Anmol Khatiwada, Author at Bitmala

Trident Digital Tech to Raise $500M for World’s Largest XRP Treasury, Pushing Ripple Ecosystem Forward

Trident Digital Tech Holdings Ltd. (NASDAQ:TDTH), a Singapore-based digital transformation powerhouse, has announced its plan to raise up to $500 million to create the world’s largest XRP corporate treasury—a massive move that could significantly amplify Ripple’s presence in institutional finance.

The company is positioning XRP not just as a speculative asset, but as a core digital reserve. Trident plans to actively participate in the Ripple ecosystem through staking mechanisms and yield-generation strategies.

“This is not just a financial move—it’s a strategic transformation,” said Soon Huat Lim, Founder, Chairman, and CEO of Trident. “Digital assets are central to the future of global finance, and this initiative positions us to lead in that evolution.”

💼 How Will It Work?

XRP as Treasury Reserve: XRP will become the cornerstone of Trident’s long-term corporate reserves.
Capital Raise: The company will issue funds via a blend of equity offerings, strategic placements, and structured finance vehicles.
Strategic Advisor: Chaince Securities LLC has been brought on to guide the capital formation and deployment.
Investor Talks Underway: Trident is already in late-stage negotiations with institutional investors and crypto foundations to secure robust terms and infrastructural backing.

📅 When Is It Launching?

Subject to regulatory approvals and market conditions, the XRP Treasury is slated for rollout in H2 2025.
Trident has also committed to maintaining high governance standards and will publish regular reports on treasury allocation, governance frameworks, and disclosures in accordance with public listing norms.

💥 Why It Matters for XRP and Crypto

This move sends a strong message to institutional players: XRP is not dead weight—it’s a corporate-grade asset. With more public companies like Trident entering the space, we’re witnessing a seismic shift in how crypto integrates with traditional finance.

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Shiba Inu Launches Alpha Layer: A Game-Changer for Web3, NFTs, DeFi, and AI Developers

The Shiba Inu development team has officially unveiled the “Shiba Alpha Layer,” a powerful new framework built on Shibarium that allows developers to launch custom blockchain rollups—called RollApps—within minutes. Whether you’re working on DeFi, NFTs, gaming, or even AI applications, this starter-kit-style platform makes deployment fast, cheap, and customizable.

🧩 What Is Shiba Alpha Layer?

It’s a modular RollApp toolkit that simplifies blockchain development. Developers can configure a rollup, choose between testnet or mainnet, and deploy instantly. All RollApps are secured by the main chain, ensuring high throughput and trustless security.

TREAT: The Power Token Behind the Layer

TREAT is the native utility token used to activate or pause RollApps. Stake it to launch, unstake it when you’re done. It doubles as a gas token, especially for NFT minting and trading without external bridges.

Killer Features:

⚡ Instant Confirmations – Goodbye transaction delays.
💧 Liquidity Fusion – Eliminate fragmented liquidity pools.
🎮 Gaming Ready – Fast in-game transactions, real-time upgrades.
🖼️ NFT Friendly – Seamless minting and trading of NFTs using TREAT.
🤖 AI-Optimized – Secure and frictionless for AI-integrated dApps.
🧱 Modular Setup – Custom fee models, data policies, and integrations.

🔮 Why It Matters

This platform drastically lowers the barrier to entry for developers by offering high speed, low fees, and full customizability—unlocking new use cases for DeFi, AI, and NFTs on the network.

Shiba Layer isn’t just an upgrade—it’s a Web3 ecosystem acceler

Also Read: REXShares Files Prospectus for Solana and Ethereum Staking ETFs; Launch Expected June 2025

BlackRock’s IBIT Bitcoin ETF Hits $70B in Under a Year, Surpassing Gold Trust Growth

Yo, BlackRock just broke records with its iShares Bitcoin Trust (IBIT) pulling in $70 billion AUM in less than a year. Compare that to the SPDR Gold Trust, which took 4.5 years to hit the same mark. Bitcoin is definitely the new gold flex.

Since launching in Jan 2024, IBIT’s gains are crazy — tripling Fidelity’s Bitcoin ETF market cap and scooping up 3.3% of Bitcoin’s max supply. Just in the last few weeks, IBIT bought another $2.5B worth of BTC. Institutional hype? Check.

