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Coinbase, Samsung Alliance Deepens: Galaxy Wallet To Allow Direct Crypto Purchase

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Consumer electronics giant Samsung has broadened its partnership with cryptocurrency exchange Coinbase, enabling Galaxy smartphone users to purchase crypto directly to their wallets.

Coinbase Integrates Samsung Pay On Platform

On Friday, October 3, US-based cryptocurrency exchange Coinbase announced the expansion of its partnership with Samsung. This renewed collaboration will grant Galaxy smartphone users in the United States direct access to crypto through its Coinbase One program.

According to the exchange’s website, Coinbase One is a membership program for crypto users, offering zero trading fees, boosted staking rewards, priority support, exclusive partner deals, and account protection for lost fund restoration due to unauthorized third-party access.

Additionally, this partnership expansion includes the integration of Samsung Pay on the crypto trading platform. The announcement revealed that this will allow Samsung Galaxy smartphone users to interact with cryptocurrencies and other blockchain services.

Coinbase’s Chief Business Officer Shan Aggarwal said in a statement:

Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million of Galaxy users across the U.S., and soon around the world.

The growing partnership between Coinbase, the largest cryptocurrency exchange in the United States, and Samsung is a hallmark sign of the ongoing shift in the US crypto landscape. Following the election of President Donald Trump in November 2024, the improved regulatory clarity has afforded crypto companies the freedom to push for further expansion.

Coinbase Revenue To Improve In Q3 2025?

The improving crypto climate in the US has not particularly translated to increased revenue growth for Coinbase. According to the shareholder report released in August, the crypto exchange recorded a revenue growth of just 3% in the year’s second quarter, its lowest in recent years.

These revenue growth numbers were not only low by the company’s standards but also lagged behind industry performance. For instance, Kraken registered an 18% jump in crypto revenues, while Robinhood posted almost a 100% increase.

Investors will be looking forward to the revenue report of the recently concluded third quarter, as it is likely to impact the crypto company’s shares. Coinbase shares (with the ticker COIN) witnessed a sharp drop in value following the release of the second-quarter revenue report.

As of this writing, COIN is trading at around 380.02, reflecting an over 2% jump in the past 24 hours. According to recent market data, the stock’s value has increased by more than 53% year-to-date.

The price of COIN on the daily timeframe | Source: COIN chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Close-up of stacked gold bars. (Jingming Pan/Unsplash)
GameFi Guides

BitMEX Co-founder Arthur Hayes Sells HYPE to Fund Ferrari Purchase, Stands by 126x Forecast

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Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, sold his personal stash of Hyperliquid’s HYPE tokens just weeks after predicting the asset could rally 126-fold.

Ferrari jokes and blockchain receipts

Blockchain analytics service Lookonchain reported on Sunday that Hayes unloaded 96,628 HYPE — worth about $5.1 million — booking a profit of roughly $823,000, or 19%, in a month.

Not long after, Hayes confirmed the move with his trademark irreverence, posting on X: “Need to pay my deposit on the new Rari 849 Testarossa.” The comment fueled backlash from traders who accused him of pumping HYPE in August before quickly exiting.

Hayes pushed back on Monday, insisting the sale was tied to concerns laid out by his firm. “This is why we dumped $HYPE today. But don’t worry 126x is still possible 2028 is a long way off,” he wrote.

Maelstrom warns of $11.9B supply unlocks

Earlier today, Maelstrom published a lengthy X post outlining what it called HYPE’s “first true test.”

Starting Nov. 29, 237.8 million HYPE will begin vesting linearly over two years — unlocking nearly $500 million of tokens per month. At current prices of around $50, that represents $11.9 billion of supply entering circulation.

The post estimated Hyperliquid’s buyback program could only absorb about 17% of that flow, leaving a potential $410 million monthly overhang. “Has the market priced in the sheer scale of these unlocks?” Maelstrom asked.

Maelstrom framed the looming supply shock as natural for a fast-growing protocol but warned that large vested allocations may tempt early developers and insiders to sell. The firm also noted that even large decentralized autonomous treasury (DAT) deals, such as Sonnet’s $583 million HYPE raise, won’t offset the scale of the unlocks.

Still betting on a decentralized Binance

The remarks contrasted sharply with Hayes’s Aug. 27 blog post, where he called Hyperliquid a “decentralized Binance” and argued HYPE could climb 126x by 2028. That thesis relied on bold assumptions: a $10 trillion stablecoin market, Hyperliquid capturing a Binance-level trading share, and fee structures holding steady.

