DV8 has completed its first capital raise since undergoing a strategic shift toward becoming Southeast Asia’s first crypto treasury company, securing approximately THB 241 million (roughly $7.4 million), according to a filing released July 16.

The funding round closed with a 99.9% warrant exercise rate, marking a critical vote of confidence from existing shareholders in the firm’s long-term Bitcoin-native model.

The raise resulted in 301,491,057 new shares issued from the exercise of DV8-W2 warrants, at an exercise price of 0.80 baht per share. The remaining unexercised warrant total stood at just 345,930 units. DV8 reported a 38% growth in its cash treasury and a 13% increase in yield per share following the round.

Who is DV8?

DV8’s board has previously signaled its intention to replicate Strategy-style corporate finance strategies centered around Bitcoin accumulation and digital asset-backed value creation. The firm’s treasury model is aligned with the broader pivot led by a regional consortium of crypto-focused investors, including Metaplanet, Sora Ventures, Kliff Capital, and others, which recently acquired the Thai-listed electronics and retail company through a voluntary tender offer.

Metaplanet, the Tokyo-based public firm that emerged as one of the world’s largest corporate Bitcoin holders following its own treasury conversion, has become a guiding reference point for DV8’s transition. The Japanese company’s stock rose by over 11,000% across its treasury pivot, reinforcing the appeal of this strategy among firms exploring alternative financial models in Asia.

DV8’s transformation is also driven by a leadership overhaul led by Thai businessman Chatchaval Jiaravanon, known internationally for acquiring Fortune Magazine. His appointment as chairman was part of a broader board reshuffle aimed at repositioning DV8 as a crypto-financial infrastructure firm targeting Southeast Asian markets.

Recent moves by the consortium, such as the acquisition of Seoul-based SGA Co. to support new digital asset ventures, signal coordinated efforts to institutionalize crypto treasury adoption across the region. The investors have highlighted their interest in expanding into the Philippines, Vietnam, Indonesia, and Malaysia by partnering with execution-ready local firms.

The THB 241 million raise represents the first major liquidity infusion into DV8 since its crypto pivot and will be used to accelerate its operational transformation. According to the company, the capital sets the foundation for executing its long-term digital asset strategy and serves as a template for future funding rounds tied to treasury expansion.

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Building and maintaining a high bar for security and compliance is fundamental to how you serve your clients’ needs. Today we are pleased to announce that Kraken facility grade qualified custody has successfully completed the SoC 2 Type 2 compliance test. This is an important milestone that further strengthens our long-standing commitment to protecting the assets and data of our institutional clients.

What is SOC 2 Type 2 and why it matters

SOC 2 (Systems and Organization Control 2) is an internationally recognized framework developed by the US CPAS Institute (AICPA) to manage customer data based on five “Principles of Trust Services,” security, availability, processing integrity, confidentiality and privacy.

Based on Kraken’s previous SOC 2 Type 1 report, successful SoC 2 Type 2 exams demonstrate not only the rigorous design of security management, but also the consistent execution and effectiveness over time. This independent third-party verification is based on existing security infrastructure and reflects its ongoing commitment to strengthening internal processes and technical infrastructure. These are stress-tested to meet the highest industry standards for system reliability and protection of sensitive data.

“Completing the SOC 2 Type 2 exam is an important milestone, but it is just one element of our comprehensive, security-first corporate culture and operational strategy.” “We consider security as a continuous and overall commitment that expands beyond a single audit, reporting requirement or certification. As Kraken continues to expand and the threat landscape evolves, we will remain laser-centric in investing in exceptional talent to strengthen our internal controls and support our commitment to protecting our clients’ data and their assets.”

What does this mean for our clients:

• Strengthening asset protection: SOC 2 Type 2 Compliance validates that Kraken’s institutional management platform assets are protected by robust, industry-leading security protocols and are continuously monitored and strengthened to combat evolving cybersecurity threats.

• Trust through transparency:This recognition allows clients to have more confidence in Kraken’s operational integrity. Reconfirm how security controls are not only well designed, but are also well-executed for long periods of time.

• Commitment to excellence: This achievement reflects Kraken’s ongoing investment in best-in-class security practices and infrastructure, reinforcing its mission to provide true security-first offerings that drive the wider adoption of digital assets globally.

Take a step forward

SOC 2 Type 2 Compliance is an important milestone, but it is just part of Kraken’s larger security-first philosophy. We are committed to continuing to strengthen our infrastructure, protocols, personnel and overall operations to ensure our clients’ needs both now and long term.

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Dogecoin (DOGE), the world’s largest meme coin, is completing a significant technical break on the daily timeframe, sparking renewed optimism amongst analysts. Following weeks of consolidation and price declines, Dogecoin has finally broken out of a long-standing downtrend, opening the door for a potential rally toward the next support zone between $0.42 and $0.43. 

