From Passive Exposure to Active Infrastructure: The Growing Role of Bitcoin Treasuries in Yield Generation

The post From Passive Exposure to Active Infrastructure: The Growing Role of Bitcoin Treasuries in Yield Generation appeared first on Coinpedia Fintech News  Nearly 200 public companies now hold crypto on their balance sheets, but most of them follow the same script, i.e., buy Bitcoin, disclose it in a filing, and let the price swings do all the hard work.  And while that model has historically produced impressive paper gains during bull runs, it has also exposed a structural gap: whenever things go sideways, or when shareholders start asking harder questions about return on capital, passive holding does not have a clean answer.  BTCS S.A., listed on the Warsaw Stock Exchanges NewConnect market, operates on an entirely different premise where, instead of treating digital assets as a static treasury reserve, the company has built what it terms an Active Digital Asset Treasury Company (DATCO) structure.  This operational model is designed to generate recurring yield from its holdings without liquidating them, all while maintaining full regulatory transparency as a publicly listed entity. Thanks to this financial proposition, the company recently closed a Series F round (as well as launched a fresh $100M offering).  Running the Infrastructure, Not Just Owning the Assets  The practical expression of BTCS S.A.s

05-13

Ondo Finance moves $63.9mln: Is a sell-off looming?

Ondo Finance transferred 150 million $ONDO worth nearly $63.9 million to a team-linked wallet eight hours before exchange activity increased. Shortly after, the same wallet deposited 18.83M $ONDO worth $8.1M into Coinbase.  The sequence quickly attracted market attention because traders often associate large exchange deposits with potential selling pressure.  However, the wallet still retained massive $ONDO reserves after the transfer activity concluded.  Arkham data also showed that Ondo Finance continued holding 5.63B $ONDO worth roughly $2.46B.  Team-linked reserves remained above 121 million $ONDO worth nearly $54 million. Those figures suggested that internal wallets still controlled a significant supply. As a result, traders closely monitored whether additional deposits would follow the Coinbase transaction.  Exchange flows shifted back to positive  At the time of writing, Spot Netflows had turned positive after $ONDO recorded over $1.02M in exchange inflows on the 12th of May.  The reversal followed several months of dominant outflow activity across spot markets. Earlier periods showed repeated negative flows, especially during July, September, and October.  However, recent inflow spikes increased as $ONDO recovered aggressively from its long consolidation phase.  Positive Netflows usually reflect rising exchange activity because traders move tokens closer to active liquidity venues.  Therefore, the latest shift suggested that holders started repositioning after $ONDOs breakout accelerated.  Smaller inflow spikes

05-13

Senators file over 100 amendments to crypto bill ahead of markup

Members of the US Senate Banking Committee have filed more than 100 amendments to a crypto market structure bill set for markup on Thursday, with the proposed changes mostly related to stablecoins, software developers and ethics.  According to a list obtained by POLITICO, Democratic senators have proposed dozens of changes, while Republicans are seeking slight adjustments to the bill.  It is not clear what the specific details of each amendment are, but some concern issues the committee has been seeking to solve for months, including stablecoin yield, crypto software developer protections and ethics provisions.  The list offers insight into the issues the committee will likely debate at the bills markup on Thursday as it seeks to advance the measure to the Senate floor. The Senate Banking Committee indefinitely delayed a previous markup in January after major crypto lobbyist Coinbase withdrew support for the bill.  The legislation aims to divide how US market regulators oversee crypto, with the House passing a version of it in July called the CLARITY Act. Crypto and banking lobbyists, along with lawmakers, have fought over provisions on stablecoins and whether government officials should be barred from involvement in crypto.  Further restrictions on offering stablecoin yields have been the bills most contentious

05-13

CFTC backs prediction market Kalshi in appeals court fight against Ohio

The US Commodity Futures Trading Commission has backed Kalshi in the companys legal fight against the state of Ohio, asking an appeals court to affirm that the regulator has jurisdiction over prediction markets.  The CFTC filed an amicus brief in the Sixth Circuit Court of Appeals on Tuesday, accusing Ohio of “jurisdictional overreach” after state authorities told Kalshi last year to stop offering sports event contracts in the state, calling them unlicensed sports gambling.  Kalshi sued Ohio authorities in October, seeking to have a federal court stop the Ohio Casino Control Commission and the state attorney general from taking action, but the court denied the request in March, leading Kalshi to appeal the decision.  “The federal district court in Ohio took an improperly narrow view of the Commission‘s jurisdiction, and we are asking the Court of Appeals to correct that error,” CFTC Chairman Mike Selig said in a statement. “As I’ve said repeatedly, the CFTC will not allow overzealous state governments to undermine the agencys longstanding authority over these markets.”  The dispute is one of many similar cases determining whether states have the power to restrict federally regulated prediction markets and has implications for major prediction market platforms such as Kalshi and Polymarket.  The CFTCs

