If you blinked this week, you missed a lot. There’s been a wave of chaos!

Crypto and Wall Street are colliding harder than ever. From Tether-backed Bitcoin giants making their public debut to Solana suddenly becoming a corporate obsession

If you blinked this week, you missed a lot. A wave of crypto chaos has passed through Wall Street, leaving a trail of billion-dollar moves and surprising company pivots in its wake.

From Tether-backed Bitcoin giants making their public debut to Solana (CRYPTO: SOL) suddenly becoming a corporate obsession, the crypto heat is on. Old rules are getting rewritten, new power players are stepping in, and companies are juggling strategies like never before.

We’re about to break down the biggest shifts you need to know – and trust me, some of them are game-changing!

#1 Bitcoin Treasuries Are Booming

Move over, Michael Saylor – there’s a new player in town. Actually, make that several.

Twenty One Capital is set to become the third-largest Bitcoin (CRYPTO: BTC) treasury company as it prepares for a public listing through a merger with Cantor Equity Partners (NYSE:CEP).

The firm, backed by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, will begin trading on the New York Stock Exchange next week under the ticker XXI. It’s poised to hold at least 42,000 Bitcoin, valued at approximately $3.9 billion.

However, unlike MicroStrategy (NASDAQ:MSTR) and MARA Holdings (NASDAQ:MARA), which have focused on amassing as much Bitcoin as possible, the company’s CEO, Jack Mallers, is prioritizing two key metrics: Bitcoin per share (BPS) and Bitcoin return rate (BRR).

“We want our shareholders to get wealthier, get richer in Bitcoin terms,” Mallers said.

This unique approach, which diverges from the traditional route of applying for an ETF listing, could be a game-changer for investors interested in direct exposure to Bitcoin through the public markets.

The company is also planning to launch a new token, aiming to build a decentralized Web3 ecosystem.

As part of the merger agreement, Cantor Equity Partners will change its name to XXI and continue operating as a full-service investment bank.

The merger is still subject to approval by the U.S. Securities and Exchange Commission and Cantor Equity Partners’ shareholders.

#2 Upexi Announces $100M Solana Treasury

In a surprising move, paraxanthine-based energy supplements and mushroom products seller Upexi (NASDAQ:UPXI) announced plans to create a $100M Solana (CRYPTO: SOL) treasury.

The company, previously known for its role in the booming food and beverage sector, is now venturing into the cryptocurrency domain.

Announced during a presentation at the Benzinga Meetups Triple Header event in Boston on Thursday, Upexi’s plans involve a substantial investment of around $90M in SOL, adopting a “long-only” strategy.

Despite the company’s history in the food industry, the announcement had a strong focus on cryptocurrencies, with several slides dedicated to blockchain technology and its interest in the Solana ecosystem.

Upexi’s shares skyrocketed by a staggering 335% in response to the news.

#3 US Federal Reserve Eases Rules on Banks Holding Crypto, Stablecoins

The U.S. Federal Reserve has revoked two key supervisory guidelines that had been limiting banks from fully engaging with cryptocurrencies and stablecoins.

The move paves the way for greater participation by U.S. banks in the digital asset sphere.

The two guidelines, introduced in 2022, required banks to seek approval from the Federal Reserve before engaging in crypto-asset activities and imposed restrictions on the types of crypto assets that banks could hold.

Now, banks can begin such activities without prior notice to the Federal Reserve.

This decision reflects the central bank’s evolving approach to innovation and risks in the banking world.

The Trump administration had already initiated efforts to simplify regulations and support digital assets, setting the stage for this development.

Earlier this year, the administration announced plans for a national Bitcoin reserve and backed the Securities and Exchange Commission’s (SEC) policies toward cryptocurrencies.

These efforts are part of a broader shift in the U.S. government’s stance on cryptocurrencies.

#4 Semler Scientific Boosts Bitcoin Holdings to $314M As Investors Keen On Strategy

Investors appeared to be pleased with Semler Scientific (NASDAQ:SEML)’s strategy of investing in Bitcoin (CRYPTO: BTC) and a new generation of vision correction technology.

After reporting a smaller-than-expected loss for the first quarter and a nearly 400% surge in revenue, Semler Scientific saw its stock rise by 7% on Friday.

The firm, which began buying Bitcoin last year, now holds around $314 million in BTC on its books.

During Bitwise’s Investor Day on Friday, Chairman Eric Semler said: “You can sell or stop if you don’t like