The offering was conducted under a Form S-3 shelf registration that was approved on June 20, 2025. B. Riley Securities led the offering, with Clear Street, Craig-Hallum, and Northland Capital Markets acting as co-managers. The strong institutional participation highlights growing investor confidence in Bit Digital’s strategic direction.

Confidence in Ethereum Rises

According to the company’s management, the raised capital will be allocated to Ethereum purchases. This strategic move reflects the firm’s strong belief in the long-term potential of the world’s second-largest cryptocurrency. As Ethereum continues its transition to a proof-of-stake model, improvements in scalability, security, and sustainability are expected.

Rather than focusing on Bitcoin or mining equipment, Bit Digital’s pivot toward Ethereum signals an embrace of evolving blockchain trends and long-term digital asset growth. It’s a move that goes beyond short-term gains, aiming to benefit from Ethereum’s expanding role in the broader financial and technology ecosystem.

With Ethereum’s growing use cases, robust developer community, and increasing role in financial infrastructure, Bit Digital’s latest investment may open the door to new revenue opportunities and a stronger position in the digital economy.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bit Digital Secures Millions in Funding for Ethereum Investment appeared first on Coin Engineer.

Uniswap’s $3 Trillion Triumph 

Founded in 2018, Uniswap is a leader in the DEX market. It reached $1 trillion in trading volume in May 2022 and $2 trillion in April 2024. The growth rate shows that the volume doubles roughly every two years. Additionally, the surge in crypto trading in November 2024 accelerated Uniswap’s growth. 

Hayden Adams, the founder and CEO of Uniswap, celebrated this success on X. Despite challenges like liquidity and speed, DEXs are now achieving real volumes. The platform holds approximately 25% of the DeFi market. As a result, decentralized exchanges are gaining increasing trust. 

Uniswap is the first DEX to $3T volume

Bet its the first to 10

Grateful to everyone who swapped along the way as we decentralize the global finance system pic.twitter.com/945Ab0Jpsl

— Hayden Adams (@haydenzadams) May 12, 2025

The platform’s journey has been fraught with obstacles. Daily volumes fell to half of their 2021 peak. Additionally, regulatory risks, such as U.S. SEC investigations, challenged the platform. The UNI token dropped 80% from its 2021 peak of $45. However, a $165.5 million funding round in 2025 revitalized the token price. 

Compared to centralized exchanges (CEXs), DEXs still lag behind. CEXs like Binance have surpassed $100 trillion in volume. Nevertheless, Uniswap proves that DeFi is maturing. Trust in decentralized platforms is growing. Platform success offers hope for the industry’s future. 

The crypto market’s rise may continue to support Uniswap’s growth. As DeFi’s popularity increases, DEXs are attracting more users. With its innovative structure, Uniswap appears poised to maintain its leadership. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Uniswap Makes History with $3 Trillion: The Rise of DEXs  appeared first on Coin Engineer.

The funding round attracted participation from several prominent cryptocurrency investment firms, including CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and ParaFi. This influx of capital will be used to further develop Andrena’s decentralized autonomous wireless network (DAWN) and expand its reach.

A Bold Vision for Decentralized Internet

Andrena envisions a world where individuals and communities can create and own their internet infrastructure. By leveraging solar energy and blockchain technology, the company aims to provide affordable and reliable internet access to underserved regions.

“We’re building the equivalent of solar panels for the internet,” said Neil Chatterjee, co-founder of Andrena. “People will be able to create their own networks and sell excess capacity back into the system.”

Strong Investor Interest

The company initially set a target of $5 million for the funding round but exceeded expectations by a significant margin. “We received overwhelming interest from investors,” Chatterjee said. “This funding will enable us to accelerate our development and expand our operations.”

Andrena has been providing internet services in 10 US states since 2019 and has been developing its DAWN system since late 2021. While a specific timeline for the token launch has not been announced, the company plans to leverage blockchain technology to incentivize network participation and governance.

The post Andrena Raises $18M for Solana-Based Decentralized Internet Project appeared first on Coin Engineer.

What Bitcoin Open Interest Data Explains to Us?

Open Interest refers to the total number of active or open contracts at any given time. Calculated by multiplying unit durations in a contract by the current spot market price, in obvious ways, from changes in asset prices to direct sales and contract numbers changing, interpretations of market activity can be potentially misleading.

Bitcoin‘s open interest scenario appears to be coming true. According to Coinglass, the number of BTC contracts remained at 500,000 BTC for four weeks. Simultaneously, the permanent funding rates charged by exchanges every eighth year are also consistently positive, indicating a trend towards bullish bets.

Laurent Kssis, crypto ETF expert at CEC Capital, notes that BTC shortfalls, combined with positive funding rates and a decline in consistent open roles, suggest that the slowdown is imagining the launch of new long strategies. This counters that bullish bets are unraveling. Kssis added that traders are reluctant to place long-term orders, but they also apply hedging methods due to market uncertainty. The market’s recent liquidity disruptions at the $60,000 level have not deterred buying in the long term, but hedging activity has increased.

Traders, Mt. This sentiment is supported by the positive difference between expiry and spot prices, known as base products. Noelle Acheson, author of the Crypto Is Macro Now newsletter, notes that despite a slight decline, the basis remains attractive, indicating continued demand for longs as spending anticipates a breakout triggered by macroeconomic headwinds and the dissipation of selling pressure.

Other signs of upward momentum come from activity in the spot and options markets. Griffin Ardern, head of options trading and research at crypto finance platform BloFin, notes the influx of Bitfinex whales buying dips since late June, although similar signals have been observed in other derivatives markets. Margin long positions on Bitfinex, which include portions of borrowed funds to purchase spot holdings, have rallied and increased since June.

A large number of top bets are also being purchased, according to QCP Capital. Despite the recent sell-off, the options market remains largely bullish, indicating expectations for a year-end rally. QCP is observing significant buying interest in long-term options with strikes at $100k and $120k.

Overall, the combination of combination open interest in BTC terms, positive funding rates, and change in the spot and options markets suggests that secrecy has positioned themselves for a potential rebound in Bitcoin prices.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin $7 Billion Open Interest and Funding Reviews appeared first on Coin Engineer.