Abra Plans to Go Public Through SPAC Merger, Valued at $750 Million

Per official sources, on March 16, Ironlight Group—a developer of tokenized securities infrastructure—announced the completion of a $21 million Series A funding round. Investors include former TD Bank CEO Greg Braca, the Sei Development Foundation, Laidlaw Private Equity, and other institutions. The new capital will be used to expand Ironlight Markets’ Alternative Trading System (ATS) and accelerate the buildout of a market that unifies core capital market functions within the U.S. regulatory framework. This market will support tokenized securities across private equity, structured products, fixed income, private credit, and real estate.

**March 16 Update** Emanuel Fabian, a reporter for *The Times of Israel*, says he’s been targeted with harassment and death threats from users of the online betting platform Polymarket over his accurate coverage of an Iranian missile strike. On March 10, an Iranian ballistic missile hit the outskirts of Bet Shemesh, near Jerusalem. Fabian reported the missile struck an empty area with no casualties—but in the days that followed, he received dozens of emails and WhatsApp messages demanding he revise his story, claiming the impact was actually from intercepted missile fragments. Polymarket users wagered **over $14 million** on the question: *“Will Iran attack Israel on March 10th?”* The platform’s rules state intercepted missiles do NOT count as an “attack.” If Fabian changed his report, it would let those bettors win a massive payout. Threats escalated quickly: Some fabricated screenshots of Fabian’s emails; others pressured him via colleagues and offered profit-sharing. The

March 16 — Crypto journalist Eleanor Terrett says the cryptocurrency tax roundtable, which was postponed last month due to snow, has been rescheduled for today at 4 p.m. Eastern Time. The event is co-hosted by Sens. Steve Daines, Cynthia Lummis and Rep. Mike Carey. Despite tornado weather hitting Washington, D.C., today, the gathering will proceed as planned.

March 16—Bernstein analysts said in a report Wednesday that Bitcoin is building a more resilient ownership structure as institutional funds flow in via ETFs and corporate treasury strategies reshape the market. Led by analyst Gautam Chhugani, the team noted in a client report Monday that Bitcoin has demonstrated resilience amid the recent Middle East conflict, outperforming traditional assets like gold and global stock indices. Bernstein’s analysts argue that the growth of spot Bitcoin ETFs and demand from large corporate treasury buyers have reshaped Bitcoin’s investor base—cutting reliance on speculative retail capital and bolstering its long-term outlook. The primary driver of this shift is Strategy. Bernstein notes the firm acts as the “ultimate Bitcoin lender” via its aggressive accumulation strategy. Strategy has kept buying through recent market volatility, adding 66,231 BTC so far this year at an average cost of nearly $85,000, the analysts said. Per a Monday 8-K fi

On-chain data analyst Yu Jin reported on March 16: - MicroStrategy (MSTR) currently holds 761,068 BTC, valued at $55.962 billion. The firm’s average cost per BTC is $75,696, resulting in an unrealized loss of $1.648 billion. - Bitmine (BMNR) currently holds 4,595,562 ETH, valued at $10.464 billion. Its average cost per ETH is $3,714, with an unrealized loss of $6.604 billion.