Peter Thiel-backed Erebor raised $350 million at a $4.35 billion valuation, targeting regulated stablecoin banking services for crypto clients following OCC and FDIC conditional approvals. Hyperscale Data expanded its Bitcoin treasury to nearly 515 BTC ($76 million), planning further purchases toward a $100 million Bitcoin asset target. BlackRock’s cumulative Bitcoin ETF inflows exceed $25 billion in 2025, underscoring sustained institutional demand. Franklin Templeton’s XRP spot ETF holdings surpassed 100 million XRP ($193 million market value), reflecting ongoing institutional interest despite broader XRP price weakness.
