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Crypto Trends

Elliptic Lands HSBC Investment, Extending Big Bank Backing in Blockchain Analytics

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Blockchain analytics firm Elliptic has secured a strategic investment from HSBC, making it the only company in the sector to be backed by four globally systemically important banks (G-SIBs). HSBC joins JPMorgan Chase, Santander and Wells Fargo on Elliptic’s investor roster.

As part of the deal, Richard May, Group Head of Financial Crime at HSBC’s corporate and institutional banking arm, will take a seat on Elliptic’s board.

Banking on blockchain oversight

Elliptic’s technology is used by financial institutions, crypto exchanges and governments to monitor blockchain transactions for signs of financial crime. With HSBC’s investment, Elliptic says it will step up hiring and expand its footprint in financial services.

“For over a decade, we’ve anticipated the enterprise adoption of digital assets and have invested in the robustness, scale and compliance capabilities required by global financial institutions,” said Elliptic CEO Simone Maini. “This is validation of our vision and the market’s growing needs.”

May said HSBC’s decision reflects the need for greater visibility into digital asset flows as regulation tightens.

“With the rapid evolution of digital assets and currencies, mitigating financial crime risks has never been more important,” he said. “Elliptic’s solution provides HSBC with greater transparency, helping to meet rising regulatory expectations and industry standards.”

HSBC deal a logical next step

Maini, who joined Elliptic more than a decade ago after a career in banking and financial crime compliance, described HSBC’s involvement as the natural next step in a long relationship.

“As is often the case with these sorts of relationships, it usually starts with some kind of commercial exploration,” she told CoinDesk. “When you see a strategic imperative aligning with a high-potential company, it can lead back to the venture investing team inside the bank, and ultimately that’s where we landed.”

She said May’s appointment to the board will bring a new dimension: “We don’t currently have a financial crime practitioner on our board, it’s mostly investor backgrounds. Rich brings that 360-degree perspective from both banking and government, and I think it’s going to have a massive influence.”

Growth Areas: Stablecoins, AI and Coverage

Elliptic has been riding a wave of demand from banks exploring stablecoins and tokenized assets. Earlier this year it launched a tool called Issuer Due Diligence to help banks assess wallet risks before holding stablecoin reserves.

Maini said the firm is also pushing ahead with an “AI-driven roadmap,” including a compliance-focused copilot launched this year to shorten onboarding times for banks entering crypto. Another priority is expanding blockchain coverage:

“We don’t ever want to say no to a customer. If they want to screen transactions on a new network, we need to be ready.”



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(L to R): OpenAI President Greg Brockman, NVIDIA Founder and CEO Jensen Huang, and OpenAI CEO Sam Altman are seen standing side by side.
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Nvidia plans to splash OpenAI with cash, pouring out $100 billion for ChatGPT’s creator and making last week’s Intel investment look like a drop in the money bucket

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Big tech is capable of throwing around some eye-watering amounts of cash. As you may recall, Nvidia announced $46.7 billion total revenue during its Q2 2025 earnings call. That’s not just a lot of moolah, but serious spending power.

As such, this week, Nvidia announced it will be investing $100 billion into OpenAI. Part of this mountain of money will go towards supplying the steward of ChatGPT with data centre chips. Details have yet to be finalised, but a letter of intent signed by the two companies announced plans to deploy 10 gigawatts of Nvidia systems for use in OpenAI’s data centres.

The two companies were hardly strangers to begin with, but this latest deal gives Nvidia a stake in one of its biggest customers. Nvidia’s investment in OpenAI will eventually take the form of non-voting shares in the company. OpenAI will then use the resulting cash flow to buy the aforementioned AI chips. Ultimately, this latest pledge of $100 billion makes last week’s surprising news that Nvidia would be putting $5 billion into Intel look like a drop in the bucket.


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Once this most recent deal is finalised, sources close to the company claim the plan is for Nvidia to invest an initial sum of $10 billion, followed by a hardware rollout sometime towards the end of 2026. The first gigawatt of power will likely take to the stage of Nvidia’s upcoming Vera Rubin AI compute platform, which was first revealed back in March.

