treasury

According to Onchain Lens monitoring, Tron Inc. (NASDAQ: TRON) purchased 150,304 TRX (approximately $49,640) at an average price of $0.3327, with a historical treasury holding exceeding 721 million TRX.

According to Whale Alert monitoring and Solscan data, at 04:28 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against 10 individuals and 1 entity. These targets are involved in North Korean IT workers defrauding U.S. companies, with the proceeds used for North Korea's weapons of mass destruction and ballistic missile programs.The sanctioned Russian national Ilya Boykov has exchanged approximately 3.5 million dollars in cryptocurrency for the North Korean company Alis since 2024. The Russian national Vitold Obertas has completed nearly 2 million dollars in cryptocurrency exchanges for North Korean officials since January 2025.Also sanctioned is the entity FFTDC, controlled by North Korea and based in Russia, along with its 6 IT workers, who have generated over 750,000 dollars since 2025. Australia and the European Union have also taken similar sanction actions this month.

JPMorgan analysts pointed out that the U.S. Treasury may increase the scale of short-term borrowing when it announces its quarterly refinancing plan next week. The net borrowing amount aimed at private investors is expected to reach $2.038 trillion this year, rising to $2.202 trillion by 2027.The issuance scale of short-term bonds is expected to grow earlier, with privately held outstanding short-term Treasury bills increasing by $401 billion in 2026 and by $991 billion in 2027.

According to Bitcoin Magazine, Patrick Lowry, CEO of Samara Asset Group, an asset management company that holds Bitcoin as a primary treasury reserve, expressed his dislike for the term "Bitcoin treasury company" and believes that the current market is rejecting all pure treasury strategies except for Strategy. He stated that "digital gold" is poor marketing, turning Bitcoin into an investment rather than a currency, which is also the reason for Bitcoin's price drop during discussions of interest rate hikes by the Federal Reserve.Lowry introduced that Samara uses Bitcoin as operating capital rather than merely holding it. The company allocates committed funds from its risk fund to Bitcoin and liquidates at market price when capital calls are needed, regardless of price fluctuations. He mentioned that holding Bitcoin presents a threshold yield issue, which could harm shareholder interests.He also discussed MSCI's decision regarding non-operating companies, loopholes related to the Investment Company Act of 1940, and the potential impact of a rebound in altcoin treasuries. Lowry criticized the regression of the European regulatory environment, mentioning BaFin, the first Bitcoin ETP, and the issues of excessive regulation in the post-Merkel era.

According to market news, U.S. Treasury Secretary Janet Yellen stated that regardless of whether Congress takes action, the U.S. Treasury will push to bridge the regulatory gap between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrency.

Deutsche Bank strategists stated that the U.S. Treasury has asked primary dealers to provide insights on changes in investor demand and the scale of future Treasury auctions, indicating a weakening demand for long-term U.S. Treasury bonds. As the Treasury faces greater financing needs, it may shorten the maturity structure of new bond issuances in the future.

According to CoinDesk, U.S. Treasury Secretary Scott Bessent stated at the Ripple Swell conference that digital assets can help reinforce the global dominance of the U.S. dollar. Bessent noted that historically, the strength of the world's reserve currency came from military power, but it is increasingly shifting towards technological leadership. The U.S. will maintain its military umbrella, but the technological umbrella is becoming more important. He believes that the U.S. will win in the digital asset technology stack, which will continue to solidify the dollar's position.Bessent stated that over 90% of stablecoins are backed by the U.S. dollar, and issuers often hold U.S. Treasury bonds as reserves. As adoption grows, the demand for such assets may rise, becoming a new source of financing for the federal government. He believes that stablecoins will open up new global markets rather than merely replacing existing dollars. Regarding the failure of the Clarity Act, Bessent expressed disappointment, but noted that the Treasury can work with the SEC and CFTC to advance regulation through institutional action. He also mentioned that regulatory best practices and safeguards can prevent crypto companies from being de-banked.

After the release of U.S. economic data, the yield on the U.S. 30-year Treasury bond rose, currently standing at 5.304%.

According to The Block, StoneX raised the target price for Bitcoin treasury company Strive from $32 by 34% to $43, maintaining a buy rating. Analyst Mark Palmer stated that Strive's recent completion of the SATS preferred stock IPO and the expiration of traditional warrants constitute a "clean reset" of the company's capital structure, highlighting its all-preferred stock Bitcoin treasury model.On October 20, Strive completed an expanded IPO of 7 million shares of 15% SATS preferred stock, raising gross proceeds of $630 million. The SATS annual dividend yield is 15%, and the company has reserved enough funds to cover payments for the first 18 months. Palmer noted that SATS has a lower priority than the previous SATA preferred stock, so every dollar raised will increase assets without increasing claims that are senior to the senior preferred stock.Strive disclosed on Monday that from October 17 to 23, it purchased 6,182 BTC, increasing its total holdings to 43,000 BTC. Strive's stock price fell 9.15% on Monday, closing at $26.32.

Whale Alert posted on the X platform that USDC Treasury has newly minted 250 million USDC on the Solana network, worth approximately 250 million USD.

