Crypto platform Bullish has announced its acquisition of Equiniti, a global transfer agent, for $4.25 billion. This strategic move aims to integrate Equiniti's regulated transfer agent services with Bullish's existing tokenization capabilities, enhancing their infrastructure for tokenized securities. The acquisition reflects the growing trend of traditional financial institutions embracing blockchain technology to offer 24/7 trading.
Bitmine, now a public company, has become the largest corporate Ethereum treasury with over $10 billion in staked ETH. The Las Vegas-based firm holds 4.36 million ETH, representing more than 84% of its total holdings, as it bets on Ethereum's proof-of-stake economy. This move underscores the increasing institutional interest in Ethereum's staking model.
U.S. spot Bitcoin ETFs have drawn $532 million in inflows, marking a third consecutive day of significant investment. This influx coincides with Bitcoin surpassing the $80,000 mark, driven by improved risk sentiment following geopolitical developments. The trend highlights the growing appeal of Bitcoin ETFs among institutional investors.
The CFTC is exploring the implementation of rules to protect non-custodial software developers from needing to register as brokers. This follows a no-action letter issued to Phantom, a crypto wallet provider, which set a precedent for non-custodial entities. The potential regulatory shift aims to clarify the responsibilities and protections for software developers in the crypto space.