Category: Reviews

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…

Justin Sun calls on World Liberty to unlock frozen tokens, pledges $20M buy

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Key Takeaways World Liberty blacklisted Justin Sun’s wallet Thursday, freezing 540M unlocked and 2.4B locked WLFI tokens worth more than $3B. Sun called the move “unreasonable” in an open letter and pledged to buy $10M in WLFI and $10M in ALTS stock to show continued support. Share this article Justin Sun has called on World Liberty Financial (WLFI) to reverse the blacklisting of his address, which froze more than $3 billion worth of unlocked and locked WLFI tokens Thursday afternoon. To the World Liberty Financials team and the global community,…

SEC and CFTC explore ways to bring perpetual contracts onshore

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Key Takeaways The SEC and CFTC plan to harmonize regulations to bring perpetual contracts and 24/7 trading back to US markets. The agencies are considering frameworks for DeFi, portfolio margining, and safe harbors for peer-to-peer crypto asset trading. Share this article The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are considering steps to allow perpetual contracts to trade on US platforms as part of an ongoing push to harmonize oversight and onshore crypto-style products. The agencies announced on Friday that they will hold a joint…

Hyperliquid to cut fees and put USDH stablecoin up for validator vote

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Key Takeaways Hyperliquid is initiating an on-chain validator vote to select a team for the USDH stablecoin ticker. The protocol will reduce spot trading fees by 80% to enhance liquidity and user experience. Share this article Hyperliquid will implement reduced fees for spot trading pairs and open a validator voting process for its USDH stablecoin ticker, the project announced on Discord. The protocol plans to cut taker fees, maker rebates, and user volume contributions by 80% for spot pairs between two spot quote assets in its next network upgrade to…

Tether in talks to invest in gold miners as its gold reserves hit $8.7 billion

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Key Takeaways Tether is actively exploring investments in the gold mining industry to diversify its holdings. The company operates both USDT and XAUt tokens, with huge gold reserves and a growing presence in commodity markets. Share this article Tether is exploring investments across the gold industry, from mining and refining to trading and royalty companies, the Financial Times reported Thursday. The leading stablecoin issuer, which runs a gold-backed stablecoin called XAUt, is said to have engaged with mining and investment groups over investment opportunities. One of them was Terranova Resources,…