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Space Protocol Defends $20M Token Sale after Backlash
Space Protocol pushed back against criticism after its public token sale raised more than $20 million, far above initial expectations.
Space Protocol defended its recent public token sale after demand surged past $20 million, significantly exceeding the $2.5 million target widely discussed ahead of the offering. The Solana-based project said the figure represented a soft cap rather than a hard limit and rejected comparisons to other controversial crypto fundraises.
The team said it ultimately allocated 19.6% of the total token supply to the sale and returned more than $7 million in excess capital. According to Space, the retained funds are intended to support liquidity provision, exchange listings, security audits, and long-term development of its leveraged prediction market platform.
Criticism has continued across social media, with some commentators questioning disclosure practices, marketing tactics, and the backgrounds of the founding team. The episode highlights ongoing sensitivity around token sale mechanics as prediction markets regain traction amid tighter scrutiny of crypto fundraising structures.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Justin Sun Invests $8M in River as Leverage Signals Emerge
Tron founder Justin Sun invested $8 million in DeFi protocol River, as analysts flagged unusually high leverage during a sharp rally in the RIVER token.
Tron founder Justin Sun invested $8 million in DeFi protocol River, the project said Wednesday, positioning the funding as a strategic move to deepen integration across the TRON ecosystem. River focuses on cross-chain stablecoin infrastructure, enabling collateral deposited on one blockchain to mint a unified stablecoin usable across networks.
Following the announcement, River’s RIVER token rose about 24% within a day, significantly outperforming the broader crypto market. The rally pushed the token to new highs and lifted its market capitalization close to $900 million, according to market data.
However, analysts at CoinGlass flagged trading conditions around the move, noting that RIVER futures volume exceeded spot trading by roughly 80 times. Such imbalances, the firm said, suggest price action driven primarily by leverage and liquidation dynamics rather than organic demand, underscoring ongoing volatility risks in smaller-cap DeFi tokens.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Related Articles
Strategy Credit Risk Eases as Preferred Equity Overtakes Debt
Strategy’s growing reliance on perpetual preferred equity has reduced refinancing risk as it overtakes the firm’s outstanding convertible debt.
Credit risk at Strategy has eased as the notional value of its perpetual preferred equity surpassed its outstanding convertible debt, according to company disclosures. Preferred equity now totals about $8.36 billion, exceeding roughly $8.2 billion in convertibles, signaling a structural shift in how the Bitcoin-focused firm finances its balance sheet.
The move away from maturity-based convertible bonds reduces refinancing pressure and dampens equity-linked volatility. Perpetual preferred shares carry fixed dividends but no repayment obligation, offering more stable, long-duration capital compared with debt that matures and fluctuates with stock price movements.
The change comes as Strategy continues to expand its Bitcoin holdings while managing leverage risk. A larger equity base and significant cash reserves further improve dividend coverage and reduce near-term funding concerns, supporting a more durable capital structure amid crypto market volatility.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
F/m Seeks SEC Approval to Tokenize Treasury ETF
Asset manager F/m Investments is seeking SEC approval to record ownership of its $6 billion Treasury ETF on a permissioned blockchain while retaining its regulated structure.
F/m Investments has filed for exemptive relief with the US Securities and Exchange Commission to tokenize shares of its F/m US Treasury 3 Month Bill ETF. The $18 billion asset manager wants to record ownership of the roughly $6 billion fund on a permissioned blockchain while maintaining its status as a standard 1940 Act ETF.
The firm said the tokenized shares would carry the same identifiers, rights, and economic terms as existing ETF shares, positioning blockchain records as an alternative ownership ledger rather than a new asset class. Oversight, custody, and reporting requirements would remain unchanged under existing securities regulations.
