Thesis*, a Bitcoin-focused venture studio, announced its acquisition of Lolli, a bitcoin rewards platform, in a move to integrate it with its broader ecosystem of companies such as Fold, Mezo, and tBTC.

The announcement outlines plans to enhance consumer Bitcoin experiences through expanded rewards and new partnerships.

Lolli, founded in 2018 claims to have rewarded over 600,000 users with more than $20 million in bitcoin through shopping at 50,000+ stores and playing 1,000+ mobile games. Lolli’s platform is designed to make Bitcoin accessible by offering cashback and rewards for everyday activities. Thesis*, operating since 2014, has built Bitcoin-native projects like Fold,…

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Standard Chartered has issued a bullish forecast for Bitcoin, expecting the leading cryptocurrency to reach $135,000 by the end of Q3 and soar past $200,000 by year-end. The bank cites strong corporate treasury buying and steady inflows into Bitcoin exchange-traded funds (ETFs) as key drivers. Geoff Kendrick, head of digital asset research, says these forces have pushed Bitcoin beyond its usual post-halving price drop pattern.

The report argues Bitcoin’s halving cycle no longer holds the same power as before, thanks to robust ETF demand and corporate accumulation. Previous halvings in 2016 and 2020 led to price declines 18 months after the event, but Kendrick suggests this time will be different. Standard Chartered even predicts Bitcoin could hit $500,000 by 2028.

According to SoSoValue, US spot Bitcoin ETFs saw $342.3 million in outflows on Tuesday after 15 straight days of inflows totaling $4.8 billion. Kendrick expects ETF and treasury purchases to surpass 245,000 BTC in both Q3 and Q4.

Binance CEO Richard Teng says cryptocurrency could help advance Bhutan’s Gross National Happiness philosophy. Speaking during a visit to Bhutan for the Binance Crypto-Powered Tour Teng explained that crypto values like financial freedom and inclusion support the well-being focus of Bhutan’s unique development model. Teng believes crypto can empower people with tools for financial independence especially in underbanked regions aligning with Bhutan’s spiritual and emotional well-being goals.

Bhutan has been quietly building its crypto strategy under King Jigme Khesar Namgyel Wangchuck’s guidance. The Himalayan kingdom now holds over 13,000 BTC ranking it the fifth largest Bitcoin-holding nation according to Bitbo data. Projects like crypto reserves and the rollout of Binance-powered payments aim to attract foreign investment and boost tourism while supporting Bhutan’s happiness-driven policies.

Bhutanese citizens recently attended a Binance-backed panel to learn about crypto payments showing growing local interest. Teng said the Bhutanese are believers in innovation and he expects crypto adoption to uplift the kingdom and keep happiness levels high as the country embraces digital asset technology.

Design platform Figma has revealed a strong commitment to cryptocurrency in its latest SEC filing. The company holds $69.5 million in Bitcoin ETFs as of March 31, 2025, and its board recently approved an additional $30 million for future Bitcoin investments. This move shows Figma’s growing confidence in Bitcoin despite recent price swings.

Figma’s S-1 filing confirms the investment is part of its $1.54 billion in cash and marketable securities. The company first invested $55 million in a Bitcoin ETF managed by Bitwise Inc. in March 2024. In May 2025, Figma converted $30 million into USDC, with plans to buy more Bitcoin soon. The filing highlights Bitcoin’s volatility but states no credit losses have occurred.

The company also reported $23.8 million in unrealized gains from equity investments for 2024, but saw a $9.3 million unrealized loss in Q1 2025. Interest income reached $63.7 million in 2024 and $15.5 million in Q1 2025. Figma’s crypto bet reflects its belief in Bitcoin’s long-term potential.

SEC Filing

Italian banking giant UniCredit will soon offer professional clients a new structured investment product tied to BlackRock’s highly successful spot Bitcoin exchange-traded fund according to Bloomberg. The product will come as a five-year dollar-denominated investment certificate designed to meet growing demand from investors seeking crypto exposure through traditional finance channels.

The certificate will provide 100% capital protection at maturity signaling confidence in Bitcoin’s place in mainstream investment portfolios. BlackRock’s spot Bitcoin ETF listed under the ticker IBIT has amassed over $73 billion in assets under management according to The Block Data Dashboard making it the largest crypto-linked financial product to date.

BlackRock also expanded its Bitcoin offerings in Europe this year with its spot Bitcoin exchange-traded product listed in March on Euronext Paris and Xetra under the ticker IB1T as well as on Euronext Amsterdam under BTCN. As Bitcoin adoption grows UniCredit’s move marks a bold step to bridge traditional finance with the rising world of digital assets.

Bloomberg

DDC Enterprise Limited (NYSE: DDC) has officially closed its $528 million financing deal to expand its corporate Bitcoin strategy. The funding, led by Anson Funds with participation from Animoca Brands, Kenetic Capital, and others, is one of the largest Bitcoin-focused capital raises by a NYSE-listed company. 

“This maximum aggregate $528 million capital commitment marks a watershed moment for DDC,” said Norma Chu, Founder, Chairwoman, and CEO of DDC. “With premier institutions such as Anson Funds, Animoca Brands, and Kenetic Capital backing our vision, we believe we have unprecedented capacity to execute our mission of building one of the world’s most valuable…

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