Corporate cryptocurrency treasuries continued their progress trajectory this week, as publicly listed US corporations continued asserting plans to boost lots of of tens of millions for altcoin treasury reserves.
On Monday, Nasdaq-listed Helius Medical Applied sciences introduced the launch of a $500 million company treasury initiative constructed across the Solana token (SOL), signaling extra company crypto adoption.
A day later, Commonplace Chartered’s enterprise arm, SC Ventures, announced plans to boost $250 million in capital for a digital asset funding fund, set to launch in 2026 and backed by Center East buyers with a concentrate on international funding alternatives.
On the regulatory entrance, the US Securities and Change Fee (SEC) issued new generic listing standards meant to speed up reviews for spot crypto exchange-traded funds (ETFs) on exchanges together with the Nasdaq, NYSE Arca and Cboe BZX.
The SEC authorized 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 broadcasts $500 million funding for Solana treasury
Nasdaq-listed Helius Medical Applied sciences is launching a $500 million company treasury reserve constructed round Solana, making it one of many largest Solana-focused treasury initiatives to this point.
The corporate announced Monday that it priced an oversubscribed non-public 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 stated it’ll use the web proceeds of the providing to ascertain a crypto treasury technique with the Solana (SOL) token as its major reserve asset. The corporate stated it’ll “considerably scale holdings over the following 12-24 months by way of best-in-class capital markets program incorporating ATM gross sales and different confirmed methods.”
Helius will 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 stated.
Commonplace Chartered enterprise arm to boost $250 million for digital asset fund: Report
Commonplace 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.
Commonplace Chartered’s SC Ventures plans to boost the capital to open the funding fund centered on digital belongings within the monetary companies sector, Bloomberg reported Monday, citing working companion Gautam Jain.
Set to launch in 2026, the fund will probably be backed by Center East buyers, with a concentrate on international funding alternatives, Jain instructed Bloomberg.
SC Ventures’ plan follows a wave of company treasury corporations constructing long-term accumulation methods, including to expectations that extra institutional inflows could enter the crypto market over the following a number of years.
“Digital belongings proceed to be a excessive conviction theme for SC Ventures, evidenced via its digital asset-native ventures: Libeara, Zodia Markets, Zodia Custody and our present digital asset investments,” a consultant from SC Ventures instructed Cointelegraph, including:
“We’re frequently evaluating alternatives within the digital asset area, whether or not it’s via investments made immediately or via JVs.”
Along with digital asset alternatives, the agency can be “evaluating alternatives in dynamic areas, just like the Center 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.
Whereas the Fusaka improve will go dwell 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.
Each the blob capability laborious forks will greater than double the present blob capability, according to Ethereum researcher Christine D. Kim.
Earlier than the improve goes dwell on the Ethereum mainnet, three public testnets will probably be carried out between early October and mid-November.
“The preliminary conclusion is that we are able to 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 are able to guarantee mainnet scales so much – safely,” Ethereum developer group ethPandaOps said 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 consumer facet.
Blobs retailer massive information units offchain, which makes layer-2 networks extra environment friendly whereas reducing the price of transactions.
Curve Finance group 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 would open up new earnings 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 Foundation. Voting started on Wednesday, with 97% of votes solid in assist of the proposal on the time of writing.
Below the Yield Foundation, holders of CRV who stake their tokens would obtain veCRV (vote-escrowed CRV) in return, basically creating earnings for stakers. Yield Foundation would return between 35% and 65% of its worth to holders of veCRV, whereas a further 25% can be reserved for the ecosystem.
Egorov stated the credit score line can be sufficient to create swimming pools for 3 belongings: WBTC (WBTC), cbBTC (cbBTC) and tBTC (tBTC).
“So as to get extra incentives for Curve ecosystem in addition to to pay a price for having Curve expertise (cryptopools) powering its core, Yield Foundation makes an allocation equal to 25% of YB which Yield Foundation liquidity suppliers are attending to Curve,” Egorov wrote within the proposal.
40% of People would use DeFi with legal guidelines in place: Crypto foyer ballot
Greater than 40% of People are open to utilizing decentralized finance (DeFi) protocols if proposed laws is made regulation, in keeping with a latest survey.
Crypto foyer group the DeFi Schooling Fund (DEF) present in a survey launched on Thursday that many People “are interested in DeFi” as respondents signalled a low belief within the conventional finance system.
The survey was carried out by Ipsos between Aug. 18 and 21, with 1,321 US adults polled. Ipsos Public Affairs vp Alec Tyson stated the examine discovered “rising consciousness of cryptocurrency and decentralized finance as many People categorical frustrations with present monetary establishments’ capacity to ship safety, customized management and adaptability.”
40% of People open to DeFi
The ballot confirmed that 42% stated they’d probably strive DeFi if proposed laws had been handed into regulation, break up between 9% who stated they had been “extraordinarily or very probably” and 33% who responded they had been “considerably probably” to strive.
Congress is presently payments that might 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 stated they’d “probably check out DeFi,” with 84% of these respondents saying they’d use it to make purchases on-line.
DeFi market overview
In keeping with information from Cointelegraph Markets Pro and TradingView, many 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 high 100, adopted by the Immutable (IMX) token, up over 50% through the previous week.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be part of us subsequent Friday for extra tales, insights and training concerning this dynamically advancing area.