05-13

Galaxy SharpLink fund targets $125M DeFi yield

Galaxy Digital and SharpLink have launched the Galaxy SharpLink Onchain Yield Fund with $125 million to deploy into DeFi protocols.SharpLink will commit $100 million from its staked ETH treasury to the fund, with Galaxy Digital contributing $25 million and managing investments.Capital will be deployed across DeFi liquidity protocols and onchain yield strategies while maintaining SharpLinks core Ethereum exposure.SharpLink holds 872,984 ETH in treasury and has generated 18,800 ETH in staking rewards since launching its Ethereum strategy in June 2025.  Galaxy Digital and SharpLink announced a non-binding agreement on May 11 to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million limited partnership structured to put part of SharpLinks staked Ethereum treasury to work across DeFi strategies. Galaxy will serve as investment manager.  SharpLink will contribute $100 million from its staked ETH position, with Galaxy adding $25 million of its own capital. Mike Novogratz, founder and CEO of Galaxy, said the infrastructure for institutional DeFi participation “has matured to a point where allocators can access yield, liquidity, and risk management with the same rigor they expect in traditional markets.”  What the fund will do  The fund will deploy capital across DeFi liquidity protocols and other onchain yield-generating strategies. The structure is designed to keep

05-13

Ethereum Introduces ERC-7730 Standard to Combat Blind Signing Threats

Ethereum  Ethereum Introduces ERC-7730 Standard to Combat Blind Signing ThreatsEthereum Foundation introduces ERC-7730 standard for transparent wallet transaction approvalsNew protocol addresses dangerous blind signing practices that enable crypto theftClear Signing registry provides human-readable transaction information to wallet usersInitiative responds to major security breaches involving unclear transaction approvalsERC-7730 establishes unified framework for secure transaction confirmation processes  The Ethereum Foundation has unveiled ERC-7730, an innovative open standard designed to eliminate blind signing vulnerabilities in cryptocurrency transactions. This initiative, supported by the Foundations Trillion Dollar Security Initiative, directly addresses security weaknesses that have enabled significant crypto theft incidents, including the devastating Bybit breach.  Understanding the ERC-7730 Clear Transaction Framework  The ERC-7730 protocol addresses a critical vulnerability in how cryptocurrency wallets handle transaction approvals. Currently, countless users authorize transactions without comprehending the underlying actions theyre confirming. This confusion creates opportunities for malicious actors to exploit unclear approval processes and drain user funds.  ERC-7730 establishes a standardized framework for presenting transaction information in plain language. Rather than displaying cryptic technical code, wallets can now show understandable descriptions of each transactions purpose and consequences. This transparency enables users to make informed decisions before permanently committing transactions to the blockchain.  The protocol integrates seamlessly with existing Ethereum infrastructure without demanding extensive smart contract

05-13

Ethereum Targets 200M Gas Limit Ahead of Glamsterdam Upgrade

The Ethereum Foundation has reached a significant milestone ahead of its upcoming Glamsterdam upgrade, hitting a 200 million gas limit floor. This marks a major leap from the current limit of roughly 60 million, signaling a substantial improvement in network capacity and transaction processing speeds.  Initially slated for June 2026, the Glamsterdam upgrade is now expected to roll out in Q3. According to the Ethereum Foundation, the update will “fundamentally update how Ethereum creates and verifies blocks” by overhauling transaction processing and database management on the layer-1 chain. Glamsterdam devnets are already live, paving the way for testing and refinement.  Technical Developments: ePBS and EIP-8037  Among the technical advancements is the stabilization of enshrined Proposer-Builder Separation (ePBS). Unlike its predecessor, ePBS integrates block-building separation directly into Ethereum‘s protocol, minimizing reliance on external relays. This enhancement bolsters the network’s ability to handle larger blocks while maintaining security and decentralization.  Another finalized proposal, EIP-8037, introduces smarter pricing mechanisms for data storage. By increasing costs for state creation operations, the proposal mitigates excessive state growth, a key concern as block gas limits expand. These improvements streamline Ethereums infrastructure, preparing it for higher throughput and sustained scalability.  Leadership Changes in Ethereum Foundation  The Ethereum Foundation is also undergoing a leadership