OpenAI CEO Sam Altman explained in a statement that it was all about maintaining a competitive edge in an increasingly crowded field, saying, “Everything starts with compute. Compute infrastructure will be the basis for the economy of the future, and we will utilize what we’re building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale.”

But Nvidia spending money on OpenAI so OpenAI can then buy Nvidia hardware has raised some concerns; if this flow of cash looks a little circular to you, you’re not the only one concerned about the potential shape of things to come.

Speaking to Reuters, Bernstein analyst Stacy Rasgon commented, “On the one hand this [deal] helps OpenAI deliver on what are some very aspirational goals for compute infrastructure, and helps Nvidia ensure that that stuff gets built. On the other hand the ‘circular’ concerns have been raised in the past, and this will fuel them further.”

Though that said, it’s perhaps too early to start throwing around words like ‘antitrust,’ particularly as the US Trump administration is all in on AI. Still though, the proposed 10 gigawatt data centres will demand power equivalent to the needs of 8 million U.S. households; despite Nvidia CEO Jensen Huang’s suggestion that AI customers ‘pace themselves’ and other major big tech players looking to nuclear to meet AI’s power demands, there may come a time when such a power imbalance can no longer be ignored.

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Midwest Games secures $2 million in strategic investment
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Midwest Games secures $2 million in strategic investment

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Wisconsin-based Midwest Games has secured $2 million in investment to “redefine game publishing support” and “champion underrepresented developers.”

Announced on September 22, 2025, the investment is from Kansas City’s Prevail Private Capital and marks the firm’s first investment in the video games industry.

“Midwest Games is exactly the type of values-driven innovator we want to back,” said Kerry Lawing, CEO of Prevail Private Capital.

“The gaming industry evolves at breakneck speed, and Midwest Games’ model is built to adapt and thrive. We’re proud to support their vision.”

Midwest Games was formed in 2023 by Ben Kvalo, formerly of Netflix, and Rob Martin, XSET alum, and is “pioneering a publishing-as-a-service model.”

In October 2023, the publisher secured $3 million in funding, led by TitletownTech, to expand business operations and staff.

Midwest Games’ executive team includes several industry veterans, including chief marketing officer Jennifer Corbett (former vice president of Crunchyroll) and chief marketing officer Chris Klimecky (former principal producer at ProbablyMonsters).

In addition, the publisher’s advisory board includes Unity Technologies’ director of community (and Xbox alum) Larry ‘Major Nelson’ Hryb and Mark James, the former CTO of Striking Distance Studios.

“Prevail’s support is rocket fuel for our mission,” said Ben Kvalo, founder and CEO of Midwest Games.

“We’re scaling to give more partners the strategy, marketing, and production expertise they need to get their games to market and succeed.”



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Xbox has made its "largest investment in Game Pass" to date this year, says ID@Xbox boss
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Xbox has made its “largest investment in Game Pass” to date this year, says ID@Xbox boss

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Xbox has made its “largest investment in Game Pass to date” in 2025, ID@Xbox boss Chris Charla has revealed.

Speaking to Eurogamer at this year’s Gamescom, Charla explained that “the majority” of Xbox partners who’ve had a game featured on Game Pass “want to bring their future titles to the service.”

“As a result, we’ve signed deals with more than 150 partners to expand the catalogue,” Charla told the publication. “We continue to engage with hundreds of partners each year to review upcoming titles.”

“Last year, we worked with over 50 teams to sign their first Game Pass deal,” Charla continued. “This year marks our largest investment in Game Pass to date, and we remain focused on delivering the most exciting and diverse catalogue in gaming.”

In July 2024, Microsoft increased the price of its existing Xbox Game Pass tiers for new members, before raising prices for existing subscribers in September 2024.

In addition, Microsoft ditched its Game Pass for Console tier and introduced a new $14.99 a month Standard tier, which rolled out in September 2024, but sees subscribers waiting “up to 12 months+” for first-party games – as opposed to the day one launch access granted to subscribers of other tiers.

In response to this price hike announcement, the Federal Trade Commission (FTC) filed a letter with the U.S. Court of Appeals, criticizing Microsoft’s pricing changes and saying that the company’s actions were “inconsistent” with what it had previously said about price increases.

