Thiel exits ETH Treasury

Peter Thiel's Founders Fund has fully exited ETHZilla Corp. (ETHZ), cutting its stake from 7.5% to zero, according to an SEC filing released Tuesday. ETHZilla, which rebranded from a biotech firm in August to buy Ether, has already sold $114.5 million of its holdings since October to fund stock repurchases and pay down debt.

With investor skepticism toward the DAT model peaking, the company (like others) has started to shift gears recently by launching a new Aerospace subsidiary that offers tokenized access to equity in leased jet engines. Read more →

Two interesting nuggets from the latest Q4 2025 IBIT 13F filings. Jane Street – the same trading desk that’s rumored to have been manipulating BTC prices every morning – shows up as the no. 2 IBIT buyer in the quarter. The largest entrant, on the other hand, is a seemingly mysterious Hong Kong–based entity called Laurore Ltd. with a single holding, IBIT, worth about $436 million.

Bitwise’s Jeff Park tried to connect dots (offshore wrappers, possible China-linked demand). And while that’s certainly compelling, none of it is something you can prove from a filing alone. What is clear? While bitcoin was in a corrective, fear-heavy stretch, some very large players were building exposure. Read more →

Wall Street is trying to turn prediction markets into a mainstream product right as the legal ground under them is still shifting. Bitwise, Roundhill, and GraniteShares have filed for election-linked prediction market ETFs tied to the 2026 midterms and the 2028 presidential race – a bet that demand and liquidity will be there (especially from hedge funds and quants) as election uncertainty ramps up. Read more →

At the same time, platforms like Kalshi and Polymarket are fighting a growing state-by-state crackdown over whether these contracts are “markets” or just gambling, with ~20 federal lawsuits now probing who should regulate them. This week, the CFTC jumped in on the platforms’ side, arguing states are overreaching.

📥️ Want to advertise in CoinSnacks? Learn More