Despite selling his tokens, Hayes reiterated that long-term view on Monday, describing the upcoming unlock as a hurdle, not a death blow. In his words, “2028 is a long way off.”

Hyperliquid has surged to become a dominant player in decentralized perpetual futures, and its HYPE token remains central to governance, staking and fee distribution. Whether the market can digest nearly $12 billion in new supply may determine if Hayes’s forecast proves prescient — or overly ambitious.



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GameFi Guides

Advances 6% on ETF Anticipation, Treasury Purchase

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Oracle network Chainlink’s (LINK) native token surged 6% over the past 24 hours crossing $24.5 on Thursday as crypto prices climbed higher with altcoins outperforming.

The price action happened as large-cap altcoins led crypto markets higher in anticipation that spot-based ETFs could hit the market soon with the SEC approving general listing standards.

That could include Chainlink’s LINK, too, with several applications filed earlier this year and LINK futures being traded on U.S.-regulated exchanges like Coinbase Derivatives.

Caliber (CWD), a public wealth management firm that adopted a Chainlink treasury reserve asset initiative, said on Thursday it bought $6.5 million worth of tokens as part of its digital asset strategy.

The Chainlink Reserve also purchased on Thursday another 43,000 LINK ($1.05 million) as part of the initiative to buy tokens using revenue from protocol integrations and services, similar to public companies’ share buyback programs.

Since August, the reserve has accumulated a total of 323,116 tokens, worth $7.9 million, data shows.

Technical Analysis

The technical indicators underscore LINK’s gaining momentum, according to CoinDesk’s Research’s technical analysis data.

  • Robust support established at $22.82 with high-volume confirmation of 5.56 million units, significantly surpassing the 24-hour average of 1.48 million.
  • Multiple resistance levels breached including $24.16 and $24.42, demonstrating sustained purchasing pressure.
  • Ascending low formations throughout the recovery phase indicating consistent upward momentum.



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An enemy soldier is in the player's sights.
Game Updates

Escape From Tarkov On Steam Will Require A Separate Purchase

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Escape from Tarkov, arguably one of the most hardcore extraction shooters out there, is finally making its way to Steam. The game has previously lived in perpetual beta status, but now the highly anticipated 1.0 release is expected this November. You can’t buy it on Steam just yet, though the listing is up and you can wishlist it. But, as some are learning, if you have already been a long-time Tarkov player and are hoping to consolidate your game library under Valve’s launcher or make use of Steam’s social features, you won’t just be able to download the game on Steam and connect your Battlestate Games account. You’ll have to pay for the game a second time.

Like with many things involving Tarkov, this is all a little confusing, if not intimidating. So let’s break it down.

The Steam page for EFT went public today, with a release date of “coming soon.” Meanwhile, a FAQ on EFT’s official website lists some potentially disappointing news for some: “To play Escape from Tarkov through Steam, you will need to link a Battlestate Games account to your Steam account.” This is hardly unique to EFT’s arrival on Steam, as other games, such as Final Fantasy XIV and, more recently, Star Wars Outlaws, that have previously launched elsewhere and later come out on Steam typically have not supported a “cross-buy” situation. Still, this news has left a sour taste for many, with fans chiming in on social media to suggest the game is likely to get review bombed upon release and that it just feels silly, greedy even.

The same FAQ page states that if you previously purchased any of the more expensive versions of the game, a newly purchased Steam copy “will automatically use the higher edition of the two when launching the game” once you’ve linked your accounts. So, technically speaking, if playing on Steam is a must, and you’ve purchased a more expensive version of EFT in the past, you should only buy the base edition on Steam when it goes live.

The Steam FAQ page also contains some other potentially upsetting information: There are currently no plans for EFT to support the Steam Deck and Family Sharing is a no-go. Plus, the system requirements, as seen on the Steam page, are pretty steep. Recommended specs include 64GB (!!) of RAM and a 4070.

Escape from Tarkov’s main extraction mode will finally emerge from beta status on November 15, 2025, after nearly a decade in development. But it’s not the only mode that EFT has on offer.

As an extraction shooter, Tarkov features PvP elements that see both bots and players on a live multiplayer map, though the main game loop is all about getting in, looting, surviving, and extracting. Two years ago, however, BSG released EFT: Arena as a standalone solution for those who wanted to experience the tactical shooter in a competitive environment. Though Arena uses the same EFT account to share rank and stats, and is available for purchase individually on the Epic Games Store right now, this mode does not have a Steam listing.

