According to @BTC_Archive, Bitwise became the first spot Bitcoin ETF to complete an in-kind exchange, enabling institutions to swap BTC directly for ETF shares; source: Bitcoin Archive on X. The post specifies that the exchange was in-kind and applies to institutional participants executing BTC-for-shares swaps; source: Bitcoin Archive on X. No additional details on timing, volume, or participating counterparties were provided in the post; source: Bitcoin Archive on X.

According to @bobbyong, Legion has completed a successful fundraise and aims to bring back ICOs, with offerings expected to happen via Legion soon, based on his X post dated Aug 20, 2025. According to @bobbyong, he congratulated @mattyTokenomics and @D0itdifferent for the raise, indicating their involvement with Legion, per the same post. According to @bobbyong's post, no raise amount, valuation, token ticker, or launch timeline were disclosed, so traders focused on primary issuance should monitor official Legion updates for allocation mechanics, whitelists, and listing venues before positioning.