BizwavemediaPersonal Finance and Crypto Updates

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Shares of Eightco Holdings (NASDAQ: OCTO) exploded 1,000% pre-market on Monday after the firm unveiled a $250 million private placement and a $20 million investment from BitMine to support the world’s first Worldcoin treasury reserve, according to Yahoo Finance.

The e-commerce infrastructure company said the private placement included approximately 171 million shares priced at $1.46 each, with another 13.7 million shares issued to BitMine at the same price.

The deal, led by MOZAYYX, is expected to close around September 11, subject to Nasdaq approval.

Thomas “Tom” Lee, who chairs BitMine, described World as a project that fits within BitMine’s broader mission to support Ethereum-native initiatives. He highlighted the platform’s Proof of Human feature as a potentially essential layer of trust for tech platforms interacting with billions of users.

Eightco plans to adopt Worldcoin as its primary treasury reserve asset, with cash and Ethereum serving as secondary reserves. The company will also change its Nasdaq ticker to “ORBS” to reflect its new strategic direction.

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SwissBorg lost 192,600 SOL worth $41.5 million in a security incident on the Solana blockchain today, according to blockchain investigator ZachXBT.

“SwissBorg experienced an incident a few hours ago and 192.6K SOL ($41.5M) was stolen on Solana,” ZachXBT said.

The crypto asset management platform has not yet provided details about the nature of the exploit or how the funds were compromised.

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Kazakhstan’s leader, Kassym-Jomart Tokayev, is pushing for the quick establishment of a “full-fledged” digital asset ecosystem, including a state-administered crypto reserve, Akorda Press, the official press office of the President of Kazakhstan, reported on Monday.

The reserve, overseen by the National Bank’s investment arm, would accumulate crypto assets deemed vital to the emerging digital financial system, according to Tokayev.

“Given the current realities, we must focus on crypto-assets. A State Digital Asset Fund should be established under the National Bank’s investment corporation. This fund would accumulate a strategic crypto reserve consisting of the most promising assets of the new digital financial system,” Tokayev said.

The president urged the government and the National Bank to finalize and pass new legislation that would liberalize digital asset markets, support fintech innovation, and open the financial sector to new competitors.

The proposed banking law is expected to address how tokenized assets and fintech platforms will be integrated into Kazakhstan’s regulated financial system.

Tokayev also emphasized the need to scale the country’s use of the digital tenge, Kazakhstan’s central bank digital currency (CBDC). The tokenized tenge has already been used to finance projects through the National Fund, and he wants to extend its use across national, local, and state-owned enterprise budgets.

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Onchain investigator ZachXBT has flagged Solana-based Telegram trading bot project Aqua for a likely rug pull, after 21.77K SOL raised in its presale, worth about $4.65 million, was moved across multiple wallets and into instant exchanges.

ZachXBT flagged on his Telegram channel that the presale wallet split funds into four tranches before transferring them through intermediary addresses.

The project, which had been promoted by teams including Meteora, Quill Audits, Helius, SYMMIO, Dialect, and several influencers, has since disabled replies on all of its X posts.

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Bitwise Asset Management listed five flagship crypto exchange-traded products (ETPs) on the SIX Swiss Exchange, Switzerland’s main stock exchange, the company announced Thursday.

Of the new listings, four are tied to the largest crypto assets by market capitalization, excluding stablecoins. These include the Bitwise Core Bitcoin ETP, Ethereum Staking ETP, Solana Staking ETP, and Physical XRP ETP.

Bitwise also listed the MSCI Digital Assets Select 20 ETP, which tracks the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, managed by MSCI and rebalanced quarterly, covers more than 90% of the total investable cryptocurrency market capitalization.

“The five flagship products we have listed in Switzerland will broaden options for investors looking to benefit from the full potential of crypto markets,” said Ronald Richter, Regional Director Investment Strategy of Bitwise in Europe. “Europe is rapidly opening up for digital assets, and Switzerland is a leading and crucial market at the heart of the continent.”