Meanwhile, crypto whales are making big moves too. Whale Alert spotted two huge BTC transfers (875 and 997 BTC) from Kraken to unknown wallets in under an hour. Usually, whales move coins to cold storage for long-term holding—not selling. This signals strong faith in Bitcoin’s future.

With ETFs booming and whales stacking, both retail and institutional investors are all in on BTC as a major asset for the long haul.

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REXShares Files Prospectus for Solana and Ethereum Staking ETFs; Launch Expected June 2025

Heads up, crypto fam! REXShares just filed paperwork for some sick new staking ETFs on Ethereum and Solana, and things could get real spicy as soon as June 2025.

Bloomberg’s ETF analyst James Seyffart spilled the tea on X, saying, “No exact launch date, but could drop within weeks.” The secret sauce? The filing uses a phrase that lets the ETFs go live immediately after filing — no waiting game with the SEC.

These aren’t your usual ETFs. They’re built under the 1940 Act as C-corps, letting them stake over 50% of their ETH and SOL and pass those juicy staking rewards directly to investors. Talk about passive income vibes.

But wait, the SEC’s throwing some shade — calling the filings “improper” and “potentially misleading.” They’re worried it might confuse folks. Plus, no clear staking start date means investors might still be on edge.

Will these staking ETFs be the next big thing or just another SEC headache? Stay tuned.

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Ethereum ETFs Outshine Bitcoin with $281M Inflows as ETH Price Soars 54%

Ethereum is straight-up flexing on Bitcoin right now. In just one week, spot ETH ETFs in the U.S. pulled in a wild $281 million—while Bitcoin ETFs? They lost $128 million. Yikes.

Thanks to a jaw-dropping price jump from $1,790 to over $2,700 in the last month (that’s a 54% pump!), ETH is now the crypto darling of Wall Street. Institutional investors are eating it up like it’s avocado toast.

Sosovalue’s got receipts: ETH ETFs have been on a four-week hot streak, stacking a total of $856.81M. That brings the net assets in Ethereum ETFs to $9.4 BILLION. Yeah, with a B.

Meanwhile, Bitcoin’s kind of flopping. Two straight weeks of ETF outflows totaling $157.40M and $128.81M? That’s not it.

Even with market drama like the Trump vs. Musk chaos shaking things up, ETH dipped to $2,400—but bounced right back to $2,500 by the weekend. Analysts are even hinting at a $3,000 breakout soon. If that hits, ETH might just enter its ATH (all-time high) arc.

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Pi Coin Struggles Despite 3% Gain: Is a Rebound Coming or Another Dip Ahead?

Pi Network’s token, PI, has seen a modest 3% price increase in the past 24 hours, with a 24-hour trading volume of $56.53 million—a significant drop of 29.57%, according to market data. Despite this green candle, investor confidence remains shaky as the token struggles to build meaningful momentum.

According to reliable sources, Its funding rate has remained negative since mid-March, pointing to growing short interest in the market. A persistently negative OI-weighted funding rate suggests potential for a short squeeze if sentiment shifts abruptly. However, for now, bears continue to dominate the sentiment.

On-chain indicators aren’t giving much optimism either. MACD on the daily chart is neutral, and both the 12-day and 26-day EMAs are moving flat—signaling a cooling market. Bollinger Bands, using a 20-day SMA, show tightening—an indicator of reduced volatility and price consolidation within a bearish trend zone.

Currently, it trades near a key resistance level of $0.6975. If bullish momentum picks up, we might see the price test $0.8525 and possibly approach the psychological $1 mark. However, on the downside, the token has crucial support zones at $0.60 and $0.54. A breakdown below these levels could push it toward new multi-month lows.

While on-chain data signals caution, many investors are watching for a potential reversal or short squeeze. Until then, the sentiment around PI remains neutral to bearish.

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Tether Could Be the 19th Largest Company Globally With $515B Valuation—but It’s Staying Private

If Tether followed in the footsteps of Circle and went public today, its estimated valuation of $515 billion would rank it as the 19th largest company in the world—ahead of giants like Samsung and Nestlé. But despite this astronomical figure, it has no plans to go public.

Jon Ma, a crypto investor and analyst, recently posted a chart on X showing updated global company market caps and added Tether into the mix. “Tether would be the 19th largest company in the world at $515B,” he said, drawing comparisons between it and Circle.