“Product degradation – removing the most valuable games from Microsoft’s new service – combined with price increases for existing users, is exactly the sort of consumer harm from the merger the FTC has alleged,” the FTC said in the letter, referencing Microsoft’s acquisition of Activision Blizzard in October 2023.

In response, Microsoft called the FTC’s claims “misleading” and “a continuation of the agency’s attempts to reinvent its case on appeal.”

In October 2024, just a month after the price hike came into effect for existing subscribers, Microsoft revealed that Call of Duty: Black Ops 6 broke records for Game Pass subscriptions and was the franchise’s biggest launch to date (as well as the first Activision Blizzard title to launch day one on the service following its acquisition).

In July 2025, Microsoft released its financial results for Q4 of its fiscal year 2025, revealing that Xbox content and services revenue had increased 13% year-on-year (YoY).

Amy Hood, executive vice president and CFO of Microsoft, said at the time that the growth was “driven by better-than-expected performance from first-party content and Xbox Game Pass.”



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Xbox has made "largest investment in Game Pass to date" this year, countering recent criticism of subscription service's value
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Xbox has made “largest investment in Game Pass to date” this year, countering recent criticism of subscription service’s value

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This year has marked Xbox’s “largest investment in Game Pass to date”, according to ID@Xbox boss Chris Charla.

Speaking to Eurogamer, Charla discussed the current state of the subscription service in the face of recent criticism, noting positive sentiment from developers and a desire to return for future projects.

“The majority of partners who’ve had a game in Game Pass want to bring their future titles to the service,” said Charla. “As a result, we’ve signed deals with more than 150 partners to expand the catalogue. We continue to engage with hundreds of partners each year to review upcoming titles.

“Last year, we worked with over 50 teams to sign their first Game Pass deal. This year marks our largest investment in Game Pass to date, and we remain focused on delivering the most exciting and diverse catalogue in gaming.”

Xbox has received criticism for Game Pass in recent months. Arkane Studios founder Raphael Colantonio described the service as “an unsustainable model that has been increasingly damaging the industry for a decade”.

In a back and forth on social media on the “cannibalisation” of sales, Larian director of publishing Michael Douse added “smaller teams with new or riskier” games can benefit from Game Pass, but he prefers “Sony’s ‘lifecycle management'” method of adding games following initial sales.

Former PlayStation boss Shawn Layden discussed the perceived profitability of Game Pass in a discussion with GamesIndustry.biz. “There’s a lot of debates going on,” he said. “Is Game Pass profitable? Is Game Pass not profitable? What does that mean? That’s really not the right question to ask anyway.

“You can do all kinds of financial jiggery-pokery for any sort of corporate service to make it look profitable if you wanted to. You take enough costs out and say that’s off the balance sheet and, oh look, it’s profitable now. The real issue for me on things like Game Pass is, is it healthy for the developer?”

Meanwhile, Football Manager boss Miles Jacobson recently told Eurogamer player numbers for the series have skyrocketed since being added to subscription platforms.

“We built a whole business model around it,” he said. “You can’t just turn around and do this – this was before we launched on the subscription platforms, we’d been talking about it. And we’d been working out what we were going to do for five years – it was a five-year journey before we went with the first experiment, and then we did another experiment, and then we did another experiment, and then we learned from those experiments, and that’s when the full strategy was put in place.”

In a broader interview with Eurogamer on the state of indie games on Xbox, Charla noted the breadth of games showcased by Xbox at Gamescom. “It is just really a recognition by Xbox of the absolute crucial need for diversity in our portfolio,” he said.



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Esports Firm’s Stock Price Doubles After Bitcoin, Ethereum Treasury Investment

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In brief

  • Allied Gaming & Entertainment has started investing into Bitcoin and Ethereum for its treasury.
  • The publicly traded firm’s stock price briefly doubled on Friday following the announcement.
  • Many companies have started amassing crypto, following the model pioneered by Bitcoin giant Strategy.

Allied Gaming & Entertainment, a Nasdaq-listed esports and gaming company, announced that it has invested in Bitcoin and Ethereum as part of a new “corporate treasury management strategy.”

