NAKA News & Events

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.ICE, OKX FORM U.S. CRYPTO JOINT VENTURE:Intercontinental Exchangeand OKX announced Monday thefocused on building next-generation infrastructure for tokenized and digitally native financial products. Subject to certain regulatory approvals, it is expected that the joint venture will operate as a U.S. registered broker dealer and FCM for the purpose of enabling OKX's customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets. The 50-50 venture will also explore adjacent opportunities for regulatory-compliant blockchain-enabled markets. The joint venture will be co-chaired by ICE and Governor Andrew Cuomo."The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead," said Trabue Bland, SVP, Futures Exchanges at ICE. "ICE's global benchmarks and regulated market technology have earned the trust of institutions and traders everywhere and now, through our partnership with OKX, we are working towards extending that reach to OKX's 120M retail traders."BITGO REDUCES WORKFORCE BY 15%:In a Thursday post on X, BitGoCEO Michael Belshe announced that theHe said, "I want to be straight with you about why. The ecosystem has evolved, and the way we build financial services has changed dramatically. To keep winning for our clients, we need to be sharper, more focused, and concentrate our people and energy on the areas that matter most: security, trading, stablecoins, settlement, and AI-powered infrastructure. Getting there means making BitGo more deliberate than it is today. This isn't an easy day. BitGo is built by people I respect and care about, many of whom bleed blue and have given everything to get us here. I'm truly grateful for all of your contributions, and I don't take saying goodbye lightly. By the time you read this message, everyone affected will already have heard directly from their manager and HR. To those of you who are leaving: thank you. You helped shape BitGo into what it is today, and the company will always be better because you were here. I wish you nothing but success ahead. To the team that remains: I know this is still hard. Be good to each other and overcommunicate as we reorganize. We have a clear, strong path forward, and this is a one-time action. We don't anticipate further reductions. I wouldn't make this call if I didn't believe deeply in our future. Let's go build it."The company also announced in a Monday regulatory filing that chief compliance officer Jeffrey Horowitz has retired. BitGo said Horowitz's decision to retire was not as a result of any disagreement with the company on any matter relating to the company's operations, policies, or practices.Additionally on Monday, BitGo announced plans to expand institutional access to certain third-party decentralized finance vault products and onchain lending-related opportunities through a new DeFi vault offering developed with third-party infrastructure providers and risk managers. Among the planned launch partners is Morpho, the decentralized lending infrastructure protocol supporting onchain lending markets.GALAXY INVESTS IN DIGITAL PRIME TECHNOLOGIES:Digital Prime Technologies announced Tuesdayfrom Galaxy Digital. The investment builds on Galaxy's existing relationship with Digital Prime Technologies as a launch participant on Tokenet, the institutional digital asset lending platform that went live in May 2026. Tokenet, developed in partnership with EquiLend, applies proven securities lending workflows, risk controls, and lifecycle management to digital assets, delivering the operational rigor required by institutional market participants. Digital Prime will use the investment to accelerate Tokenet's development and expand its institutional client base. EquiLend's global network continues to provide the distribution foundation for Tokenet to scale within the institutional lending community."The maturation of digital asset lending depends on infrastructure that institutions can trust from day one. Tokenet has been built with that bar in mind, and Galaxy's investment in Digital Prime is a reflection of our confidence in both the platform and the team behind it," said Max Bareiss, Head of Lending, Galaxy.Additionally on Wednesday, KWTX's Adam Schindler reported that Galaxy is planning a new data center project, "Project Merlin," in McGregor, Texas, after city council approval, involving multiple buildings across a 500-acre site northeast of SpaceXfacilities. The company said it will fund the required infrastructure and does not expect significant impact on local residents. In a presentation to the city, Galaxy described the development as a "$400M+" capital investment and said the project would create "30+" full-time jobs with an average annual salary of "$60K+."BRERA HOLDINGS BUYS 1,347 SOL:Brera Holdings, doing business as Solmate Infrastructure, announced Monday it had completed its second purchase of SOL tokens this month, as the company continues to execute on its commitment to grow its SOL holdings. Solmate