Circle, the stablecoin issuer behind USDC, recently went public with a valuation of around $30 billion and is projected to earn $410 billion in EBITDA by 2025. In contrast, it is expected to generate $13 billion in net profits this year—suggesting that the $515 billion valuation, while ambitious, reflects its growing dominance.

Tether CTO Paolo Ardoino called the $515B estimate a “beautiful number” and even hinted that it might be “bearish” due to the company’s expanding reserves in Bitcoin and gold. When asked why Tether wouldn’t go public, he responded simply: “No need to go public.”

With Gemini also preparing for an IPO, the stablecoin and crypto financial services space is heating up. Yet their choice to stay private shows that dominance doesn’t always require Wall Street approval.

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Breaking !Charles Hoskinson Declares Cardano Is Leading the Bitcoin DeFi Revolution

In a bold statement, Cardano founder Charles Hoskinson claimed that Cardano stands “at the nexus” of the next big DeFi wave—Bitcoin DeFi. While DeFi has flourished on Ethereum and Solana, Hoskinson believes Bitcoin’s massive untapped market is the real prize. He referred to Bitcoin as a “sleeping monstrosity,” suggesting its DeFi potential dwarfs that of Solana, which currently has over $111B in TVL.

Hoskinson wants it to unlock this potential and take the lead in the emerging Bitcoin DeFi space. He shared his 2025 goals on X, listing three focus areas: expanding Bitcoin DeFi, improving scalability via the Ouroboros Leios protocol, and strengthening its connectivity to other blockchain projects like Chainlink.

Currently, Ethereum leads with $61.2B in DeFi TVL, according to DefiLlama, but Hoskinson believes Bitcoin’s future in DeFi could eclipse all. If successful, Cardano may position itself as a foundational layer for Bitcoin-native decentralized finance.

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Know Labs to Sell Controlling Stake for 1,000 Bitcoin and $15M Cash — Greg Kidd to Take Over as CEO

Know Labs Sells Control to Greg Kidd’s Firm in $15M + 1,000 BTC Deal

Know Labs, Inc., a health-tech company focused on non-invasive monitoring, has announced a groundbreaking deal to sell a controlling interest to Goldeneye 1995 LLC, an affiliate of fintech investor Greg Kidd. The $128 million deal includes 1,000 Bitcoin and between $12 to $15 million in cash and is expected to close in Q3 2025.

The proceeds will help Know Labs repay debts, repurchase preferred stock, and fund operations. Shares will be sold at $0.335—below the current trading price of $0.51—with the total number of shares based on the value of BTC and cash divided by the share price.

Greg Kidd, former Chief Risk Officer at Ripple and early investor in Coinbase and Twitter, will become CEO and Chairman. His Bitcoin yield strategy will now go public through Know Labs, with BTC becoming the primary asset—82% of the company’s estimated market cap.

Founder Ron Erickson becomes Vice Chairman and head of a new R&D division. His salary drops to $375,000. Peter Conley will exit after the deal closes.

About 37% of shareholders already support the transaction. Cohen & Company Capital Markets is advising, with legal help from Lowenstein Sandler LLP and Sichenzia Ross Ference Carmel LLP.

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Bitcoin at $103K: Will It Break $106K or Crash to $90K? Bollinger Bands Signal Big Move

Bitcoin Stuck at $103K – Is a Major Move to $106K or $90K Coming?

Bitcoin (BTC) is at a decisive level, currently trading around $103,600. Technical indicators are showing a tightening range, pointing to either a breakout toward $106K or a possible dip to $90K.

The 4-hour chart on TradingView shows BTC holding support, while Bollinger Bands are narrowing — a typical sign of a sideways phase before a volatile move. Currently, BTC is near the lower band, hinting at short-term oversold conditions. However, bulls haven’t pushed past the mid-band, suggesting hesitation.

The daily chart reflects similar uncertainty, with key resistance at $106,000. A clear break above could trigger fresh bullish momentum. But if Bitcoin fails to break out soon, bears may drag it down toward the $90,000 support zone.

Adding weight to the bearish outlook, John Bollinger recently pointed out a “Three Pushes to a High” pattern, suggesting the rally might be over.

With over $1 billion in recent liquidations and market sentiment mixed due to macro uncertainty, traders are on edge, watching for its next big move.

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