Tuesday June 3, 2025
Crypto and AI headlines to start your morning.
◾ Circle shareholders are seeking to increase the number of shares they plan to sell in its IPO by 30%. (SECfiling)
◾ The US Food and Drug Administration is launching a generative AI tool named Elsa to accelerate clinical protocol reviews, reduce the time for scientific evaluations, and identify high-priority inspection targets. (Fda.gov)
◾ Meta $META plans to introduce AI tools to let brands create and target advertising. (WSJ)
Government & NGO Actions
◾ The Australian Transaction Reports and Analysis Centre (AUSTRAC) introduced new transaction limits and additional restrictions on ATM providers. (Austrac.gov.au)
◾ The SEC is seeking feedback on in-kind creations and redemptions for WisdomTree’s Bitcoin Fund. (Sec.gov)
Financial Notices & Public Company Releases
◾ Sol Stratgies $HODL Q2 results
Revenue: $2.5 million
Operating loss; $5.9 million
Cash and cash equivalents: $1.6 million
Cryptocurrencies: $48.3 million
◾ Applied Digital $AAPLD entered into two 15-year lease agreements with CoreWeave, $CRWV totaling 250 MW. (AppliedDigital)
◾ Strategy $MSTR is looking to raise $250 million by offering a new $STRD perpetual preferred shares. (Strategy)
◾ Strategy $MSTR added 705 bitcoin over the past week. (SECfiling)
◾ BTCS $BTCS added 1,000 ether bringing its total ETH holdings to 13,500. (Newsfilecorp)
◾ French traded Blockchain Group purchased 624 BTC. (TheBlockchain-Group)
◾ 21Shares announced a 3-for-1 share split for $ARKB, the Ark 21 Shares Bitcoin ETF. (GlobeNewswire)
◾ Applied Digital $APLD filed a mixed shelf offering. (AppliedDigital)
◾ Hyperscale Data $GPUS sold its minority interest in a privately held pharmaceutical company for $4 million in cash. (GlobeNewswire)
◾ Standard Strategies $MIDO is rebranding its ticker to $SBTC to reflect its shift towards digital asset infrastructure and treasury-grade bitcoin solutions. (Newsfilecorp)
◾ 21Shares is introducing the 21Shares Hedera ETP $HDRA. (GlobeNewswire)
AI Announcements
◾ Meta $Meta announced a 20-year nuclear power agreement with Constellation Energy $CEG to supply power to its AI facilities. (WSJ)
◾ Universal $VIVHY, Warner $WMG and Sony Music $SONY are in talks to license their catalogs to AI startups Udio and Suno. (Bloomberg)
Protocols, Applications & Business News
◾ Cryptp prime broker FalconX acquired a majority stake in crypto hedge fund Monarq Asset Management. (Bloomberg)
◾ Consensys acquired Web3Auth to improve its browser-based MetaMask wallet. (Web3auth)
◾ Robinhood $HOOD completed its acquisition of Bitstamp’s global crypto exchange. (Aboutrobinhood)
Russia largest bank Sber is launching bitcoin-backed bonds. (MenaFN)
◾ Tether transferred 25,812 bitcoin ($2.7 billion) to Twenty One Capital. (Decrypt)
◾ Grayscale Investments is filling to launch a quantum computing ETF. (QuantumComputerReport)
◾ Ripple’s RLUSD stablecoin has been approved by the Dubai Financial Services Authority. (Ripple)
◾ BCP Technologies is introducing a stablecoin backed by the British pound. (Cointelegraph)
Market Data
◾ Australia’s Federal Police reported that AUD$3 million ($1.9 million) was stolen through ATM scams over the past year. (Afp.gov.au)
Thoughts on the Ecosystems
◾ Binance founder Changpeng Zhao believes that decentralized perpetual exchanges could benefit from a dark pool. (X)