MoonPay buys crypto security firm Sodot in $100M push into institutional crypto
MoonPay acquired Israeli crypto security firm Sodot for $100 million, establishing an institutional division to serve traditional finance firms entering digital assets. Led by former CFTC Acting Chair Caroline Pham, the unit targets custody, trading, and tokenized securities infrastructure. Sodot's multi-party computation technology strengthens wallet security for institutional clients amid intensifying competition in crypto infrastructure services.
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Hyperliquid is preparing to take on Polymarket with a new way to trade real-world events
Hyperliquid is launching outcome tokens to compete with Polymarket in the booming prediction market sector, which hit $63.5 billion in trading volume in 2025. The platform charges zero fees to open positions, with costs applied only on closing or settlement. This HIP-4 upgrade enables users to trade real-world events alongside crypto assets in a single account, though mainnet launch timing remains unconfirmed.
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Bitcoin ETFs fuel institutional surge, 21Shares' CIO sees $100K possible by year-end
Bitcoin spot ETFs absorbed nearly $2 billion year-to-date, signaling institutional adoption reinforcing the asset's portfolio role. 21Shares CIO Adrian Fritz predicts $100K by year-end if geopolitical sentiment improves and macro conditions align. Morgan Stanley and major asset managers entering crypto accelerate institutional inflows. Daily trading volumes exceed $50 billion, rivaling mega-cap equities, making Bitcoin "institutional ready" despite prices struggling below $80,000.