Switzerland-based cryptocurrency wealth management platform SwissBorg has said a partner API used for its SOL Earn product was compromised, leading to the loss of around 193,000 SOL and affecting under 1% of the platform’s users.

CoinShares, one of Europe’s top digital asset managers, is heading to Wall Street through a $1.2 billion merger with Vine Hill Capital Investment Corp., a special purpose acquisition company (SPAC) listed on Nasdaq.

Ripple’s banking partnerships within Europe are expanding, with the latest addition being a new agreement with Spanish banking giant BBVA. The deal will see the bank integrate Ripple’s digital assets custody technology into its retail bitcoin and ether trading service.

Top stories in the Crypto Roundup today:

• SwissBorg Loses 193K SOL in API Breach, Pledges User Recovery
• CoinShares to Go Public in U.S. via $1.2B SPAC Merger With Vine Hill
• Ripple Expands EU Banking Reach With BBVA Crypto Custody Deal

SwissBorg Loses 193K SOL in API Breach, Pledges User Recovery

Switzerland-based cryptocurrency wealth management platform SwissBorg has said a partner API used for its SOL Earn product was compromised, leading to the loss of around 193,000 SOL and affecting under 1% of the platform’s users.

The firm added in a post on social media it’s allocating its SOL Treasury so “users recover a significant portion of their balance,” with exact figures set to be finalized at a later date.

It’s also contacting white hat hackers in a bid to attempt to recover the stolen funds. The company’s CEO, Cyrus Fazel, sent out an update in which he said the SwissBorg community wouldn’t take losses from the breach, as “any gap in recovered funds will be covered.”

CoinShares to Go Public in U.S. via $1.2B SPAC Merger With Vine Hill

CoinShares, one of Europe’s top digital asset managers, is heading to Wall Street through a $1.2 billion merger with Vine Hill Capital Investment Corp., a special purpose acquisition company (SPAC) listed on Nasdaq.

The deal will shift CoinShares’ public listing from Stockholm to New York, giving the firm broader access to U.S. capital and a deeper investor base. It also puts the company in closer competition with U.S. heavyweights like Grayscale and BlackRock. CoinShares currently manages $10 billion in crypto assets and offers 32 exchange-traded products (ETPs) tracking assets such as bitcoin, ether and solana. The company holds a 34% share of the ETP market across Europe, the Middle East and Africa.

CoinShares CEO Jean-Marie Mognetti said the move is a signal that digital assets are entering a more mature phase as U.S. regulations become clearer. “A U.S. listing will reinforce our credibility and expand our reach,” he said in a statement.

For investors, the shift could mean greater access to regulated crypto investment vehicles with established performance. CoinShares reported a 76% adjusted EBITDA margin in the first half of 2025—unusually high for the sector.

The merger has been approved by both companies' boards and is expected to close by the end of 2025. If completed, CoinShares will trade under a new parent company called Odysseus Holdings Limited.

Ripple Expands EU Banking Reach With BBVA Crypto Custody Deal

Ripple’s banking partnerships within Europe are expanding, with the latest addition being a new agreement with Spanish banking giant BBVA. The deal will see the bank integrate Ripple’s digital assets custody technology into its retail bitcoin and ether trading service.

The new partnership is being announced at a time in which European banks are adapting to the bloc’s Markets in Crypto assets (MiCA) regulation, which sets a standard for digital asset offerings across the EU.

The fintech firm’s custody offering was created after its acquisition of Swiss crypto custody specialist Metaco, which had signed BBVA as a client.

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