8 Aug 2025, 08:55

Galaxy Digital SUI Investment: Unlocking a Massive $450M Treasury Strategy

BitcoinWorld Galaxy Digital SUI Investment: Unlocking a Massive $450M Treasury Strategy A significant development is reshaping the digital asset landscape! The recent Galaxy Digital SUI investment with Mill City Ventures has just set a new benchmark, creating the largest public market SUI treasury strategy. This collaboration highlights a growing trend of traditional finance embracing the world of cryptocurrencies. Let’s dive into what makes this partnership so impactful. What Does This Mean for Mill City Ventures? Mill City Ventures , known as a non-bank lending and specialty finance company, is making a monumental leap into the digital asset space. Through this strategic alliance, Galaxy Asset Management, a key part of Galaxy Digital, will now oversee Mill City Ventures’ substantial $450 million SUI treasury strategy . This isn’t just about holding digital assets; it’s about optimizing them for growth and stability. The partnership brings several critical advantages to Mill City: Institutional-Grade Execution: Access to sophisticated trading and management tools, ensuring efficient transactions. Enhanced Liquidity: The ability to efficiently convert assets when needed, providing financial flexibility. Customized Staking Strategies: Tailored approaches to earn rewards on their SUI holdings, maximizing potential returns. This move positions Mill City Ventures at the forefront of digital asset adoption within public markets, providing a blueprint for others to follow. Galaxy Digital’s Role in Digital Asset Management Galaxy Digital, a leading diversified financial services and investment management firm in the digital asset sector, brings unparalleled expertise to the table. Their involvement goes beyond just managing the treasury; they are also a major investor, having participated in the private placement that funded this initiative. This demonstrates their strong belief in the potential of SUI and the strategic vision of Mill City Ventures. Their extensive digital asset management capabilities ensure that Mill City Ventures’ SUI holdings are handled with the highest standards of security, efficiency, and strategic foresight. Galaxy Digital’s reputation for navigating complex crypto markets provides Mill City with a significant competitive edge. Why is This Institutional Crypto Partnership So Significant? This collaboration represents a landmark institutional crypto partnership . It’s not everyday that a public market company announces such a substantial allocation to a single digital asset like SUI. This $450 million treasury strategy is the largest of its kind in the public markets, as confirmed by a Business Wire press release. Such a large-scale adoption by a traditional finance entity signals increasing mainstream acceptance and maturity of the cryptocurrency ecosystem. Moreover, it paves the way for other public companies to consider similar strategies. The confidence shown by both Galaxy Digital and Mill City Ventures could inspire more institutional capital to flow into digital assets, diversifying portfolios and potentially unlocking new revenue streams for corporations. Understanding the SUI Treasury Strategy At its core, the SUI treasury strategy involves managing a significant reserve of SUI tokens. SUI is a relatively new layer-1 blockchain, known for its scalability and low-latency processing. By holding SUI, Mill City Ventures is not just speculating on its price but also potentially participating in its network’s security and growth through staking. Staking allows holders to lock up their tokens to support the network’s operations and, in return, earn rewards. Galaxy Asset Management’s expertise in customized staking strategies means they will optimize these holdings to generate additional yield, maximizing the value of Mill City’s investment. This proactive approach to digital asset management is crucial for long-term success in the volatile crypto market. In conclusion, the partnership between Galaxy Digital and Mill City Ventures for a substantial Galaxy Digital SUI investment is a groundbreaking moment. It underscores the increasing institutional confidence in digital assets and showcases a sophisticated approach to managing large-scale crypto treasuries. This alliance not only benefits Mill City Ventures with expert management but also sets a precedent for how traditional companies can strategically engage with the evolving blockchain economy. Frequently Asked Questions (FAQs) 1. What is the core of the partnership between Galaxy Digital and Mill City Ventures? The partnership centers on Galaxy Asset Management, a part of Galaxy Digital, managing Mill City Ventures’ significant $450 million SUI treasury strategy, which is currently the largest in public markets. 2. What benefits does Mill City Ventures gain from this collaboration? Mill City Ventures gains institutional-grade execution, enhanced liquidity, and customized staking strategies for its SUI holdings, leveraging Galaxy Digital’s expertise in digital asset management. 3. Why is this SUI investment considered so significant for the crypto market? This Galaxy Digital SUI investment represents the largest public market SUI treasury strategy, signaling growing institutional confidence and mainstream adoption of digital assets by traditional finance companies like Mill City Ventures . 4. What does “SUI treasury strategy” entail? A SUI treasury strategy involves actively managing a large reserve of SUI tokens, including optimizing them for yield through staking and ensuring efficient access to liquidity, all handled by expert digital asset management . 5. Did Galaxy Digital also invest in this initiative? Yes, Galaxy Digital was a major investor, participating in the private placement that helped fund this significant institutional crypto partnership . Did you find this deep dive into the Galaxy Digital and Mill City Ventures partnership insightful? Share this article on your social media platforms to help others understand the evolving landscape of institutional crypto adoption! To learn more about the latest crypto market trends, explore our article on key developments shaping institutional adoption of digital assets. This post Galaxy Digital SUI Investment: Unlocking a Massive $450M Treasury Strategy first appeared on BitcoinWorld and is written by Editorial Team

