The global healthcare group Cosmos Health (COSM) just announced that it has secured funding to launch its Ethereum (ETH) digital asset treasury reserve strategy.

In a statement, the Chicago-based company says that it has entered into a securities purchase agreement with a US-based institutional investor.

The deal involves the issuance of up to $300 million in senior secured convertible promissory notes to support the company’s strategic accumulation of the second-largest cryptocurrency by market cap.

The terms of the facility require Cosmos Health to allocate at least 72.5% of the net proceeds from each tranche for building its crypto treasury reserve. The rest will be used for working capital and growth initiatives.

The firm says it is stocking up ETH to bring more value to its long-term shareholders. The digital asset trust company BitGo will provide the institutional infrastructure to custody and stake the crypto assets.

Says Cosmos Health CEO Greg Siokas,

“This financing marks a strategic milestone for Cosmos Health, offering shareholders direct exposure to ETH, currently one of the most widely adopted digital assets in the world.

We are confident that the size and flexibility of this facility should position us to deliver long-term, sustainable value for our shareholders.”

The company’s share closed at $1.05, down by 8.7% from the previous closing price of $1.15.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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OpenAI’s ChatGPT-5 could drop in the coming days, and it could be one of the best models from the Microsoft-backed startup.

As The Verge’s Tom Warren first reported, GPT-5 is being prepared for an August release.

GPT-5 is believed to be the “unified” model, which means it combines the breakthroughs from the reasoning and multi-modal models, such as o3 and 4o respectively.

ChatGPT currently has too many capable models for different tasks. While the models are powerful, it can be confusing because all models have identical names.

OpenAI maintains an “o” lineup for reasoning capabilities, while the 4o and other models have multi-modality.

With GPT-5, OpenAI plans to unify the breakthrough in its lineup and deliver the best of the two worlds.

“We’re truly excited to not just make a net new great frontier model, we’re also going to unify our two series,” says Romain Huet, OpenAI’s Head of Developer Experience.

“The breakthrough of reasoning in the O-series and the breakthroughs in multi-modality in the GPT-series will be unified, and that will be GPT-5. And I really hope I’ll come back soon to tell you more about it.”

OpenAI previously claimed that GPT-5 will also make the existing models significantly better at everything.

“GPT-5 is our next foundational model that is meant to just make everything our models can currently do better and with less model switching,” Jerry Tworek, who is a VP at OpenAI, wrote in a Reddit post.

GPT-5 drops in the next few weeks

OpenAI might use “routing” initially, which means GPT-5 might call a reasoning model in the background when it feels the query could be best handled with “deeper thinking.”

Details of how exactly GPT-5 works are unclear, but we’ll likely learn more about it soon.

My sources tell me that GPT-5 could drop in the coming days, likely in the first week of August, but since we’re talking about OpenAI, remember that plans are always subject to change.

Microsoft is already testing internal builds of Copilot and Microsoft 365 Copilot with GPT-5.

Microsoft Azure is also preparing for GPT-5 integration.

Dinari secured a US broker-dealer registration for its subsidiary, becoming the first platform cleared to offer blockchain-based shares of publicly traded companies to domestic investors, Reuters reported on June 26.

The San Francisco firm stated that it will activate the licensed entity during the next quarter, following completion of onboarding with the Securities and Exchange Commission (SEC). 

Dinari already distributes “dShares” on Coinbase’s Base network to users outside the US. The new clearance allows it to offer the same product to American brokerages and fintech apps through APIs rather than a direct-to-consumer portal.

CEO Gabriel Otte said the company has lined up undisclosed integration partners and will route trades to registered market centers while settling token issuances on a public blockchain.

Tokenized stocks

Tokenizing equities converts conventional shares into transferable digital tokens recorded on a blockchain. 

Proponents argue the structure trims clearing fees, accelerates settlement to near real-time, and supports round-the-clock trading. 

Dinari’s registration satisfies long-standing SEC requirements that secondary trading in securities, whether tokenized or not, run through licensed intermediaries. 

Coinbase and Kraken are also pursuing this approach. Kraken announced the launch of a 24/7 trading platform for US stocks, while Coinbase recently sought permission from the SEC to conduct the same offering. 

Competitive backdrop and remaining hurdles

Despite the push from companies to offer tokenized equities, hurdles persist. The World Economic Forum last month flagged shallow secondary-market liquidity and the absence of unified technical standards as chief obstacles to mainstream use.

Otte acknowledged those gaps but said Dinari’s on-chain settlement framework aims to provide a template regulators, and industry groups can reference when drafting interoperability guidelines.

Unlike retail brokerages such as Robinhood or Charles Schwab, Dinari embeds its trading and custody stack inside third-party platforms. 

Otte described the strategy as a “white label rails” model designed to let fintech firms bolt tokenized equities onto existing mobile apps without building blockchain infrastructure in-house. 

