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$167 Million in Solana Bagged By Major Tech Giant, What's Coming?
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$167 Million in Solana Bagged By Major Tech Giant, What’s Coming?

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A few days after Pantera-backed Helius Medical announced plans to adopt a digital asset treasury strategy focused on accumulating SOL, the company has made its first major purchase, according to a CoinMarketCap report today.

For the first time, the medical device company has purchased over 760,000 Solana, worth about $167 million, at an average price of $231 per SOL. The move marks its first step toward building the previously announced $500 million Solana treasury.

Following the firm’s decision to heavily bet on the sixth-largest cryptocurrency by market capitalization, investors have expressed optimism about Solana’s price potential amid growing institutional adoption.

Helius Medical further revealed that the vision behind the treasury launch is not only to hold Solana long-term, but also to explore opportunities in staking and decentralized finance (DeFi) to put its tokens to work.

With its sights set on further SOL accumulation in the near future, Helius Medical reports holding over $335 million in cash reserves allocated to the execution of its digital asset strategy.

Solana retrieves $220 mark

Amid the broader crypto market downturn, Solana’s price fell sharply, recording an intraday low of $212.80 on Tuesday, September 23rd.

While Solana experienced a heavier decline the previous day, with its price dropping over 6%, it has shown steadier price action today, flashing signals of a potential recovery after reclaiming the $220 level.

Market watchers remain largely unfazed by the ongoing downturn, anticipating a major rally in the near term, particularly for Solana.

Solana continues to attract institutional interest thanks to its robust infrastructure for large-scale business use. Its momentum is not solely driven by speculation but also by real-world adoption and expanding use cases.

In recent weeks, Solana has made significant strides in the DeFi ecosystem as users increasingly stake funds within its network amid surging engagement.

Boasting speed, low fees, and scalability, Solana enables investors to maximize returns through regular spot trading as well as exclusive DeFi opportunities, including lending, building, and staking.



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Car giant Stellantis confirms data breach after third-party hit by cyberattack

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  • Stellantis confirms data breach via third-party platform supporting North American customer services
  • Attack linked to ShinyHunters, part of broader Salesforce-related data theft campaign
  • Customers warned to avoid suspicious emails and remain alert for phishing attempts

Stellantis, one of the world’s largest automakers, confirmed suffering a cyberattack and losing sensitive customer data.

In a short announcement, Stellantis said the breach did not occur within its infrastructure, but rather in a third party service provider’s platform that supports its North American customer service operations.

“Upon discovery, we immediately activated our incident response protocols, initiated a comprehensive investigation, and took prompt action to contain and mitigate the situation,” the company said in the report. “We are also notifying the appropriate authorities and directly informing affected customers.”


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ShinyHunters strike again

The report offered little details, as Stellantis noted the personal information involved was “limited to contact information” and that financial, or “sensitive personal information” was not accessed, since it wasn’t stored on company servers in the first place.

It did not detail who the threat actors were, or what they sought out to achieve, but BleepingComputer claims the attack was carried out by ShinyHunters, and that it was part of a recent wave of Salesloft data breaches.

The threat actors reprotedly claimed responsibility for the attack, telling the publication it stole more than 18 million Salesforce records, including names, and contact details.

Stellantis is yet to confirm or deny these claims, but if they turn out to be true, the automotive giant will be added to a long list of major companies that had their data compromised in the Salesloft issues.

Other companies that suffered the same fate include Google, Cloudflare, Zscaler, Palo Alto Networks, Proofpoints, Cato Networks, and many others.

In the meantime, Stellantis urged its customers to remain vigilant against potential phishing attempts, and to be particularly wary of incoming communication claiming to come from the automaker.

Furthermore, it warned the customers not to click on any links in emails, or other forms of communication, especially in those demanding urgent activity or response.

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Disney’s Mandalorian and Grogu trailer shows the fall of a lumbering giant

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Disney, a company that definitely isn’t dealing with a major crisis right now, has released a trailer for The Mandalorian and Grogu. The movie follows on from the events of Disney+ series The Mandalorian — a show that director Jon Favreau created — and the fall of the Empire in Return of the Jedi. It’s set to hit theaters on May 22, 2026.

The 94-second clip doesn’t offer much in the way of plot details, though it does show Sigourney Weaver as a fighter pilot and Jabba the Hutt’s son Rotta (Jeremy Allen White). Mando (Pedro Pascal) and Grogu battle against bots and beasts, and the pair blows up an AT-AT. I’m sure there’s nothing to be read into seeing a lumbering giant attempting to traverse a precarious path only to fail spectacularly at this specific moment in Disney’s history.

