With a new VARA license, HashKey Global MENA now wants to serve UAE clients with crypto trading, OTC services, and AED/USD onramps via Standard Chartered. HashKey Group has received a crypto license from Dubai&#8217;s local regulator Virtual Assets Regulatory Authority,…

Hong Kong’s HashKey taps Dubai as regional base for crypto services

The crypto bull market is starting, with Bitcoin price nearing its all-time 
high and most altcoins surging by double digits from their lowest levels this 
year. Bitcoin (BTC) has jumped above $104,000, and analysts remain highly 
bullish on its performance.…

The crypto bull run is here: top 3 altcoins to buy and hold

Bitcoin mining firm American Bitcoin is going public through a merger with 
crypto mining firm Gryphon Digital Mining, the companies announced on May 12.
Under the terms of the deal, Gryphon Digital Mining will acquire American 
Bitcoin in a stock-for-stock transaction. After the merger, the new company 
will operate under the American Bitcoin brand and be led by its board of 
directors, which includes Eric Trump, son of US President Donald Trump. 
News of the merger coincided with a sharp rise in Graphon Digital Mining&#8217;s 
stock price, which climbed from $0.52 on May 9 to $2.15 at the time of 
writing, a gain of more than 313%, according to Google Finance.
The announcement follows early April reports that American Bitcoin was 
considering an initial public offering (IPO).
_Gryphon Digital Mining share price. Source:__Google Finance_
American Bitcoin is a majority-owned subsidiary of energy infrastructure, 
crypto mining, and data center firm Hut 8. Hut 8 CEO Asher Genoot said the 
company aims to make American Bitcoin &#8220;a purpose-built vehicle for low-cost 
Bitcoin accumulation at scale.&#8221; He added:
&gt; &#8220;By taking American Bitcoin public, we expect to unlock direct access to 
&gt; dedicated growth capital independent of Hut 8&#8217;s balance sheet, while 
&gt; preserving long-term exposure to Bitcoin upside for our shareholders.&#8221;
_**Related:**__**Top Bitcoin miners produced nearly $800M of BTC in Q1 2025**_
## Shareholders and post-merger structure
According to the announcement, existing American Bitcoin shareholders will own 
roughly 98% of the newly formed company. Following the transaction, the new 
company will control most of the outstanding stock.
Hut 8 will continue to manage American Bitcoin&#8217;s infrastructure and operations 
through long-term commercial agreements. Those deals are expected, according 
to the announcement, to generate stable, contracted revenue streams for Hut 
8&#8217;s power and digital infrastructure segments.
_**Related:**__**Bitcoin miner Hut 8 grows hashrate 79% despite $134M 
quarterly loss**_
## What is American Bitcoin?
Hut 8 acquired a majority stake in American Bitcoin when it was unveiled at 
the end of March, with backing from several members of Trump&#8217;s family. The 
company, formerly known as American Data Center, was founded by a group of 
investors, including Trump&#8217;s sons, Donald Trump Jr. and Eric Trump.
Following the deal, American Bitcoin took ownership of Hut 8&#8217;s Bitcoin mining 
hardware. The announcement at the time explained that the new firm &#8220;aims to 
become the world&#8217;s largest, most efficient pure-play Bitcoin miner while 
building a robust strategic Bitcoin reserve.&#8221;
_**Magazine:**__**Bitcoiners are &#8216;all in&#8217; on Trump since Bitcoin &#8217;24, but it&#8217;s 
getting risky**_

Trump-linked miner American Bitcoin going public via Gryphon merger

In the next few days, the altcoin market is gearing up for a range of major 
events in the crypto space that could potentially influence price action and 
market sentiment. Here are just a few major token events to look…

What to expect in the week ahead for the altcoin market: KAITO, STX and more

Strategy, the company formerly known as MicroStrategy, has purchased an 
additional 13,390 Bitcoin for roughly $1.34 billion, according to a May 12 SEC 
filing. The purchase brings the firm’s total holdings to 568,840 Bitcoin 
(BTC), worth over $59 billion at…

Strategy buys $1.34b more Bitcoin, total holdings near $60b

The Dow Jones Industrial Average soared more than 1,000 points, while the S&amp;P 
500 and Nasdaq opened higher amid a massive market reaction to news of a trade 
deal between the United States and China. Global stocks, having fluctuated 
heavily…