Day: September 5, 2025

TLGY, StablecoinX raise $530M PIPE as Ethena USDe hits $12B

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StablecoinX and TLGY Acquisition have secured an additional $530 million in financing to buy digital assets, bringing total commitments to $890 million ahead of a planned merger and Nasdaq listing. The combined company, to be renamed StablecoinX Inc., is set to hold more than 3 billion ENA, the native token of the Ethena protocol. According to the company, it will be the first dedicated treasury business for the Ethena ecosystem, which issues the USDe and USDtb stablecoins. The capital was raised through a private investment in public equity (PIPE) transaction,…

Major Wall Street Banks say Two or More Rate Cuts Likely in 2025

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Several financial institutions and market analysts are now projecting the US Federal Reserve, the country’s central bank, will slash interest rates from the current target rate of 4.25%-4.5% at least twice in 2025. The banking forecasts followed a weak August jobs report that saw only 22,000 jobs added for the month, versus expectations of about 75,000. Analysts at Bank of America, a banking and financial services company, reversed their long-held stance of no rate cuts in 2025 and are now projecting two 25 basis point (BPS) cuts, one in September…

Nasdaq’s Listing Overhaul Could Raise the Bar for Crypto Treasuries

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Nasdaq’s newly proposed listing rules may give established digital asset treasury firms an edge, while raising new barriers for smaller players looking to incorporate cryptocurrencies into their balance sheets. The changes, announced Wednesday, include lifting the minimum public float to $15 million and fast-tracking delistings for companies that fall out of compliance. According to Brandon Ferrick, general counsel at Web3 infrastructure company Douro Labs, the proposed changes are unlikely to hurt well-managed digital asset treasury firms. Instead, they give stronger players a trading premium. “You can expect the best names…

Strategy confirms Bitcoin purchases are unaffected by new Nasdaq rules

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Key Takeaways Strategy’s Bitcoin purchases remain unaffected by new Nasdaq regulations. Nasdaq now requires shareholder approval before companies can issue new shares for crypto purchases. Share this article Strategy confirmed today that Nasdaq’s new regulations on digital asset treasury formations will not impact its operations, including ATMs and capital markets activities. This indicates that its Bitcoin accumulation plans remain unaffected. Nasdaq’s new position on digital asset treasury formations doesn’t affect Strategy, our ATMs or our other capital markets activities. — Strategy (@Strategy) September 5, 2025 The stock exchange reportedly introduced…

Kyle Samani set to chair $1B Solana treasury backed by Multicoin, Galaxy, and Jump

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Key Takeaways Multicoin’s Kyle Samani is expected to chair a $1B Solana treasury backed by Galaxy and Jump. The fund would surpass Upexi’s $400M NAV, making it the largest Solana treasury so far. Share this article Kyle Samani is expected to become chairman of a Solana-focused digital asset trust backed by Multicoin, Galaxy, and Jump Trading, according to a Blockworks report. The firm would be formed via a takeover of a publicly traded entity, though the deal has not yet closed. A $1 billion raise would more than double Upexi’s…

SOL Strategies secures Nasdaq listing under STKE

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Key Takeaways SOL Strategies will list shares on Nasdaq under the ticker STKE on September 9, while delisting from OTCQB. CEO Leah Wald said the move validates the Solana ecosystem and strengthens institutional access to staking. Share this article SOL Strategies has secured approval to list its shares on the Nasdaq Global Select Market under the ticker STKE, with trading set to begin September 9, 2025. 1/ 🚨Major Milestone Alert! SOL Strategies approved for @NasdaqExchange Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday, September…

SEC launches task force to crack down on cross-border fraud

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Key Takeaways The SEC formed a Cross-Border Task Force to address fraud by foreign-based companies. The unit will investigate schemes such as pump-and-dumps and examine auditors and underwriters. Share this article The US Securities and Exchange Commission today announced the creation of a cross-border task force aimed at combating fraud. The unit will investigate foreign-based companies for securities violations, including pump-and-dump schemes, while scrutinizing auditors and underwriters that help them access US markets. Chairman Paul Atkins said the SEC “will not tolerate bad actors” exploiting borders to evade oversight. Enforcement…

SpaceX reaches 500 orbital rocket launches and landings

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Key Takeaways SpaceX has achieved a combined total of 500 orbital rocket launches and landings. This milestone showcases SpaceX’s leadership in reusable rocket technology, enabling boosters to return and land vertically. Share this article SpaceX reached 500 orbital rocket launches and landings today, marking a milestone for the private space company. The achievement encompasses the company’s combined total of orbital rocket launches and successful landings since it began operations. SpaceX has pioneered the development of reusable rocket technology, allowing boosters to return to Earth and land vertically for potential reuse…

Bitwise registers Avalanche ETF in Delaware

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Key Takeaways Bitwise has registered a trust in Delaware for a potential spot Avalanche (AVAX) ETF. The Bitwise Avalanche ETF would expand Bitwise’s lineup of crypto investment products if approved. Share this article Bitwise Asset Management has registered an Avalanche exchange-traded fund in Delaware as the fund manager seeks to expand its lineup of single-crypto investment products beyond Bitcoin and Ethereum. The trust entity, called “Bitwise Avalanche ETF,” was registered on September 5. The move signals that Bitwise will soon submit a registration statement to the SEC in a bid…

Bitcoin, altcoins tumble as weak job numbers stoke recession fears

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Key Takeaways Bitcoin and altcoins dropped after weak US jobs data heightened recession concerns. Markets anticipate a Federal Reserve rate cut in September as economic risks increase. Share this article The price of Bitcoin fell below $110,500 on Friday morning as August jobs data came in weaker than expected, which fueled concerns about a looming recession. Altcoins also saw gains erased as market volatility intensified. The US economy added 22,000 jobs in August, far below expectations and down from 79,000 in July, the Bureau of Labor Statistics reported. The unemployment…