The trailer does make it seem like the movie will retain the adventurous spirit and humor of The Mandalorian, with Grogu getting to be as cute as ever. In a fun beat, the diminutive creature uses the Force to try to steal a snack from Weaver’s character, only to be denied.

The Mandalorian and Grogu will be the first Star Wars movie to hit theaters in over six years. Star Wars: Starfighter is slated to arrive a year later.



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Restaurant patrons “almost killed” by giant Sexy Fish sculpture

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A huge fish sculpture fell from the wall of a Sexy Fish restaurant in Manchester, UK, during service, miraculously causing nothing more than a single “minor” injury.

Julie Evans, who was at the restaurant with her husband Peter to celebrate the latter’s birthday, told Manchester Evening News that the giant swordfish sculpture they were seated under came loose moments after they had ordered drinks.

Shortly after hearing a “loud rumble,” the faux fish fell, struck Peter in the back, and knocked drinks over, soaking Julie.

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“The staff were absolutely distraught because it could’ve killed us, Julie told the publication, adding, “It was just shocking, everybody was in shock and everybody was shaking.”

Sexy Fish responds

Following the incident, Sexy Fish confirmed that a “piece of art” had come loose and fallen during service at the restaurant. “We have carried out a full inspection with independent specialists. The safety and well-being of our customers and team remains our highest priority,” a spokesperson said.

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As far as the sculpture itself – reported to be a piece created by artist Damien Hirst – is concerned, the restaurant didn’t specify its fate. Videos uploaded to TikTok by passers-by recording the restaurant’s interior showed large pieces of debris scattered across its floor and the sculpture itself resting on a table.

Sexy Fish operates restaurants in London, Miami, and Dubai, in addition to Manchester, specializing in, unsurprisingly, fish. The Manchester branch has since reopened.

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Critical Chrome Exploit Could Drain Your Crypto, CTO of French Hardware Wallet Giant Warns
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Critical Chrome Exploit Could Drain Your Crypto, CTO of French Hardware Wallet Giant Warns

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Charles Guillemet, chief technology officer at Ledger, has issued a security warning about a major Chrome vulnerability that could potentially allow hackers to drain one’s crypto wallet. 

The “Type Confusion” bug, which was recently discovered by security researchers, makes it possible for bad actors to run malicious code by treating one type of data as another. It has been found within V8, the engine that executes JavaScript and WebAssembly. 

Simply visiting a malicious website could make it possible for attackers to steal highly sensitive data, including private keys, seed phrases, or wallet files.

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Hence, Guillemet is not recommending storing any sensitive data locally. 

Google’s urgent response 

Within just 48 hours of the critical vulnerability being detected, Google swiftly moved to publish an emergency update. Chrome users have to make sure that they are using the fixed version (140.0.7339.185). 

It is worth noting that all Chromium-based web browsers have been affected, including Brave, Opera, and Vivaldi. 



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The Ether Machine
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Ethereum Giant The Ether Machine Aims for US Public Debut

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ether Machine, an Ethereum treasury firm, has confidentially submitted a draft registration statement on Form S-4 with the US Securities and Exchange Commission as part of a planned merger with blank-check firm Dynamix Corporation.

Reports have disclosed the move as the next step in bringing the company’s large ether holdings onto public markets.

Draft Filing Ties To Dynamix Merger

According to filings and company posts, the S-4 is linked to a business combination between The Ether Machine and Dynamix that was first announced in July.

The merged entity would trade under the ticker ETHM when the deal closes, which market watchers expect to occur in Q4 2025 if shareholders and regulators approve the transaction.

Image: The Ether Machine

The company said it has engaged a Big Four auditor to bolster its financial reporting as it prepares for public scrutiny.

As of today, we have confidentially filed our S-4 with the SEC. We’re shifting into the next gear, and officially on its path to full public form 🔥

“The submission of our Form S-4 is a critical step towards becoming a publicly traded Ethereum company. We have also retained…

— The Ether Machine (@TheEtherMachine) September 16, 2025

The Firm’s Ether Hoard And Recent Financing

Based on reports, The Ether Machine now holds roughly 495,362 ETH, a stash valued at about $2.16 billion at recent prices, and has set aside roughly $367 million in cash to buy more ether.

The company also recently secured a $654 million commitment in a private financing round tied to a 150,000 ETH in-kind investment, a deal that brought a new board member to the firm.

ETHUSD now trading at $4,492. Chart: TradingView

Those moves have helped push the company’s balance sheet toward what backers call institutional-grade exposure to ether.