8 Aug 2025, 08:45

Vitalik Warns Corporate ETH Treasuries Could Become ‘Overleveraged Game’ Despite Benefits

Ethereum co-founder Vitalik Buterin has issued a stark warning about the growing trend of companies holding ETH in their treasuries, cautioning that the strategy could evolve into an “ overleveraged game ” that triggers massive market liquidations. His comments come as corporations rush to add cryptocurrencies to their balance sheets, with 64 entities now holding 3.04 million ETH worth $11.88 billion. Ethereum Founder Balances Benefits Against Overleveraging Risks Buterin acknowledged the benefits of corporate ETH adoption during a recent video podcast with Bankless. He praised the coordination around ETH as a treasury asset and noted that treasury companies provide valuable access vehicles for different investor types with varying financial circumstances and requirements. Are ETH Treasuries good for Ethereum? @VitalikButerin thinks they can be: “ETH just being an asset that companies can have as part of their treasury is good and valuable… giving people more options is good.” But he also issues a warning: “If you woke me up 3 years from now… pic.twitter.com/W55oUD7Lke — Bankless (@BanklessHQ) August 7, 2025 However, the Ethereum founder painted a concerning scenario about potential risks. He warned that if someone told him in three years that treasuries led to ETH’s downfall, he would guess that they turned into an overleveraged system. A 30% market drop could trigger forced liquidations, escalating to 50%, then 70%, and eventually 90% crashes, compounded by credibility loss, he explained. Glassnode lead analyst James Check had previously sounded similar alarms about Bitcoin treasury strategies in July. Check argued that easy gains might already be gone for new entrants as the market matures, with the strategy having a “far shorter lifespan than most expect.” VanEck’s Matthew Sigel raised additional concerns in June about companies using at-the-market share issuance programs to fund crypto purchases. When stock prices near parity with Bitcoin holdings’ value, dilution sets in rather than capital formation. Semler Scientific exemplifies these risks, with its stock dropping 32% year-to-date despite accumulating 3,808 BTC, resulting in a market multiple below its Bitcoin net asset value. Source: TradingView The warnings coincide with an unprecedented surge in corporate crypto adoption. Bitcoin treasuries now hold 3.65 million BTC across 290 entities, led by MicroStrategy’s massive 628,791 BTC position. Source: Bitcoin Treasuries Strategy’s dominance has attracted numerous copycats, with 21 new entities adding Bitcoin holdings in June alone. Early Movers Advantage: Market Faces Saturation Risks MicroStrategy’s pioneering approach under Michael Saylor established a template that hundreds of companies now follow. The firm’s nearly 630,000 BTC position was due to its early adoption, which created substantial advantages before the strategy became mainstream. Check emphasized that established players like MicroStrategy have more time to prove their thesis compared to latecomers entering an increasingly crowded space. “Nobody wants the 50th Treasury company,” he noted, warning that investors now demand clear differentiation beyond simply adding Bitcoin to balance sheets. New entrants face mounting challenges as speculative retail investors have limited capital to support dozens of similar strategies. The saturation concerns extend beyond Bitcoin to Ethereum, where corporate holdings have grown rapidly. Bitmine Immersion Tech leads with 833,100 ETH, followed by SharpLink Gaming’s 521,900 ETH position and The Ether Machine’s 345,400 ETH holdings. Source: Strategic ETH Reserve Liquidity Concerns Mount as Treasury Strategies Face Structural Vulnerabilities Financial experts have identified significant liquidity risks in the corporate crypto treasury trend. Historical precedence has shown how liquidity-driven selling can trigger market crashes even without major economic shocks, with historical examples including the 2008 financial crisis and 2023 banking turmoil. In fact, Bear Stearns and Silicon Valley Bank’s collapses perfectly illustrated how quickly liquidity can evaporate when confidence erodes. SVB’s failure was particularly due to liquidity mismanagement risks, as the bank couldn’t liquidate assets fast enough to meet withdrawal demands from panicked depositors. VanEck recommended safeguards, including pausing share issuance programs if stocks trade below 0.95 times net asset value for ten trading days. VanEck exec @matthew_sigel warns Bitcoin treasury strategies could backfire, as firms nearing NAV risk eroding shareholder value through continued BTC accumulation. #VanEck #BitcoinTreasury https://t.co/jEINL4NuxY — Cryptonews.com (@cryptonews) June 16, 2025 The firm also suggested prioritizing buybacks when Bitcoin rises but stock prices don’t reflect gains, and tying executive compensation to NAV per share growth rather than holdings size. Breed Venture Capital warned in June that only a few Bitcoin treasury companies will likely survive long-term without falling into a “death spiral” as stock prices converge with BTC holdings values. Source: Breed Venture Capital Notably, Pomerantz LLP has filed a class action lawsuit against MicroStrategy, accusing the firm of misleading investors about the profitability and risks of its crypto strategy. The concerns extend to artificial liquidity provided by market makers and algorithmic trading firms. While this corporate adoption is pushing the bull run, it may vanish during extreme volatility, leaving traders vulnerable to shortages when real liquidity becomes crucial for market stability. The post Vitalik Warns Corporate ETH Treasuries Could Become ‘Overleveraged Game’ Despite Benefits appeared first on Cryptonews .