Dogecoin Daily Trend Break Sets Stage For Major Upside

According to Bitcoinsensus on X (formerly Twitter), the Dogecoin price action is showing a clear daily trend break opportunity, signaling a potentially strong move upward to a new support range between $0.43 and $0.42. After experiencing a healthy and controlled price pullback, Dogecoin appears to be preparing for a fresh breakout, which the analyst forecasts could occur within the next seven days.

Notably, this immediate daily trend break is supported by a larger technical formation: a well-defined Inverse Head and Shoulder pattern. Bitcoinsensus’s chart shows that Dogecoin formed this distinctive technical pattern between March and May 2025. 

Looking at the chart, DOGE’s Inverse Head and Shoulder structure consists of three major price dips: the left shoulder, which formed in March, the deeper head in April, and the right shoulder, which was completed in early May. This formation collectively signals that Dogecoin’s market sentiment may be shifting from bearish to bullish. 

The key resistance area, referred to as the neckline of the Inverse Head and Shoulder, has already been broken, confirming the pattern. The breakout above the neckline in early May marked the start of Dogecoin’s broader trend reversal after months of downtrend and consolidation. 

After breaking out of the neckline, Dogecoin executed a textbook retest, confirming its bullish setup. Adding to the positive momentum, the meme coin also decisively broke above a descending trendline that has acted as resistance since late 2024. This price has since formed a higher low on the chart, indicating that buyers are defending this area.

Bitcoinsensus has revealed that Dogecoin’s next key resistance area lies between $0.42 and $0.43 — a former supply zone where sellers had pushed prices down. If the meme coin’s price can rise toward this level with substantial volume, the analysis suggests that it could trigger a fast and sustained rally to new highs. 

DOGE Set For Momentum Boost Toward $0.26

The Dogecoin price is currently showing signals of a potential rally as bullish momentum picks up. The popular meme coin, which is currently trading at $2.3, is approaching a critical resistance level at $0.239, according to a technical analysis by prominent crypto analyst Ali Martinez. 

If the price successfully breaks past this resistance level, Martinez predicts that it could open up a path to a sharp rally toward the next target zone, around $2.51, before it reaches the $0.265 level. While the analyst remains optimistic about DOGE’s bullish outlook, he also cautions that a break below the resistance could lead to a pullback toward the support levels around $0.227, $0.221, and $0.215.

Featured image from Getty Images, chart from Tradingview.com

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According to a fresh analysis by a crypto analyst,  the Ethereum price has broken out of a months-long downtrend, reigniting bullish sentiment across the market. With volume rising and key resistance levels expected to turn into support, Ethereum is set to complete its bullish structure, aiming for a potential break toward $3,000. 

Ethereum Price Targets $3,000 Breakout

The Ethereum price action on the 4-hour chart has reportedly flipped bullish, following a sharp breakout above a long-standing descending trendline that capped its movements since late 2024. As a result, a pseudonymous TradingView crypto analyst identified as ‘Orihadad66’ has predicted that Ethereum could soon see a surge to $3,000. 

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The analyst explains that Ethereum’s recent shift from bearish to bullish wasn’t a subtle move, as a high-volume candle had pierced through both the trendline and the $2,100 – $2,150 resistance zone, confirming a clearer shift in market structure. This breakout is significant, as it marks the first time Ethereum has invalidated the broader bearish pattern that dominated the early part of 2025. 

The $2,100 – $2,150 area now acts as a potential support zone for its price, and a successful retest would solidify it as a launchpad for further upside. Orihadad66 has confirmed that the immediate bullish target for Ethereum lies between the $2,500 – $2,550 price range. Historically, this region has been a key liquidity zone where previous price rejections frequently occurred. This makes the zone a potential profit-taking area as ETH consolidates post-breakout. 

Technical projections suggest that Ethereum may briefly pull back toward the $2,350 – $2,400 range to form a potential higher low. If this pullback holds, bulls could drive the next leg up toward $2,800 – $3,000 — a confluence zone that includes both a supply barrier and psychological resistance.

Furthermore, the TradingView analyst has predicted that a clean break above $3,000 could open the door to the $3,300 – $3,600 supply block, potentially triggering a larger bullish trend reversal. With Ethereum currently trading at $2,544, a surge to $3,000 or even $3,600 would represent a 17.9% and 41.5% increase, respectively. 

Bullish Thesis At Risk Below $2,100

While the analysis published by Orihadad66 has highlighted Ethereum’s almost completed bullish structure and potential breakout target, the setup also comes with a clear invalidation level. The TradingView analyst has warned that a 4-hour candle close below the $2,100 support zone or a breakdown beneath the reclaimed descending trendline would signal weakness, potentially nullifying the bullish thesis. 

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Such a move would suggest that the recent breakout was a false one, possibly a liquidity grab that could open the door to increased selling pressure. The analyst has suggested that traders should monitor price action around the $2,100 level. Until this invalidation point is reached, the analyst’s projected breakout, retest, and continuation scenario remains the dominant roadmap.

