Crypto News. August 6, 2025
Vare Crypto News is live ft Pendle, SBI Holdings, Trump, Payy, Apple, Sei, Cosmos Health
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DeFi
Hybrid L2, Build on Bitcoin (BOB) raised $10M led by Castle Island Ventures bringing BOB’s total funding to around $21M since December 2024
Cosmos Health secured a $300M convertible notes financing to establish an ETH treasury reserve
Parataxis Holdings is merging with SPAC SilverBox Corp IV to go public on the NYSE as PRTX, aiming to raise up to $640M to build a Bitcoin treasury, starting with $31M in BTC to drive institutional growth in US and South Korea
MetaMask has integrated native support for the Sei blockchain
Apple announced it’ll invest $600 Billion in the US over the next four years
Trump is putting a 100% tariff on chips and semiconductors
Payy, a privacy focused onchain banking platform backed by Robot Ventures, has launched the Payy Card, a non-custodial Visa debit card that lets users privately spend USDC using zkps on its custom UTXO based blockchain
Bakkt is acquiring ~30% of Japan’s Marusho Hotta from RIZAP, with plans to rebrand it as bitcoin(.)jp and adopt a digital asset treasury. This follows Bakkt’s $75M equity raise and a $1B shelf offering to support its corporate bitcoin strategy.
Trump will sign an executive order on Thursday to allow private equity, real estate, crypto, and other alternative assets in 401(k)s. 401(k) is a retirement savings plan offered by many U.S. employers
Pendle launched Boros, a platform on Arbitrum that lets users trade Yield Units: tokens representing BTC or ETH funding rate yield, to speculate or hedge on future funding rates.
$214 Billion AUM SBI holdings filed for Bitcoin and XRP ETFs.
