SoftBank
SoftBank is reportedly in discussions to buy digital infrastructure firm DigitalBridge, according to a Reuters source, as it looks to expand into AI-focused assets. The talks are ongoing and no deal has been confirmed.
PayPay, operated by SoftBank, is integrating with Binance Japan as it prepares for an anticipated U.S. IPO in December; the move ties a mainstream payments app to a major crypto exchange. SoftBank also backs one of the world’s top 10 public Bitcoin holders.
Over 160,000 traders were liquidated in 24 hours, generating $613 million in losses after Ethereum fell below its 20-day moving average. Panic accelerated when SoftBank sold Nvidia shares, amplifying volatility and putting key ETH supports at risk of breaking toward $3,000.
Twenty One Capital, Inc., led by Jack Mallers and backed by Tether and SoftBank, is set to become the third-largest Bitcoin treasury with over 42,000 Bitcoin. Trading under symbol "XXI", the company raised $585 million to buy more Bitcoin and fuel operations.
Public companies are increasingly adopting Bitcoin treasury strategies, inspired by MicroStrategy's success, to boost their cash reserves and attract tech-savvy investors. This trend combines crypto enthusiasm with evolving regulations, but also carries notable risks.