BitGo Acquires NYDIG Assets as Institutional Strategy Grows

TLDRBitGo completed the acquisition of NYDIGs institutional trading business and related assets on August 27.The deal adds derivatives, structured products, financing, and capital markets services to BitGos platform.Around 30 NYDIG employees and existing institutional client relationships will move to BitGo.BitGo aims to strengthen its regulated platform covering custody, trading, financing, settlement, and digital asset services.NYDIG will now focus on power generation, Bitcoin mining, and high-performance computing data centers.  BitGo has completed the acquisition of NYDIGs institutional trading business and related assets, adding new trading, financing, and derivatives capabilities to its platform. The deal, announced on August 27, also brings about 30 NYDIG employees and their institutional client relationships into BitGo.  The acquisition expands BitGos push to offer more services to professional investors through one regulated platform. The company already provides custody, wallets, staking, settlement, and trading services to institutions across digital asset markets.  BitGo Expands Institutional Markets Platform  BitGo said NYDIG‘s team will add expertise in derivatives, structured products, financing, and capital markets. These services will sit alongside BitGo’s existing custody and trading operations rather than replace current products.  CEO Mike Belshe said institutions increasingly want one partner that can support digital assets from custody and trading through financing and settlement. BitGo expects the acquired

08-28انڈسٹری

Euro: ECB hike view supports range against US Dollar

Danske Research Team notes that EUR/USD remains steady near 1.1650 as markets reassess the ECB outlook. August inflation indicators are expected to show firmer headline inflation but contained underlying price pressures, supporting Danskes view of a final 25bp ECB rate hike in September followed by an extended pause, with the deposit rate seen at 2.50% through 2027.  Pair steady with ECB path repriced  “In the euro area, the first indications of August inflation are released, starting with France and Spain. We expect euro area inflation to rise to 3.4% y/y from 3.0% y/y, while core inflation is expected to remain unchanged at 2.5% y/y. The increase should be driven entirely by energy inflation, as pump prices are up 5% m/m for gasoline and 8% m/m for diesel. Core inflation momentum should remain muted, as also suggested by the PMI price components. ”  “Furthermore, we await the European Commission‘s business survey for the euro area in August, with focus on firms’ selling price expectations. These have declined in recent months after rising in March and April. With services expectations now back at pre-war levels, further declines should reduce expectations for more than one additional 25bp ECB rate hike.”  “In the euro area, the ECBs July

08-28انڈسٹری

SEC Clears Evernorth Filing, What Comes Next for XRPN?

TLDREvernorth moved closer to a Nasdaq listing after the SEC declared its S-4 registration statement effective.The company plans to go public through a merger with Armada Acquisition Corp. II and trade under the ticker XRPN.Evernorth aims to give public market investors regulated exposure to XRP without requiring direct token ownership.The proposed deal covers up to 34.5 million Class A shares and about 11.5 million warrants.Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken and GSR are among Evernorths investors.  Evernorth moved closer to a Nasdaq listing after the U.S. Securities and Exchange Commission declared its S-4 registration statement effective. The decision allows the XRP-focused company to continue its planned merger with Armada Acquisition Corp. II.  The company wants to offer public market investors regulated exposure to XRP without requiring direct token ownership. Evernorth also plans to invest in XRP infrastructure and use treasury strategies aimed at increasing XRP held per share.  Evernorth Advances Toward Nasdaq Listing  Evernorth announced the SEC action on August 27, 2026. The filing relates to its proposed business combination with Armada Acquisition Corp. II, a Cayman Islands special purpose acquisition company.  The deal, signed on October 19, 2025, also names Ripple Labs as a party. If shareholders approve the transaction, the combined

08-28انڈسٹری

GBP/USD Price Forecast: Holds steady to near 1.3600, with bullish bias intact above 100-day SMA

