBTC, LAUNCHES ON @HEDERA NETWORK THROUGH COLLABORATION WITH @BITGO, @BITGLOBALTRUST AND @LAYERZERO_CORE ...

Core Viewpoint - Grayscale Investments has filed for an initial public offering (IPO) of its Class A common stock with the SEC, intending to list on the NYSE under the ticker symbol "GRAY" [1][3]. Company Structure - Grayscale will issue two classes of shares: Class A shares will have one vote per share and carry economic rights, while Class B shares will have ten votes each but no economic rights [4]. - Digital Currency Group (DCG), Grayscale's parent company, will maintain control through ownership of both share classes, classifying Grayscale as a "controlled company" under NYSE regulations [5]. IPO Proceeds and Structure - Proceeds from the IPO will be used to buy membership interests from existing members at the offering price, net of underwriting fees [6]. - The IPO will follow an "Up-C" structure, separating the public corporation from the operating LLC, which will not receive any proceeds from the sale [6]. Underwriting and Regulatory Status - Underwriters have an option to buy additional shares to cover over-allotments, and Grayscale qualifies as an "emerging growth company," facing lighter financial reporting requirements [7]. Industry Context - The digital asset space has seen increased momentum for crypto-related public offerings, with notable recent IPOs including tZero Group and BitGo [8]. - Circle, a stablecoin issuer, experienced significant success with its IPO in June 2025, surging more than sevenfold since going public [9].

Avalanche Ecosystem Updates - Points Market is in full swing, with Season 1 beginning on Tuesday [1] - Thirdweb added full x402 support for builders launching on Avalanche [1] - Total RWA (Real World Assets) value on Avalanche reached over $22 billion in stablecoins, indicating significant institutional adoption [1] - Avalanche surpassed 8 billion total transactions, demonstrating substantial growth across L1s (Layer 1 blockchains) [3] Partnerships and Integrations - BitGo x Hypha partnership brings institutional-grade access to Avalanche staking, allowing clients to stake and redeem $AVAX directly [1] - Pangolindex joined Base Turkiye's builder event, strengthening Web3 connections across ecosystems [2] New Features and Developments - Blaze Stream went public with its test stream, marking a new era for Web3 live experiences [2] - The Arena App V2 expansion kicked off, revealing new multichain features, onboarding, and the rise of ArenaPedia [2] - GoKiteAI built a trusted AI environment using x402s on Avalanche, powering the next wave of on-chain AI agents [3]