So while needing to buy the game a second time if you desperately need to play might be a bummer, it’s worth noting that you can just add non-Steam games to the Steam launcher. That said, given that you’ll still need a BSG account and your previous purchases of the more expensive editions will carry over, some are wondering why BSG can’t just allow the base version to carry over with a download of the launcher through Steam.



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Solana
NFT Gaming

Forward Launches Solana Treasury With $1.58 Billion Purchase

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Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.

Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury

According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko’s tracker shows the largest SOL treasury before today held $474 million, making Forward’s bet the largest yet.

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:

Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.

Forward doesn’t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency’s ecosystem to generate more value. So far, it has put all its holdings into staking.

Samani noted:

We are building the world’s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.

Forward’s treasury isn’t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release.

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.

Speaking of digital asset treasury companies, the OG firm Strategy (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor in an X post.

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.

SOL Price

Solana neared the $250 mark during the weekend, but the asset’s price has declined since then as it has dropped to the $233 level.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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OpenSea Debuts NFT Reserve with CryptoPunk Purchase
NFT Gaming

OpenSea Debuts NFT Reserve with CryptoPunk Purchase

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NFT marketplace turned trading platform OpenSea on Monday said it launched a $1 million reserve dedicated to buying “culturally relevant” non-fungible tokens (NFTs).

OpenSea kicked off its NFT reserve by buying a piece of digital art from the CryptoPunk collection — widely considered Ethereum’s first NFT profile picture (PFP) collection.

“To us, culturally relevant NFTs are works that have made an impact: creatively, socially, or technologically,” OpenSea Chief Marketing Officer Adam Hollander told Cointelegraph. “They might represent a defining moment in NFT history, introduce a new artistic style, or come from voices that haven’t been fully recognized yet.”

OpenSea bought CryptoPunk #5273, and plans additional acquisitions. Hollander said buying decisions will be guided by a cross-functional team of employees and external advisers from the digital art world.

Onchain data shows that CryptoPunk #5273 was purchased on Aug. 25 for 65 Ether (ETH), valued at around $283,000, before being transferred to another wallet address on Monday.

CryptoPunk #5273 with attributes. Source: CryptoPunks

Created in June 2017 by Larva Labs, the CryptoPunks collection has a market cap of $2.1 billion, according to NFTPriceFloor.

While strategic reserves featuring fungible tokens like Bitcoin (BTC), Ether (ETH), and Solana (SOL) have become more popular in 2025, NFT reserves have been rare if nonexistent. They also carry additional risks to investors: NFTs are less liquid than fungible tokens and could be harder to sell during a market downturn.

Upcoming purchases will “happen over the coming months”, Hollander said. “It’s not a limited campaign, it’s a living collection that will continue to grow as the space evolves.”

Related: What is an NFT, and how does it work?

NFT momentum slows first week of September

The NFT sector showed signs of a comeback in recent weeks, according to data from CryptoSlam, with sales between July and August ranging from $115.4 million to $170.5 million. That momentum cooled in September, with weekly sales slipping to $92 million.

NFT sales, unique buyers and unique sellers data. Source: CryptoSlam

Various crypto exchanges, including Bybit and Kraken, and more mainstream companies like GameStop, have shuttered their NFT marketplaces amid falling trading volume.

In May, OpenSea announced it was rolling out a token trading platform in an effort to diversify its businesses. In April, NFT marketplace Magic Eden acquired crypto trading app Slingshot to undergo a similar pivot.

Magazine: NFT Creator: Moonbirds floor price surges: Can Spencer pull a Luca Netz?



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Ethereum gaming network XAI sues Elon Musk's AI company
GameFi Guides

Yunfeng Financial joins corporate ETH wave with $44m purchase

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Hong Kong-listed Yunfeng Financial has added 10,000 ETH to its reserves, aligning with a growing group of public firms treating Ethereum as a treasury asset rather than just a market trade.

Summary

  • Yunfeng Financial added 10,000 ETH ($44m) to its reserves, marking a shift toward Ethereum as a treasury asset.
  • The purchase follows the company’s July strategy to expand into Web3, real-world assets, and tokenized finance.

According to an announcement on September 2, the board of Yunfeng Financial Group Limited approved the allocation of $44 million from its internal cash reserves to acquire Ethereum (ETH) on the open market.

