BLK News & Events

VanEck's debut of VBNB as the first physically backed U.S. spot ETF tied to BNB Chain's native token opens a top-five crypto asset to a new pool of equity-market capital, extending the spot-ETF playbook established in January 2024. The launch lands on a day when bitcoin itself is under pressure, with ETF outflows and geopolitical unease combining to push prices to a five-week low. Separately, corporate crypto treasury disclosures, a Grayscale ETF filing amendment, and an infrastructure equity transaction round out a busy cycle. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.VANECK LAUNCHES SPOT BNB ETF: VanEck launched VBNB, the first U.S. spot ETF providing physically backed exposure to BNB, the native asset of BNB Chain, which processes over 14M daily transactions,announced. The listing marks the first time U.S. ETF investors can access BNB through a regulated, physically settled wrapper, a structural expansion of the crypto-ETF universe beyond bitcoinand ether. The VBNB launch follows the spot-ETF approval pathway established in January 2024, when 11 bitcoin funds were approved simultaneously, with BlackRockand its iShares Bitcoin Trust subsequently emerging as the dominant product in that cohort. The relevant read-through is whether BNB Chain's transaction-volume scale translates into durable ETF demand or whether the market remains concentrated in bitcoin and ether products.BITCOIN ETF OUTFLOWS HIT TAPE:Bitcoin fell to a five-week low as renewed geopolitical tensions and approximately $1.5B in cumulative May outflows from U.S. spot bitcoin ETFs weighed on prices,. BlackRock's IBIT recorded approximately $528M in single-day outflows on May 27, its second-largest daily redemption on record, according to the same report. The IBIT outflow figure is particularly notable because the fund has served as the dominant price-support mechanism for bitcoin throughout 2025 and into 2026, with inflow streaks repeatedly cushioning drawdowns. A single-day redemption of this scale from the market's largest spot bitcoin ETF is a sentiment signal equity participants in crypto-adjacent equities, miners, and infrastructure names should track closely.GRAYSCALE HYPE ETF ADVANCES:Grayscalefor the Grayscale HYPE ETF, a proposed spot ETF tracking Hyperliquid's HYPE (HYPE-USD) token. Lion Group Holdingalso, reaffirming it holds all 193,775 HYPE tokens it originally acquired, valued at approximately $11.9M as of May 25, with zero sales since the position was established. Lion Group Holding currently represents one of the most direct Nasdaq-listed HYPE-proxy equities alongside the prospective GHYP product.EIGHTCO TREASURY DISCLOSURE:Eightco Holdingsreported total treasury holdings of approximately $374M as of May 27, including approximately 283,452,700 Worldcointokens, 11,068 ether, a $90M indirect OpenAI stake, and approximately $144M in cash and stablecoins,. The scale of the WLD position, combined with the indirect OpenAI exposure, makes Eightco an unusually diversified digital-asset treasury vehicle relative to peers that hold primarily bitcoin or ether.HYPERSCALE ENDS ATM OFFERING:Hyperscale Dataterminated its at-the-market stock offering program effective June 8, after cumulative sales of approximately 137.6M shares generating approximately $24.7M in gross proceeds at an average of roughly 17.9c per share,. The termination ends near-term equity dilution for a company holding approximately 700 BTC on its balance sheet and signals management's intention to grow its bitcoin treasury without further share-count expansion.ANIMOCA MERGER UPDATE:Currenc Groupfiled with the SEC,with Animoca Brands, with exclusivity extended through June 30, and no definitive agreement signed as of the most recent prior filing on May 6. A completed transaction would create one of the largest publicly listed diversified digital-asset companies on Nasdaq, with exposure to over 600 Web3 and crypto companies in Animoca's portfolio.EXODUS EXPANDS DISTRIBUTION:Exodus Movementannounced that Bitget Wallet, which serves 90 million users, integrated Exodus's XO Swap cross-chain aggregator, expanding the company's enterprise B2B revenue channel across nearly 100 blockchains,. The integration represents a significant new distribution surface for Exodus's infrastructure suite at a moment when cross-chain swap aggregation is becoming a core feature battleground among wallet providers.AMBER AND FUTU EARNINGS:Amber International Holdingreleased, with the company's FY25 revenue having reached $66.1M, up 784% vs. the prior year, and the company holding liquid digital assets on its balance sheet. Futu Holdingsseparatelyof $746.9M, up 25% vs. last year, driven by surging trading volumes on its crypto-enabled Moomoo brokerage platform.PRICE ACTION:As of time of writing, bitcoin was trading at $72,841.72, while ether was trading at $1,988.10,.