05-13

Garrett Jin Ethereum whale moves $1.35B to Binance

Ethereum whale Garrett Jin moved 577,896 ETH worth $1.35 billion to Binance over four days, per Lookonchain.Garrett Jin transferred his entire 577,896 ETH position to Binance over four days, accumulating an estimated $1.3 billion in unrealized losses.Jin originally swapped Bitcoin for ETH eight months ago at around $4,591, well above the current trading price of approximately $2,300.Total Ethereum exchange reserves climbed from 14.36 million to 14.95 million ETH since May 5, per CryptoQuant data, adding supply pressure.  An Ethereum whale identified as Garrett Jin deposited all 577,896 ETH worth roughly $1.35 billion into Binance over four consecutive days, raising concerns about potential selling pressure. Lookonchain flagged the transfers on May 10 and 11.  Jin originally converted Bitcoin to Ethereum eight months ago when ETH was trading at approximately $4,591. With ETH now holding near $2,300, Lookonchain noted he is sitting on roughly $1.3 billion in unrealized losses. His position represents one of the largest single-wallet inflows to a centralised exchange in Ethereums recent trading history.  Why this move is triggering concern  A transfer to an exchange does not guarantee an immediate sale. Whales sometimes move funds for collateral posting, liquidity management, or OTC desk activity. The scale and the fact that Jin moved his

05-13

GameStop’s $56B Bid for eBay Rejected Over Funding Fears

eBay rejected GameStops $56B bid, citing weak financing certainty and rising execution risks.Investors questioned GameStops debt-heavy takeover plan as both stocks faced market pressure.Analysts doubted synergies between GameStop and eBay, fueling skepticism over the merger plan.  eBay rejected GameStop‘s $56 billion takeover proposal on Tuesday, calling the unsolicited offer “neither credible nor attractive.” The move sets up a setback for GameStop’s attempt to acquire the online marketplace, as investors reassess the feasibility of the deal across U.S. equity markets. GameStop proposed a $125 per share cash-and-stock offer, but eBay turned it down after reviewing financing and execution risks.  As per reports, the rejection followed concerns over funding structure, leverage, and operational integration. GameStop CEO Ryan Cohen proposed a mix of cash, stock, and debt financing backed by TD Securities. However, eBay said uncertainty around the financing reduced confidence in the offer. As a result, both stocks traded under pressure as investors widened the gap between the offer price and market valuations.  Financing Gaps and Credit Concerns Shape Rejection  eBay chairman Paul Pressler said the board rejected the proposal after an independent review. He stated, “We have concluded that your proposal is neither credible nor attractive.” The company also raised concerns over execution risk and

05-13

US FTC sends compliance letters to Amazon, Alphabet, Apple over new intimate image removal law

The Federal Trade Commission just put the largest tech companies in America on notice. Chairman Andrew N. Ferguson sent compliance letters to Amazon, Alphabet, and Apple, among others, reminding them of their legal obligations under the Take It Down Act, a new federal law that criminalizes the distribution of nonconsensual intimate images online.  The law, which took effect on May 19, 2025, requires platforms to remove such content within 48 hours of receiving a valid takedown request. Violations carry penalties of up to $43,792 per offense.  What the Take It Down Act actually requires  The core mechanism is straightforward. A victim submits a removal request. The platform has 48 hours to take the content down. Failure to comply triggers per-violation fines that could stack up quickly for repeat offenders or platforms that drag their feet.  The FTCs letters went beyond just Amazon, Alphabet, and Apple. Meta and Microsoft were also among the recipients, making this a sweep across virtually every major consumer technology platform in the US.  The FTCs broader crackdown on Big Tech behavior  The compliance letters about TIDA werent the only recent warnings the FTC has fired off at these companies. Separately, the commission has cautioned the same firms against weakening US consumer data

05-13
1
...
558560
...
1000