The move is expected to expand the digital asset manager’s presence in European markets, where demand for crypto investment products is growing and changing regulations are creating new opportunities for crypto investment.

The UK is set to ease retail access to crypto exchange-traded notes next month after more than three years of restricting such products over concerns about consumer risk and market volatility.

“The expansion of our product suite in Switzerland is a logical next step for Bitwise, and fits our strategy of always aiming to provide best-in-class crypto ETPs,” said Bradley Duke, Head of Europe at Bitwise Asset Management.

The ETPs are fully backed by their respective digital assets, stored in institutional-grade cold storage custody, and feature a physical redemption mechanism similar to precious metal ETCs.

The new listings come amid Bitwise’s growth, with client assets climbing to $15 billion across 40 investment products in August 2025, a 200% increase from October 2024.

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Justin Sun has called on World Liberty Financial (WLFI) to reverse the blacklisting of his address, which froze more than $3 billion worth of unlocked and locked WLFI tokens Thursday afternoon.

To the World Liberty Financials team and the global community,

As one of the early major investors in World Liberty Financials, I have contributed not only capital but also my trust and support for the future of this project. My goal has always been to grow alongside the team…

— H.E. Justin Sun 👨‍🚀 (Astronaut Version) (@justinsuntron) September 5, 2025

In a post on X late Thursday, Sun published an open letter to the WLFI team and community, describing the freeze as “unreasonable” and arguing that tokens are “sacred and inviolable.” He said unilateral actions that freeze investor assets “violate the legitimate rights of investors” and risk undermining broader confidence in the project.

“My goal has always been to grow alongside the team and community and to jointly build a strong and healthy WLF ecosystem,” Sun wrote. “I call on the team to respect these principles, unlock my tokens, and let’s move forward together toward the success of World Liberty Financials.”

The remarks follow WLFI’s decision to blacklist Sun’s wallet, freezing 540 million unlocked and 2.4 billion locked WLFI after on-chain trackers flagged $9 million worth of WLFI transfers to exchanges.

On Friday morning, Sun doubled down on his support for the project, pledging to market buy $10 million worth of WLFI and $10 million worth of ALTS, the ticker for Nasdaq-listed company Alt5 Sigma.

We believe U.S.-listed crypto stocks are an undervalued opportunity. I will market buy $10 million worth of ALTS and $10 million worth of WLFI. @worldlibertyfi @EricTrump @DonaldJTrumpJr @ZachWitkoff @zakfolkman @WatcherChase

— H.E. Justin Sun 👨‍🚀 (Astronaut Version) (@justinsuntron) September 5, 2025

In early August, Alt5 announced a $1.5 billion offering to create a WLFI token treasury strategy. With this pledge, Sun is seeking to clear the air with the Trumps by signaling support for their projects across both traditional finance and on-chain markets.

WLFI was last trading slightly above $0.18 Friday morning, according to CoinGecko data. ALTS, meanwhile, was up 5% on the day, according to TradingView.

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SOL Strategies has secured approval to list its shares on the Nasdaq Global Select Market under the ticker STKE, with trading set to begin September 9, 2025.

1/ 🚨Major Milestone Alert!

SOL Strategies approved for @NasdaqExchange Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday, September 9, 2025!

As CEO Leah Wald noted: “This represents more than just an achievement for SOL Strategies, it’s… pic.twitter.com/tEJ6uBQahR

— SOL Strategies (@solstrategies_) September 5, 2025

The Solana-focused staking firm will continue trading on the Canadian Securities Exchange under HODL, but will delist from the OTCQB, where it had traded under CYFRF. Existing OTC shareholders will see their shares automatically convert to Nasdaq.

CEO Leah Wald said the listing validates the Solana ecosystem and positions SOL Strategies as its institutional bridge. The firm added that Nasdaq access will unlock partnerships, grow validators, and scale operations to meet rising staking demand.

At press time, Solana’s native token SOL was trading at $204, little changed in the past 24 hours despite broader market volatility, according to CoinGecko data.

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