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Crypto

Nasdaq-listed Jbao stockpiles 2,380 bitcoin in company treasury

Chinese insurtech firm Jbao Technology has received 2,380 bitcoin into its corporate wallet and closed a $154.7 million private investment in public equity (PIPE), marking the start of its bitcoin treasury strategy. The company said the deal was structured around accepting cryptocurrency rather than raising cash to buy bitcoin later. Investors received 442 million units priced at $0.35 each, with most issued at closing and the rest pending shareholder approval.

Crypto

XRP trading clusters in London-New York overlap, with 23% in three hours

On-chain XRP trading is increasingly concentrating when the London and New York financial markets are open at the same time, an analysis shows. Evernode found about 23% of total on-chain XRP volume occurs during the three hours from 1300 to 1600 UTC on weekdays, up from about 14% in July 2025. The activity rise appears across order books, AMM pools and cross-currency payments, while the network remains open 24 hours.

Crypto

Bitcoin hits highest since June as prediction markets pull back on bearish bets

Bitcoin climbed to the $69,000 range, up 9%, its highest level since June. The move narrowed the gap in prediction markets where bearish expectations had led a day earlier. Decrypt linked the rally to macro factors and large-scale short liquidations. The U.S. Treasury plans to double long-term bond buybacks per operation from $2 billion to $4 billion starting Sept. 9, weighing on long yields and the dollar and reviving risk appetite.