DOJ Seizes 127,271 BTC
The US government’s bitcoin holdings jumped from ~$22 billion to ~$36 billion after a forfeiture tied to an alleged Cambodia-based scammer network led by former Chinese national Chen Zhi – a move the DOJ called its largest forfeiture action ever. In coordination with the UK, OFAC/FinCEN also imposed sanctions on 146 related targets within the group known as the Prince Group Transnational Criminal Organization. Reminder: In August, Treasury’s Scott Bessent said the US isn’t committed to buying bitcoin for a strategic reserve – these holdings are still simply the result of seizures, not policy. Read more →
Securitize eyeing public listing via Cantor Fitzgerald SPAC
Securitize, a blockchain firm that tokenizes real world investments, is eyeing a public listing via blank-check vehicle Cantor Equity Partners II, Inc (CEPT). Insiders are leaking that the deal could be valued north of $1 billion. Read more →
Metaplanet drops below mNAV
Metaplanet, a Japanese bitcoin treasury firm ranked #4 by holdings with over 30k BTC, saw its mNAV — a multiple that expresses enterprise value relative to the net asset value of its bitcoin holdings — fall to 0.99 today. Now, 0.99 isn’t too bad. The question is, will it continue to drop? Either way, Metaplanet now joins the company of Emprey, KindlyMD (Nakamoto), XXI, Bitcoin Standard Treasury Company and Satsuma Technology – in trading under their so-called mNAV. Read more →
Solana ETFs listings delayed as JPMorgan predicts the funds to net $1.5 billion in first year Link»
BoA, Goldman Sachs & other big banks 'jointly exploring' a stablecoin Link»
The stablecoin duopoly is ending Link»
Silicon Valley Doesn't Understand Money Link»
S&P Global and Chainlink launch on-chain stablecoin risk assessments Link»
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