SoFi Technologies is set to reintroduce spot crypto trading on its platform later this year. Members will be able to buy sell and hold popular cryptocurrencies like Bitcoin and Ethereum. The fintech giant also plans to roll out stablecoins and new services including borrowing against crypto assets expanded payment options and staking features.

The company will also launch a blockchain-powered remittance service. SoFi members will be able to send money internationally using secure blockchain networks with funds converted into local currencies and quickly deposited into recipients’ accounts. The service promises full transparency on exchange rates and fees with 24/7 access through the SoFi app.

SoFi paused crypto trading in 2023 when it became a regulated bank. Recent regulatory guidance now allows national banks to offer crypto services again. CEO Anthony Noto said SoFi is focused on giving members more choice and control as the future of finance is reshaped by crypto digital assets and blockchain innovation.

Bloomberg

GameStop just raised $450 million by selling zero-coupon senior notes in a follow-on sale disclosed Tuesday in a filing to the SEC. This came one week after its $2.25 billion private placement and brings total fundraising to $2.7 billion.

Investors exercised the greenshoe option allowing them to buy more notes due in 2032. These notes can be converted into GameStop shares at $28.91 per share which is a 32.5% premium over the company’s average stock price at the time of the original offer.

Proceeds will go toward general purposes and GameStop’s investment policy that includes purchasing bitcoin as a treasury reserve asset. GameStop already holds 4710 BTC acquired in May and aims to follow Michael Saylor’s strategy of issuing debt and investing in crypto to grow its balance sheet.

SEC Filing 

American entrepreneur Anthony Pompliano announced today that ProCap BTC LLC has acquired 1,208 bitcoin at an average price of $105,977 per bitcoin. This major purchase follows the firm’s plan to go public through a $1 billion business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM). The company now holds 4,932 bitcoin on its balance sheet, boosting its position as a bitcoin-native financial services firm.

ProCap BTC acted swiftly by deploying funds raised at signing to secure more bitcoin. This move gives equity investors immediate exposure to bitcoin through the recent equity raise. The purchase reflects the company’s firm belief in the long-term value of bitcoin and its strategy to grow its crypto holdings.

The company plans to continue buying bitcoin as part of its growth strategy. At the close of the business combination, ProCap Financial is expected to hold up to $1 billion worth of bitcoin. The firm remains committed to supporting bitcoin as a core asset.

Source

Tokyo-listed Metaplanet raised ¥74.9 billion ($515 million) to fund its bitcoin accumulation plan. The firm aims to become one of the largest corporate holders of bitcoin worldwide.

Primary investor EVO Fund exercised 540,000 stock rights, converting them into 54 million new shares. This covers 29% of Metaplanet’s 20th warrant series. Another 1.31 million rights remain, which would yield 131 million shares if exercised.

Dubbed the “555 Million Plan,” Metaplanet aims to amass 30,000 bitcoin by the end of 2025 and reach 100,000 bitcoin by 2026. The firm currently holds 11,111 bitcoin and plans a $5 billion capital injection into its U.S. subsidiary.

Source

Ohio Representative Steve Demetriou is championing a new push to make the state more crypto-friendly. Following the passage of House Bill 116 last week, which exempts small crypto transactions from tax burdens, Demetriou aims to establish a state Bitcoin reserve.

Demetriou’s House Bill 18 — known as the Ohio Strategic Cryptocurrency Reserve Act — would allow the state treasurer to invest up to 10% of public funds in top cryptocurrencies. Though broad in scope, the bill currently favors Bitcoin as the most viable asset for long-term state investment.

Demetriou emphasized the need for public education and bipartisan support for digital asset legislation. He believes digital assets will shape the future economy — and aims to keep Ohio ahead of the curve with common-sense laws protecting owners and encouraging innovation.

House Bill 116

XRP holders nearly doubled between October 2024 and May 2025 reaching 2.42% of the market according to Bybit’s latest asset allocation report. This reflects a strong shift as retail and institutional investors bet on XRP’s bright future after its legal victory against the SEC.

Solana fell by 35% in the same period dropping to 1.76% as expectations of an XRP ETF fueled a new sense of optimism. XRP overtook Solana in November 2024 and has maintained upward momentum while Bitcoin and Ethereum continue to command most market capital.

Active traders and big investors alike moved money out of stablecoins and into major cryptocurrencies especially BTC ETH and XRP. Analysts see this as part of a broader trend where XRP is seen as a promising long-term investment as its ETF approval probability grows.

Bybit’s H1 2025 Asset Allocation Report

Today, the U.S. Senate Banking’s Subcommittee on Digital Assets hosted a hearing entitled  “Exploring Bipartisan Legislative Framework for Digital Assets Market Structure” in which the panelists implored Congress to pass digital asset legislation soon.

(Spoiler alert: The word “Bitcoin” didn’t come up once in the hearing. With that said, Bitcoin would be subject to some of the crypto regulation discussed in the hearing. Hence, it’s important as a Bitcoin enthusiast to understand what was said.)

The hearing took place in the wake of Senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), Bill Hagerty (R-TN) and Senate Banking Chairman Tim Scott (R-SC) issuing…

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