Fidelity said perpetual preferred stock issued by Bitcoin treasury companies is a new catalyst driving Bitcoin demand. According to BitcoinTreasuries, Fidelity said preferred stock issuance helped raise the funds needed to buy more than 135,000 BTC over the past year, equal to about 0.5% of total supply. Fidelity added that as Bitcoin becomes scarcer, it forms a particularly attractive complementary relationship with preferred stock. Source: Coinness

A total of 82 projects across DeFi, blockchain infrastructure, gaming and other sectors have shut down services this year following a crypto market collapse, Cointelegraph reported. According to data from crypto researcher Stacy Muur, services ending this year include Balancer, Radiant Capital, Neon EVM and Step Finance. The closures came after a prolonged bear market in which Bitcoin fell below $60,000 earlier this year after reaching a peak above $126,000 in October 2025. The downturn added to financial pressure on projects that were already struggling to attract users and generate…

Esports company NIP Group has signed an agreement to acquire Bitcoin mining equipment with a total hash rate of 4.47 EH/s, according to Bitcoin.com. The deal is worth up to $27.3 million, and NIP Group plans to issue up to 247 million Class A ordinary shares to the seller. The equipment is already operating at hosting facilities, and the transaction is expected to raise NIP Group’s total hash rate to about 13.85 EH/s. Once installation is completed, the company’s monthly production is expected to increase to about 195 BTC from…

Citi has downgraded its rating on tokenization platform Securitize (SECZ) to Neutral from Buy, while raising its price target to $14 from $10. Pete Christiansen, Citi’s director of digital asset equity research, told CoinDesk tokenization is expected to spread across areas including stocks and bonds, but it remains unclear how much Securitize will be able to charge for that. Christiansen also pointed to key concerns including elevated investor expectations following the recent rise in Securitize shares, supply issues, and monetization. Source: Coinness

A CryptoQuant analysis said Tether's USDT circulation has fallen by about $1 billion recently, adding pressure to Bitcoin's recovery at a sensitive time. Crypto analyst MorenoDV said Bitcoin has been moving sideways, and if USDT supply keeps shrinking, recovery momentum could weaken before demand becomes strong enough to absorb new selling pressure. Source: Coinness

Mastercard is building an AI agent payment system with Cloudflare. The service, Source: Coinness

Nectar Group, the developer of Bitcoin yield platform HoneyB, has raised $5 million in funding, The Block reported. The round was led by Portal Ventures, with participation from Peer Venture Partners and Anchorage Digital Ventures, and was structured as a SAFE that grants investors the right to receive tokens tied to a future investment. The company was valued at $30 million. Source: Coinness

Asset manager Vanguard has bought an additional 639,000 shares of Strategy stock, MSTR, through the Vanguard Mid-Cap Index Fund (VMCIX), according to BitcoinTreasuries. The purchase was worth about $92.7 million. The fund’s Strategy holdings have now increased to about 7.8 million shares, valued at roughly $1.13 billion. Source: Coinness

Utah Attorney General Derek Brown has sued prediction-market platform Kalshi and two Susquehanna-affiliated trading firms over alleged illegal online gambling, The Block reported. Brown argued Kalshi continued offering betting services after losing a federal court case over Utah gambling laws. More than 32,000 Utah residents currently hold verified Kalshi accounts, according to the report. Prosecutors are seeking to halt betting services in the state and recover related revenue. Source: Coinness

Crypto media company Blockworks submitted a comment letter on the U.S. SEC’s proposed crypto issuance rules, Crypto Briefing reported. Blockworks proposed allowing token projects to post disclosure information on-chain and introducing a system that would let qualified third parties file disclosures on behalf of projects. It also argued regulators should require disclosure of market-making agreements, liquidity provision commitments, token loans, and promotional compensation payments. The proposal is intended to incorporate Blockworks’ Token Transparency Framework, or TTF, into the regulatory framework. The framework is backed by a transparency coalition that includes…

NEAR Protocol has launched NEAR Business, a treasury management platform for companies, CoinDesk reported. The platform supports fund management across more than 35 blockchains without disclosing transaction details. Built around multisignature functionality, it can handle payroll, vendor payments and capital allocation, with crypto-native businesses and teams as its main target customers. Source: Coinness