With U.S. equity markets back online following the Memorial Day long weekend, the corporate cryptocurrency tape wasted no time. Strategy disclosed the retirement of $1.5B in convertible debt at a discount to par while updating its bitcoin treasury position, JPMorgan Chase priced two new bitcoin-linked structured note offerings, Bitcoin Depot was formally suspended from Nasdaq trading following its Chapter 11 filing, and infrastructure announcements arrived from Core Scientific and Hyperscale Data. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.STRATEGY CAPITAL STRUCTURE UPDATE:Strategycompleted the repurchase of $1.5B face value of its 0% Convertible Senior Notes due 2029 for approximately $1.38B in cash, nearly an 8% discount to par, asconfirmed. The transaction, which settled around May 19, was funded through a combination of cash, ATM proceeds, and bitcoin-related resources, leaving roughly $1.5B of the 2029 notes still outstanding.Last week, Strategy announced a purchase of nearly 25,000 bitcoin, funded by $1.949B in proceeds from sales of STRC preferred shares and $83.7M of common stock. Their purchase was made at an average of $80,985 per coin, bringing its total holdings to 843,738 bitcoin at an aggregate cost basis of $63.87B, or $75,700 per coin on average. The company reported a year-to-date bitcoin yield of 13.3% and disclosed a $871M USD reserve, with remaining ATM capacity spanning more than $51B across its five preferred and common equity programs.JPMORGAN BITCOIN STRUCTURED NOTES:JPMorgan Chasepriced two separate bitcoin-linked structured note offerings today, settling on or around May 29, asrevealed. The first is a set of Auto Callable Accelerated Barrier Notes tied to the iShares Bitcoin Trust ETF managed by BlackRock, maturing June 1, 2029, with 1.50x upside leverage, a 70% downside barrier, and a call premium of at least $185 per $1,000 face value, callable on June 1, 2027 if the ETF finishes at or above its initial value.The second offering links to the MerQube Bitcoin Vol Advantage Index, which applies a 6% annual daily deduction, and carries a contingent interest rate of at least 11.50% per annum, a 60% interest and trigger barrier, and a five-year maturity through May 30, 2031, with quarterly auto-call provisions beginning no earlier than November 27. Together, the two pricings signal continued demand for bank-structured, yield-bearing bitcoin exposure products among wealth management and institutional channels, even as implied bitcoin volatility fell to a nine-month low near the levels last seen in September 2025, per.BITCOIN DEPOT DELISTED:Bitcoin Depotwas suspended from Nasdaq trading at the open today after the ATM operator filed Chapter 11 bankruptcy on May 17 with 15 affiliated entities, for a total of 16 debtors, and failed to timely submit its Q1 Form 10-Q, asdisclosed. Nasdaq filed a Form 25-NSE to delist Bitcoin Depot's Class A common stock and warrants, with the removal effective ten days after filing. The company does not intend to appeal, and equity holders were warned of the potential for a complete loss of value.BITCOIN TREASURY MOVES:Hyperscale Datareported its bitcoin treasury reached roughly 700 bitcoin, valued at approximately $53.9M based on the May 24 closing price of $76,981 per coin, after its Ault Capital Group, or ACG, subsidiary acquired roughly 2 bitcoin in the open market during the week ended May 24, asshowed. Management reiterated its intent to fully deploy remaining allocated cash into bitcoin over time, and noted that ACG's divestiture is targeted for Q2 2027 as the company pivots toward AI data center operations.INFRASTRUCTURE AND MINING:Core Scientificnamed Steve Smith to its board of directors, the company. Smith is the current CEO of Zayo Group and former CEO of Equinix, where he grew revenue from approximately $400M to more than $4B, a background that aligns directly with Core Scientific's large-scale AI colocation expansion underway. The appointment adds seasoned data center infrastructure expertise as the company competes for hyperscaler contracts.PRICE ACTION:As of time of writing, bitcoin was trading at $77,510.58, while ether was trading at $2,128.83,.

Citigroup (C) and HPS Investment Partners, a part of BlackRock (BLK), announced a EUR 15B Private Capital Program, a strategic collaboration to expand comprehensive capital solutions and access to private financing for corporate and sponsor-owned borrowers in the region.The Program intends to finance EUR 15B of debt opportunities in EMEA over an initial five-year term. Under the terms of the initiative, Citi will leverage its extensive Investment, Corporate, and Commercial Bank led origination capabilities to source investment opportunities for the Program, which is designed to serve borrowers with principal business based in Continental Europe, the UK, and eventually the Middle East. Eligible opportunities will comprise a broad range of sub-investment grade debt instruments.

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) NextEra Energy (NEE) is in discussions to acquire Dominion Energy (D) in mostly stock deal, David Carnevali, Josh Saul, and Mark Chediak of Bloomberg reports, citing a person familiar with the matter. The deal could be announced as soon as Monday, but an agreement has not yet been reached and talks could still end, the source added. 2) Activist investor Elliot Investment Management has built a big stake in Bio-Rade Laboratories (BIO), with plans to push the company to boost its underperforming stock price, Lauren Thomas of The Wall Street Journal reports, citing people familiar with the matter. 3) VinFast's (VFS) planned sale of two Vietnamese factories will allow the company to shed $6.9B in debt and obligations to help assist its path to profitability, Nguyen Kieu Giang of Bloomberg reports. "After restructuring, VinFast will essentially be debt-free, with only a small amount remaining," VinFast told Bloomberg in an emailed statement. 4) BlackRock (BLK) is debating on making a multibillion-dollar investment in SpaceX's IPO, Cory Weinberg of The Information reports, citing people familiar with the matter. The investment could be between $5B to $10B. 5) AstraZeneca (AZN) and Daiichi Sankyo's (DSNKY) Enhertu has been approved by the US Food and Drug Administration, FDA, for both the neoadjuvant and adjuvant treatment of patients with HER2-positive early breast cancer based on results from the DESTINY-Breast11 and DESTINY-Breast05 Phase III trials, respectively.