Funding Push And Big Investors

Reports have identified major crypto names among the backers. Investors such as Blockchain.com, Kraken and Pantera Capital participated in earlier financing, and organizers expect to raise more than $1.6 billion in the Nasdaq listing effort.

The Ether Machine is also lining up additional capital, with Citibank said to be leading a third fundraising round that may target at least $500 million. Those inputs matter because they will shape how much ether the public company starts its life with on the books.

Market Reaction

Market response to the deal was swift when it was first revealed: Dynamix stock jumped sharply in premarket trading after the merger was announced.

If the combination completes, The Ether Machine would become one of the largest publicly visible holders of ether, offering investors a way to gain regulated equity exposure to the token rather than buying it directly.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Bitcoin Giant Strategy Dodges Another Lawsuit Alleging Accounting Wrongs

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In brief

  • A lawsuit against Bitcoin treasury Strategy has been scrapped.
  • Much like a different lawsuit dismissed in August, this one alleged shady accounting practices.
  • A number of lawsuits have been brought against Strategy this year, Decrypt previously reported.

Another shareholder lawsuit alleging dodgy accounting practices at Bitcoin treasury giant Strategy has been dropped, court documents show. 

Documents filed Wednesday show the scrapped case, brought in June by shareholders Abhey Parmar and Zhenqiu Chen, had alleged breaches of fiduciary duties, unjust enrichment, abuse of control, and gross mismanagement in the company. 

The dismissal comes just weeks after a different class-action lawsuit accusing the company of misleading shareholders about how new accounting rules would affect its profitability was scrapped. That lawsuit, filed in May, was similar to the June one dismissed Wednesday.

A number of law firms and stockholders this year filed lawsuits against the company, alleging securities fraud over misleading Bitcoin investment statements. 

Experts told Decrypt that it wasn’t unusual for law firms to file identical lawsuits against a company, as they vied to become lead counsel in a consolidated case.

Strategy—formerly MicroStrategy—is the world’s biggest corporate holder of Bitcoin, with a stash of 638,460 digital coins worth $72.5 billion at today’s prices. 



The company mainly used to sell data analysis software, but now buys and holds Bitcoin and lets investors buy shares of its Nasdaq-listed stock (MSTR) to get exposure to the cryptocurrency, dubbing itself a Bitcoin treasury firm.

Company co-founder Michael Saylor was turned on to Bitcoin in 2020, bought it, and claimed it was the best way to store value and save shareholders’ money.

Strategy stock has since soared. It was trading for $14 the day the company first bought Bitcoin in August 2020 and it’s now trading for $362—a 2,160% increase.

Strategy has in the past run into trouble with regulators. In 2000, Saylor, who was Strategy CEO at the time, co-founder and Chief Operating Officer Sanjeev Bansal, and former Chief Financial Officer Mark Lynch settled a case with the SEC, without admitting or denying charges of overstating the company’s revenue and earnings. 

The three paid $10 million in disgorgement and $1 million in penalties. 

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Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay
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Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay

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  • Current approval odds
  • Other recent delays 

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on the XRP exchange-traded fund (ETF) proposal filed by American multinational investment management holding company Franklin Templeton.

The review of Cboe BZX’s proposal to list the aforementioned product has been extended to Nov. 14.  

As reported by U.Today, Franklin Templeton, which boasts a total of $1.53 trillion worth of assets under management, originally filed to launch an XRP ETF in early March.

It remains the most prominent player to enter the closely watched XRP ETF race. 

BlackRock, the world’s leading asset manager with $12.5 trillion worth of assets as of Q2 2025, is reportedly not considering filing for an XRP ETF. The same applies to a Solana-based ETF.  

Current approval odds

As reported by U.Today, the odds of the SEC approving an XRP ETF in 2025 recently surged well above 90% on the Polymarket betting website. At press time, the odds currently stand at 92%. 

Bloomberg analysts previously stated that the approval of spot altcoin ETFs would likely come this October. 

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Other recent delays 

On top of that, the SEC has delayed the approval of staking 

Earlier this week, the regulator also pushed back its decision on Bitwise’s Dogecoin exchange-traded fund (ETF). 



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Wall Street Giant Cantor Debuts Bitcoin Fund With Gold Insurance

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In brief

  • Cantor Fitzgerald has debuted a new Bitcoin fund.
  • The fund also gives investors exposure to gold—for downside protection.
  • Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month.

Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims to give investors exposure to Bitcoin‘s gains and downside protection with gold. 