Infrastructureon June 16, following the acquisition of 1,557 SOL on June 9. Both transactions were completed using the company's cash reserves.Additionally on Monday, RBCH, an over 10% shareholder of Brera, announced that it had filed a derivative lawsuit, on behalf of the company, against its current officers and directors, for claims of "breach of fiduciary duty, shareholder oppression, and related claims arising from a systematic pattern of self-dealing that has caused tens of millions of dollars in harm to the company and its shareholders." RBCH is the single largest outside shareholder of Brera, having committed $50M in the company's September 2025 $300M PIPE Transaction. RBCH said, "Since the investment, the company's officers and directors have used the investor capital to enrich themselves through a series of conflicted, and wasteful transactions, while simultaneously deploying defensive measures, including baseless claims against RBCH and other concerned parties, to entrench their positions and prevent shareholders from taking corrective action."On Wednesday, Brera responded to the lawsuit in a statement that read, in part, "We are currently engaged in a critical effort to protect the company and its shareholders from what we believe is a fraudulent campaign by the RockawayX Managing Partner and CEO, Viktor Fischer, aimed at exploiting the company and its assets for personal gain. What began as an attempt to extract approximately $200M from the company, as described in the company's lawsuit against Mr Fischer and his company RX, has evolved into a broader false attack that has negatively impacted market perception and contributed to a significant discount in the company's valuation. Mr Fischer, through RockawayX, raised $50M from his investors and invested in Solmate in an attempt to enrich himself by selling his company for $200M, a valuation based on misleading financial statements provided to Brera Holdings. Through diligence and professionalism, the Board identified the misleading information and protected shareholders by walking away from the transaction and filing a lawsuit in Delaware alleging fraud and intentional misrepresentation. Our priority is clear: defend the interests of all shareholders, safeguard the Company's assets, and ensure that corporate resources are used to create value for investors rather than serve individual interests."RBCH responded on Thursday, stating in part, "The allegations made by Brera against RockawayX in its June 24 statement are false, misleading, and a retaliatory response to the derivative lawsuit filed by RBCH just days prior. RockawayX disputes these allegations entirely and will defend itself vigorously through appropriate legal channels. Brera's statement yesterday fails to address any of the specific allegations contained in RBCH's derivative complaint filed in the Supreme Court of the State of New York on June 22."ETHLABS LAUNCHES TO ACCELERATE ETHEREUM ADOPTION:A coordinated group of Ethereum ecosystem stewards announced Monday the launch offormed to ready Ethereum for the next phase of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Sharplink, Ethereum co-founder Joe Lubin and other key Ethereum ecosystem contributors including Anchorage, Octant and SNZ.Ethlabs said, "As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum as the neutral, credibly permissionless settlement layer for the global economy. Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require. Cofounded by five former senior Ethereum Foundation researchers: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, Ethlabs brings together researchers responsible for key contributions to finality, scaling, data availability, the virtual machine and protocol economics — the technologists who have guided the network through its most consequential upgrades over the past decade. This initiative gives that work a dedicated institutional home with stable, long-term funding."Bitmine also announced Monday that itsAs of June 21, the company's crypto holdings are comprised of 5,672,956 ETH, 205 BTC, an $180M stake in Beast Industries, an $104M stake in Eightco Holdingsand total cash and marketable securities of $601M. Bitmine's ETH holdings are 4.7% of the ETH supply.OTHER CRYPTO NEWS:StrategyacquiresStrivepurchases 759 bitcoin, reportsHyperscale Datareportsenters MSA for AI compute capacity in Michigan, receives utility 'will serve' determination in MontanaEightco Holdings reportsBTIG raises Core Scientificprice targetRiot Platformsprice target raised, Cipher Miningprice targetNakamotocloses legacy healthcare clinics amidCitizens initiates Mara Holdingswith, BitdeerwithCleanSparkwith, Keel InfrastructurewithHut 8initiated withprice target raised to $150 from $115 at BTIGLion GroupannouncesHyperion DeFipartners withCantonlaunchesLM Fundingexpands intoSUI GroupexpandsHive Digitalsignswith Swedish companyHeartSciences, Fortitude announcesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 6% this week to $59,067 in U.S. dollars, according to CoinDesk.

