Core Insights - Bakkt Holdings, Inc. has announced the acquisition of Distributed Technologies Research Ltd. (DTR), enhancing its global stablecoin settlement and programmable payments strategy [1][2] - The company will operate under the name "Bakkt, Inc." starting January 22, 2026, and plans to host an Investor Day on March 17, 2026 [1][4] Acquisition Details - Bakkt will issue shares of its Class A common stock representing 31.5% of the "Bakkt Share Number" as consideration for DTR, amounting to approximately 9,128,682 shares [2] - The final number of shares will be determined according to the Cooperation Agreement and may change before the transaction closes [2] - The acquisition is expected to accelerate Bakkt's time-to-market for stablecoin settlement and reduce third-party dependency [2] Governance and Approval - The transaction is subject to customary closing conditions, including regulatory approvals and stockholder approval [3] - An independent special committee of Bakkt's Board of Directors evaluated and approved the transaction to ensure robust governance [3] Strategic Implications - The acquisition is seen as a strategic fit that will consolidate Bakkt's stablecoin settlement infrastructure and support its neobanking strategy [4] - Bakkt aims to create a unified global financial infrastructure platform by integrating DTR's technology with its own market presence and regulatory framework [4] - The transaction is expected to unlock new capabilities and efficiencies for merchants, financial institutions, and end users [4]

As filed with the U.S. Securities and Exchange Commission on January 12, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 82-3998490 (I.R.S. Employer Identification Number) 101 S. Reid Stree ...

Core Viewpoint - Trump Media & Technology Group (DJT) is launching a new cryptocurrency linked to its Truth Social platform, which may enhance user engagement and create new monetization channels, despite the company's weak fundamentals and the inherent volatility of crypto ventures [1][3][5]. Group 1: Cryptocurrency Launch - The announcement of a cryptocurrency is expected to generate significant publicity, potentially increasing user engagement on Truth Social [3]. - This move indicates a diversification strategy for DJT, moving beyond traditional advertising and subscriptions into the digital asset economy [3]. Group 2: Financial Performance - In the latest reported quarter, DJT's revenue fell below $1 million, indicating weak financial fundamentals and a stretched valuation compared to peers [5]. - The company's losses are increasing, and Truth Social's user base is significantly smaller than that of mainstream platforms, limiting monetization potential [5]. Group 3: Market Sentiment and Technical Indicators - DJT stock has been volatile, down approximately 33% from its July high, with price rallies primarily driven by political momentum rather than improving financials [2][6]. - The stock is trading below its 100-day moving average, indicating a long-term bearish trend [6]. Group 4: Lack of Wall Street Coverage - DJT shares lack coverage from Wall Street, leaving investors without professional guidance and increasing vulnerability to hype-driven market swings [7][8]. - The absence of independent valuation benchmarks or forecasts contributes to heightened risks for investors [8].

Core Viewpoint - Banxa Holdings Inc. has successfully completed a plan of arrangement with OSL Group, resulting in Banxa becoming a wholly-owned subsidiary of OSL Group, with shareholders receiving cash consideration of C$1.55 per share [1][2][10]. Group 1: Arrangement Details - The Arrangement became effective at 12:01 a.m. on January 2, 2026, allowing each registered holder of Banxa Shares to receive C$1.55 for each share held [2]. - The total consideration paid by the Purchaser for the Banxa Shares amounted to C$80,355,230.20, representing 100% of the issued and outstanding shares [10]. - Banxa Shares are expected to be delisted from the TSX Venture Exchange by the close of business on January 5, 2026, followed by delisting from the OTC and Frankfurt Stock Exchange [4]. Group 2: Strategic Implications - The acquisition is seen as a pivotal milestone for Banxa, enhancing its global payment network by integrating with OSL's stablecoin and trading infrastructure, thereby facilitating a bridge between traditional finance and the digital asset economy [3]. - The combined capabilities of Banxa and OSL are expected to create a regulated engine that supports seamless global commerce for partners and users [3]. Group 3: Shareholder Information - Registered shareholders must complete and submit a letter of transmittal to receive their cash consideration [5]. - Non-registered shareholders are advised to contact their intermediaries for assistance in depositing their shares [6]. - Holders of stock options and warrants are encouraged to reach out to the company for information regarding their entitlements under the Arrangement [7]. Group 4: Legal and Compliance - Legal counsel for Banxa and OSL Group during the Arrangement included Cassels Brock & Blackwell LLP and Stikeman Elliott LLP, respectively [8]. - The Purchaser will file an early warning report in compliance with securities laws, which will be accessible on the company's SEDAR+ profile [9].

As filed with the U.S. Securities and Exchange Commission on December 22, 2025 Registration No. 333-290409 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 82-3998490 (I.R.S. Employer Identificat ...

