Bitcoin-backed lending is entering its institutional era: Two Prime
Public companies are increasingly borrowing against their bitcoin holdings to fund acquisitions and capital spending without selling the asset. Source：CoinDesk
Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1
The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities…
FlightAware sues Kalshi over bets on flight cancellations
The flighttracking company alleges Kalshi used its data and trademark without permission to settle contracts on canceled flights. Source：CoinDesk
Software stocks break away from bitcoin: What the rare divergence means for crypto
IGV’s rebound is reshaping a relationship it held with bitcoin for years, but history suggests bitcoin could still catch up. Source：CoinDesk
Luke Dashjr removed as Bitcoin BIP editor after controversial BIP-110 fork stalls
Dashjr said he is taking a sabbatical from his role as chair and chief technology officer of mining pool Ocean. Source：CoinDesk
Nvidia’s $500 billion AI infrastructure push leaves crypto compute further behind
Nvidia has signed memorandums of understanding with six major Wall Street firms to establish "AI compute" as a bankable infrastructure asset. Source：CoinDesk
UK lawmakers question lenders over lack of banking for the country’s crypto firms
The U.K.’s Crypto and Digital Assets AllParty Parliamentary Group asked banks to explain their approach to providing banking services to crypto and digital…
Riot Platforms surges 20% in pre-market trading on $9.1 billion Anthropic deal
The bitcoin miner’s 20year agreement highlights an industrywide shift toward AI infrastructure revenue. Source：CoinDesk
A $2 trillion asset class is getting a new blockchain rail
ADI Chain and Shipfinex are partnering to tokenize commercial ships, aiming to open the $680B shipfinance market to wider capital pool. Source：CoinDesk
U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings
The Securities and Exchange Commission will vote this week to start its first major crypto rulemaking process. Source：CoinDesk
Bitwise's Rasmussen: Circle is mispriced as stablecoins head toward trillions
Bitwise's Ryan Rasmussen says investors are underestimating Circle as stablecoins expand and the company builds out its payments infrastructure. Source：CoinDesk
Strategy builds $4.75 billion cash cushion as only bitcoin isn’t enough for investors
Strategy is holding billions in cash after learning that traditional investors don’t necessarily view its massive bitcoin reserves as a substitute for dollars.…