8 Aug 2025, 08:22

Animoca Brands and Standard Chartered took the first step toward stablecoin for Hong Kong

Animoca Brands and Standard Chartered took the first step in launching a stablecoin for the Hong Kong market. The partnership tests the new stablecoin legislation taking force from August 1. Animoca Brands and Standard Chartered took the first step in the process of launching a stablecoin for the Hong Kong market. The partners, which announced their intentions in February, as Cryptopolitan reported , now have to comply with the region’s new legislation on stablecoins, taking force from August 1. ‘ Stablecoins represent one of the most compelling use cases within Web3, and we believe we are still at the early frontier of widespread adoption across institutions and retail alike. As assets continue to move on-chain, the HKMA-regulated fiat-referenced stablecoin is important in reinforcing Hong Kong’s position as a leading international financial center, ’ said Evan Auyang, group president of Animoca Brands. The Hong Kong Stablecoin Ordinance outlines a process to launch a stablecoin, opening the gateways for new pools of liquidity. The new licensing regime aims to track stablecoins and their issuers, to avoid impinging on the general financial system. The process for Animoca Brands is still in its early stages, starting with a statement of formal interest before the Hong Kong Monetary Authority. Unlike other crypto entities, Animoca Brands focuses on the Asia Pacific region and does not seek the EU stablecoin license or US-based Genius Bill compliance. Animoca Brands supports global stablecoin transfers Animoca Brands has shifted its focus from its previous funding activity and Web3 projects, seeing the potential of stablecoins. The Web3 fund still sits on significant ETH reserves, which can be used to generate liquidity. Animoca Brands itself uses USDT and USDC for its day-to-day activities and general transfers. The startup is active in trading and provides liquidity to other protocols. Over the years, Animoca Brand has raised more than $825M, reinvesting a part in new startups, games, NFT collections, AI and most of the latest crypto trends. Stablecoins are also trending, with signs of mainstream searches and general uses for both fully regulated and still grey-area assets. Animoca Brands has not announced the type of planned stablecoin. In most highly regulated environments, stablecoins rely on fiat bank reserves or partial backing by bonds. The fund also pointed out the benefits of stablecoins as an alternative to global remittances. “Global money that moves with speed and stability.” 💰🪙 Stablecoins are quietly revolutionizing how money moves across the globe. Imagine sending a digital dollar as seamlessly as a WhatsApp message—no bank hours, no wire delays, no sky-high fees. 👇 pic.twitter.com/znocm7VXB0 — Animoca Brands (@animocabrands) August 8, 2025 Standard Chartered has also accumulated experience with stablecoins and tokenization through its Libeara platform on Ethereum. The L1 chain remains the main venue for stablecoin issuers and transfers, with the biggest open liquidity market. Are Hong Kong’s stablecoin rules too strict? Animoca Brands has spoken of the stablecoin market as a free-for-all. However, the Hong Kong Stablecoin Ordinance remains extremely strict for both issuers and end users. All stablecoin issuers must also comply with KYC and other customer identification rules, potentially limiting stablecoin adoption. Currently, the most widely used stablecoin for payments is USDC, especially in its TRON version. Despite the strict regulations, Hong Kong has stated its intentions of becoming a crypto hub, testing out new tools to regulate and track usage. Stablecoins have grown significantly, at over $250B in total supply, sparking fears their activity may start undermining the effect of central banks and fiat usage. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

