The Staggering 89% Rejection Of Digital Assets

UAE has officially authorized AE Coin for federal government payments.The initiative is expected to enhance smart government services, and secure payments. The

The post Nasdaq Firm Targets $500M SOL Reserve As Corporate Crypto Treasuries Boom appeared on BitcoinEthereumNews.com. Corporate cryptocurrency treasuries continued their growth trajectory this week, as publicly listed US companies continued announcing plans to raise hundreds of millions for altcoin treasury reserves. On Monday, Nasdaq-listed Helius Medical Technologies announced the launch of a $500 million corporate treasury initiative built around the Solana token (SOL), signaling more corporate crypto adoption. A day later, Standard Chartered’s venture arm, SC Ventures, announced plans to raise $250 million in capital for a digital asset investment fund, set to launch in 2026 and backed by Middle East investors with a focus on global investment opportunities. On the regulatory front, the US Securities and Exchange Commission (SEC) issued new generic listing standards meant to speed up reviews for spot crypto exchange-traded funds (ETFs) on exchanges including the Nasdaq, NYSE Arca and Cboe BZX.  The SEC approved the new standards along with Grayscale’s Digital Large Cap Fund (GLDC), which marks the approval of the first multi-asset crypto exchange-traded product (ETP) in the US. Source: Peter Mintzberg Nasdaq-listed Helius announces $500 million funding for Solana treasury Nasdaq-listed Helius Medical Technologies is launching a $500 million corporate treasury reserve built around Solana, making it one of the largest Solana-focused treasury initiatives to date. The company announced Monday that it priced an oversubscribed private investment in public equity (PIPE) offering of common stock at $6.88 per share, along with stapled warrants exercisable at $10.12 for three years. The deal includes $500 million in equity and up to $750 million in warrants, assuming full exercise. Helius said it will use the net proceeds of the offering to establish a crypto treasury strategy with the Solana (SOL) token as its main reserve asset. The company said it will “significantly scale holdings over the next 12-24 months via best-in-class capital markets program incorporating ATM sales and other proven strategies.”…

The post What If You Bought Bitcoin (BTC) the Day Michael Saylor Did and Never Sold It? appeared on BitcoinEthereumNews.com. On Aug. 11, 2020, Michael Saylor made