StablecoinX Launches With $360 Million Backing for Ethena Treasury
TLGY Acquisition Corp. will merge with SC Assets to create StablecoinX, a company focused on building an ENA treasury. Backed by $360 million in PIPE financing, the venture aims to secure a major stake in Ethena’s stablecoin ecosystem. ENA Treasury to be Powered by...
Tokyo-Listed AI Firm to Acquire 3,000 BTC in Yearlong Crypto Strategy
Tokyo Stock Exchange-listed AI solutions provider, Quantum Solutions, announced on July 23 its entry into the cryptocurrency investment business with an ambitious goal to hold up to 3,000 BTC within the next 12 months. The company justifies this move by citing the...
Michael Saylor’s Strategy upsizes ‘stretch’ preferred stock sale to $2.8 billion
Michael Saylor’s Strategy launched and upsized a new preferred stock offering from $500M to $2.8 billion. The ‘Stretch’ security promises a hefty 9% annual payout with no end date and a flexible, adjustable dividend. The deal is the latest in Saylor’s years-long...
SEC Seeks Candidates for All 5 Audit Oversight Board Seats
The U.S. Securities and Exchange Commission has officially launched its search for five new members, including the chairperson, to lead the Public Company Accounting Oversight Board (PCAOB) in a pivotal period of fiscal scrutiny and investor protection. SEC Chairman...Interesting 13
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