Josh Mandell, the former Salomon Brothers and Caxton Associates trader who accurately predicted Bitcoin’s March 14 surge to $84,000, has reaffirmed his forecast that the Bitcoin price will reach $444,000 amid unprecedented institutional buying. “$444K IS THE DESTINATION,” Mandell wrote previously.

In a recent post on X, Mandell, whose trading portfolio grew from $2 million to over $23 million in the past year, reconfirmed his conviction in Bitcoin’s trajectory to $444,000. His latest statement comes as corporate treasuries continue to accumulate Bitcoin aggressively. He also predicts Bitcoin to hit $84,000 before it marches towards $444K.

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Corporate interest in Ethereum is rapidly growing, with institutional treasuries now holding 1% of ETH’s circulating supply, according to a report from Standard Chartered. The bank forecasts this could rise to 10% over time, marking a tenfold increase in corporate participation.

Companies like BitMine Immersion Technologies and SharpLink Gaming have begun adopting ether treasury strategies that generate passive income through ETH staking. Unlike bitcoin, ETH offers staking rewards, currently around 3%, and access to decentralized finance tools, giving it a unique advantage for corporate portfolios. The bank noted that ETH buying activity now rivals inflows into spot ether ETFs, which are also seeing record demand.

ETH has outperformed bitcoin in recent months, with the ETH/BTC ratio climbing from 0.018 in April to 0.032 in July. Standard Chartered believes this trend signals a longer-term shift in institutional crypto strategy. The bank maintained its year-end price target of $4,000 for ETH, which was trading around $3,830 at the time of the report.

Twenty One Capital, Inc. announced today it will receive 5,800 additional Bitcoin from Tether at the closing of its business combination with Cantor Equity Partners (Nasdaq: CEP), pushing its total Bitcoin holdings to over 43,500 BTC. This acquisition positions Twenty One as the third largest corporate Bitcoin treasury globally.

The company says it acquired its Bitcoin at a blended average cost of $87,280.37 per BTC. Once listed, each share of Twenty One will represent around 12,559 sats and trade under the ticker XXI. A new metric, Bitcoin Per Share (BPS), will replace traditional EPS to let investors track performance in Bitcoin terms.

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RAKBANK has made history by becoming the first conventional bank in the UAE to offer crypto trading services to retail customers. The government-owned bank announced the launch of its crypto brokerage service through its mobile app, allowing users to buy, sell, and swap cryptocurrencies directly from their dirham accounts. This eliminates the need for external exchanges or currency conversions, making crypto transactions simpler and fee-free.

The new service is powered by Austrian fintech Bitpanda, and regulated through Bitpanda Broker MENA DMCC, under Dubai’s Virtual Assets Regulatory Authority. Customers can now enjoy seamless, secure, and fully regulated crypto trading directly through RAKBANK’s digital platform. The service is currently available by invitation, with wider access expected soon.

This move supports the UAE’s growing ambition to become a global crypto hub. With over 600 crypto companies already based in Dubai’s free zones and financial centers, RAKBANK’s initiative marks a major step in bridging traditional banking with the future of finance.

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Bakkt Holdings has announced the pricing of its public offering, raising approximately $75 million through 6,753,627 shares of Class A common stock and 746,373 pre-funded warrants. Each share is priced at $10.00, while each warrant is offered at $9.9999. The offering is expected to close on or around July 30, 2025, subject to customary closing conditions.

The company plans to use the net proceeds to purchase Bitcoin and other digital assets, in accordance with its investment policy. Additional funds will support working capital and general corporate purposes. This move underscores Bakkt’s continued commitment to expanding its presence in the digital asset space.

Bakkt has also granted underwriters a 30-day option to purchase up to an additional 1,125,000 shares or pre-funded warrants at the offering price, excluding discounts and commissions. The offering highlights growing investor confidence in the crypto sector and Bakkt’s role in driving adoption of digital currencies.

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Coinbase is in advanced talks to acquire CoinDCX, one of India’s largest crypto exchanges, in a move that could mark its major re-entry into the Indian market. The deal is reportedly valued at under $1 billion, a steep drop from CoinDCX’s peak valuation during the last crypto bull run. Coinbase recently secured a license from India’s Financial Intelligence Unit, signaling its renewed focus on the country after regulatory hurdles halted its 2022 launch.

The U.S.-based exchange has been on an acquisition spree, including the $2.9 billion purchase of Deribit, and the additions of Liquifi, Spindl, and Iron Fish. CEO Brian Armstrong said Coinbase remains open to more M&A deals, emphasizing that the company is ready to spend if the right opportunities emerge. These efforts aim to strengthen Coinbase’s global trading and infrastructure stack.

CoinDCX is still recovering from a $44 million security breach involving its internal liquidity wallet. CEO Sumit Gupta confirmed no customer funds were affected, as they remain in cold storage. The company will cover the losses from its treasury and has boosted security measures.

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