Hayden Davis Allegedly Makes $12M on YZY as Sharps Raises $400M for Solana Treasury

Bubblemaps Alleges Hayden Davis Made $12M Sniping Kanye West YZY Memecoin After Coordinated Early Buys

Blockchain analytics firm Bubblemaps alleged that Hayden Davis, CEO of Kelsier Ventures and previously tied to the LIBRA and Melania Trump memecoin controversies, made $12 million sniping Kanye West’s YZY token at launch. Bubblemaps traced 14 addresses that bought YZY within a minute of its announcement back to Davis through exchange funding and transfers. While not confirming insider connections, the firm suggested Davis coordinated the trades. Davis had previously admitted to sniping LIBRA, a Solana-based memecoin linked to Argentina’s president that later collapsed.

Sharps Technology to Raise $400M for Solana Treasury Pivot, Stock Jumps 70% on Strategy Shift

Sharps Technology Inc. (STSS), a small-cap medical device company, announced plans to raise over $400 million through a private placement to acquire Solana and build what it claims will be the largest Solana treasury among public companies. The PIPE deal, closing Aug. 28, includes investors such as ParaFi Capital and Pantera Capital. This move places Sharps alongside other firms like Upexi and DeFi Development Corp, which already hold large SOL reserves. The company’s shares surged nearly 70% following the announcement. Newly-appointed CIO Alice Zhang, co-founder of Avalon Capital and Jambo, said Solana’s accelerating institutional adoption makes now the right time for the pivot.

Canary Capital Files for American-Made Crypto ETF MRCA to Track US-Origin Tokens Amid SEC ETF Delays

Canary Capital Group has filed with the SEC to launch the Canary American-Made Crypto ETF (MRCA), which would track an index of cryptocurrencies with strong U.S. ties, such as XRP, Solana, Dogecoin, Cardano, Chainlink, and Stellar. The fund excludes stablecoins, memecoins, and pegged tokens, and plans to stake proof-of-stake assets through third-party providers, adding staking rewards to its net asset value. Custody will be handled by a South Dakota trust company, with most assets in cold storage. The filing comes amid a shift in U.S. crypto policy, including new regulatory clarity on staking. However, the SEC continues to delay multiple ETF decisions, including other Canary products and funds tied to XRP, Solana, and Truth Social.

B Strategy to Launch Nasdaq-Listed BNB Treasury Company Backed by YZi Labs With $1 Billion Raise

B Strategy, a digital asset investment firm, plans to launch a Nasdaq-listed BNB treasury company with the goal of raising $1 billion. The venture, described as the potential “Berkshire Hathaway of the BNB ecosystem,” will hold BNB as a treasury asset while also investing in technology development, funding grants, and supporting community initiatives. YZi Labs, led by Binance co-founders Changpeng Zhao and Yi He, will back the project with funding and ecosystem support. Several Asia-based family offices have already joined as anchor investors. The Nasdaq listing and $1 billion raise are expected to be completed within weeks.