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.COINBASE INTRODUCES COINBASE FOR AGENTS:On Thursday, Coinbaseannounceda feature that connects a user's AI agent directly to their account to enable it to trade, pay and execute workflows on their behalf. The company said, "People are already using Large Language Models for a vast range of investment research and financial questions. But these LLMs often lack full context about your actual financial life and portfolio, and they can't take actions on your behalf. Today, we are changing that. Introducing Coinbase for Agents. Connect your favorite agent directly to your Coinbase account to trade, pay, and operate within limits you control. By giving your AI agent direct access to Coinbase, your agent can now do both financial reasoning and execution. The way people interact with the internet is changing. People are increasingly moving through the world via agents rather than apps — and businesses are rapidly rebuilding their products to be agent-first in turn. As that ecosystem grows, Coinbase for Agents is positioned to be your trading and spending account at the center of it."Additionally on Thursday, MassPay Holdings and Coinbase announced a strategic partnership to bring stablecoin-powered cross-border payout capabilities to businesses worldwide. The partnership combines MassPay's single-API global payout network, covering 180 countries across bank transfer, mobile wallet, and digital asset rails, with Coinbase's regulated digital asset infrastructure, institutional-grade safeguarding of digital assets, and extensive global licensing footprint. Together, they enable enterprise customers to move between fiat currency, USDC, and other digital assets without managing separate crypto infrastructure. "Stablecoin rails are becoming the standard for how global businesses move money, and our partnership with MassPay is a great example of that shift in action. MassPay's enterprise clients can now fund in USD, settle in USDC, and pay recipients globally — all within the infrastructure they already use. Coinbase handles the custody, compliance, and onchain infrastructure in the background, so MassPay can stay focused on delivering high-quality service to their clients." said Alec Lovett, Head of Infrastructure Products at Coinbase.FORWARD PROPOSES ACQUISITION OF BRERA HOLDINGS:Forward Industriesannounced Tuesday that itto Brera Holdingson June 1 to acquire the entire issued and to be issued share capital of SLMT in an all-stock transaction. Under the proposal, SLMT shareholders would receive 1.54 newly-issued shares of Forward Industries common stock for each SLMT share, representing a premium of approximately 30.7% to the volume-weighted average closing price of SLMT's ordinary shares over the ten trading days ended June 1 or $7.19 per share. The board of directors of SLMT chose to not engage in discussion with Forward and rejected the proposal on June 6 on the basis that "it does not consider the proposal to be in the best interest of the company".The company said, "Forward Industries respectfully disagrees and believes that the proposal is in the best interest of SLMT and, equally as importantly, the shareholders of SLMT, and is disappointed that SLMT has chosen to not engage in dialogue with the Forward team. Forward believes it is a strong partner and hopes that SLMT is open to further discussion to create an outcome that would create value for SLMT and its shareholders. We believe Forward's capital structure, its scale as the largest Solana treasury, and its access to capital position can realise and sustain the value embedded in SLMT more effectively than SLMT could on a standalone basis."Brera announced Thursday that itthis week at a price of approximately $64.20, as part of its ongoing strategy to make SOL acquisitions. The purchase was made using Solmate Infrastructure's cash reserves, and the company plans to continue deploying capital for further SOL purchases as it seeks to establish itself as the market leader among publicly traded Solana-focused investment and infrastructure companies.MASSPAY EXPANDS OFFERING VIA CIRCLE PAYMENTS NETWORK:MassPay announced Tuesday anprovided by Circle Internet Financial. Building on its existing integration with CPN, MassPay now leverages CPN Management Payments for stablecoin-enabled