Nasdaq-listed KindlyMD Plans $5B Equity Raise For Bitcoin Treasury

Nasdaq-listed KindlyMD Plans $5B Equity Raise For Bitcoin Treasury

KindlyMD , the Nasdaq-listed health-care company that recently merged with bitcoin treasury firm Nakamoto, is set to offer as much as $5 billion in equity to fund the purchase of more BTC.

The Salt Lake City-based firm filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) for an at-the-market equity offering program.

The program will allow the company to sell common stock with timing and amounts to be determined by a variety of factors, including market prices, the company said on Tuesday.

The funds also be used for general corporate purposes, such as acquisitions of businesses, assets or or technologies. KindlyMD commenced its bitcoin treasury strategy earlier this month, making its first acquisition of 5,743.91 BTC ($635.4 million) on or around Aug. 19.

Metaplanet Board Approves Plan To Raise $880M, Earmarks $835M For BTC Buys

Japanese investment company Metaplanet approved a plan to raise $880 million through an overseas share issuance, with almost $835 million set aside for Bitcoin purchases.

According to a Wednesday filing, the company plans to issue up to 555 million new shares, which could increase its total outstanding stock from 722 million to about 1.27 billion shares. The issue price will be determined Sept. 9-11, with payments scheduled to settle shortly after.

Metaplanet said the bulk of the funds will go toward acquiring additional Bitcoin, adding to its existing treasury reserves of 18,991 BTC valued at around $2.1 billion. The company said the strategy is designed to protect against Japan’s weak yen, mitigate inflation risks and enhance corporate value.

USDT0 & XAUt0 Stablecoins Launch On Polygon Network

Polygon, a layer-2 (L2) scaling solution for Ethereum, is about to upgrade to the USDT0 standard, the unified liquidity network that introduced the omnichain versions of Tether’s USDT and XAUT.

USDT0 (USDT0) and XAUt0 (XAUt0), cross-chain liquidity stablecoins enabled by LayerZero’s Omnichain Fungible Token (OFT), are launching on the Polygon blockchain, USDT0 operator Everdawn Labs announced on Wednesday.

The integration marks a milestone for XAUt0, with Polygon becoming its third blockchain integration following XAUt0’s debut on TON and Hyperliquid’s HyperEVM.

For USDT0, Polygon becomes the 11th supported blockchain, reflecting the stablecoin’s design to provide the “interoperability backbone” for Tether USDt

Crypto.com’s Cronos Jumps On Trump Media Group CRO Strategy News

Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch.

On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition.

The news has sparked mixed reactions within the community as some CRO holders were optimistic, while others expressed skepticism toward the influence of political figures.

Base Claims Top 3 Spot In 30-day NFT Volume: DappRadar

Coinbase layer-2 network Base took the third spot in non-fungible token (NFT) trading volume after a 70% surge in the last 30 days.

Decentralized application data aggregator DappRadar showed that Base’s NFT volume reached $47.67 million, increasing by 70% over the past month.

The increase pushed the network ahead of many competitors in the NFT space, including Immutable zkEVM and Solana, which are ranked fourth and fifth by 30-day volume.

Collections like Get Based, DX Terminal and Based Style collectively recorded about $25 million in NFT trading volume, driving the surge in digital collectible trading activity on the network.

Mastercard & Circle Roll Out Stablecoin Settlement In EEMEA

A major shift is happening in global payments as Mastercard and Circle launch USDC and EURC settlement across Eastern Europe, the Middle East, and Africa, according to a joint press release issued August 26.

For the first time, acquirers and merchants in the region can now complete transactions directly in stablecoins.

The move answers a growing demand for faster, cheaper, and safer digital settlement in rapidly expanding markets. It also shows how blockchain and traditional finance are merging in real time.

REX-Osprey Plans BNB ETF With Staking Rewards

REX Shares, together with Osprey Funds, has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch a new cryptocurrency exchange-traded fund (ETF) focused on BNB.

The proposed ETF aims to let investors directly track the price of BNB, which is the main cryptocurrency of the BNB Chain created by Binance. This would be the first U.S. ETF to offer both direct exposure to BNB and staking rewards.

According to the N-1A filing, the ETF would trade on the Cboe BZX Exchange, store BNB with a crypto custodian, and may allow third-party validators to handle staking, including some with small ties to REX affiliates.

A large portion of BNB in the fund could be staked to earn extra rewards, while the fund will ensure liquidity by keeping most of its assets easily tradable. It will limit illiquid holdings to 15%, since BNB takes seven days to unbond.

Bitwise First In Line To File For Spot Chainlink ETF

Bitwise Asset Management filed to launch an exchange-traded fund that holds and tracks the self-titled native token of the crypto oracle platform Chainlink.

A filing with the US Securities and Exchange Commission on Tuesday shows the fund would trade as the Bitwise Chainlink ETF, with Coinbase Custody named as the custodian for the fund.

The ETF plans to hold and offer in-kind creation and redemption for Chainlink (LINK), allowing investors to buy and sell shares using the LINK token.

Bitwise did not disclose the ticker symbol, the exchange its ETF will be listed on or what fee it would charge.

Japan’s Monex Group Eyes Yen-backed Stablecoin Launch

Tokyo-based financial company Monex Group is thinking about launching a stablecoin, which will be pegged to the Japanese yen.

The stablecoin would be backed by assets like Japanese government bonds and could be exchanged 1:1 for yen. It could be used for things like international money transfers and business payments.

Monex plans to use its local crypto exchange, Coincheck, and its securities business to grow this initiative. The company is also considering buying European crypto companies, with an announcement expected soon.

KuCoin Becomes First Exchange to Support Thailand’s Historic G-token

KuCoin is the first global cryptocurrency exchange to support Thailand’s G-Token program. The G-Token is the world’s first tokenized government bond listed on a digital asset exchange.

It is issued by Thailand’s Ministry of Finance under the Public Debt Management Act. Both retail and institutional investors can buy it, with principal and interest guaranteed.

As per the official announcement, KuCoin has joined a consortium with XSpring Digital, KuCoin Thailand, SIX Network, and Krungthai XSpring. KuCoin Thailand, licensed by the Thai SEC, will handle subscription, redemption, and listing of G-Tokens. With regulatory approval, the G-Token may also be listed on KuCoin’s global platform.

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