The purchase, already executed, is a direct follow-through on the firm’s July pledge to expand into frontier technologies like Web3 and real-world asset tokenization. Notably, the company said the ETH will be accounted for as investments on its balance sheet, cementing its status as a formal strategic reserve asset intended to reduce the Group’s “reliance on traditional currencies.”

Why Yunfeng is betting on Ethereum

Yunfeng stated that holding ETH is fundamental to facilitating technological innovation in the Web3 field and achieving an “organic integration of finance with technology” for its clients. This language positions Ethereum not as a passive investment, but as an essential part of building next-generation financial products.

Perhaps the most forward-looking aspect of Yunfeng’s strategy lies in its plans for its core insurance business. The announcement confirms the company will “explore the potential applicable models of ETH in the Group’s insurance business.” This suggests a move beyond simple treasury diversification into actual utility on the Ethereum network.

With this move, Yunfeng enters a specific and rapidly growing class of public companies that are treating Ethereum as a primary treasury asset. This group is distinct from the earlier wave of Bitcoin-only corporate adopters, signaling a specific belief in Ethereum’s utility and value proposition.

Yunfeng’s 10,000 ETH stake, while significant, places it in the junior league compared to the market’s true behemoths. According to industry data, the firm joins ranks with companies like The Ether Machine, which is amassing a treasury now exceeding 345,000 ETH ahead of a planned public listing.

The current titans of corporate ETH accumulation are BitMine Immersion Technologies, led by Fundstrat’s Tom Lee, which holds a colossal 1.87 million ETH, and SharpLink Gaming. SharpLink has been on an aggressive acquisition spree, most recently adding 39,008 ETH to bring its total holdings to 837,230 tokens, a stash valued at approximately $3.6 billion.



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Metaplanet
NFT Gaming

Metaplanet Pushes Bitcoin Holdings Over $2 Billion With New Purchase

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Metaplanet has added to its Bitcoin treasury once again, buying 1,009 BTC in a fresh transaction worth approximately $112 million. In doing so, the Japanese investment house now holds 20,000 BTC worth over $2 billion at current prices.

Aggressive Buying Over Recent Months

Reports indicate that Metaplanet has been accumulating Bitcoin at a quick rate. In August alone, the company acquired several high-profile deals: 463 BTC for $53.7 million, followed by 518 BTC for $61.4 million, and then another 775 BTC as part of one massive deal worth $93 million.

The latest 1,009 BTC purchase lifted its total holdings beyond the 18,888 BTC it previously disclosed.

The company has set its year-end target at 30,000 BTC, raising its goal after surpassing 10,000 Bitcoin earlier in the year.

To support this, Metaplanet has turned to international markets, securing $837 million in share offerings. Most of that capital has been earmarked for new Bitcoin buys scheduled for September and October.

Eric Trump’s Role In The Strategy

Metaplanet’s efforts are not only financial but also strategic on a global stage. Eric Trump, the second son of US President Donald Trump, was appointed as a strategic adviser to the board in March 2025.

Reports say he is expected to attend a shareholder meeting in Tokyo, where the firm will vote on new fundraising methods.

The agenda for the meeting includes potential approval for issuing up to 555 million preferred shares. If approved, the sale could bring in as much as 555 billion yen, or around $3.7 billion, to fuel more Bitcoin acquisitions.

The company had already announced plans last week to raise 130.3 billion yen ($880 million) through an overseas share offering.

BTCUSD now trading at $109,017. Chart: TradingView

Stock Performance And Market Position

Despite hitting a milestone, Metaplanet’s stock slipped by 4.5% on the same day as the announcement, according to Google Finance data.

Even so, the stock remains up 135% since the start of the year, suggesting that many investors still support the company’s direction.

With its current holdings, Metaplanet has now become the sixth-largest public Bitcoin treasury worldwide, passing Riot Platforms. Only a handful of corporations hold more, including Strategy and Marathon Digital.

The firm also reported a 31% Bitcoin yield from July to September 1. This measure reflects the percentage change in the ratio of Bitcoin holdings to fully diluted common shares, and it has been highlighted as a key performance indicator for the company.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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DeFi Dev Corp lifts Solana treasury to $317m with new purchase
GameFi Guides

DeFi Dev Corp lifts Solana treasury to $317m with new purchase

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DeFi Development Corp. has deployed another $77 million from its equity raise into Solana, bringing its total holdings to a staggering 1.83 million tokens. This move intensifies its high-profile bet on crypto as a core corporate asset.

