**Crypto Industry Sees Major Moves: Bitwise, Bitfarms, Tether, and Polychain Make Headlines**

The crypto world is buzzing with activity this week as companies refine their strategies amid growing blockchain adoption.

- **Bitwise Expands in Europe**: San Francisco-based Bitwise has acquired London’s ETC Group, adding nine European-listed crypto products to its portfolio. This move boosts Bitwise's assets under management to over $4.5 billion.

- **Bitfarms' Big Deal**: Crypto miner Bitfarms announced a $125 million acquisition of Stronghold Digital Mining. The deal includes $50 million in debt and could expand Bitfarms' energy capacity to over 950 megawatts by 2025.

- **Tether's UAE Stablecoin**: Tether is launching a stablecoin pegged to the UAE dirham, backed by local reserves. The initiative is in partnership with UAE-based Phoenix Group and Green Acorn Investments.

- **Polychain's Bitcoin Bet**: Polychain Capital led a $6.7 million investment in Corn Network, a Bitcoin-centric yield platform. The funding aims to develop DeFi applications on the Bitcoin blockchain.

Stay tuned for more updates as the crypto landscape continues to evolve.