MSCI decided to maintain Digital Asset Treasury Companies, including MicroStrategy, in its indexes, leading MSTR shares to rise 6% in after-hours trading. The decision follows MSCI’s statement that differentiating between investment companies and core-operation digital asset holders requires more research. Other DATs, such as Bitmine Immersion, Sharplink, and Twenty One Capital, also gained modestly. Bitcoin rose about 1% to $93,500. KuCoin recorded $1.25 trillion in total trading volume in 2025, evenly split between spot and derivatives, with altcoins dominating trades. Despite mid-year volume softness, KuCoin maintained strong baseline activity, highlighting sustained user engagement.