In response, its stock, traded under the ticker AGAE, soared 105% to $1.87 earlier Friday and has since dipped to $1.65, according to TradingView—still up 71% on the day.

The company explained that this was just the “first step” to incorporating crypto into its balance sheet, as it plans for a broader embrace of the blockchain and teased real-world asset initiatives.

The exact figure of its Bitcoin and Ethereum investment was not stated in the release. Decrypt reached out to confirm the details, but did not immediately receive a response.



“We see cryptocurrency not only as a store of value, but also as a strategic building block for the future of our business,” Yangyang James Li, CEO of AGAE, said in a statement. “Integrating blockchain and digital assets into our ecosystem is a natural progression of our vision to connect people through gaming, entertainment, and innovative financial technologies.”

Allied Gaming & Entertainment is a company focused primarily on entertainment in the esports gaming scene. It owns and operates the HyperX Esports Arena, a 650-person capacity venue in Las Vegas that has hosted events like the 2019 League of Legends All-Stars match, as well as an event for Ethereum-based card battler Parallel just last year.

It went public in 2017, debuting at $9.54 and hitting an all-time high of $12.11 in October 2018, according to TradingView. Since then, the stock has been on a gradual downward grind. However, its latest crypto announcement has given it a much-needed boost, momentarily doubling its value.

Future initiatives for the esports company will include allowing for crypto payments, creating tokenization models for IP monetization, as well as integrating stablecoins and utility tokens within the “company’s digital ecosystem,” the release said.

The announcement is just the latest addition to the flood of publicly traded crypto treasury companies emerging in the U.S.

It first started with Michael Saylor’s MicroStrategy, now just Strategy, which pivoted from being a business intelligence software company to focus on acquiring Bitcoin. It now holds 638,460 BTC, or $73.6 billion worth of Bitcoin, and Saylor says it could acquire as much as 7% of the total supply.

Strategy’s raging success in the markets since its crypto pivot has led many others to follow suit.

Notably, SharpLink Gaming and BitMine Immersion Technologies have emerged as the leading Ethereum treasury companies, with BMNR holding $9.4 billion worth of ETH and SBET amassing $3.8 billion of ETH, per data from Strategic ETH Reserve—totalling 2.4% of the Ethereum supply between them.

It’s not just the big hitters, though. Crypto treasury companies also exist for Elon Musk’s favorite meme coin Dogecoin, Solana meme coin BONK, and altcoins Solana, XRP, and Sui.

The trend has led some industry observers to grow concerned that it could be the black swan event that drags crypto down this cycle, akin to the FTX collapse of the past. 

However, SharpLink Gaming’s co-CEO, Joseph Chalom, told Decrypt last week “absolutely not.” Rather, he said, the Ethereum treasury push will be a positive “white swan” event by educating institutional investors about the cryptocurrency.

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Digital identity is the infrastructure crisis no one admits
Crypto Trends

Cometa.Global focuses on investment and management of mainstream crypto

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Cometa.Global launches COME app, offering multi-crypto settlement and asset allocation for global investors.

Summary

  • Cometa.Global launches COME app, offering multi-currency settlement, flexible contracts, and profit payouts.
  • It supports BTC, ETH, XRP, DOGE, and USDT, with secure cold wallets, audits, and renewable energy data centers.
  • Investors gain daily settlement, flexible reinvestment, and green-powered infrastructure with Cometa.Global’s COME app.

Cometa.Global recently announced the official launch of its new COME app, providing multi-currency settlement and asset allocation services to global investors.

The app supports payments and settlements in major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Tether (USDT), opening up new avenues for the use and appreciation of digital assets.

Company background

Cometa.Global is headquartered in the financial center of London and has long been focused on the global layout of blockchain technology and computing power services. As a compliant and steadily developing digital asset company, Cometa.Global is committed to promoting industry upgrades through innovative products.

The newly launched COME App is an important practice of the company in the field of digital finance.

