Author: James Wilson

VisionSys AI announced its plan to channel $2 billion into a Solana treasury, beginning with a $500 million staking allocation through Marinade Finance over the next six months. Summary VisionSys AI commits up to $2 billion to a Solana treasury, starting with $500 million to be staked through Marinade Finance. The Nasdaq-listed firm pivots from AI and biotech into blockchain-based reserves. VisionSys joins nearly 20 other companies holding a collective 20.9 million SOL tokens in corporate treasuries. According to a press release dated Oct. 1, the Nasdaq-listed firm, which specializes in brain-computer interface technology, will execute its Solana treasury strategy…

On September 23, Ian Calderon joined the Gubernatorial Elections in California. He vowed to ensure that Bitcoin would be on the state’s balance sheet if he were elected. However, many in the Bitcoin community are skeptical. Summary Calderon has a multi-year track record of advocating for crypto and Bitcoin in the California legislature. Calderon is trying to appeal to both Republicans and Democrats. The announcement of his gubernatorial campaign sparked mixed reactions from the crypto community. Who is Calderon? Calderon, a Democrat, drew scrutiny last week with his pro-crypto stance. Critics say his Bitcoin narrative is a PR stunt. Yet,…

Smart Digital Group faced a brutal investor revolt as its Nasdaq-listed shares imploded following a surprise announcement to establish a diversified cryptocurrency asset pool, a move markets likely viewed as a high-risk diversion. Summary Smart Digital Group stock collapsed 87% after announcing plans for a diversified crypto asset pool targeting Bitcoin and Ethereum. The move likely drew investor backlash due to vague details, diverging from peers that saw stock surges after similar pivots. Meanwhile, regulators are probing trading activity in companies adopting crypto treasury strategies, adding systemic risk to such moves. On Sept. 26, Smart Digital Group Limited (SDM) publicly…

Centrifuge, Janus Henderson, and S&P DJI launched SPXA, the first licensed tokenized S&P 500 index fund. Summary Centrifuge, Janus Henderson, and S&P DJI launched the first licensed S&P 500 index fund The SPXA index will track the S&P 500, making it available for DAOs and on-chain funds Tokenization is increasingly becoming mainstream on Wall Street. On Thursday, Sept. 25, Centrifuge announced the launch of the Janus Henderson Anemoy S&P 500 Fund (SPXA). The fund is the first S&P 500 index fund licensed by S&P Dow Jones Indices, a leading index provider. The move represents a significant milestone for real-world assets…

OpenAI and Nvidia have announced a blockbuster collaboration, with the global chipmaker committing to a $100 billion investment in the artificial intelligence company, whose chief executive officer, Sam Altman, is a co-founder of the Worldcoin cryptocurrency project. Summary OpenAI and Nvidia partner on a 10 gigawatts deployment of the AI chipmaker’s systems. Nvidia will invest up to $100 billion in OpenAI. Worldcoin price could rally amid the landmark collaboration. Worldcoin mirrored the broader weakness across the cryptocurrency market, declining by double digits to lows of $1.31. However, while the token remained close to a crucial support level, bulls were looking…