The filing reflects a broader institutional push toward tokenization of traditional financial products, following similar initiatives by firms such as Franklin Templeton. If approved, the structure could allow both traditional brokerages and token-aware platforms to access the same ETF shares through a single regulated framework.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Nomura’s Laser Digital Launches Yield-Bearing Bitcoin Fund
Nomura’s digital asset arm Laser Digital has launched a yield-focused Bitcoin fund aimed at institutional investors seeking returns beyond spot price exposure.
Laser Digital, the digital asset subsidiary of Japan’s Nomura Holdings, has introduced the Bitcoin Diversified Yield Fund, targeting institutional and eligible accredited investors. The fund is designed to generate income while maintaining Bitcoin exposure, moving beyond traditional long-only investment structures.
Unlike spot-focused Bitcoin funds, the product deploys diversified, market-neutral strategies intended to produce yield during varying market conditions. Laser Digital said the launch reflects growing institutional demand for tokenized investment vehicles that combine digital asset exposure with income generation.
The fund builds on the firm’s earlier Bitcoin Adoption Fund, which provided directional exposure without yield. Kaio will act as the exclusive tokenization provider, while Komainu will serve as custodian. The launch highlights a broader shift among asset managers toward yield-oriented crypto products tailored for institutional portfolios.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Saga Pauses EVM Chain after Smart Contract Exploit
Layer 1 protocol Saga paused its SagaEVM chain after a smart contract exploit drained nearly $7 million in USDC, which was later bridged out and converted to ether.
Layer 1 blockchain protocol Saga has paused its SagaEVM chain following a smart contract exploit that resulted in the loss of nearly $7 million in USDC. The project said the incident involved unauthorized withdrawals that were quickly bridged out of the network and converted into Ether. Saga halted the chain after detecting suspicious activity and identified the wallet associated with the attacker.
The team said the exploit stemmed from a coordinated sequence of contract deployments, liquidity movements, and cross-chain interactions. Saga emphasized that the incident was isolated to the SagaEVM chain and did not impact its core infrastructure, validator set, or consensus mechanisms. No evidence of compromised keys or validator failures was found.
Saga said it is working with exchanges and bridge operators to blacklist the attacker’s address and limit further risk. A full post-mortem is expected after the investigation concludes, as the broader crypto sector continues to face elevated levels of security breaches.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitwise Says Q4 Showed Signs of Bear Market Bottom
Bitwise said crypto markets showed characteristics of a potential bear market bottom in the fourth quarter, despite weak price performance.
The fourth quarter of 2025 showed signs consistent with a potential bottom in the crypto bear market, according to a new report from crypto asset manager Bitwise. Chief investment officer Matt Hougan said markets delivered mixed signals, with prices declining even as several underlying fundamentals strengthened.
Hougan compared the period to early 2023, when crypto prices struggled in the aftermath of the FTX collapse despite improving onchain and business metrics. He said similar divergences between sentiment and fundamentals have historically appeared near cyclical lows, though he emphasized that outcomes remain uncertain.
Bitwise highlighted several data points from Q4, including record transaction activity on Ethereum and layer-2 networks, continued revenue growth among crypto-native firms, and stablecoin usage reaching new highs. The report also noted sustained adoption in decentralized finance, with decentralized exchanges processing volumes comparable to centralized platforms. Analysts across the market remain divided on the outlook for 2026, reflecting ongoing macroeconomic and policy uncertainty.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Thailand Prepares Crypto ETF Rules as Institutional Interest Grows
Thailand’s securities regulator is drafting rules for crypto ETFs and futures trading as the country seeks to attract more institutional participation.
Thailand’s Securities and Exchange Commission is preparing new regulations to support crypto exchange-traded funds, crypto futures, and tokenized investment products, according to comments from senior officials this week. The regulator expects to issue formal guidelines for crypto ETFs early this year, aiming to improve investor access while reducing operational risks such as custody and wallet security.
In parallel, the SEC plans to enable crypto futures trading on the Thailand Futures Exchange and formally recognize digital assets as an asset class under the Derivatives Act. Additional measures include establishing market makers to support liquidity and expanding regulatory frameworks for tokenized bonds through a sandbox approach coordinated with the central bank.
