Before institutional adoption, ETFs, and billion-dollar | Crypto India Magazine on Binance Square

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Crypto India Magazine

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Before institutional adoption, ETFs, and billion-dollar rallies…
There was pizza 🍕

On May 22, 2010, Laszlo Hanyecz traded 10,000 $BTC for two large pizzas. Back then, it was worth about $41. 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Bitget has reported $1.78 billion in net inflows for October 2025, ranking second globally after Binance, according to data from DefiLlama. The figures come from Bitget’s October 2025 Transparency Report, which revealed an unprecedented rise in institutional activity and product innovation across its ecosystem. A joint study conducted with Nansen found that institutional participation on Bitget’s spot markets surged from 39.4% in January to 72.6% by July, while futures market-maker activity jumped from 3% to 56.6% over the same period. Bitget’s total reserves rose to $7.83 billion, while Bitcoin holdings increased by 6%, from 28.6K BTC to 30.3K BTC, bucking the industry-wide decline in centralized exchange reserves.

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Michael Saylor delivered a fiery pitch at Bitcoin 2025 in Vegas, urging everyday people to embrace Bitcoin as “perfected capital.” Saylor stressed that #Bitcoin is for everyone, not just corporations, encouraging people to swap fiat, bonds, and real estate for BTC. Strategy, formerly MicroStrategy, now holds over $60 billion in $BTC — one of the largest corporate treasuries in history. He also credited AI for helping Strategy develop its latest financial products, $pointing to a convergence of Bitcoin and artificial intelligence. As institutional inflows surge and Bitcoin trades above $104K, Saylor's Bitcoin evangelism continues shaping the broader investment landscape.

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Solana is getting its own version of Kaito — and it might just reshape how we track influence and engagement across Crypto Twitter. Wallchain, a project that pivoted from MEV rebates to what it calls “AttentionFi,” is launching the first Solana mindshare leaderboard. This tool ranks top Solana voices on X based on engagement quality, not quantity, using a custom points system called “quacks.” Think of it as an alternative to Kaito, but tailor-made for the Solana attention economy. In the pre-launch leaderboard, names like Anatoly Yakovenko, Mert Mumtaz, and Ansem top the chart — no surprise there. But what makes Wallchain interesting is its attempt to solve what many see as a growing problem: spammy, gameable leaderboards that reward volume over value. Their approach? Apply “exponential decay” to accounts flagged for spam, reducing the reward for low-quality engagement. It’s an ambitious idea — to make Solana community engagement more measurable, accountable, and possibly even more monetizable. And for builders or marketers on Solana trying to decide where to allocate time and tokens, this could change how influence is valued. Will it work? That depends. Mindshare is tricky to quantify, and incentives can distort behavior fast. But if Wallchain’s algorithm manages to prioritize consistent, meaningful voices over noise, this might be the start of a better way to track ROI on crypto influence — especially in ecosystems where word-of-mouth still rules.

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GameStop has confirmed its first official Bitcoin purchase—4,710 BTC—worth over $500 million. The announcement follows its earlier plan to diversify into alternative assets through a $1.3B convertible note raise. The purchase, revealed in a May 28 X post, comes after months of speculation and limited SEC filing details. GameStop stock (GME) has jumped nearly 30% in the past month, with crypto-fueled rumors driving investor enthusiasm. This puts GameStop alongside corporates like Strategy (formerly MicroStrategy) and Trump Media, both of which recently expanded BTC reserves. With Bitcoin trading above $107K, corporate adoption continues to heat up—signaling Bitcoin’s growing appeal as a treasury asset.

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Alpaca Finance, once a $1B BNB Chain project, is shutting down after years of declining revenue and product stagnation. The Alpaca Finance shutdown follows the ALPACA token delisting from Binance, which hurt both accessibility and treasury management. The team cited failed acquisition talks, market saturation, and shifting liquidity models as reasons for the Alpaca Finance wind down. Alpaca’s closure highlights the ongoing DeFi protocol shutdown trend as newer, more efficient protocols dominate user attention. Users must exit positions by June and July, with the front-end staying live until December to complete fund withdrawals. Read: https://cryptoindiamagazine.com/alpaca-finance-shutdown/

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