Crypto Morning Brief: French Public Company Plans to Raise Over $5.8 Billion to Acquire More Bitcoin; Gold Has Surpassed U.S. Treasuries as the World’s Largest Reserve Asset
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Crypto Morning Brief: French Public Company Plans to Raise Over $5.8 Billion to Acquire More Bitcoin; Gold Has Surpassed U.S. Treasuries as the World’s Largest Reserve Asset
Strive upgrades its rating to “buy” and adds 2,500 BTC, bringing its total holdings to 19,000 BTC.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
ECB Report: Gold Has Surpassed U.S. Treasuries as the World’s Top Reserve Asset
According to the Financial Times, gold has overtaken U.S. government bonds as the world’s largest reserve asset. As stated in a report released by the European Central Bank (ECB) on Tuesday, gold accounted for 27% of central banks’ reserve assets as of end-2025—up from 20% a year earlier. Over the same period, U.S. Treasury holdings declined from 25% to 22%. The share of euro-denominated reserve assets remained unchanged at 15%.
Reserve assets are highly liquid assets held by central banks to support their domestic currency’s exchange rate, fulfill international payment obligations, and provide liquidity during financial turmoil. This shift in composition reflects many countries’ ongoing efforts to seek alternatives to the U.S. dollar—the de facto global reserve currency. These efforts have accelerated markedly since 2022, when the U.S. froze Russian dollar reserves as part of sanctions following the outbreak of the Russia-Ukraine conflict.
ECB President Christine Lagarde wrote in Tuesday’s report: “Geopolitical tensions continue to drive strong central bank demand for gold.”
MoneyGram Launches Dollar-Backed Stablecoin MGUSD for Its Global Payments Network
According to PRNewswire, global payments giant MoneyGram has announced the launch of its native dollar-backed stablecoin, MGUSD, as foundational infrastructure for a suite of financial services across its global payments network.
MGUSD is initially deployed on the Stellar blockchain, with Bridge—a Stripe subsidiary—serving as the regulated issuer. M0 provides smart contract infrastructure for token minting and burning, while Fireblocks supports wallet functionality.
MoneyGram stated that MGUSD will be integrated into its app’s self-custodial wallet, launching first in the U.S. market and gradually expanding globally.
Robinhood Completes $180M Acquisition of Canadian WonderFi, Entering Canada’s Crypto Market
According to The Block, Robinhood Markets has completed its $180 million acquisition of Canadian digital asset services firm WonderFi. WonderFi operates Bitbuy and Coinsquare—Canada’s two largest compliant crypto platforms. Existing users will be invited to migrate to the Robinhood app. This acquisition pushes Robinhood’s overseas registered user count past 1 million, adding approximately 300,000 Canadian users. Robinhood stated it will continue supporting WonderFi’s partnerships with local institutions to further expand its institutional business. Originally announced in May 2025 and initially slated for completion in the second half of 2025, the deal was delayed due to technical deployment and regulatory approval requirements.
French Public Company Capital B Seeks Shareholder Approval to Raise Funds for Bitcoin Purchases
According to BitcoinTreasuries.NET, French publicly listed company Capital B (ALCPB) is seeking shareholder approval to raise up to $5.82 billion via new share issuance and up to $116.4 billion through credit instruments, with proceeds earmarked for additional bitcoin purchases.
Strive Adds 2,500 Bitcoins, Bringing Total Holdings to 19,000
Matthew Cole, CEO of bitcoin treasury firm Strive, stated that Strive acquired an additional 2,500 bitcoins for approximately $185.2 million, at an average purchase price of $74,092 per coin. Following this purchase, Strive’s total bitcoin holdings stand at 19,000.
Meanwhile, its BTC return since the start of the quarter stands at 23.0%, and its year-to-date BTC return is 36.7%, with a leverage ratio of 57.0%.
In addition, Strive said it has increased its cash reserves to maintain an 18-month dividend reserve.
Vitalik Proposes Personalized “Synthetic Stable Assets,” Argues Dollar Pegging Is Not Optimal
Vitalik Buterin has again proposed the concept of “synthetic stable assets,” suggesting that their stability anchor need not be the U.S. dollar. He noted that users’ core need for stablecoins is price stability for future expenditures—but building the crypto ecosystem atop dollar-backed stablecoins undermines true decentralization.
Vitalik Buterin further proposed constructing price indices and prediction markets around major categories of goods and services, and using users’ local large language models (LLMs) to generate personalized predictive portfolio allocations reflecting individual or enterprise spending patterns—thereby replacing fiat-based stablecoin demand.
SignalPlus Raises $50M in B1 Round at $500M Post-Money Valuation, Led by HashKey Capital
According to PRNewswire, SignalPlus announced the successful close of its $50 million Series B1 financing round, achieving a post-money valuation of $500 million. HashKey Capital led the round, with participation from BlockBooster and AppWorks; Goldman Sachs served as exclusive financial advisor.
SignalPlus stated that the funds will support product diversification, global expansion, and upgrades to its institutional-grade derivatives trading infrastructure. Headquartered in Hong Kong, the firm primarily serves institutional clients with digital asset options and derivatives trading, real-time risk management, and pricing tools. It disclosed that its platform achieved $160 billion in trading volume in Q4 2025.
Mt. Gox Transfers 116.3 BTC to Hot Wallet and Initiates Test Transfer to Bitstamp
According to on-chain analyst Embers (@EmberCN), Mt. Gox transferred 116.3 BTC from a cold wallet to a hot wallet two hours ago—valued at approximately $8.25 million—and subsequently initiated a test transfer of 0.000017 BTC to Bitstamp exchange. Based on its prior address-transfer patterns, these 116.3 BTC are likely to be sent to Bitstamp next.