The GBP/USD pair steadies around 1.3590 during the early European session on Friday. Traders pared expectations for ‌an interest rate hike by the Bank of England (BoE) this year and shifted their attention to the annual symposium on monetary policy at Jackson Hole in the US later on Friday.  Traders await the Federal Reserve (Fed) Chair Kevin Warsh‘s speech at the Jackson Hole symposium for clues on his policy outlook. This event could provide more clarity on his outlook for the US economy, interest rate outlook, and how the US central bank will bring inflation back to the Fed’s 2% target. Any hawkish comments from Fed officials could help limit the Greenbacks losses in the near term.  On the UKs front, markets now expect the BoE to hike interest rates by 24.7 basis points by December, meaning they no longer expect a 25-bp hike by the UK central bank this year, according to LSEG data. This reflected that markets were slowly coming into alignment with most economists, who have long said in Reuters polls that the BoE is likely to hold rates steady this year.  GBP consolidation expected after recent slide  Strategists at UOB Group note that GBP/USD has extended its recent slide, with

08-28انڈسٹری

Sheikh Tahnoon reportedly controls 49% stake in World Liberty bank holding firm

World Liberty Financials proposed US trust bank has drawn a major Abu Dhabi backer, with Sheikh Tahnoon bin Zayed Al Nahyan and co-investors reportedly controlling 49% of the holding company behind the federally chartered venture.  SummarySheikh Tahnoon‘s group reportedly backs StringZ Holding, which owns 49% of the holding company behind World Liberty’s proposed US trust bank.A Trump family affiliated entity reportedly owns another 38% of WLTC Holdings.The OCC granted preliminary conditional approval to World Liberty Trust Company on Aug. 14, with final authorization still required before operations can begin.The proposed bank would handle issuance, redemption and custody of World Libertys USD1 stablecoin.Tahnoon previously backed a $500 million deal for a 49% stake in World Liberty Financial.  The Wall Street Journal reported on Aug. 27, citing people familiar with the matter, that Tahnoon‘s group is behind StringZ Holding RSC, which owns 49% of WLTC Holdings, the company formed around World Liberty Trust Company. An entity affiliated with US President Donald Trump’s family owns another 38%, one person familiar with the structure told the newspaper.  The reported ownership comes two weeks after the Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval to operate as a national trust bank.

08-28انڈسٹری

Here's all about XRP's biggest derivatives sell-off of the year!

Activity around XRP is very interesting right now.  Futures activity has been heating up and bigger hands seem to be stepping in. However, sell pressure in the derivatives market is the highest it‘s been in a while. So, it’s a tug of war between buyers and sellers right now.  XRP sell pressure hits YTD high  The timing here is interesting. Especially since Binance net taker volume recently fell to -$96 million. This is the strongest selling push the market has seen this year.  Source: X  Traders would usually step away, but things might be different this time. In fact, Binance Open Interest (OI) went up by about 14.8%, suggesting that new positions are still being opened!  For context, XRP recently recovered with strength from its latest lows.  Futures flow is seller-dominated  Now, consider the ones that are actively pushing that flow.  The latest 90-day Taker CVD reading showed “sell dominance.” This basically means that more traders are hitting the sell side instead of waiting for buyers to come to them.  Source: Cryptoquant  That fits with the pressure already visible in Binance net taker volume. So, while XRP has put up a strong front, the Futures market is still leaning bearish underneath.  And… its not just the sellers  Whale orders might be back!  Source: Cryptoquant  XRPs

08-28انڈسٹری

Leisure affordability across CEE region

On the radarIn Hungary, average gross wage increased by 7.1% y/y in June.Croatias economy grew by 1.7% y/y in 2Q26, slowing from 2.2% y/y in the previous quarter as private consumption growth decelerated visibly in 2Q26.Today, Czechia will show the 2Q26 GDP structure at 9 AM CET.At 8.30 AM CET Hungary will release unemployment rate and trade data.Slovenia and Croatia will publish retail sales growth in July at 10.30 and 11 AM CET.  Economic developments  Ahead of the last weekend of the summer holidays and beginning of the school year, we look at the ability (or inability) to pay for one-week annual holiday away from home. The ability to afford a one-week annual holiday reflects persistent disparities in household living standards across CEE. Romania stands out as the most vulnerable, with 61.4% of people unable to afford a week-long holiday away from home. Hungary also records a relatively high share at 39.1%, followed by Serbia (36.3%) and Croatia (32.6%). At the other end of the spectrum, the inability to finance a holiday is less widespread in Slovenia (15.2%) and Czechia (19.0%), while Poland also performs relatively well at 24.5%. Slovakia, at 29.1%, sits roughly in the middle of the regional range. It

