A patchwork of crypto executives is teaming up to raise $200 million to take their blank-check company public amid a boom in crypto public debuts. The Cayman Islands-based Bitcoin Infrastructure Acquisition Corp Ltd, a special purpose acquisition company (SPAC), plans to offer 20 million shares for $10 each on the Nasdaq under the ticker “BIXIU,”
The second-annual Bitcoin Asia 2025 conference kicked off Aug. 28 in Hong Kong, welcoming leaders worldwide in the virtual currency space. The city has also pursued onerous regulations to rein in the dealings of digital assets to protect investors and control financial risks. The two-day event attracted more than 17,000 ticket registrations, nearly three times
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Chinese fintech Linklogis joins XRPL’s expanding ecosystem while Philippine lawmakers advance blockchain transparency initiatives. As a whole, government adoption accelerates across APAC with strategic Bitcoin reserves and on-chain
Former Coinbase executive Balaji Srinivasan transforms troubled Forest City development into a laboratory for blockchain-based governance and startup societies in Malaysia. Bloomberg reported that a radical experiment in crypto governance is unfolding in Malaysia’s Forest City. The project explores how cryptocurrency and shared ideology might redefine citizenship. Network School Emerges in Forest City Tech entrepreneurs
Venture investors have poured nearly $100 million into stablecoin startups, backing new infrastructure for programmable money. M0, a Switzerland-based platform that lets developers issue custom stablecoins, announced a $40 million Series B raise on Thursday led by Polychain Capital and Ribbit Capital. Founded in 2023, the company has partnered with projects including MetaMask and Playtron
Somnia, a gaming and entertainment-focused blockchain, has partnered with Fireblocks, a prominent platform for digital asset custody. The partnership aims to integrate the enterprise-level security infrastructure of Fireblocks into Somnia’s platform to ensure secure issuance, storage, and movement of digital assets. As the platform disclosed in its official social media announcement, the collaboration will build
Ikuyo, a Japanese automotive parts manufacturer, decided to underwrite a 300 million yen, $2 million, third-party allocation of new shares to US-based Galactic Holdings, Inc. This investment signals the automotive industry’s blockchain payment transformation across global supply chains. Stock Rallies to Unprecedented Highs Following a strategic digital currency investment disclosure, Ikuyo shares reached unprecedented highs
China is aiming to achieve a 70% penetration rate of AI technologies within the next couple of years, enabling its population to utilize “next-generation smart terminals, intelligent agents, and other applications” by 2027, according to a State Council directive that sets the country’s most ambitious artificial intelligence targets to date. The policy aims to “reshape
BitMine’s stock price has been falling today, even though the Ethereum price has regained the $4,500 mark. This is particularly surprising because Bitmine is an Ethereum treasury firm. Analysts claim that a recent unlock of PIPE shares is responsible. These shares help Bitmine efficiently raise capital for token purchases, but they do have occasional drawbacks
Gryphon Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement. Gryphon’s shares jumped 42.1% on Thursday to $1.75 from $1.35, according to Google Finance. The rally came as American Bitcoin’s largest investor, Hut 8 CEO Asher Genoot, told Reuters the merger between