The initiative reflects Thailand’s effort to position itself as a regional crypto hub for institutional investors, even as crypto payments remain restricted. The SEC is also tightening oversight of financial influencers and has recently suspended KuCoin Thailand for failing to meet capital requirements, underscoring a broader push toward stricter supervision.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
BitGo Prices IPO at $18 Ahead of NYSE Debut
Crypto custody firm BitGo priced its initial public offering at $18 per share, above its marketed range, with trading set to begin on the NYSE.
BitGo Holdings has priced its initial public offering at $18 per share, exceeding its earlier indicated range of $15 to $17, ahead of its expected debut on the New York Stock Exchange. Shares are set to trade under the ticker BTGO, with the offering expected to close later this week, subject to customary conditions.
The IPO includes 11.8 million shares of Class A common stock and is projected to raise approximately $212.8 million in gross proceeds. Of that total, about 795,000 shares are being sold by existing shareholders, meaning BitGo will not receive proceeds from those sales. The offering implies a valuation of more than $2 billion for the company.
Founded in 2013, BitGo has built its business around digital asset custody and infrastructure, reporting more than $90 billion in assets under custody. The listing underscores growing investor focus on crypto-native service providers as institutional participation in digital assets expands.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Strive Targets $150M Raise to Reduce Debt and Expand Bitcoin Holdings
Strive plans to raise up to $150 million through a preferred stock offering to pay down debt and potentially increase its Bitcoin exposure.
Strive, an asset manager co-founded in 2022 by Vivek Ramaswamy, plans to raise as much as $150 million through an offering of Variable Rate Series A Perpetual Preferred Stock. The proceeds are intended primarily for debt reduction and, if excess capital remains, additional Bitcoin purchases.
The funds would be used to reduce liabilities at Strive’s wholly owned subsidiary, Semler Scientific, including repurchasing portions of its 4.25% convertible senior notes due in 2030 and outstanding borrowings under a loan agreement with Coinbase Credit. Strive said the move is aimed at simplifying its balance sheet and returning to a preferred-equity-focused capital structure.
Strive also plans to pursue private debt-for-equity exchanges with certain noteholders, which could reduce the size of the public offering but would not generate new cash. The preferred shares carry an initial annual dividend rate of 12.25%, paid monthly, with terms that adjust based on market conditions.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Aave Hands Lens Stewardship to Mask Network
Aave has transferred stewardship of the Lens Protocol to Mask Network as it refocuses on core DeFi infrastructure and protocol development.
Aave has handed stewardship of the Lens Protocol to Mask Network, shifting responsibility for consumer-facing social applications while retaining Lens as open-source infrastructure. Aave founder Stani Kulechov said the move reflects a strategic refocus on decentralized finance, with Aave stepping back from product execution into a technical advisory role.
Under the new arrangement, Mask Network will lead development at the application layer, including product roadmap decisions, user experience, and day-to-day operations for Lens-based social apps. Lens’ core components, such as its onchain social graph and smart contracts, will remain permissionless and open-source, with no changes announced to protocol ownership or governance.
The transition reinforces Lens’ original positioning as infrastructure rather than a standalone platform. For Aave, the move allows greater concentration on DeFi protocol development, while Mask Network expands its footprint in decentralized social technology amid renewed interest in open, composable social networks.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Solana Mobile Launches SKR Airdrop for Seeker Users
Solana Mobile has launched an SKR token airdrop for Solana Seeker smartphone users, distributing nearly 2 billion tokens to the community.
Solana Mobile has launched an airdrop of its SKR token for users of the Solana Seeker smartphone, expanding the token economy around its Web3-focused mobile platform. The SKR token serves as the utility and governance asset for the Solana Mobile ecosystem and is now live on the Solana blockchain.
