Financial Technology Company Mogo's Board of Directors Authorizes $50 Million Investment Allocation to Bitcoin
On July 2nd, according to Businesswire, the board of directors of fintech company Mogo has authorized the allocation of $50 million to Bitcoin as part of its long-term strategy for capital preservation and product innovation. The company will gradually achieve this target by using excess cash and portfolio liquidation, with Bitcoin serving as the benchmark for capital allocation returns. It will also integrate Bitcoin into its core business and launch portfolio and loan products, etc.
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INFINIT officially launches Kaito Yapper Leaderboard, opening up a total of 5 million IN tokens reward pool
On July 2nd, according to official channels, the DeFi intelligent platform INFINIT has now initiated the Kaito Yapper Leaderboard, opening a total of 5 million IN token reward pool. A special Chinese Yapper exclusive reward pool has also been established, and the first season will operate until August 7, 2025. Link your X (formerly known as Twitter) account to Kaito and post high-quality content related to INFINIT to enter the leaderboard and win rewards. The leaderboard allocates rewards based on Kaito Mindshare (influence + ranking).
INFINIT utilizes AI smart agents to assist users in exploring and executing DeFi strategies, streamlining fragmented processes, bidding farewell to manual operations, and achieving a truly integrated experience.
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Italian Banking Giant Banca Sella Partners with Fireblocks to Pilot Stablecoin Custody Service
On July 2nd, according to Bloomberg, the Italian banking group Banca Sella, which is renowned for its technological innovation, is conducting an internal test of cryptocurrency custody service for some of its employees. The pilot project employs Fireblocks' custody technology and mainly focuses on the secure storage of digital assets like stablecoins. The test will last until the end of summer. At that time, the bank will assess whether to provide this service to its 1.4 million custody clients (with assets under management exceeding 66 billion euros).
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The U.S. Court Allows Celsius to Proceed With Appeal Against Tether in $4 Billion Bitcoin Seizure Case
On July 2nd, subsequent to Judge Martin Glenn's order on June 30th, the U.S. Bankruptcy Court made a ruling that Celsius Network can carry forward multiple claims in the lawsuit against the stablecoin issuer Tether.
As per the documents, the court gives permission to Celsius to continue pursuing the allegations that Tether carried out unfair settlements of tens of thousands of bitcoins in the weeks preceding Celsius's collapse in 2022 through preferential transfers, thus violating the U.S. bankruptcy law. The core of the case centers around more than 57,000 BTC. Celsius claims that these BTC were either improperly withheld, prematurely liquidated, or transferred in a manner that exceeded the agreed-upon terms. The company argues that if these assets had been retained, their current value would be more than $4 billion.
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Jing Financial Invests $12 Million to Subscribe to Amber International Shares, Expanding into Institutional Crypto Services Sector
July 2nd, the Hong Kong-listed company Kingkey Financial International (01468) made an announcement. On June 30, 2025 (after trading hours), the company signed a subscription agreement with the issuer, Amber International Holding Limited. According to this agreement, the issuer agreed to issue and the company agreed to subscribe for subscription shares at a price of approximately $12 million. The subscription price for the subscription shares is $2.09 per share.
It is reported that the subscription shares are 5.7416 million shares of Class A common stock with a par value of $0.001 per share issued by the issuer. The announcement stated that this subscription is a strategic financial investment that complies with the Group's recent plans, including the establishment of an investment committee to supervise digital asset opportunities. It is expected that this investment will diversify the company's investment portfolio, enter the institutional crypto service field, and be in line with i
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