Corporate cryptocurrency treasuries continued their progress trajectory this week, as publicly listed US firms continued asserting plans to boost a whole lot of hundreds of thousands for altcoin treasury reserves.
On Monday, Nasdaq-listed Helius Medical Technologies introduced the launch of a $500 million company treasury initiative constructed across the Solana token (SOL), signaling extra company crypto adoption.
A day later, Standard Chartered’s enterprise arm, SC Ventures, introduced plans to boost $250 million in capital for a digital asset funding fund, set to launch in 2026 and backed by Middle East buyers with a concentrate on international funding alternatives.
On the regulatory entrance, the US Securities and Exchange Commission (SEC) issued new generic itemizing requirements meant to hurry up critiques for spot crypto exchange-traded funds (ETFs) on exchanges together with the Nasdaq, NYSE Arca and Cboe BZX.
The SEC accepted the brand new requirements together with Grayscale’s Digital Large Cap Fund (GLDC), which marks the approval of the primary multi-asset crypto exchange-traded product (ETP) within the US.
Nasdaq-listed Helius declares $500 million funding for Solana treasury
Nasdaq-listed Helius Medical Technologies is launching a $500 million company treasury reserve constructed round Solana, making it one of many largest Solana-focused treasury initiatives up to now.
The firm introduced Monday that it priced an oversubscribed personal funding in public fairness (PIPE) providing of widespread inventory at $6.88 per share, together with stapled warrants exercisable at $10.12 for 3 years. The deal consists of $500 million in fairness and as much as $750 million in warrants, assuming full train.
Helius mentioned it can use the web proceeds of the providing to ascertain a crypto treasury technique with the Solana (SOL) token as its foremost reserve asset. The firm mentioned it can “considerably scale holdings over the subsequent 12-24 months by way of best-in-class capital markets program incorporating ATM gross sales and different confirmed methods.”
Helius may even discover staking and lending alternatives throughout the Solana ecosystem to generate further income from the SOL treasury, whereas sustaining a “conservative” danger profile, it mentioned.
Standard Chartered enterprise arm to boost $250 million for digital asset fund: Report
Standard Chartered’s enterprise arm is making ready to launch a $250 million digital asset funding fund in 2026, signaling rising institutional urge for food for digital belongings.
Standard Chartered’s SC Ventures plans to boost the capital to open the funding fund targeted on digital belongings within the monetary companies sector, Bloomberg reported Monday, citing working accomplice Gautam Jain.
Set to launch in 2026, the fund will probably be backed by Middle East buyers, with a concentrate on international funding alternatives, Jain advised Bloomberg.
SC Ventures’ plan follows a wave of company treasury companies constructing long-term accumulation methods, including to expectations that extra institutional inflows might enter the crypto market over the subsequent a number of years.
“Digital belongings proceed to be a excessive conviction theme for SC Ventures, evidenced by means of its digital asset-native ventures: Libeara, Zodia Markets, Zodia Custody and our current digital asset investments,” a consultant from SC Ventures advised Cointelegraph, including:
“We are frequently evaluating alternatives within the digital asset area, whether or not it’s by means of investments made immediately or by means of JVs.”
In addition to digital asset alternatives, the agency can also be “evaluating alternatives in dynamic areas, just like the Middle East and Africa,” the consultant added.
Ethereum’s Fusaka improve strikes to December, blobs to double after
Ethereum’s core builders have chosen early December for the tentative launch of the community’s subsequent main laborious fork, dubbed Fusaka, which goals to scale the community and make it extra environment friendly.
While the Fusaka improve will go stay on Dec. 3, the rise in blob capability will happen two weeks after, placing it round Dec. 17, adopted by one other blob capability laborious fork on Jan. 7, 2026.
Both the blob capability laborious forks will greater than double the present blob capability, in accordance to Ethereum researcher Christine D. Kim.
Before the improve goes stay on the Ethereum mainnet, three public testnets will probably be performed between early October and mid-November.
“The preliminary conclusion is that we will go forward with a Max blob depend of 15 for BPO1 [Blob Parameter Only] and Max blob depend of 21 for BPO2. There are a complete of 5 BPOs deliberate for Fusaka, so we will guarantee mainnet scales lots – safely,” Ethereum developer neighborhood ethPandaOps mentioned in an X put up on Thursday.
BPO (Blob-Parameter solely) forks solely change the parameters pertaining to blob targets and limits. These laborious forks don’t require any updates from the shopper aspect.
Blobs retailer massive knowledge units offchain, which makes layer-2 networks extra environment friendly whereas reducing the price of transactions.
Curve Finance neighborhood to vote on $60 million proposal to make CRV a yield-bearing asset
The Curve Finance decentralized autonomous group (DAO) is voting on a proposal that might open up new revenue streams for the protocol and its ecosystem.
The proposal, launched in August by founder Michael Egorov, would set up a $60 million credit score line of crvUSD for Yield Basis. Voting started on Wednesday, with 97% of votes forged in assist of the proposal on the time of writing.
Under the Yield Basis, holders of CRV who stake their tokens would obtain veCRV (vote-escrowed CRV) in return, primarily creating revenue for stakers. Yield Basis would return between 35% and 65% of its worth to holders of veCRV, whereas an extra 25% can be reserved for the ecosystem.
Egorov mentioned the credit score line can be sufficient to create swimming pools for 3 belongings: WBTC (WBTC), cbBTC (cbBTC) and tBTC (tBTC).
“In order to get extra incentives for Curve ecosystem in addition to to pay a payment for having Curve know-how (cryptopools) powering its core, Yield Basis makes an allocation equal to 25% of YB which Yield Basis liquidity suppliers are attending to Curve,” Egorov wrote within the proposal.
40% of Americans would use DeFi with legal guidelines in place: Crypto foyer ballot
More than 40% of Americans are open to utilizing decentralized finance (DeFi) protocols if proposed laws is made regulation, in line with a latest survey.
Crypto foyer group the DeFi Education Fund (DEF) present in a survey launched on Thursday that many Americans “are inquisitive about DeFi” as respondents signalled a low belief within the conventional finance system.
The survey was performed by Ipsos between Aug. 18 and 21, with 1,321 US adults polled. Ipsos Public Affairs vp Alec Tyson mentioned the research discovered “rising consciousness of cryptocurrency and decentralized finance as many Americans categorical frustrations with present monetary establishments’ skill to ship safety, personalised management and suppleness.”
40% of Americans open to DeFi
The ballot confirmed that 42% mentioned they’d probably strive DeFi if proposed laws have been handed into regulation, break up between 9% who mentioned they have been “extraordinarily or very probably” and 33% who responded they have been “considerably probably” to strive.
Congress is at present payments that may outline the authorized standing of many cryptocurrencies and specify how the nation’s monetary regulators divvy up policing the sector.
Two in 5, or 40%, of the respondents mentioned they’d “probably check out DeFi,” with 84% of these respondents saying they’d use it to make purchases on-line.
DeFi market overview
According to knowledge from Cointelegraph Markets Pro and TradingView, a lot of the 100 largest cryptocurrencies by market capitalization ended the week within the inexperienced.
The Aster (ASTER) token rose over 600% because the week’s greatest gainer within the prime 100, adopted by the Immutable (IMX) token, up over 50% throughout the previous week.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Join us subsequent Friday for extra tales, insights and schooling concerning this dynamically advancing area.