Featured image from Pixabay, chart from Tradingview.com

We are proud to reaffirm our industry’s leadership in transparency with our latest Proof of Readiness (POR), completed as of March 31, 2025, including client holdings for BTC, ETH, SOL, USDC, USDT, XRP, and first time ADA. This rigorous verification process Make sure you have enough assets to fully back up your client’s balance. We don’t just ask you to trust us – we ask you to encrypt our custody of your encryption.

If you’re not used to POR, what is proof of a reserve? A guide blog post for beginners.

Our latest POR Bitcoin Reserve Results: 114.9% coverage

With the latest POR, we have confirmed that we are holding 192,091.25 BTC In our wallet, customers balance by total 167,188.68 BTC. This allows Reserve ratio of 114.9%meaning it holds nearly 15% Bitcoin than it owe it to users.

POR doesn’t just include spot holdings. It also includes margin positions, futures balances and even betting assets. This overall approach ensures that all kinds of customer exposures are considered. There are also other ways our POR methods continue to set industry standards.

What is POR?

POR is a cryptographic process that allows you to publicly demonstrate that cryptocurrency exchanges hold full user assets. Kraken uses a Markle Tree – Encrypted data structures that compile all user balances into a single root hash – Allow users to ensure that a specific balance is included without compromising personal privacy. The third party will confirm that the exchange’s on-chine holdings are at the total client balance or equal or greater than the same. This helps us to make sure we are not working with fractional reserves.

Not all poles are created equally

Many exchanges now offer what they call POR in one way or another, but our approach stands out in several important ways.

• Includes full responsibility
  Not only does it showcase assets, it also discloses client liabilities. Many platforms omit this important half of the equation, which can give a misleading impression of solvency.
• User-Level Verification Tool
  Users can independently verify that their balance is included in the POR process via Merkle Tree Proofs. This additional transparency builds trust and accountability.
• Consistent and continuous transparency
  POR is not treated as a one-time PR exercise. After pioneering the process in 2014, we do it regularly to ensure consistent visibility into how users manage their platform’s funds.

Because “taking our words” is not enough

After some notable crypto exchange breakdowns, FTX-clients in particular need to demand transparency and accountability. POR provides a clear and verifiable way to prove that client assets are secure and fully described.

Our high reserve ratios and user-verified methodology provide a direct response to this need. It’s not just that funds are safe. Almost every exchange that has failed so far promises that clients’ funds are safe. It’s about proving it: encryption, independent, periodically.

More evidence, more frequently: Move to quarterly pocadence

Going forward, we are committed to releasing POR quarters along with previous financial results to provide even more frequent transparency. Additionally, we are working to expand the scope of our future poles to include a wider range of supported assets, further strengthening our commitment to accountability across the platform.

Since 2014, we have been the leader in setting and procuring POR standards for crypto holders seeking a reliable exchange of future prospects.

Bitcoin (BTC) has remained locked in a tight trading range of $91,000 to $102,000 for the past 81 days, reflecting traders waiting for clearer macroeconomic signals before making decisive moves, according to Bitfinex.

The firm’s latest Alpha report highlighted that BTC has shown little directional momentum despite escalating global geopolitical tensions. Its weekly performance posted only a modest 4.3% peak-to-trough movement and closed with a slight 0.82% gain.

This period of stagnation has also impacted altcoins, many of which have struggled amid uncertainty. The broader altcoin market has significantly underperformed Bitcoin, with meme coins like PEPE suffering dramatic losses — declining 46.4% over the past month.

Meanwhile, Bitcoin’s price stability suggests that capital flows away from altcoins and into the leading crypto, further reinforcing its role as the dominant digital asset.

Altcoins tank

The global altcoin market cap has dropped by $234 billion in just 14 days. Despite this downturn, Bitcoin has held relatively steady, signaling a growing divergence between the flagship crypto and the rest of the market. 

According to the report, this trend highlights Bitcoin’s increasing correlation with macroeconomic conditions and its maturation as a risk asset.

Another crucial indicator, the Inter-Exchange Flow Pulse (IFP), turned bearish on Feb. 15 for the first time since June 2024. This shift suggests that traders may be reducing their risk exposure, potentially leading to further downside pressure. 

However, the IFP remains above its 90-day moving average, leaving room for a potential market rebound.

Realized losses

Despite the choppy price action, Bitcoin investors have recorded some of the largest realized losses of the current bull market cycle.

Short-term holders (STHs) have been particularly affected. The cohort realized $520 million in losses, mirroring levels seen in previous market pullbacks.

Meanwhile, Long-term holders (LTHs) have continued to hold their positions, reinforcing the sentiment that Bitcoin’s consolidation phase is a natural correction within an ongoing bull market.

While bullish catalysts, such as Abu Dhabi’s investment in BlackRock’s Bitcoin exchange-traded fund (ETF), have provided some support, traders remain wary.

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