The deal aims to expand Naka's bitcoin treasury and strengthen long-term balance sheet flexibility.

Traditional markets offer mixed signals as BTC holds key trendline support.

The effort aims to enable near-instant settlement and potentially reduce transaction costs, with tokenized deposits moving over a blockchain.

Treasury firms and ETFs now hold over 10% of ETH’s supply, with SharpLink and BitMine leading corporate accumulation.

NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation.