Nasdaq has reprimanded TON Strategy for its $272.7 million Toncoin purchase and PIPE deal, citing missed shareholder approval rules. TON Strategy, a publicly traded company that accumulates Telegram-linked Toncoin tokens and previously operated as Verb Technology Company, has been reprimanded by Nasdaq over rule violations related to its Toncoin purchases. Nasdaq has issued TON Strategy a letter of reprimand in connection with its $272.7 million Toncoin purchase and associated private investment in public equity (PIPE) financing. According to Nasdaq, TON Strategy failed to obtain shareholder approval for stock issuance under the PIPE financing to purchase Toncoin (TON), Nasdaq stated in an 8-K filing with the US Securities and Exchange Commission on Wednesday. Read more
Following a presidential pardon that sparked debate over influence and access, crypto companies and PACs are ramping up political spending as the sector matures into a Washington power player. Crypto’s relationship with Washington is rapidly evolving as the industry takes a more assertive role in US politics, signaling a shift from outsider status to growing influence across the federal landscape. This week on Byte-Sized Insight, we examine how lobbying, political spending and access are reshaping crypto’s presence in the Capitol and what that may mean for decentralization, market competition and future policy. The recent presidential pardon of Binance co-founder Changpeng Zhao catalyzed the conversation, prompting scrutiny into whether crypto’s expanding political footprint is driving outcomes. While some industry figures framed the case as government overreach, critics pointed to lobbying pressure and high-level connections as evidence of swelling influence. Against that backdrop, crypto advocacy in Washing...
Strategy’s Bitcoin acquisition rate has been significantly down since September, threatening to limit Bitcoin’s price recovery. Michael Saylor’s Strategy added another 397 Bitcoin worth about $45.6 million, but the company’s buying pace continues to slow compared to its pre-October accumulation streak. Strategy acquired 397 Bitcoin (BTC) worth $45.6 million last week at an average price of $114,771 per coin, according to a Monday filing with the US Securities and Exchange Commission. This brought its total holdings to 641,205 BTC, acquired for $47.49 billion at an average price of $74,047 per coin, with a Bitcoin yield of 26.1% year-to-date (YTD), according to a Monday X post from Strategy. Read more
High yields mean nothing without execution certainty. Institutional DeFi adoption demands predictable transactions over speculative returns at scale. Opinion by: Robin Nordnes, co-founder and CEO of Raiku Many decentralized finance (DeFi) diehards assume that the future of institutional adoption will be driven by sparkly, sky-high yields. The reality is that the mainstream will be most impressed with consistency and reliability. DeFi opened the door for ordinary people to access financial tools that were previously reserved for institutions. For the first time, anyone could invest their money in open markets from anywhere in the world. That was a massive step forward. The same openness that made this possible came with a trade-off. Decentralization gave us freedom, but it sometimes meant unpredictability. Read more
Inflated dashboards don’t build institutional trust. Only verifiable assets, regulatory clarity and real usage can power the RWA revolution. Opinion by: Aishwary Gupta, global head of payments and RWAs at Polygon Labs Most of the eye-popping RWA numbers making headlines are smoke and mirrors. Unless the industry course-corrects, it risks eroding the institutional trust it has spent years trying to build. Every week brings another announcement claiming billions in tokenized assets. When institutional investors request basic details, however, the answers become mysteriously vague. OpenAI was forced to distance itself from Robinhood’s claim that it was offering access to tokenized stock, clarifying that this did not represent real equity in the company. In May 2025, the SEC charged Unicoin for misleading investors by overstating the value of tokenized real estate deals. Read more
Crypto investors are rediscovering the importance of financial privacy, as privacy-preserving cryptocurrencies outperform a broader crypto market slump. Investor demand for financial privacy is fueling a rally in privacy-preserving cryptocurrencies, signaling renewed interest in self-sovereign blockchain transactions. The market capitalization of privacy-preserving cryptocurrencies rose by about 80% over the past week to briefly surpass $24 billion earlier on Monday before retracing 2.9% to $23.7 billion at the time of writing, according to data aggregator CoinGecko. Dash (DASH) and Zcash (ZEC) were among the best-performing privacy coins last week, with 65% and 9.55% gains, respectively. Read more
Analysts see billion-dollar potential as SEC reforms shorten paths for crypto ETFs and XRP moves closer to mainstream trading. XRP ETF talk has moved from Crypto Twitter to Wall Street trading desks. Analysts say the first few months of inflows could top $1 billion. SEC rule changes have streamlined spot crypto fund listings. Read more