Crypto & Fintech
Matador Technologies Holds 168 Bitcoin, 138 Pledged as Note Collateral
Matador Technologies’ shares closed at three Canadian cents on September 30, valuing the company at about C$5.25 million. Two days later it reported holding approximately 168 Bitcoin. Roughly 138 of those coins are pledged to a single lender, and the company’s own update says plainly that the leverage behind them cuts both ways. Matador Holds…
VersaBank Becomes Issuer of Bank of North Dakota’s Roughrider Coin
North Dakota has run its own state bank since 1919. As of Thursday, that bank has a stablecoin. The company minting it trades in Toronto. VersaBank Issues Bank of North Dakota’s Roughrider Coin, Now Live VersaBank (TSX: VBNK; Nasdaq: VBNK) is now the issuer of Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin, which went…
SonicStrategy Plans $4.5 Million Raise at $0.20, Half Payable in Crypto
SonicStrategy wants to sell new shares at 20 cents apiece. The debenture underneath almost all of its token treasury converts at US$4.50 a share, and only if the company reaches Nasdaq. Last week the Toronto company launched a financing that could add close to half its current share count, then spent about US$165,000 on a…
Roundtable Launches Real-Time USDC Ad Payments for Journalists
Ad payments on one media platform can take 90 days or more to reach the people who earned them. Roundtable’s version settles in USDC in real time. The next day, the Federal Reserve proposed its first rules for the companies that issue stablecoins. Roundtable Launches USDC Ad Payments for Journalists With Coinbase Roundtable (Nasdaq: RTB)…
Tenet Fintech Sells Chinese Lending Stake for C$10.2 Million
Tenet Fintech Group agreed on September 15 to sell its 51% stake in a Chinese lending subsidiary for C$10.2 million. Three days later, it signed a framework deal routing private equity deal sourcing for a Dubai royal family’s investment arm through the same data platform. One release wound down a regulated lending business built for…
Senate Fails to Advance CLARITY Act on 49-50 Cloture Vote
A microcap crypto infrastructure company just signed its fourth cooperation agreement with the same partner in under a year. The same week, the U.S. Senate killed the crypto industry’s biggest legislative priority in a single procedural vote. One story is about two small companies building something together. The other is about Washington failing to build…
Clarity Act’s New DeFi Rule and the House’s Vanishing Floor Time
The cloture vote we’ve tracked since Thune filed it back in early August finally has a bill text attached. Senate Republicans released a heavily rewritten version of the Clarity Act on Thursday, September 10, five days ahead of the September 15 procedural vote. A 630-Page Rewrite With Over 100 Changes Senate Republicans unveiled a revised,…
SkyAI Shareholders Campaign to Withhold Votes From Entire Board
A Solana treasury company’s own board is under open revolt from two of its largest shareholders, days before an annual meeting that could gut its leadership. The same week, one of Jack Dorsey’s companies applied for a federal bank charter that would let it custody Bitcoin and stablecoins under direct government oversight. Neither outcome is…
Strategy Buys $370M in Bitcoin, But Only 61% of What It Raised
Strategy raised $602.8 million last week. Bitcoin got $369.7 million of it. The rest went to three other places, and that split is the more interesting part of the filing. The First Bitcoin Purchase Since June 22 Strategy Inc. (Nasdaq: MSTR) disclosed in a Form 8-K filed August 31 that it bought 4,603 BTC for…
SEC Proposes First Transfer Agent Rule Overhaul Since the Late 1970s
A tokenization company we’ve covered before just signed a deal with one of the world’s most aggressive crypto regulators. The same week, the SEC proposed rewriting transfer agent rules that predate the fax machine, this time with blockchain recordkeeping built in. Different institutions. Same direction: tokenized securities getting real regulatory plumbing instead of workarounds. Follow-Up:…