8 Aug 2025, 08:04

US Bank Says New Bull Market Underway After Silent Recession Expired in April

The US economy is in “a new bull market,” according to Mike Wilson, Morgan Stanley’s chief US equity strategist. Wilson says in a new interview with Bloomberg TV that Morgan Stanley believes the economy had been in a three-year rolling recession that ended in April. “Now we’re in a new bull market and capital markets activity is just another sign that that analysis or that conclusion is probably correct.” The Morgan Stanley executive believes there could be volatility and drawdowns in the third quarter, but he also thinks that such corrections wouldn’t invalidate the bull market thesis. “We’ve said that the third quarter, we think this is the best chance we could have for some correction or moderation, if you will. But I want to be very clear, it is still early in the new bull market, so you want to be buying these dips.” Wilson also outlines what he believes needs to happen for the bull market to continue. “I think to continue the bull market, you need two things. The ingredients you need [include] positive rate of change on growth. Okay, we have that from an earnings standpoint. And you have a policy that isn’t inhibiting that growth. So both fiscal and monetary policy look like they’re okay. And it appears as if the Fed, maybe they’re not going to cut [rates] in the short term, but all signs point to the next move will be a cut. So you have supportive policy, you have positive rate of change, you have good flow dynamics. I mean, those are all the ingredients you need.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Bank Says New Bull Market Underway After Silent Recession Expired in April appeared first on The Daily Hodl .

8 Aug 2025, 08:02

SNEK Core Contributor Claims SNEK Will Push Cardano Forward “Again and Again”

The SNEK meme community is not backing down on its belief that it has significantly impacted the Cardano ecosystem and deserves more recognition. Core contributor Rami rekindled the hot debate about the SNEK token’s relevance within the Cardano ecosystem in an August 7 tweet . In the post, he emphasized that the meme coin will push Cardano forward “again and again.”Rami also added that SNEK meme coin has and will continue to bring adoption to Cardano. His tweet reiterates the meme coin community’s stance that it holds high significance to the network amid a recent disagreement with Cardano founder Charles Hoskinson.What Went Down Between the SNEK Meme Community and Cardano FounderNotably, the disagreement began with a proposal from the SNEK team seeking to withdraw 5 million ADA ($3.9 million at press time) from the Cardano treasury to fund listing on more tier 1 exchanges.Accompanying the proposal was a track record of SNEK’s importance to the Cardano ecosystem. For context, over 42,000 wallets hold SNEK, which is the largest among other Cardano native tokens.Additionally, SNEK is the most traded token on Cardano, accounting for 2 billion ADA in all-time trading volume. The token has also secured listings in prominent exchanges like Kraken and Crypto.com, all of which were self-funded efforts. Excerpt from SNEK Meme Cardano Treasury Withdrawal Proposal Considering these, the SNEK team sought funding to expand its reach further, a request that Hoskinson asked the community to restructure. He insisted that no one was getting funded from the Cardano treasury to cover listing fees, not even Midnight.SNEK Community ReactsDespite Hoskinson stating that he supports the SNEK community, his proposal to restructure the request as a bond repayable in the next three years didn't bode well with the meme coin’s enthusiasts. This sparked a debate on SNEK’s relevance to the ecosystem, specifically in comparison with the imminent privacy-focused Midnight .They claimed that this was not just the reason why Cardano-native tokens don’t list on major exchanges, but also highlights the negligence of SNEK’s massive impact on the ecosystem. A user went as far as stating that there would be nothing left on Cardano without SNEK.While the debate has died down slowly, Rami’s tweet yesterday has rekindled the narrative. His post suggests that although some, like Hoskinson, might not appreciate their efforts, they will continue to help Cardano thrive.Meanwhile, SNEK continues to lead proceedings in the Cardano ecosystem, rallying 16.63% in the past 24 hours. It currently ranks as the 218th token in the global market cap ranking, with a valuation of $310 million.