Empery Digital (NASDAQ: EMPD) plans to invest $65 million to acquire a 25% stake in a private entity that is acquiring an AI data center property in the Midwest of the United States. The facility currently has approximately 150 MW of power capacity and its own substation, with the potential to expand to about 300 MW in the future.According to information previously disclosed by the company, the project is expected to adopt a 15-year triple net lease (NNN) model, with a potential total lease payment of approximately $1 billion. Based on prior plans, the lease income corresponding to the 25% stake held by Empery is expected to exceed $440 million during the lease term, with payments expected to begin in early 2027. However, the relevant lease arrangements are still subject to the final signed formal agreement.This investment reflects that Empery is expanding its business layout from Bitcoin treasury to the AI infrastructure sector. The company previously stated that its financial commitment to the project is limited to $65 million, and potential tenants will bear the costs of data center renovation, electricity, and operational expenses.

On-chain treasury protocol Ducat tweeted that the team has decided to gradually shut down the protocol. The protocol design includes a price floor mechanism, and during the shutdown process, the team will prove that Ducat is fully backed by the treasury.The official team has taken a snapshot of the holders, and those who meet the criteria can redeem the corresponding fair value within the treasury without a cooling-off period. Tokens purchased from the liquidity pool after the snapshot will not be eligible for redemption.

The U.S. Department of the Treasury has released proposed rules for the implementation of the COINS Act, planning to further expand restrictions on foreign investments in sensitive technology sectors concerning certain "countries of concern." The current system primarily covers entities related to China, and the proposed rules aim to tighten restrictions in areas such as AI and semiconductors, extending the regulatory framework to more sensitive technologies and countries.In the field of AI, some investments that can still be made under the current rules after declaration are proposed to be further prohibited; in the semiconductor sector, high-bandwidth memory, photonic chips, and radiation-resistant chips are also included in the scope of stricter restrictions. Meanwhile, biotechnology has been added as a key regulatory area, involving directions such as brain-computer interfaces and automated laboratory software.

QCP stated that the credit risks related to AI infrastructure are accelerating in repricing. CoreWeave's bond yield has risen to about 15% this year, as the market begins to reassess high financing costs and debt sustainability.The related pressure has spread from CoreWeave to the broader neocloud infrastructure sector, dragging down the performance of tech stocks and crypto assets, while pushing funds towards long-term U.S. Treasury bonds.

Toto Finance, a company that converts physical goods into blockchain tokens, has submitted a governance proposal to the Cardano community, seeking to withdraw 22 million ADA (approximately 5 million USD) from the Cardano treasury to establish a "Cardano Strategic Copper Reserve." Voting will close on November 15. The proposal plans to purchase and tokenize copper that meets COMEX standards, with the token CuTT representing each pound of verified physical copper.According to the proposal, about two-thirds of the budget will be used to purchase exchange-grade copper from COMEX-certified warehouses near New Orleans, while the remaining one-third will cover storage, insurance, auditing, oversight, and Toto's operational costs. If the full budget is spent and the ADA to USD price remains unchanged, copper prices would need to rise by approximately 49.4% to recover the treasury investment. The proposal assumes a purchase price of $6.73 per pound and a selling price of approximately $10.06, with plans to hold for 18 to 24 months and sell in the following year, with net profits and unused funds required to be returned to the treasury before the 36th month.Monty Metzger, founder and chairman of Toto, stated that copper has significant upside potential, with an optimistic scenario predicting an annualized increase of about 30%, approximately 69% over 24 months, which could cover the 49.4% breakeven point, but commodity prices could also decline. Toto retains its commercial rights to the CuTT business for separate financing and hopes to scale the tokenized copper asset to $5 billion. The withdrawal limit of 500 million ADA from Cardano will last until around July 2027, and as of October 16, 457.4 million ADA has been used, with this proposal consuming more than half of the remaining quota.

According to attendees, U.S. Treasury Secretary Bessent stated during a closed-door meeting on Wednesday that there are no systemic issues in the artificial intelligence industry, and it cannot be compared to the internet bubble at the turn of the century. Bessent expressed an optimistic attitude towards this cutting-edge technology, believing that technological advancements will benefit the United States, but also acknowledged that data centers and AI companies have not done enough to explain the benefits of this technology to the average American.The closed-door meeting attracted over a hundred executives and investors from the financial industry, with ticket prices starting at $7,500 and top sponsorship packages costing up to $100,000. Proceeds from the meeting are used for charity. This year marks the 14th edition, having raised nearly $72 million in total. Bessent has publicly predicted multiple times that the development of artificial intelligence will significantly increase productivity and greatly boost U.S. economic growth. Currently, there is growing concern in American society regarding investments in artificial intelligence and data centers, leading to a sell-off of AI stocks.Former U.S. Treasury Secretary Yellen pointed out that she always confirms the presence of the media and issues public reports when she gives speeches. Bessent's office responded that his views expressed at the closed-door meeting had been publicly stated before and do not involve issues of transparency; in addition to artificial intelligence, he also discussed his views on the U.S. economy. More and more regions are beginning to oppose the construction of data centers, which is affecting the upcoming U.S. midterm elections, leading to a decline in support for U.S. President Trump and the Republican Party.