Dinari’s broker-dealer will begin customer testing after it finishes control-location attestations and vault integrations required under SEC Rule 15c3-3. The company stated that it would publish updated technical specifications for its ERC-20-based share contract before the US launch.

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The global investment platform of financial services firm Cantor Fitzgerald is launching a new product that will allow investors to benefit from the price movement of Bitcoin (BTC) while providing a hedge against risks.

Cantor Fitzgerald Asset Management (CFAM) says that the Fitzgerald Gold Protected Bitcoin Fund will give investors direct exposure to the flagship cryptocurrency as well as one-to-one downside protection based on the price of gold.

The firm, which holds approximately $14.8 billion in assets under management (AUM), says the fund will be its first Bitcoin-focused investment vehicle.

Says Cantor Fitzgerald chairman Brandon G. Lutnick,

“At Cantor, we are focused on delivering innovative products that support clients seeking exposure to digital asset investments. We believe this is a truly groundbreaking investment vehicle—one that helps investors to tap into Bitcoin’s potential growth with downside protection based on the price of gold.”

CFAM says the fund is structured with a five-year duration and will begin accepting capital from investors in the coming weeks.

On Tuesday, Cantor Fitzgerald also announced that its Bitcoin Financing Business has successfully executed its first transactions. The new business venture, which expects to make $2 billion in financing available in its initial phase, provides leverage to institutional investors of the benchmark crypto asset.

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What you need to know

• Meta launched new Skyler-style Ray-Ban glasses on Wednesday.
• U.S. and Canada-based Ray-Ban Meta owners are getting Live AI conversations and Instagram messaging.
• EU customers will receive access to Meta AI photo analysis, music apps, and full Live Translation for the first time.
• Meta will begin selling Ray-Bans in Mexico, India, and the UAE soon.

Wherever you live, your Ray-Ban Meta smart glasses will get a significant boost in smarts this week. And Meta is also tempting new customers with a stylish new set of Skyler Shiny Chalky Gray frames, while expanding to a few new countries.

Starting in the United States and Canada, you’ll be able to say, “Hey Meta, start Live AI,” and have the Meta AI “see what you see continuously and converse with you more naturally,” similar to Gemini Live except that you get hands-free insights into what you’re doing.

Live AI rolled out to Early Access last December, but is “coming soon” for general availability, suggesting Meta thinks it’s ready for widespread use. Meta suggests you try use cases like asking for help on recipe steps while you cook or holding an in-depth conversation about a landmark, without needing to ask “Hey Meta” before every question.

Live Translation is also leaving Early Access, so all Ray-Ban users will be able to hold inter-language conversations between English, French, Italian, and Spanish by saying “Hey Meta, start live translation.” This should be available with the latest update.

You can currently send messages or call folks via Messenger or WhatsApp on your smart glasses; now, Meta is adding Instagram to the list with the same messaging and audio/ video calling capabilities.

Outside of North America, many European users don’t have access to key Meta AI smarts, but that’s about to change. Meta says that next week, EU users will be able to ask Meta AI about what they’re looking at and get contextual responses. They won’t have access to the new Live AI tools, however.

Last week, Meta rolled out an update that gave EU users access to music streaming apps like Spotify and Apple Music, as well as new voices designed to be “more natural and lifelike.” Now, Meta will let EU users ask about what music they’re currently listening to — though only if English is your default language.

Meta is expanding Ray-Ban Meta smart glasses sales to India, Mexico, and the United Arab Emirates. This should bring the total number of supported countries to 18.

Prospective Ray-Ban Meta buyers have new styles and lens color combos to choose from today. The Skyler Shiny Chalky Gray glasses have a unique style and Transitions lenses so they can work indoors for people with a prescription.

If you prefer something a little less flashy, the Skyler Shiny Black frames now come with G15 Green or clear lenses for the first time. And there are many other Headliner and Wayfarer frames available, too.

All Ray-Ban Meta glasses have a 12MP camera, 32GB of storage for photos and videos, built-in mics and speakers, and hours of battery life. We suspect that Meta will release Oakley smart glasses soon with the same smarts but a new style, escalating the smart glasses war with other brands.

Binance is planning on launching trading support for the new native asset of a decentralized network focused on secure data storage.

Binance Launchpool, which lets users stake coins to farm new assets, says its 65th project will be Nillion (NIL), a secure computation network that decentralizes trust for high-value and private data.

Explains the project,

“Nillion is Humanity’s First Blind Computer – a whole new category of decentralized network designed for AI and the future of the Internet. Nillion makes new applications possible by providing storage and computation on high-value, encrypted data without ever seeing it. Whether a user, an app, or an enterprise, your data stays yours – always.”

Between March 21st and 24th, Binance users can lock their BNB, the crypto exchange platform’s native asset, as well as the stablecoins First Digital USD (FDUSD) and USDC, to receive NIL airdrops.

The top global crypto exchange then plans to list the asset on March 24th. Binance will attach a seed tag to NIL, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.

Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.

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