SBI Holdings, a leading financial group and Ripple’s key partner, has announced plans to launch two crypto-focused ETFs in Japan. One of the funds, the Crypto-Assets ETF, will feature direct exposure to XRP and Bitcoin, potentially marking a breakthrough for institutional acceptance of digital assets. If approved by Japan’s Financial Services Agency, this would be the first XRP-related ETF in the country—a move hailed by crypto enthusiasts as a game-changer.

The second fund, Digital Gold Crypto ETF, blends gold-backed securities with crypto exposure, allocating over 50% to gold ETFs. This hybrid strategy offers a unique mix of stability and growth, aiming to attract both cautious investors and crypto-forward participants. SBI’s move demonstrates its commitment to innovation by bridging traditional finance with blockchain-based assets.

XRP advocates see this as a crucial step toward broader legitimacy and market recognition. With Japan slowly shifting its regulatory stance on digital assets, approval of these ETFs could open doors for more financial institutions to follow suit—positioning XRP as a regulated investment product and deepening its role in cross-border finance.

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For a while, I was skeptical of bitcoin treasuries. All these bitcoin companies felt like another fiat-financial stunt, another way to play games with debt and derivatives while co-opting Bitcoin’s name. I didn’t want bitcoin financialized. I wanted it to flourish — cleanly, directly and outside the grasp of Wall Street.

But then I sat down for a conversation with Preston Pysh on my podcast “You’re the Voice.” That conversation changed everything for me.

Preston’s background is as unorthodox as his insight: an Apache helicopter pilot turned engineer and venture investor. And when he explained how bitcoin treasury companies function — not just structurally, but…

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MEI Pharma (NASDAQ: MEIP) has made history by acquiring 929,548 Litecoin (LTC) tokens at an average price of $107.58, launching a bold institutional treasury strategy now valued at approximately $110.4 million as of August 4, 2025. This move establishes MEI as the first publicly listed U.S. company to designate Litecoin as a primary reserve asset, signaling a new era of digital finance integration within corporate America.

Working closely with GSR and Litecoin creator Charlie Lee, who also serves on MEI’s Board, the company aims to leverage Litecoin’s strong track record, low transaction costs, and global adoption. Lee praised the move, calling it “a clear, institutional step” that acknowledges Litecoin’s role as both a sound store of value and an operational asset. Litecoin’s 13 years of uninterrupted uptime and integration into platforms like PayPal, Venmo, and Robinhood underscore its strength as a decentralized currency.

Looking ahead, MEI plans to expand this strategy with potential Litecoin mining operations and a refreshed corporate identity. The company also remains committed to advancing its pre-clinical pipeline, including research on its oral CDK9 inhibitor, voruciclib.

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Galaxy Digital has bounced back into profitability, posting $30.7 million in net income for Q2 2025, reversing a steep $295 million loss from the prior quarter. The turnaround was driven by gains in its balance sheet assets and strong performance from its global markets division. Adjusted EBITDA soared to $211 million, fueled by $228 million in profit from treasury operations.

Bitcoin led the growth, with Galaxy’s holdings rising to 17,102 BTC, now valued at $1.95 billion—up from 13,704 BTC in Q1. Total digital assets, including Ether, USDC, Solana, and XRP, reached $3.56 billion. Despite a 22% drop in trading volume, the Global Markets unit saw a 28% increase in profit, highlighting the company’s outperformance of broader market trends.

Operationally, Galaxy completed one of the largest BTC sales ever—over 80,000 BTC for a client—and expanded its Helios data center campus. With a 3.5 GW potential capacity, CEO Mike Novogratz called it a future top-five global data center. He added, “July was the best month we’ve had. I couldn’t be more bullish.”

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CEA Industries has successfully closed a $500 million private placement offering, backed by leading crypto investor YZi Labs, to power its new BNB-focused treasury strategy. The deal, announced August 5, 2025, also includes potential for up to $750 million more through warrant exercises. The company plans to adopt BNB as its primary treasury reserve asset while continuing core operations, positioning itself at the forefront of institutional crypto adoption.

Beginning August 6, CEA will trade under a new ticker symbol “BNC” on Nasdaq, with its warrants under “BNCWW,” reflecting a strategic shift toward the BNB Chain ecosystem. CEO David Namdar, co-founder of Galaxy Digital and Senior Partner at 10X Capital, called the rebranding a key step in building a secure and transparent crypto investment vehicle. Russell Read, former CalPERS CIO, will step in as CIO. Outgoing CEO Tony McDonald will continue as President and board member.

Over 140 investors joined the raise, including Pantera Capital, GSR, and Rajeev Misra’s family office. 10X Capital will manage the BNB treasury strategy in collaboration with YZi Labs.

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President Donald Trump is preparing to sign an executive order that would investigate alleged debanking of crypto firms and conservative groups. The directive, reported by The Wall Street Journal, instructs banking regulators to examine whether financial institutions violated laws related to antitrust, fair lending, or consumer protections when denying services to crypto-related businesses. Regulators could face legal consequences or fines if violations are found.

The order would push agencies like the FDIC and Small Business Administration to review and eliminate policies contributing to the removal of customers—including crypto companies—from the banking system. It also calls on regulators to refer serious violations to the Department of Justice. Crypto leaders have long argued that the Biden administration used regulatory pressure to cut them off from banking, dubbing the effort “Operation Choke Point 2.0.”

Industry voices, including Coinbase and VC Nic Carter, claim regulators unfairly targeted crypto after the FTX collapse. Trump’s action is seen as a sharp shift in support of financial freedom, digital assets, and political neutrality in banking practices.

 The Wall Street Journal