Digital Assets

Citigroup has made a strategic investment in BVNK, a fintech startup specializing in stablecoin infrastructure, signaling growing institutional adoption of digital assets. BVNK provides payment infrastructure for global stablecoin transactions, facilitating seamless capital movement between fiat and cryptocurrencies. BVNK’s valuation exceeds $750 million. The investment, channeled through Citi Ventures, highlights Citi’s commitment to fintech innovation. BVNK is experiencing growth in the U.S., driven by a supportive regulatory environment. Other banks are also exploring stablecoins and blockchain, indicating Wall Street’s increasing embrace of crypto.

ALT5 Sigma (NASDAQ:ALTS) will participate in the A.G.P. Digital Assets & Technology Showcase on October 8, 2025. CFO Jonathan Hugh, along with Zak Folkman and Matt Morgan from World Liberty Financial, will discuss business strategies and developments in the digital asset landscape. The presentation will explore ALT5 Sigma’s digital asset treasury strategy, leveraging $WLFI, and synergies with World Liberty Financial. The A.G.P. DAT Showcase connects tech companies with investors. ALT5 Sigma focuses on optimizing its digital asset treasury and capitalizing on growth within the $WLFI ecosystem.

Universal Digital Inc. (LFGMF) announced strategic agreements to boost growth in the digital asset space. These include settling $200,400 debt by issuing 334,000 shares, a marketing agreement with Outside The Box Capital involving cash and stock options, and a strategic advisory agreement granting 1,500,000 RSUs. These initiatives aim to strengthen market position and expand digital presence, while potential dilution and cash commitments are notable considerations.

Kevin Durant’s forgotten Coinbase account, containing Bitcoin purchased in 2016, has become a surprisingly profitable investment due to the cryptocurrency’s surge in value. Agent Rich Kleiman revealed that Durant’s team has been unable to access the account due to a forgotten password, leading to an unintentional “hodl” strategy. While Bitcoin’s value has skyrocketed by over 11,000% since Durant’s initial investment, the situation highlights the challenges of digital asset management and account recovery, even for prominent figures. Durant and Kleiman are also investors in Coinbase Global and have a partnership with the platform.

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has priced its IPO at $28 per share, valuing the company at $3.3 billion. The IPO, limited to $425 million, witnessed strong demand exceeding the initial price range. Up to 30% of shares are allocated for retail investors via platforms like Robinhood. Nasdaq’s $50 million investment provides a confidence boost. Gemini, founded in 2014, manages over $21 billion in assets and offers diverse services, including its own stablecoin and a crypto-backed credit card. The IPO’s success will gauge market appetite for crypto-related offerings amid potential profitability challenges.

Amber International (Nasdaq: AMBR), operating as Amber Premium, has launched its Real World Asset (RWA) Solution, a full-stack platform designed for institutional regulatory compliance in tokenizing real-world assets. This turnkey solution aims to enhance security, liquidity, and programmability while facilitating the entire asset lifecycle, from issuance to liquidity management. Key features include structuring & governance frameworks, smart contract automation, cross-chain interoperability, bank-grade custody, and DeFi strategies. The RWA solution seeks to bridge traditional finance and DeFi, signaling Amber’s commitment to serving institutional investors in the digital asset space.

Noah Holdings (NYSE: NOAH & HKEX: 6686) reported Q2 2025 net revenues of RMB 630 million, a 2.2% YoY increase, with non-GAAP net income surging 78.2% YoY. Overseas revenue accounted for nearly half of total net revenues. AUM reached RMB 145.1 billion. Noah is expanding its global presence, including a partnership with Coinbase for a stablecoin yield fund, and focusing on AI integration and operational efficiency to sustain growth. The company is strategically targeting global Chinese HNWIs with diverse product offerings and enhanced services.

ETHZilla (formerly 180 Life Sciences) announced it has accumulated 82,186 ETH, valued at approximately $349 million, with an average purchase price of $3,806.71. The company also maintains $238 million in USD cash equivalents. ETHZilla plans to generate yield from its ETH holdings through staking strategies managed by Electric Capital. The company is pivoting towards software-enabled gaming and entertainment, aiming to be a leader in on-chain treasury management and will provide regular updates on its progress.

Cango Inc. (NYSE: CANG) has completed its strategic shift to Bitcoin mining with a new Board and senior management team. Xin Jin, founder and CEO of Antalpha Platform Holding Company, is the new Chairman. Peng Yu, with experience in BTC mining, energy, and asset management, assumes the role of CEO. The leadership changes coincide with the resignations of Xiaojun Zhang and Jiayuan Lin. This transformation signals Cango’s ambition to establish a presence in the digital asset space.

SharpLink Gaming expanded its Ethereum holdings by acquiring 9,468 ETH, bringing its total to nearly 200,000 ETH. The company funded this through its ATM facility and plans further Ethereum accumulation, viewing it as a foundational currency for digital commerce. SharpLink also appointed Elevate IR as its investor relations agency to communicate its evolving strategy.