Program highlights

  • Multi-Currency Support: The COME app fully supports mainstream assets such as BTC, ETH, XRP, DOGE, and USDT, meeting the investment needs of various investors.
  • Flexible Contracts: The app offers a variety of investment contracts with different amounts and periods, suitable for both beginners and experienced investors with long-term plans.
  • Daily Settlement: All contract profits are automatically settled daily, and users can flexibly withdraw or reinvest through the COME app.
  • Security and Compliance: The COME app features a built-in distributed cold wallet and third-party audit mechanism, combined with multiple encryption algorithms, to ensure fund transparency and security.
  • Green Philosophy: Cometa.Global’s global data centers utilize renewable energy, in line with the sustainable development trend of digital finance.

Simplify the process

Investors can participate in the program through the COME app in just three steps:

1. Register and create an account.

2. Select the appropriate investment contract within the app.

3. Activate the contract, and profits will be settled daily and credited to your account in real time.

Summary

Cometa.Global stated that the COME App is a key product for the global market. It not only offers multi-currency settlement and flexible contracts, but also incorporates compliant and secure management mechanisms to create a convenient and transparent investment experience for users.

Through the COME App, Cometa.Global aims to help investors maintain stable asset management and growth during volatile market cycles.

For more information, please visit the official website.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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QA firm Testronic secures "significant" new investment as it restructures worldwide operations
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QA firm Testronic secures “significant” new investment as it restructures worldwide operations

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QA company Testronic has secured “significant” new investment, which it says will be used to “accelerate growth and future-proof its worldwide operations.” It will also use the funding to “strengthen” its leadership team.

Though the company didn’t expand on the specifics of that investment from TDC, a capital partner of global investment firm KKR, it did disclose a restructure that has seen its Madrid and Belgrade offices closed, and the Catalis Group name retired.

While the company also didn’t disclose how many people have been impacted by the closures, a spokesperson told Game Developer that the redundancies equated to 4.8% of its global headcount.

Testronic also stated it had doubled the number of its testers in Manila, and is “sharpening its focus on its Centre of Excellence” in the U.S., Europe, and South East Asia.

There have also been a number of senior hires, including former Meta director Samantha Williams as chief revenue officer, former senior QA exec Lewis Read as VP global partnerships, and former Keywords marketing director Linda Quinn, who joins as global head of marketing.

“This is a pivotal moment for our company. Making changes that affect people is never easy, but these decisions are about strengthening our business for the future,” said CEO Sharon Baylay-Bell. “We are in a very strong financial position, and this refocus allows us to invest more deeply in our Centres of Excellence in the US, Europe and South East Asia. We are recruiting across all three regions, and remain committed to innovation and state-of-the-art technology.

“We can now focus on delivering the services at which we excel – QA Testing and Localization via Testronic, and award-winning 3D and VFX Art via Secret 6. The sale of Curve Games has allowed us to do just that. It has also enabled us to streamline the business to eliminate what had been something of a complicated corporate structure.

“This is a significant stage in our company’s journey. By leveraging our core capabilities and driving innovation, we are well-positioned to create stronger, deeper client partnerships that are player-focused, client-first, and outcomes-led.”

Testronic opened a new “state-of-the-art testing facility” in Manila, Philippines, back in April. Situated in the Mega Tower in Mandaluyong City, Testronic said “the world-class location is designed to ensure the delivery of QA services of the highest quality to clients around the world” and is “fully supported by leading-edge security.”



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Fidelity'S Timmer Bitcoin, Gold Top Investment Returns]
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Bitcoin, Gold Top Investment Returns

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Jurrien Timmer, Director of Global Macro at Fidelity Investments, says it’s no anomaly that Bitcoin continues to sit near the top of the global returns leaderboard alongside gold and international equities, while bonds remain stuck at the bottom.

In a new market note, Timmer argues that Bitcoin’s scarcity narrative continues to play well in a macro environment where fiat currencies weaken and U.S. fiscal dominance drives capital into domestic risk assets. Gold, long considered Bitcoin’s analog in legacy markets, has so far outpaced the digital asset in 2025.

Earlier this year, Timmer suggested that gold might eventually “pass the baton” to Bitcoin, implying a reversal in performance leadership. That handoff, however, has yet to happen. While Bitcoin reached a new all-time high in late August, its momentum quickly stalled. Meanwhile, gold surged above $3,650 this week to notch another record as investors increasingly price in potential rate cuts from the Federal Reserve.