The fund, the Cantor Fitzgerald Gold Protected Bitcoin Fund, which was announced in May at the Bitcoin 2025 conference in Las Vegas, Nevada, aims to address the concerns of investors scared of Bitcoin

Monday’s announcement said that the fund “minimizes the risk of short-term volatility and reduces the impact of correlation spikes while continuing to benefit from the long-term upside trend of Bitcoin.” 

“This gold-protected Bitcoin strategy spans five years and tackles both risks head-on: it captures Bitcoin’s upward trajectory while gold provides a safety net that historically performs well when markets decline,” Global Head of Cantor Fitzgerald Asset Management Bill Ferri said. 

He added: “With risk assets at or near all-time highs, timing and protection matter.”

Decrypt reached out to Cantor Fitzgerald for comment. 

Bitcoin, the largest and oldest digital asset, has in the past made massive gains but experienced huge drops throughout its 16 year history.

Bitcoin was recently trading at under $112,182, up about 1% over the past 24 hours and more than 20% year-to-date according to cryptocurrency markets data provider CoinGecko. But the leading cryptocurrency by market cap has fallen nearly 9% since reaching an all-time high of $124,128 last month. 



To be sure, experts recently told Decrypt that with the approval of spot Bitcoin ETFs, which institutions have flooded into, the asset should experience less volatility. The digital coin’s volatility has significantly dampened this year. 

But during the last bull market of 2021, the asset hit a high of over $69,000 per coin only to plunge to under $16,000 the following year. The current up cycle has likely yet to see an end, many analysts believe. 

Gold, the traditional save haven asset, hit a new high Monday near $3,680 per ounce and is up more than 37% year-to-date, amid ongoing concerns about the U.S. economy, inflation and other macroeconomic uncertainties.

Cantor was among the early, vocal Wall Street supporters of Bitcoin. The firm helps custody the Treasury reserves for stablecoin giant Tether’s USDT stablecoin product. Its former chairman and CEO Howard Lutnick, an advisor to Donald Trump during his 2024 presidential campaign, is now U.S. Commerce Secretary.

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Robinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out

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In brief

  • Robinhood was added to the S&P 500
  • Publicly traded digital asset-focused firms have benefited from the friendlier regulatory and political environment of recent months.
  • The S&P 500 added crypto exchange Coinbase to the index in May.

Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on digital assets, was added to the S&P 500.

Robinhood (HOOD) soared past $108 per share after closing Friday a little above $101, according to Yahoo Finance. The company’s share price has soared more than 150% year-to-date.

HOOD will join the index on September 22, according to a press release from S&P Dow Jones Indices. Advertising technology firm AppLovin was also added by the index. S&P Dow Jones reshuffles the index on the first Friday of the last month of the third quarter, which ends in September.



But the S&P 500 will not include Bitcoin treasury firm Strategy, disappointing some observers. Strategy’s $95 billion market cap was large enough to meet the S&P’s threshold for inclusion. S&P-listed companies must be U.S.-based and have market values of more than $20 billion.

Shares of Tysons Corner, Virginia-based Strategy, formerly MicroStrategy, were down nearly 3% in after-market trading. Strategy holds more than $70 billion worth of Bitcoin and pioneered the digital assets treasury strategy that numerous other firms have since adopted.

The S&P decision underscores the growing might of digital asset-focused companies, which have benefited from the friendlier political and regulatory environment of recent months. Amid this shift, institutional investor interest in cryptocurrencies has risen, spurring big price gains among Bitcoin, Ethereum, and other leading assets and massive inflows to crypto-based exchange-traded funds.

Cryptocurrency exchange Coinbase  began trading on the S&P index on May 19.

In its second quarter, Robinhood posted a stronger-than-expected performance, surpassing analyst expectations, despite a cooldown in revenue from crypto trading.

The retail brokerage posted $989 million in total sales, up 45% from a year ago and beating analysts’ expectations of $913 million, according to MarketScreener data.

With an earnings per share mark of $0.42, Robinhood reported $386 million in second-quarter profits, up $50 million year-over-year and beating analyst expectations of $276.6 million.

Robinhood said that it generated $160 million in crypto trading revenue during the second quarter, a 98% increase from a year ago. However, the figure fell quarter-over-quarter from $252 million, as U.S. President Donald Trump’s trade war dominated headlines.

At the same time, transaction-based revenues for options and equities increased quarter-over-quarter, rising to $265 million and $66 million, respectively. After crypto trading boomed for Robinhood late last year, totaling $672 million in Q4, options-based income has become Robinhood’s main money maker again.

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