08-28انڈسٹری

WikiBit Exchange Exit Risk Ranking Issue #8 — Azbit: Backed by Roger Ver, Publicly Called Out by Seychelles FSA — An Offshore Casino Riding on a “Celebrity Endorsement”

Introduction: An Exchange That “Lives More in Legends Than Reality”  In previous episodes, we investigated HashKey (the compliance role model), HTX (the sanctions hotspot), UZX (the DAO penny stock), Phemex (the Wall Street elite team), Tapbit (the MSB license sticker king), Coincheck (Japan‘s survivor), Deepcoin (El Salvador’s new regulatory disguise), and Upbit (South Koreas national exchange).  Todays subject is another “offshore registration specialist” — Azbit.  Its resume looks surprisingly impressive:“Bitcoin.com founder Roger Ver serves as an advisor”“Founded in 2018, headquartered in Estonia”“Listed more than 400 projects”“Offers spot trading, margin trading, futures, staking, savings, IEO, and other one-stop crypto services”  Sounds like a full-featured major exchange, right?  But on the other side of the story — this offshore exchange, whose corporate entity is registered in Seychelles, was publicly warned by the Seychelles Financial Services Authority (FSA) on August 7, 2026.  The regulator stated that Azbit:“has never obtained any authorization”the company was in “not good standing” due to failure to pay annual fees  Meanwhile, after years of operation, Azbit has accumulated negative reports involving withdrawal disputes, promotional traps, and regulatory uncertainty.  So how did an exchange endorsed by the “Bitcoin Jesus” become the target of a public regulatory warning?  Today, we will break it down layer by layer.1. Regulatory Compliance: Seychelles

08-28گہرا غوطہ

Bitcoin faces true demand test above $83K as liquidity thickens: Glassnode

Bitcoin (BTC) has struggled to flip $80,000 into support in recent days, but bulls real challenge is still to come, new research says.  Key points:Bitcoin long-term holders add to BTC price resistance below $86,000, Glassnode reveals.Buyer demand must overcome this area as Bitcoin struggles to advance beyond $80,000.Multiple key trend lines sit around spot price, increasing the implications of an eventual loss or reclaim.  Glassnode: Key overhead liquidity structures sit between $81,000 and $86,000  In the latest edition of its regular newsletter, The Week Onchain, crypto analytics platform Glassnode flagged multiple pools of coins that could be released into the market below $86,000.  Of particular interest are long-term holders (LTHs) — wallets holding BTC without selling for at least six months.  “Above, the first heavy structure is $83K-86K, and effectively all of it is long-term holder supply that has sat through the entire drawdown,” it wrote, predicting that reaching $83,000 would test the resolve of the LTH cohort not to sell at breakeven.  BTC supply distribution by wallet cohort. Source: Glassnode  In the same zone, new ask liquidity has appeared on exchange order books. Its owners, Glassnode notes, may not intend for their orders to be filled, instead aiming to stay above spot price should it rise

08-27انڈسٹری

Bitfinex Securities raises record $50M for Alkemya nickel token

Bitfinex Securities has completed a record $50 million tokenized capital raise for metals company Alkemya through a security backed by partnership interests tied to an independently valued $1.64 billion nickel asset base.  SummaryBitfinex Securities completed a record $50 million capital raise for Alkemya through its ALKN tokenized security.ALKN represents fractional interests in a Luxembourg partnership holding nickel wire independently valued at about $1.64 billion.Alkemya plans to use the proceeds to commercialize engineered nickel products for applications including semiconductors.Additional ALKN tokens will remain available to eligible investors until Oct. 15, with secondary trading delayed until at least the next fundraising tranche.  Bitfinex Securities and Alkemya said in an announcement on Thursday that the fundraising involved ALKN, a tokenized security representing limited partnership interests in Luxembourg-based Alkemya Metacore SCSp.  The partnership owns about 7 million meters of 99.99% pure nickel wire, according to the companies. Its nickel holdings have been independently valued at about $1.64 billion, giving Alkemya an asset base against which it can raise capital through the tokenized structure.  For Bitfinex Securities, the $50 million total is the largest capital raise completed on its platform. The company said in the announcement that its previous record stood at $30 million and involved USTBL, a tokenized

08-27انڈسٹری
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