In previous commentary, Timmer projected that quantitative easing (QE) could return as the Fed faces structural fiscal pressure. Both Bitcoin and gold, he noted, would be primary beneficiaries of a renewed wave of liquidity.

Cycles and institutional gravity

Timmer also weighed in on the ongoing debate around whether Bitcoin’s four-year halving cycle still holds weight in a market now dominated by institutional players. Despite changing dynamics, he believes the asset continues to follow the historical rhythm, supported by supply mechanics and macro tailwinds.

In July, Timmer described Bitcoin and gold as being in the “middle innings” of the hard money trade, driven by expanding global money supply and a still-dominant U.S. dollar.

Fidelity’s framing of Bitcoin as hard money isn’t just narrative, it reflects a shift in macro playbooks. If QE returns, Bitcoin’s role won’t just echo gold’s, it could become central to it.

Also Read: Digital Asset Treasuries under fire as token-holding firms lose steam



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Eightco Stock Jumps 3000% on Worldcoin Treasury Strategy, BitMine Investment

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In brief

  • Eightco raised $250M to buy Worldcoin and changed its ticker to ORBS in a crypto treasury pivot.
  • BitMine backed Eightco with $20M and called the Worldcoin play its first big “moonshot” investment.
  • Eightco bet on Worldcoin over Bitcoin or ETH, sparking questions about the strategy.

Eightco Holdings Inc. shares surged more than 3,000% Monday after the obscure e-commerce firm announced plans to build a treasury around Worldcoin—and secured a $20 million investment from crypto miner BitMine.

The stock hewed to its Friday closing price of $1.43 in pre-market hours and closed at $45.08. It surged as high as $83.12, earlier in the day, a more than 5,000% gain at the time.

“Everything the Foundation and Tools for Humanity have built has enabled us to be in this position,” Dan Ives, managing director at Wedbush Securities, told Decrypt. “We believe that World is significantly undervalued relative to the potential opportunity.”

Eightco also raised $250 million in a private placement to buy Worldcoin (WLD) tokens, calling it the first corporate treasury strategy built around the controversial digital identity project. Eightco also plans to change its Nasdaq ticker from OCTO to ORBS on September 11, 2025.



Worldcoin rose 49% Monday to $1.54, reaching a seven-month high, according to CoinGecko.

BitMine, which recently boosted its Ethereum holdings to more than two million ETH—worth roughly $9 billion—described the Eightco deal as its first “moonshot” investment.

Ives, who was also newly appointed chairman of Eightco, told Decrypt the move aligns with the company’s focus on digital identity, AI, and Worldcoin’s “Proof of Personhood” technology.

“I see Worldcoin as a tech infrastructure play, not a crypto investment. It’s the intersection of AI and crypto,” Ives said. “I wouldn’t be involved if this were just a token strategy. A key part of the AI revolution will be the authentication and trust layer—and that’s what World provides.”

While the treasury’s focus is on Worldcoin, Eightco acknowledged that it may also hold cash and Ethereum “as secondary reserve assets,” with Ives highlighting the company’s bullish sentiment toward the number one Proof-of-Stake blockchain, but said other cryptocurrencies could potentially be added later.

“We see ourselves as a sibling to Ethereum, and that’s potentially in the cards,” Ives said. “But our main focus is World.”

Worldcoin, co-founded by OpenAI CEO Sam Altman, launched in July 2023 as a digital identity system. Worldcoin has a total supply of 10 billion WLD Tokens. At the center of the Worldcoin ecosystem is the Orb, an iris-scanning device that verifies users as human and distributes WLD tokens. In October 2024, Worldcoin rebranded to World. In April, World unveiled its Orb in six major American cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.

The project has faced scrutiny from regulators and privacy advocates in several countries over its biometric data practices, though the company says its zero-knowledge protocol keeps that information off-chain.

Worldcoin has registered nearly 16 million accounts in more than 45 countries, according to the company. In January, Worldcoin jumped 25% after President Donald Trump announced a $500 billion AI investment initiative by OpenAI, Oracle, and the Japanese conglomerate Softbank.

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