Most DATs now trade below the value of their crypto holdings, weakening a financing model that once helped companies expand their balance sheets.
Sequans exits Bitcoin treasury strategy after selling remaining 314 BTC
The France-based semiconductor company has fully unwound a Bitcoin treasury that once held more than 3,200 BTC as more firms scale back crypto holdings.
SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume.
New York sues Polymarket over alleged illegal gambling business
The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.
IBM opens beta Swift ledger link for 24/7 tokenized deposits
IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes.
Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand
Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships.
HIFI raises $37M to expand stablecoin payments, tokenized markets
HIFI CEO Zach Walsh told Cointelegraph the $37 million Series A is the company’s first priced funding round, though HIFI did not disclose its valuation.
Era of pure crypto exchanges is ending, Bybit CEO says
Bybit’s global campaign positions it as a broader financial platform, though its stock, gold and forex derivatives were already available.
EU banking watchdog calls for crypto lending rules under MiCA
The EBA outlined potential rules for crypto lending and firms providing access to DeFi protocols as part of the European Commission’s MiCA review.
Bitcoin falls below $84K as 10-year Treasury yield hits 19-year high
Bitcoin traded near $83,200 as Fed hike odds reached about 75% and Treasury prepared a $6 billion buyback of long-dated bonds.