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Quick Take The Nasdaq-listed media and entertainment company has increased its digital asset treasury management authorization from $100 million to $250 million. As part of this program, the board approved a new NFT yield strategy and formed strategic partnerships with Dialectic’s Ryan Zurrer and Goff Capital’s Rhydon.
Cardano’s ADA token jumped to a four-month high of $0.92 following founder Charles Hoskinson’s announcement of an independent treasury audit to address fraud allegations involving 318 million ADA tokens.
Strategy added 6,220 Bitcoin for $740 million as price traded at new highs, and coincides with insider share sales from executives.
Nasdaq-listed GameSquare Holdings acquired $30 million worth of Ethereum and expanded its crypto investment authorization to $250 million. The company plans to leverage DeFi protocols for yield generation while building NFT portfolios.
With price pulling back slightly after touching a new all-time high, Bitcoin has hovered around $117k throughout the week. Capital flows remain robust. Profitability metrics have started to cool. Overall, market conditions reflect a healthy yet fragile balance.
- 23:32Overview of Major Overnight Developments on September 821:00 (UTC+8) - 7:00 Keywords: Saylor, Avenir, Nonfarm Payrolls 1. US Treasury bulls face a dual test of inflation and nonfarm payrolls revision this week; 2. Strategy founder Saylor makes his debut on the Bloomberg Billionaires Index; 3. Avenir currently allocates more than 80% of its portfolio to Bitcoin; 4. US poll: Trump’s approval rating is 43%, with the lowest recognition for handling inflation; 5. Besant: The annual nonfarm employment report may be revised down by as many as 800,000 jobs; 6. White House National Economic Council Director Hassett: I currently have no plans to reform the Federal Reserve; 7. Cathie Wood: The current unemployment rate is already higher than the peak of each cycle before 2008 to 2009, once again signaling a rate cut.
- 23:32The first DOGE ETF may be launched this week.Jinse Finance reported that Nate Geraci, President of The ETF Store, posted on X, stating, "The first DOGE ETF seems very likely to launch this week, the Rex-Osprey DOGE ETF (DOJE). I think the next two months will be crazy for crypto ETFs."
- 23:01Benson denies that Trump's tariffs are a tax on AmericansJinse Finance reported that U.S. Treasury Secretary Bensent denied in an interview with NBC News the claim that Trump's comprehensive trade tariffs are a tax on Americans. He dismissed concerns from major American companies such as John Deere, Nike, and Black & Decker, all of which stated that Trump's tariff policies would cost them billions of dollars each year. Bensent said: "People draw these conclusions from earnings calls, where companies have to present harsh scenarios. But no company has come forward to say, 'Oh, we did this because of tariffs.'" He went on to add: "If things are so bad, why is GDP at 3.3%? Why is the stock market hitting new highs? Because President Trump cares about both big companies and small businesses." (Golden Ten Data)