Summary

  • DeFi Dev Corp boosted its Solana holdings by 29% with a $77 million purchase, lifting reserves to 1.83M SOL worth about $317M.
  • The newly acquired tokens will be staked across validators, including its own, to generate native yield.
  • The company reports a Solana-per-share metric of 0.0864, or $17.52, and expects growth to hold despite potential dilution.

According to a press release dated August 28, DeFi Development Corp. has acquired an additional 407,247 Solana (SOL) tokens, valued at approximately $77 million. The purchase, executed at an average price of $188.98 per token, was funded directly from the company’s recent equity financing round.

The latest buy boosts DeFi Development’s total Solana holdings to 1,831,011 tokens, solidifying its unique position as a publicly-traded entity with a treasury primarily denominated in the digital asset. Furthermore, the company confirmed that over $40 million remains available for future SOL acquisitions and treasury operations.

A 29% boost underscores long-term Solana strategy

The latest acquisition represents a 29 percent jump from DeFi Dev Corp’s prior balance of 1.42 million tokens. That increase lifts its Solana exposure to roughly $371 million at current valuations, impacting both market liquidity and perception.

Per the statement, the newly acquired SOL will be held long-term and staked across a variety of validators. Crucially, this includes delegating a portion to DeFi Dev Corp.’s own validator infrastructure. This is a key operational detail that moves beyond passive speculation.

By staking, the company actively generates native yield, aiming to compound its holdings organically through network rewards. This approach transforms their treasury from a static asset into a productive, revenue-generating engine, leveraging crypto-economics directly on its balance sheet.

For equity investors, the most critical metric remains SOL per Share (SPS). The company reports this figure currently stands at 0.0864, meaning each share of DFDV stock is backed by that amount of SOL, or roughly $17.52 at current valuations.

The press release outlines that on a fully diluted basis, accounting for all warrants from the recent financing, the share count would adjust to approximately 31 million. Despite this potential dilution, the company projects that its ongoing accumulation strategy will prevent the SPS from falling below a baseline of 0.0675, signaling confidence in continued per-share growth as it deploys its remaining $40 million war chest.



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Defi Dev Corp Expands Solana Treasury With $77M Purchase
Crypto Trends

DeFi Dev Corp Expands Solana Treasury With $77M Purchase

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DeFi Development Corp. has made another bet on Solana, expanding its treasury holdings as competition among public firms heats up. The company confirmed on August 28 that it bought 407,247 SOL at an average of $188.98 each. 

As per the announcement, the purchase cost roughly $77 million, lifting the company’s total holdings to 1,831,011 SOL. Consequently, DeFi Dev now controls nearly $371 million worth of Solana. The deal comes only weeks after its equity raise that left more than $40 million for future Solana purchases. 

The company stressed that the newly acquired tokens will be staked across validators, including its own, to generate additional yield. With the move, the company is committed to long-term building of a treasury that compounds in quantity and value.

Key Shareholder Metrics

DeFi Dev stated that there were about 21 million shares in circulation as of August 28. At current prices, this corresponds to a Solana-per-share ratio of 0.0864, or $17.52. However, a fully diluted basis would expand shares to 31 million. 

Even then, management does not expect SPS to drop below 0.0675. Hence, the company reinforced expectations of continued growth despite future warrant conversions.

Additionally, DeFi Dev shares rose sharply on Nasdaq. The stock closed at $16.86, up 10.48% in Tuesday trading, according to Yahoo Finance data. Meanwhile, Solana itself traded at $211.45, with volumes above $14 billion, based on CoinMarketCap.

Institutional Race for Solana

Competition to secure Solana exposure is still high. A Coingecko report earlier this month showed Upexi holding 1.9 million SOL, the largest among public firms. DeFi Dev ranked second then with 1.18 million tokens, but it has since narrowed the gap.

Moreover, Canadian firm SOL Strategies holds 392,667 SOL, while Torrent Capital manages about 40,039 SOL. Together, as per the report, the groups controlled over 3.5 million SOL, worth $591 million, or 0.65% of the circulating supply.

DeFi Dev’s latest purchase signals institutional conviction in Solana’s long-term value. Consequently, public companies are shaping Solana’s market dynamics.

Also Read: Tether to Launch USDT on Bitcoin with RGB and Lightning



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