The airdrop allocates nearly 2 billion SKR tokens to more than 100,000 Seeker users and participating developers. Eligible users have a 90-day window to claim their tokens, which can be staked immediately through Solana Mobile’s staking interface to earn protocol-defined rewards. SKR has a fixed supply of 10 billion tokens and is issued as a standard Solana SPL asset.
The initiative underscores Solana Mobile’s strategy to align incentives among users, developers, and ecosystem partners. By pairing hardware distribution with token-based participation, the company is positioning its mobile products as an access point for onchain applications, governance, and rewards within the broader Solana ecosystem.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Chainlink Launches 24/5 US Equities Data for Tokenized Markets
Chainlink has launched 24/5 data streams for US stocks and ETFs, supporting tokenized equities trading beyond standard market hours.
Chainlink has introduced 24/5 US equities and exchange-traded fund data streams designed to support tokenized stocks and ETFs across crypto-native platforms. The new service extends Chainlink’s existing market data products, providing continuous pricing coverage during weekdays beyond traditional US trading hours.
The data streams are intended to enable crypto platforms to offer trading, lending, and derivatives tied to tokenized equities, addressing a key limitation in bringing traditional financial assets on-chain. Chainlink said US stocks remain underrepresented in blockchain markets due to fragmented trading sessions, creating demand for more consistent and high-fidelity data.
The launch comes as crypto firms and traditional exchanges move toward round-the-clock market access. Several protocols have already integrated the new data feeds, while regulators and major exchanges are evaluating always-on trading models. Chainlink said it plans to expand coverage to additional asset classes and regions as on-chain financial infrastructure continues to develop.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bitcoin Online Interest Fell in 2025 Despite Record Prices
Bitcoin search activity and social media mentions declined in 2025, even as prices reached new highs and volatility increased.
Bitcoin experienced a decline in online attention during 2025, despite reaching multiple record price levels over the year. Google Trends data shows global search interest peaked after the November 2024 US election before trending lower throughout 2025, with only brief periods of renewed attention in the second half of the year.
Social media activity reflected a similar pattern. Data shared by Bitcoin developer Jameson Lopp shows that posts on X containing the term “Bitcoin” fell roughly 32% year over year, dropping to about 96 million mentions. Posting activity peaked around major political and policy events early in the year, then steadily cooled despite continued price volatility.
The divergence between price performance and online engagement suggests reduced retail participation and growing market maturity. While prominent Bitcoin advocates remained highly active, broader sentiment indicators point to cautious positioning, even as Bitcoin prices recovered during parts of the year.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.
Bhutan to Deploy Sei Validator, Explore Tokenization Projects
Bhutan plans to deploy a Sei Network validator in the first quarter, expanding its blockchain strategy while exploring tokenization and payments initiatives.
Bhutan is preparing to deploy and operate a validator on the Sei Network in the first quarter, marking another step in its broader digital transformation strategy. The initiative is being developed in collaboration with the Sei Development Foundation and Druk Holding and Investments, Bhutan’s sovereign wealth fund.
Running a validator will allow Bhutan to participate directly in securing the proof-of-stake network, validating transactions, and contributing to protocol governance. Officials at Druk Holding said the deployment aligns with longer-term efforts to build domestic capabilities in blockchain infrastructure and data-driven technologies.
Beyond validator operations, Bhutan and the Sei Development Foundation are exploring potential collaborations in areas such as tokenization, payments, and digital identity. The move builds on Bhutan’s existing blockchain activity, which includes Bitcoin mining operations and a self-sovereign identity system powered by Ethereum. Together, these initiatives position the country as an active government participant in blockchain adoption rather than a passive observer.
Disclaimer: Disclaimer: CoinScreamer is an independent media brand owned by NuvexMedia LLC, providing news, research, and market insights. NuvexMedia LLC invests in and collaborates with various companies across the digital asset and technology industries. Despite these partnerships, CoinScreamer operates with full editorial independence to deliver accurate, timely, and objective information about the crypto market. Below are our current financial and business disclosures. © 2025 NuvexMedia LLC. All Rights Reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice.