Parataxis Goes Public: $400M SPAC Merger with SilverBox Announced
Parataxis Goes Public: $400M SPAC Merger with SilverBox Announced
馃殌 SPAC Eats Bitcoin Manager
Bitcoin asset manager Parataxis has announced plans to go public through a SPAC merger with SilverBox, valued at $400M. The deal includes:
- $31M allocated specifically for Bitcoin purchases
- Expansion into South Korean markets
- NYSE listing under ticker symbol $PRTX
- Potential for up to $640M in gross proceeds
The merger represents a significant move in institutional Bitcoin investment management, with funds earmarked for building a substantial Bitcoin treasury.
Bridgers Launches Non-Custodial Bitcoin Cross-Chain Routing
Bridgers has launched a new service for routing Bitcoin across chains using aggregated liquidity from top DEXs and bridges. Key features: - Non-custodial execution through smart contracts - User maintains full control of funds - Automated best path routing - No platform custody of assets The service aims to simplify cross-chain Bitcoin transfers while keeping security and user control as top priorities. All transactions are executed on-chain with user authorization required. [Try Bridgers](http://dapp.bridgers.xyz)
TradFi Invests Over $100B in Blockchain Since 2020
A joint report from Ripple and CB Insights reveals significant traditional finance investment in blockchain technology, focusing on: - On-chain payments infrastructure - Asset tokenization platforms - Digital custody solutions - Settlement systems Meanwhile, the crypto market shows recovery with global cap reaching $3.8T. Bitcoin rose 1.8% to $115K, while Ethereum gained 4% to surpass $3.5K. Payment tokens led sector performance with 8.3% gains. Notable events: - Solana Mobile launches Seeker phone with SKR token - $100M+ in token unlocks scheduled this week - Fundstrat's Tom Lee maintains bullish $250K BTC target [Learn more about market insights](http://swft.pro/#Download)
SEC Declares Liquid Staking Not a Security - Major Win for DeFi
The SEC's Division of Corporation Finance has issued landmark guidance confirming that liquid staking and receipt tokens like stETH are not securities. Commissioner Hester Peirce likened liquid staking to traditional deposit receipts for goods held by agents. Key implications: - Removes regulatory uncertainty for Lido in US markets - Opens door for institutional adoption - Enables broader DeFi integrations - Clears path for CEX/fintech platform support This regulatory clarity positions Lido for expanded growth in one of the world's largest capital markets, potentially driving increased adoption of liquid staking.
Daily GM Report: Consistent Community Engagement Continues
The web3 community maintains its daily greeting tradition with **gm gm** accompanied by a sunny emoji on August 6th, 2025. This continues a long-standing pattern observed throughout 2025, where community members consistently exchange morning greetings. Historical data shows variations between *gm gm* and *gm frens*, with predominantly sunny weather emojis, occasional coffee emojis, and rare partly cloudy indicators. - Greeting format: Consistently alternates between *gm gm* and *gm frens* - Emoji usage: Primarily :sunny:, with occasional :coffee: and :sun_behind_small_cloud: - Frequency: Daily engagement maintained