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Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
Tether Holds an 8.2% Stake in Bitcoin Mining Financial Firm Antalpha
According to TheEnergyMag, Tether, the stablecoin issuer, along with several of its subsidiaries and its Chairman Giancarlo Devasini, collectively hold 1.95 million common shares of Bitcoin mining financial services company Antalpha—representing 8.2% of Antalpha’s total post-IPO share capital. Disclosure documents indicate that Antalpha raised approximately $49.3 million in its initial public offering (IPO), with a share offering price of $12.80 per share; Tether subscribed to roughly half of the issued shares. Antalpha maintains close ties with the Bitmain ecosystem and primarily offers Bitcoin-collateralized lending and financing for mining hardware supply chains. As of the end of 2024, its loan portfolio stood at approximately $1.6 billion.
RWA protocol Reality releases proof of reserves, with reserve ratio reaching 100%
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
Rosen Law Firm Investigates Michael Saylor's Strategy Over Potential Securities Fraud Allegations
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Former Robinhood Crypto COO Joins Stablecoin Firm Agora as Head of Operations
According to CoinDesk, Tanya Denisova, former Chief Operating Officer of Robinhood Crypto, has officially joined stablecoin infrastructure company Agora as Head of Operations. She will also serve as Chief Operating Officer of Agora’s proposed national trust bank—a role that will take effect upon approval by the U.S. Office of the Comptroller of the Currency (OCC) of Agora’s application for a national trust charter. Denisova spent six years at Robinhood Crypto, leading the department’s expansion from a team of three to a multi-billion-dollar business operating regulated entities in both the United States and the European Union. Her responsibilities spanned core areas including settlement, liquidity, trading, execution quality, and custody.
Japanese Bitcoin Treasury Company Metaplanet Acquires Licensed Securities Firm Siiibo Securities
Odaily, Japanese Bitcoin treasury company Metaplanet has reached an agreement to acquire 100% of the equity in Siiibo Securities, a licensed Type 1 securities firm in Japan. The transaction is expected to be completed in July, after which Siiibo Securities will be renamed Metaplanet Securities.Metaplanet stated that this acquisition is its first major M&A deal and the first concrete step in executing its long-term strategy, "Project Nova," which aims to build a Bitcoin-centric financial ecosystem in Japan. By integrating Siiibo Securities' Type 1 securities license and online securities platform, Metaplanet plans to develop and distribute Bitcoin-linked yield products for Japanese investors.Metaplanet announced that its balance sheet currently holds 40,177 BTC. Following this acquisition, Metaplanet Securities will leverage its securities business license to offer new Bitcoin yield investment opportunities in the Japanese market. The company recognized the Siiibo Securities team's previous achievements in building Japan's online corporate bond market, and the merger will further promote the development of Bitcoin-related financial products in Japan.
Anthropic Hires Trump-Linked Lobbying Firm Ballard Partners
According to Bloomberg, just days after the Pentagon designated Anthropic as a supply-chain risk, Anthropic PBC has hired Ballard Partners—a lobbying firm linked to U.S. President Trump. This collaboration comes amid an ongoing dispute between Anthropic and the U.S. Department of Defense (i.e., the Pentagon). Public filings indicate that Ballard Partners will represent Anthropic in policy communications and lobbying activities.
Former CFTC Chairman Giancarlo Officially Leaves Law Firm to Fully Commit to Crypto and AI
According to Crypto in America, Chris Giancarlo—former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) and widely known in the industry as “Crypto Dad”—has officially stepped down from his role as Senior Advisor at Willkie Farr & Gallagher LLP at the end of April. He is now shifting his focus to digital asset strategic consulting, private investments, and public policy research. Giancarlo spent six years at the law firm, where he spearheaded the development of its cryptocurrency legal practice. Additionally, his new book, *CryptoDad’s New Adventure: The Path to Financial Freedom in the 21st Century*, is scheduled for publication this October, chronicling the evolution of the crypto industry from the 2024 U.S. presidential election through the potential second Trump administration.
Reality and The Network Firm Upgrade Partnership, Plan to Provide Daily US Stock Token Audit Reports
Reality, the licensed RWA issuance platform under Bitget, announced a deepened cooperation with US audit firm The Network Firm. Following the upgrade, The Network Firm will provide daily Proof of Reserve (PoR) audit reports for the US stock token rToken issued by Reality based on attestation standards established by the American Institute of Certified Public Accountants (AICPA), aiming to verify that each issued rToken matches the corresponding stock or ETF assets in the custody account. The relevant underlying stocks and ETFs continue to be custodied by Alpaca Securities LLC, a US securities broker-dealer registered with FINRA and protected by SIPC, forming a transparent architecture with three independent parties: issuance, verification, and custody. The US stock token rToken issued by Reality currently supports 634 tokenized stocks and ETFs and is deeply integrated with the Bitget ecosystem, and can be used in core scenarios such as unified account margin and staking and lending. Previous data shows that the Assets Under Management (AUM) of Bitget stock token rToken exceeded $100 million one month after launch.
RWA protocol Reality releases proof of reserves, with reserve ratio reaching 100%
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
Rosen Law Firm Investigates Michael Saylor's Strategy Over Potential Securities Fraud Allegations
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
Maritime Analysis Firm: Kharg Island Resumes Crude Oil Loading Operations, Iran Actively Restoring Crude Export Capacity
the UK-based maritime analysis firm Windward released a report on the 4th, stating that satellite images show Iran's key oil export hub, Kharg Island, has resumed loading operations.The report stated that satellite images obtained on June 2nd show a very large crude carrier (VLCC) anchored near the western terminal of Kharg Island. This is the first confirmed vessel to berth at the facility since it was shut down in early May due to a suspected oil leak. On June 3rd, the VLCC at the western berth and a Panamax tanker at the eastern T-shaped jetty were conducting loading operations simultaneously. By the 4th, the VLCC had completed loading and departed, while the Panamax tanker remained at the dock. Windward stated that the simultaneous resumption of services at both terminals indicates that Iran is actively restoring its crude oil export capacity.The report also noted that small fast boats of Iran's Islamic Revolutionary Guard Corps (IRGC) remain highly active throughout the Strait of Hormuz. This sustained high level of activity indicates that the IRGC maintains a high state of readiness to support Iran-related vessels in the strait. (Xinhua News Agency)
U.S. Law Firm Files for Restraining Order to Prevent Arbitrum DAO from Transferring Stolen and Frozen ETH from Kelp
According to Cointelegraph, U.S. law firm Gerstein Harrow LLP has filed an application with the U.S. District Court for the Southern District of New York seeking a temporary restraining order and three writs of execution to prevent the Arbitrum DAO from transferring 30,766 ETH (valued at approximately $73 million) frozen following the Kelp vulnerability. The firm argues that its clients obtained default judgments against North Korea in U.S. courts in 2010, 2015, and 2016, entitling them to roughly $877 million in compensation—and contends that the stolen ETH constitutes North Korean-linked assets that should be used to satisfy those judgments. Kelp DAO suffered a $292 million hack on April 18; the attacker was identified as TraderTraitor, a subgroup of the North Korean state-sponsored hacking group Lazarus Group. Aave Labs previously proposed unfreezing the seized funds and transferring them into the “DeFi United” fund to compensate rsETH holders—but this legal action by Gerstein Harrow may significantly delay compensation for victims. Members of the Arbitrum DAO community have criticized the move, arguing it shifts the burden of North Korea’s debts onto another set of victims, thereby exacerbating the original harm. Gerstein Harrow had previously pursued litigation related to the 2023 Heco Bridge hack involving Teth
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Recruitment Firm IPTS Acquires Talent Protocol, Gains 86 Million Activity Records to Expand Hiring in Crypto and Other Fields
Odaily News Recruitment firm Interplanetary Talent Services (IPTS) has announced the acquisition of reputation platform Talent Protocol, gaining access to 6.6 million verified developer profiles and 86 million activity records for recruiting talent in cutting-edge technology fields such as AI, crypto, and decentralized systems. Following the completion of the transaction, Talent Protocol will cease commercial operations, its Builder Score self-service application will transition into a public good, and the TALENT token and legal entities are not included in the scope of the transaction.
Reality and The Network Firm Upgrade Partnership, Plan to Provide Daily US Stock Token Audit Reports
Reality, the licensed RWA issuance platform under Bitget, announced a deepened cooperation with US audit firm The Network Firm. Following the upgrade, The Network Firm will provide daily Proof of Reserve (PoR) audit reports for the US stock token rToken issued by Reality based on attestation standards established by the American Institute of Certified Public Accountants (AICPA), aiming to verify that each issued rToken matches the corresponding stock or ETF assets in the custody account. The relevant underlying stocks and ETFs continue to be custodied by Alpaca Securities LLC, a US securities broker-dealer registered with FINRA and protected by SIPC, forming a transparent architecture with three independent parties: issuance, verification, and custody. The US stock token rToken issued by Reality currently supports 634 tokenized stocks and ETFs and is deeply integrated with the Bitget ecosystem, and can be used in core scenarios such as unified account margin and staking and lending. Previous data shows that the Assets Under Management (AUM) of Bitget stock token rToken exceeded $100 million one month after launch.
RWA protocol Reality releases proof of reserves, with reserve ratio reaching 100%
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
Rosen Law Firm Investigates Michael Saylor's Strategy Over Potential Securities Fraud Allegations
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
Former Robinhood Crypto COO Joins Stablecoin Firm Agora as Head of Operations
According to CoinDesk, Tanya Denisova, former Chief Operating Officer of Robinhood Crypto, has officially joined stablecoin infrastructure company Agora as Head of Operations. She will also serve as Chief Operating Officer of Agora’s proposed national trust bank—a role that will take effect upon approval by the U.S. Office of the Comptroller of the Currency (OCC) of Agora’s application for a national trust charter. Denisova spent six years at Robinhood Crypto, leading the department’s expansion from a team of three to a multi-billion-dollar business operating regulated entities in both the United States and the European Union. Her responsibilities spanned core areas including settlement, liquidity, trading, execution quality, and custody.