Bitpush editors handpick the following Web3 news for you every day:
Trump Media completes acquisition of 684 million CRO tokens, valued at approximately $178 million
Trump Media & Technology Group (DJT) announced the completion of a transaction with Crypto.com to acquire 684.4 million Cronos (CRO) tokens at approximately $0.15 per token in a 50% cash, 50% stock exchange, valued at approximately $178 million and representing approximately 2% of the circulating supply of CRO. This partnership will integrate CRO into the rewards system of the Truth Social and Truth+ platforms, with institutional-grade custody provided by Crypto.com. Previously, Trump Media established the Trump Media Group CRO Strategy, which plans to create a CRO-centric digital asset treasury through a merger with Yorkville Acquisition Corp.
Ethena Foundation launches new $310 million buyback program
Ethena announced an additional $530 million in StablecoinXPIPE transactions, and the foundation launched a new $310 million open market repurchase program.
On July 21, stablecoin issuer StablecoinX announced the completion of a $360 million funding round to acquire ENA tokens and plans to list its Class A common stock on the Nasdaq Global Market under the ticker symbol USDE. The Ethena Foundation will contribute $60 million worth of ENA tokens.
To initiate the acquisition plan, StablecoinX will use the $260 million in net cash proceeds from the financing (after deducting relevant expenses) to purchase locked ENA tokens from an Ethena Foundation subsidiary.
Vitalik Buterin : Low-cost stablecoin transactions remain one of the core values of cryptocurrency
Ethereum co-founder Vitalik Buterin stated that low-cost stablecoin transactions remain one of the most important sources of value for cryptocurrencies. He also expressed his delight at Codex's inclusion in the Ethereum L2 ecosystem, acknowledging the project's emphasis on synergy with Ethereum L1 since its inception.
[ Spot gold rises to $3,600, setting a new record high]
Spot gold rose 1.5%, reaching a high of $3,600.15 per ounce, setting a new record high; so far this year, spot gold has risen by $976, a 37% increase.
The SEC and CFTC will jointly host a roundtable meeting on September 29 to focus on coordination of crypto asset regulation.
According to official news, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement today, announcing that they will jointly hold a roundtable meeting from 1:00 to 5:00 pm (Eastern Time) on September 29, 2025 to explore opportunities for regulatory coordination.
SEC Chairman Paul Atkins and CFTC Acting Chair Caroline Pham stated that the two sides will work closely together to provide clarity to the market and turn the unique U.S. regulatory structure into an advantage for market participants, investors, and the public.
The statement noted that the previous joint staff statement on spot crypto-asset products was only the first step. The two agencies will consider harmonizing product and trading platform definitions, streamlining reporting and data standards, unifying capital and margin frameworks, and establishing a coordinated innovation exemption mechanism to better serve the public interest.
Strategy not included in the S&P 500 index
Strategy, founded by Michael Saylor, failed to enter the S&P 500 index.
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