South Korea’s Ministry of SMEs and Startups plans to amend the law to allow virtual asset trading and brokerage firms to register as venture companies. This change will make crypto-related businesses eligible for government subsidies including tax benefits and financial support. Previously banned under the 2018 Special Act these firms were grouped with pubs and gambling venues losing access to vital incentives.

The updated policy could reverse setbacks faced by major players like Dunamu the parent firm of Upbit which lost its venture status and paid $18 million in extra taxes. By restoring venture eligibility the move aims to enhance the legitimacy of the crypto sector and promote new growth. Existing venture firms will also gain freedom to enter the crypto market under the revised law.

Driven by President Lee Jae Myung’s pro-crypto agenda this shift aligns with efforts to legalize Korean won-based stablecoins and introduce crypto ETFs. Lawmakers and financial regulators are also working to ease restrictions on institutional trading signaling a major policy shift.

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Ego Death Capital has closed a $100 million fund to back software companies building exclusively on Bitcoin. The venture firm is targeting Series A startups with strong traction and annual revenues between $1 million and $3 million. This second fund will focus on firms generating real cash flow using Bitcoin, and aims to fill the gap as a lead investor in the growing Bitcoin-native business space.

Founding partner Nico Lechuga said the firm is committed to investing in real companies solving real-world problems, with Bitcoin as the foundation. Early investments include Roxom, a Bitcoin-based exchange, Relai, a Bitcoin savings app, and Breez, a payments company built on the Lightning Network. A smaller portion of the fund will support promising seed-stage ventures.

The fund’s backers include Bitcoin-focused family offices, showing rising demand for sustainable Bitcoin businesses. Lechuga emphasized that Bitcoin is the only secure and decentralized base to build on. Previous support came from well-known Bitcoin figures like Preston Pysh and Lyn Alden, who joined as general partners.

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KULR Technology Group has secured a $20 million credit facility from Coinbase Credit Inc., a subsidiary of Coinbase Global Inc. The funding will support KULR’s bitcoin accumulation strategy, with the loan backed by a portion of the company’s existing bitcoin holdings. This move highlights KULR’s growing interest in digital assets as part of its long-term financial strategy.

CEO Michael Mo said the loan marks KULR’s first bitcoin-backed credit facility, offering access to non-dilutive capital at a competitive rate. He emphasized this step strengthens KULR’s growth plans and supports shareholder value. KULR previously selected Coinbase Prime for custody, USDC, and self-custodial wallet services, aligning with major firms already relying on Coinbase for bitcoin security.

KULR ranks 31st among 135 public companies adopting a bitcoin treasury strategy, according to Bitcoin Treasuries data. This includes names like Semler Scientific and Metaplanet. With this move, KULR signals its serious intent to follow a bitcoin-centric playbook and capitalize on the digital currency’s long-term potential.

Today, KULR Technology Group, Inc. (NYSE American: KULR) announced it has secured a $20 million bitcoin-backed credit facility from Coinbase Credit, Inc., a subsidiary of Coinbase Global (NASDAQ: COIN). 

The deal sets up a multi-draw loan facility worth up to $20 million, which KULR can access starting on the effective date. The funding will support KULR’s strategic Bitcoin accumulation goals.

“This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate,” said the CEO of KULR Michael Mo. “It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth…

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Metaplanet, widely recognized as Japan’s leading Bitcoin treasury company, has announced its plans to become the world’s second largest corporate bitcoin holder by 2027, aiming to use its growing reserves to buy cash-generating businesses.

“We think of it as a bitcoin gold rush,” said Metapanet CEO Simon Gerovich. “We need to accumulate as much bitcoin as we can… to get to a point where we’ve reached escape velocity and it just makes it very difficult for others to catch up.”

Metaplanet, currently the world’s fifth largest corporate bitcoin holder, announced plans last month to aggressively grow its holdings from 15,555 to over 210,000 bitcoin by the end of…

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Truth Social, under Trump Media & Technology Group, has filed with the SEC to launch a new crypto-focused ETF called the Truth Social Crypto Blue Chip ETF. Sponsored by Yorkville America Digital, the fund will track five major digital assets — Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%).

The ETF is set to list on NYSE Arca and will be rebalanced quarterly to maintain its target allocations. Foris DAX Inc., an affiliate of Crypto.com, will serve as the liquidity provider and rebalancing agent. CF Benchmarks will provide pricing data using CME indices. Shares will be issued in blocks of 10,000, with cash creations and redemptions allowed at launch. In-kind transactions may be permitted later, pending SEC approval.

This filing is part of a broader push by Trump Media and Yorkville to expand into the crypto space. They are also seeking approval for two more ETFs — the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF.

Form S-1