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Bitcoin’s supply–demand balance narrowed further last week as corporate treasuries captured a dominant share of new issuance. Last week, two publicly traded firms, Strategy and Tokyo-listed Metaplanet, purchased more than $230 million worth of BTC. According to their separate announcements, their combined acquisitions, totaling 2,091 BTC, represented about two-thirds, or 66%, of all coins...
Nasdaq is seeking regulatory approval to introduce tokenized versions of stocks and exchange-traded funds (ETFs) onto its existing trading platform. On Sept. 8, Tal Cohen, Nasdaq’s president, outlined the vision in a LinkedIn statement, explaining that the plan is designed to capture the efficiency gains of tokenization while preserving investor rights and market safeguards built over decades....
BitMine has crossed a new milestone, building its Ethereum reserves to more than 2 million ETH and solidifying its role as the largest corporate holder of the asset. The company announced on Sept. 8 that its balance sheet now exceeds $9.21 billion, split between holdings of 2,069,443 ETH, 192 Bitcoin, and $266 million in cash. These significant holdings now make it the second global treasury...
U.S. spot Ethereum ETFs have posted about $1 billion in net outflows, days after taking in roughly $1.4 billion during the prior week. The swing centers on primary market creations and redemptions that have become the main conduit for institutional ETH exposure in the U.S. Per SoSoValue’s U.S. ETH ETF dashboard, cumulative net outflows across the eight-day window from Aug. 29 to Sept. 5 were...
Grayscale Investments has filed fresh paperwork with the US Securities and Exchange Commission (SEC), seeking to convert its Chainlink Trust into an exchange-traded fund ETF). The filing, submitted Sept. 5, would allow the $28.7 million vehicle to trade on NYSE Arca under the ticker GLNK once approved. The company said the shift is designed to give investors regulated access to Chainlink’s price...
Forward Industries’ (FORD) stock price more than doubled after the company revealed plans to launch a $1.65 billion Solana treasury program. The rally followed news that Forward Industries had secured private placement commitments in cash and stablecoins from several industry giants, including Galaxy Digital, Jump Crypto, Multicoin Capital, and C/M Capital Partners, LP, one of its largest...
El Salvador has added 21 Bitcoin to its national holdings in a symbolic move to celebrate the fourth anniversary of adopting Bitcoin as legal tender. President Nayib Bukele disclosed the purchase in a Sept. 7 post on X, noting that the acquisition coincided with “Bitcoin Day,” when the country formally approved the crypto in 2021. With this addition, El Salvador’s Bitcoin treasury now stands at 6...
Stablecoins are finally reaching product market fit in the West. While stablecoins have found considerable usage and impact throughout the developing world, the US, UK, and Europe have lagged behind in terms of true market adoption due to unclear regulations and the strength of the existing digital payments infrastructure, especially in Europe and the UK. Now, though, in 2025, Congress enacted...
Hyperliquid’s governance token HYPE climbed above $50 during Asian trading hours, boosted by new bids to manage the decentralized exchange’s proposed stablecoin, USDH. According to CryptoSlate’s data, the token gained more than 7% in the last 24 hours to reach $50.08, edging close to its August peak of $51. This upward momentum reflects confidence in Hyperliquid’s stablecoin strategy, which has...
Christian Catalini, co-creator of Meta’s now-defunct Libra project, took to X to explain how Stripe’s Tempo blockchain fails one of the basic tenets of the crypto movement: decentralization. In fact, Catalini believes that if Stripe’s Tempo succeeds commercially, it would mean that early crypto idealists will have to embrace a future where the original ethos of decentralization is lost. Catalini...