Apparently, even cypherpunks hate paying taxes. So-called 351 exchanges are all the rage with wealthy investors who want to transfer assets between holdings in their portfolios without triggering capital gains taxes. They also let investors with heavily concentrated stock positions convert them into a diversified exchange-traded fund. But what about cryptocurrencies, like bitcoin? Some experts are working on new strategies that, one day, may allow digital assets to be converted into indexed products witho ...

Justin Sun plans to add between $50 million and $100 million worth of bitcoin (BTC) to the blockchain's holdings, the Tron founder told CoinDesk. Bitcoin fell as low as $74,674 during the Asian morning on Monday, its lowest point since last April with BTC now having lost 21% of its value since Jan. 15. It would mark as astute purchase in comparison to the hoards of digital asset treasury (DAT) companies that raised money to purchase crypto at record highs last year, many of which are now facing losses o ...

Company Actions - Reliance Global Group 将其整个数字资产国库整合到 Zcash 中 [1] Industry Focus - 该公司认为 Zcash 的隐私架构非常适合机构战略 [1]

Market Trends & Investment Opportunities - Bitwise CIO Matt Hougan 表示，多数数字资产 treasury 公司将以折价交易，因为流动性不足、费用高昂和风险较高 [1] - 只有那些能够增加每股加密货币数量的卓越公司，才能够以溢价交易 [1]

Company Holdings - NEOWIZ 持有 123 BTC（比特币）在其数字资产金库中 [1]

Financial Activities - OceanPal 完成 1.2 亿美元融资 [1] Strategic Initiatives - OceanPal 将与 NEAR 基金会合作，启动 SovereignAI 和数字资产金库 [1]

Core Insights - Ripple Labs Inc. is in advanced negotiations to lease approximately 90,000 square feet of office space at One Leadenhall in London's financial district, indicating its ongoing expansion strategy [1][2] - The lease rate is around £140 ($187.33) per square foot, making it one of the most expensive in London, reflecting the significant increase in office rents since 2021 [2] - Ripple's expansion follows a $1 billion acquisition of GTreasury, enhancing its presence in the corporate treasury market [4] Company Expansion - Ripple currently operates from Angel Court and employs over 900 people across 15 global offices, indicating a steady growth in its physical and digital presence [3] - The recent acquisition of GTreasury allows Ripple to optimize liquidity and access the global repo market, further solidifying its market position [4] - Ripple has also announced a partnership with Absa Bank to provide digital asset custody services in South Africa, aiming to expand its footprint in Africa by 2025 [5] Financial Strategies - Ripple is reportedly raising up to $1 billion for an XRP-focused digital asset treasury (DAT) through a special purpose acquisition company (SPAC) [6] - The company plans to purchase $1 billion worth of XRP for the treasury while incorporating a portion of its existing token reserves [6] - Ripple is backing Evernorth, a company designed to hold XRP and go public via a SPAC merger, which aims to provide institutional investors with indirect exposure to XRP [7][8]

Fundraising Initiative - Ripple Labs 正在牵头一项至少 10 亿美元（$1 billion）的融资计划 [1] - 资金将通过 SPAC（特殊目的收购公司）筹集 [1] - Ripple 将贡献一部分自己的 XRP 到资金池 [1] Digital Asset Treasury - 目标是建立一个新的数字资产资金池，用于积累 XRP [1]

Market Trends & Cryptocurrency Performance - Bitcoin fell to the $18,000 level, Ether traded just above $3,900, and Ripple's XRP fell by 2.36% [2] - Paxos accidentally minted $300 trillion worth of PYUSD due to a technical error but burned the excess tokens immediately [3][4] - BlackRock reconfigured its Select Treasury-based liquidity fund to comply with the Genius Act, potentially serving as a reserve asset for stablecoin issuers [5][6] Acquisitions & Expansion - Ripple acquired GT Treasury for $1 billion to bring blockchain infrastructure to corporate finance [2] - Kraken acquired a derivatives exchange (a CFTC licensed designated contract market) from IG Group for $100 million, expanding its global trading infrastructure [7][8] - Kindly MD merged with Nakamoto Holdings, a Bitcoin investment company [8][11] Regulatory & Political Landscape - The Genius Act became law in July, marking a major piece of crypto legislation [5][31] - A market structure bill and a Bitcoin-specific bill are on the horizon, addressing taxes and mining in the United States [35][36] Digital Asset Treasury (DAT) Strategies - The digital asset treasury space is relatively young, with the market scrutinizing these plays and seeking differentiation in strategies [11][12][13] - Companies are exploring unique approaches, such as targeting international markets, focusing on specific asset categories, or rolling up operating businesses [14][15] - The industry anticipates significant growth in institutional investment in Bitcoin over the next decade [29]

Digital Asset Treasury - Aurelion (Antalpha) 成为 XAUT 的首个数字资产国库 [1] - Aurelion (Antalpha) 收购了价值 1.34 亿美元的 33,318 Tether Gold [1]