Mt. Gox currently holds 34,500 BTC, valued at approximately $2.39 billion.
Binance to List ANTHROPICUSDT Pre-IPO Perpetual Contract
Per its official announcement, Binance will list the ANTHROPICUSDT Pre-IPO perpetual contract (denominated in USDT) on June 2, 2026, at 04:30 UTC. The contract offers up to 20x leverage and settles in USDT. It is based on Anthropic PBC stock, with an estimated total share count of one billion. Its opening price may deviate from the IPO price. During the Pre-IPO trading period, the funding rate is 0.005% every eight hours; the mechanism will be adjusted upon transition to the standard perpetual contract.
Ondo to Launch Ondo Perps Perpetual Contract Platform on June 9
According to its official announcement, Ondo previewed that its RWA perpetual contract platform, Ondo Perps, will go live on June 9, 2026. Early access has been granted to select qualified traders, and users may apply to join the whitelist.
Market Data
Recommended Reading
API Stories Can’t Sustain Valuations—AI Giants Are Now Entering Consulting
https://www.techflowpost.com/zh-CN/article/31873
OpenAI and Anthropic have recently launched dedicated enterprise AI deployment platforms, collectively raising roughly $5.5 billion. Their core service involves dispatching frontline deployment engineers (FDEs) directly into client enterprises to deeply embed AI models into customers’ data, workflows, and business systems. The article argues that as large language model capabilities converge, API-only sales can no longer justify high valuations—enterprise deployment capability is now the new competitive frontier. Meanwhile, traditional consulting firms face encroachment on their turf, as AI companies directly compete for enterprise digital transformation budgets. The author contends that the AI industry’s future value may increasingly stem from deployment and service capabilities—not the models themselves—as enterprise AI shifts from “selling tools” to “selling outcomes.”
Reddit Crypto Discussion: Tech Stocks Have Soared for 8 Months—Has the Crypto Community “Accepted Its Fate”?
https://www.techflowpost.com/zh-CN/article/31872
A Reddit post asking whether “crypto has lost its appeal” sparked broad discussion. Confronted with sustained rallies in U.S. tech stocks and surging AI-themed investments—while bitcoin and most crypto assets remain sluggish—the community debated fiercely between “cycles always return” and “the crypto narrative is fading.” Some users see the current phase merely as a cyclical trough, citing bitcoin’s historical precedent of repeated similar phases; others argue that the crypto industry still lacks sufficiently robust real-world use cases, whereas AI is attracting capital and attention through tangible productivity gains. The article posits that the crypto community’s greatest anxiety isn’t price declines per se, but ballooning opportunity cost—when capital consistently profits from AI and tech stocks, markets begin re-evaluating crypto assets’ long-term value proposition and fundamental demand basis.
Strategy Makes First Net Bitcoin Sale in Four Years—Just 32 Coins as a Trial?
https://www.techflowpost.com/zh-CN/article/31867
Strategy disclosed selling 32 bitcoins at an average price of ~$77,135 near the end of May, generating ~$2.5 million to fund dividends for its STRC perpetual preferred shares. This marks the company’s first explicit net reduction in bitcoin holdings since adopting its bitcoin strategy. Though the sale represents only a minuscule fraction of its over 840,000 bitcoin holdings, market focus lies not on scale—but on the underlying cash flow pressure. The article notes that as the size of STRC perpetual preferred shares grows, Strategy faces ~$100 million in monthly dividend obligations. Once STRC’s share price falls below par, Strategy can no longer rely on new issuances to replenish cash—forcing it to draw on bitcoin holdings or cash reserves to meet payout obligations. The author suggests this bitcoin sale resembles a technical capital structure adjustment, yet signals the emerging real-world cash flow constraints facing bitcoin’s financialization model.
Cryptocurrencies Target the $49 Trillion U.S. Retirement Market
https://www.techflowpost.com/zh-CN/article/31871
As the U.S. regulatory environment gradually loosens, cryptocurrencies are accelerating their entry into the $49 trillion U.S. retirement market. The article outlines trends in self-directed IRA platforms, which allow investors to allocate retirement funds—including those enjoying tax advantages—to alternative assets such as bitcoin, real estate, gold, and private equity. The author argues that the Trump administration’s recent push to open retirement accounts to digital asset investments signals crypto’s gradual integration into mainstream wealth management. Supporters contend that traditional financial institutions have long restricted investors’ access to alternative assets, and that bitcoin and similar assets could become key components of future retirement portfolios. However, the article cautions that self-directed accounts entail higher investment and custodial risks, requiring investors to carefully assess associated risks and compliance requirements.
After the SEC’s Innovation Exemption: Who Collects Taxes on On-Chain U.S. Stocks?
https://www.techflowpost.com/zh-CN/article/31870
This article analyzes the SEC’s proposed “Innovation Exemption” for tokenized equities, exploring the practical tax and compliance challenges posed by on-chain U.S. stocks. The author notes that although tokenizing equities promises 24/7 trading, instant settlement, and global accessibility, it does not exempt participants from traditional financial system tax obligations. Whether serving international users or eventually offering tokenized securities to U.S. domestic investors, platforms must still contend with dividend taxes, capital gains taxes, information reporting, cost-basis calculations, and inheritance taxes. The article argues that tokenizing equities changes how assets circulate—not their legal nature. As regulatory frameworks mature, what on-chain equities truly require is not new trading infrastructure, but a tax and compliance framework adapted to the blockchain environment.
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