settlement. The integration enables MassPay customers to fund, manage, and send payouts using stablecoins, without directly managing digital assets or blockchain infrastructure."MassPay's expanded use of Circle Payments Network Managed Payments shows payments companies are looking to bring faster, cheaper, and programmable money movement into their core payout operations," said Irfan Ganchi, SVP of Product Management, Payments at Circle. "By leveraging managed infrastructure through CPN, MassPay enables customers to access stablecoin-powered workflows without directly managing digital assets."On Wednesday, Munify announced its integration with the Circle Payments Network to support stablecoin-based payouts into the Philippines. Through the integration, Munify enables users to receive funds globally in USDC and convert them into Philippine pesos for payout to local bank accounts and digital wallets."Munify's integration with CPN supports stablecoin-based payouts into the Philippines," said Ganchi. "By connecting to CPN, Munify enables more efficient conversion of digital dollars into local currency, helping streamline cross-border payment flows for users and businesses."CME GROUP LAUNCHES NASDAQ CME CRYPTO INDEX FUTURES:CME Groupannounced Tuesday the launch of NasdaqCME Crypto Index futures. At expiration, these contracts are financially settled to the value of thewhich measures the performance of the largest and most actively traded cryptocurrencies. As of June 9, the index includes bitcoin and bitcoin cash, ether, SOL, XRP, ADA, LINK, and lumens."With trading now officially underway, our new Nasdaq CME Crypto Index futures represent a major milestone in the expansion of our regulated digital asset marketplace," said Giovanni Vicioso, Global Head of Cryptocurrency Products. "In today's volatile markets, investors are increasingly seeking diversified exposure to the cryptocurrency ecosystem while retaining the capital efficiencies and transparency of a regulated futures marketplace. These contracts give clients a cost-efficient tool to hedge their risk or directly pursue broad-based crypto opportunities."Additionally on Monday, CME announced its new Bitcoin Volatility Index futures are available for trading. First trades were executed as blocks between DV Chain and Monarq Asset Management."The early support we've seen for our new Bitcoin Volatility futures further demonstrates the growing client demand for more innovative tools to more efficiently protect against adverse market moves," said Vicioso. "Our new 24/7 trading framework expands the utility of these contracts, allowing investors to isolate and precisely manage their portfolio's volatility risk and exposure at any hour of the day, any day of the week – unlocking a critical new layer of risk management."TRUMP CRYPTO PROFITS PROBED:A two-part Reuters investigation published Monday estimated the Trump familyincluding American Bitcoinand World Liberty Financial, while outside investors in those same projects suffered equivalent paper losses. The second installment reported that Eric Trump holds approximately 7.5% of American Bitcoin with no evidence he contributed commensurate capital, while the two Trump sons collectively hold approximately 20%, and American Bitcoin shares are down approximately 90% from their September 2025 IPO price. The dual investigation dropped on the same day the House Ways and Means Committee convened its full-committee hearing on digital asset taxation.OTHER CRYPTO NEWS:Strategyacquires, announces approval of STRC semi-monthly dividendsVisaannouncesStrivepurchasesas of June 5BitGolaunches institutionalintroduces Lightning Earn offering, BitGo MENA launches regulated electronic tradingHyperscale Datareports, announces Yorkville transactionBitmine ImmersionreportsEightco HoldingsreportsCore Scientificre-initiatedRiot Platformsprice targetat Keefe BruyetteNakamotosellsCanaanminesAI FinancialprovidesCangominesBitFuFuminesSolunaminesFigure TechnologytoFoldmonetizesZooz PowertoCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 4% this week to $63,192 in U.S. dollars, according to CoinDesk.

On June 9, 2026, the Company received a letter from Nasdaq Listing Qualifications confirming that the Company regained compliance with the Nasdaq Listing Rule requiring a minimum $1 bid price and closing the matter.