Core Insights - 21shares has published its latest State of Crypto report, outlining ten predictions for the evolution of digital assets leading into 2026, emphasizing the transition of crypto from peripheral finance to core infrastructure [1][2][3] Industry Developments - The report highlights a year of synchronized institutional adoption, regulatory clarity, and product innovation, which has strengthened the foundational aspects of the crypto market [2] - Key themes include the evolution of Bitcoin, the growth of the ETP market, the emergence of a trillion-dollar stablecoin market, a revitalized DeFi ecosystem, and the rise of agentic finance [2][3] Predictions for 2026 - Bitcoin's halving cycle is becoming less impactful, indicating a shift towards maturity as a macro asset, with structural inflows and regulatory clarity taking precedence [5] - Global crypto ETPs are projected to surpass the Nasdaq-100 ETF by the end of 2026, with assets under management (AUM) expected to reach $400 billion, driven by increasing regulatory frameworks [5] - The supply of stablecoins is anticipated to grow from over $300 billion in 2025 to $1 trillion in 2026, supported by regulatory advancements [5] - Prediction markets are expected to onboard millions of users, with annual traded volume projected to exceed $100 billion [5] - Tokenized real-world assets (RWAs) are forecasted to increase from $35 billion in total value locked (TVL) in 2025 to over $500 billion in 2026, driven by institutional adoption and regulatory support [5]

Core Insights - 21shares has published its latest State of Crypto report, outlining ten evidence-led predictions for the evolution of digital assets leading into 2026, emphasizing the transition of crypto from the edges of finance to its core infrastructure [1][2][3] Industry Developments - The report highlights a year of synchronized institutional adoption, regulatory clarity, and product innovation, which has anchored the market with structural inflows and macro realignment [2] - Key themes include the evolution of Bitcoin, the growth of the ETP market, a projected $1 trillion stablecoin market, a resurgent DeFi ecosystem, and the rise of agentic finance [2][3] Predictions for 2026 - Bitcoin's halving cycle is becoming less impactful as structural inflows and regulatory clarity take precedence, indicating a maturation of Bitcoin as a macro asset [5] - Global crypto ETPs are expected to surpass the Nasdaq-100 ETF by the end of 2026, with assets under management (AUM) projected to reach $400 billion, driven by increasing regulatory frameworks [5] - The supply of stablecoins is anticipated to grow from over $300 billion in 2025 to $1 trillion in 2026, supported by regulatory advancements like the Genius ACT and MiCA [5] - Prediction markets are expected to onboard millions of users, with annual traded volume projected to exceed $100 billion, driven by geopolitical events and improved crypto infrastructure [5] - Tokenized real-world assets (RWAs) are predicted to increase from $35 billion in total value locked (TVL) in 2025 to over $500 billion in 2026, facilitated by regulatory clarity such as the Clarity Act [5]

Core Insights - PNC Bank has become the first major U.S. bank to enable direct Bitcoin trading for its clients, allowing eligible PNC Private Bank clients to buy, sell, and hold Bitcoin through its digital banking platform [1][11] - This initiative is part of a strategic partnership with Coinbase, aimed at providing secure and innovative digital asset solutions [2][6] Group 1: PNC's Bitcoin Trading Launch - The launch integrates Coinbase's institutional-grade "Crypto-as-a-Service" (CaaS) infrastructure into the PNC Private Bank Online platform, enabling clients to manage Bitcoin transactions securely [3][7] - PNC Private Bank serves high- and ultra-high-net-worth clients, providing them with seamless access to the digital asset economy [3] Group 2: Industry Trends - Other banks, such as JPMorgan Chase and Citigroup, are also adopting crypto infrastructure, indicating a broader industry shift towards integrating traditional banking with digital asset capabilities [4][5] - JPMorgan has launched its blockchain-based JPM Coin for institutional payments, while Citigroup is enhancing its digital asset payment capabilities through a partnership with Coinbase [4][5] Group 3: Future Plans and Market Position - PNC plans to expand access to additional client segments and introduce enhanced features in future phases, broadening its digital asset offerings while maintaining security [8] - The entry into direct Bitcoin trading positions PNC as a first mover among major banks, enhancing its competitive edge in the market [9] Group 4: Financial Performance - PNC shares have increased by 13.7% over the past six months, compared to a 23% growth in the industry [10]

As filed with the U.S. Securities and Exchange Commission on December 2, 2025 Registration No. 333-290409 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO (Primary Standard Industrial Classification Code Number) FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITGO HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 6199 82-3998490 (I.R.S. Employer Identificati ...

Core Insights - BitMine Immersion Technologies (BMNR) has seen a significant decline in its stock price, dropping 46.1% over the past 30 days, underperforming compared to peers like Bitfarms Limited and AppLovin Corporation [1][7] - The company is currently trading at a substantial discount to its 52-week high of $161, with a focus on accumulating Ethereum for long-term investment [4][7] - BMNR aims to secure 5% of the total Ethereum supply, currently holding approximately 3.63 million tokens, which reflects its ambition in the digital asset economy [6][8] Factors Supporting BMNR - The rise of stablecoins in the digital asset ecosystem is benefiting BitMine, as they facilitate broader adoption of digital assets and enhance the usage of blockchains like Ethereum [5] - BitMine completed a $250 million PIPE private placement earlier this year to support its strategic transition, significantly increasing its Ethereum holdings [6] - The company has a shareholder-friendly approach, recently declaring an annual dividend of $0.01 per share, marking it as the first large-cap crypto company to do so [10] Factors Working Against BMNR - BMNR's stock has fallen below its 50-day moving average, indicating a bearish trend and prompting caution among investors [11] - Valuation concerns persist, with BMNR currently holding a Value Score of F, suggesting overvaluation compared to peers [14] - The stock's performance is highly correlated with the volatile crypto market, and recent declines in Ethereum prices have negatively impacted BMNR's stock [15][18] Investment Outlook - Despite the challenges, the Wall Street average target price for BMNR stock suggests a potential upside of 72% from current levels [16] - However, headwinds such as regulatory risks, market volatility, and competition from alternative blockchain networks may hinder the stock's performance [18] - It is advised to monitor the company's developments closely for a more favorable entry point rather than buying the dip at this time [19]