The bitcoin miner issued a $10 million convertible note and closed a $65 million insider-led round while racing to regain compliance with exchange rules.
Not all analysts agree that further drawdowns are over, as Bloomberg Analyst Mike McGlone insists the crypto bubble is over and bitcoin could still revisit $10,000.
Investors looking to bet on tokenization should think in phases, with institution-friendly networks like Canton likely winning first and Avalanche, Ethereum capturing more upside later, Grayscale's Zach Pandl said.
The contracts are regulated by Brazil's securities regulator and designed for professional investors with at least 10 million reais ($1.9 million) in assets.
Bitcoin and ether rise alongside altcoins, yet muted open interest suggests the rally may rely on spot demand and short covering rather than strong leverage.
Unaudited financials show the DeFi protocol's foundation had runway through January 2027 before the UNIfication governance overhaul passed in late December.
Asian stocks surged 4% and S&P 500 futures jumped after Trump said the conflict could conclude without a deal with Tehran, while Morgan Stanley's newly approved bitcoin ETF at 14 basis points opens a $6.2 trillion advisory channel.