8 Aug 2025, 07:36

El Salvador has announced in a post on X plans to introduce Bitcoin banks in the Bitcoin country

El Salvador announced today in a post on X that it plans to introduce Bitcoin banking into its economy. The announcement builds on President Nayib Bukele’s Bitcoin-driven economic strategy. The plan remains unclear, and there are no details as of now. The post declared that ‘Bitcoin Banks are coming to Bitcoin country,’ suggesting that the country may roll out banking institutions specifically for Bitcoin operations. If implemented, this plan could reshape how El Salvadoran citizens access finance. El Salvador considers Bitcoin-only banking institutions El Salvador, known for adopting Bitcoin as legal tender, has not yet released details on the regulation frameworks surrounding the announcement of Bitcoin banks. As we wait for further announcements, it remains speculative that the proposed Bitcoin banks can offer deposits, lending, and financial investment instruments in BTC. 🇸🇻🚀 pic.twitter.com/DEGUKMmhfd — The Bitcoin Office (@bitcoinofficesv) August 8, 2025 The announcement builds on Nayib Bukele’s proposal to introduce a Bank for Private Investment (BPI) last year. Milena Mayorga, El Salvador’s Ambassador to the U.S., explained the BPI proposal as a model allowing banks in El Salvador to operate under minimal regulations compared to traditional banking. She added that the banks will have fewer restrictions when forming partnerships with international banks and more flexibility on loan amounts. Bukele’s original plan outlined that BPIs should have a minimum share capital of $50 million and at least two shareholders. The BPIs could register as digital asset managers and BTC service providers. The Technology, Tourism, and Investment Commission is still considering the BPI. Max Keiser, Senior Bitcoin advisor to Bukele, shared his thoughts that introducing Bitcoin into the banking sector would boost the country’s GDP. Cathie Wood , CEO of Ark Investment, forecasted that El Salvador would experience higher economic growth in the next five years following the plan to adopt the BPI. IMF challenges El Salvador’s Bitcoin narrative as it plans to form Bitcoin banks Some analysts noted that Bitcoin banks could expand financial inclusion in the Bitcoin country with a nearly 70% unbanked population. The analysts revealed that the BPI model could offer an alternate solution to traditional banking. They have also cited Bitcoin’s volatile nature and skepticism as key concerns over its integration into banking. IMF cautioned against cryptocurrency’s widespread adoption, noting crypto’s unstable nature and consumer protection as key concerns. El Salvador has been advancing its Bitcoin strategies since it adopted Bitcoin as legal tender in September 2021. The country launched a state-backed Chivo wallet that invested in Bitcoin reserves and bonds. It also introduced a geothermal-powered BTC mining project. Following the announcement today, it’s still unclear and speculative whether the plan will follow the BPI or adopt a new framework. The government of El Salvador is expected to deliver more details later on the plan. However, the message is clear now that the country is committed to doubling down on Bitcoin adoption. An IMF report revealed that El Salvador has maintained its promise not to buy more BTC under the $1.4 billion credit agreement. The IMF said the recent Bitcoin activity in the country’s wallet was a consolidation from the country’s different wallets and not a new purchase. The report counters the country’s remarks that those transfers were fresh buys, showing a questionable communication strategy from the state. El Salvador’s holdings touched a high of $767 million, while BTC hit an all-time high of 123k last month. If you're reading this, you’re already ahead. Stay there with our newsletter .