Weekly Update: 5th of September
What happened between the 29th of August and the 5th of September?
- Treasury BV acquires NedSense, raising €126M and over 1,000 BTC, positioning itself as Europe’s largest listed Bitcoin treasury vehicle on Euronext Amsterdam. Read more
- Trump family strengthens its crypto presence with WLFI token and ABTC’s Nasdaq debut, despite controversy surrounding their growing financial stake and visibility in crypto. Read more
- Ripple and Arbitrum drive institutional blockchain adoption via RLUSD expansion in Africa and a $40M DeFi program to stimulate Layer-2 ecosystem activity. Read more
- Pump.fun’s new fee model drives $2M in creator earnings in one day, establishing a scalable, reward-driven framework for sustainable memecoin growth on Solana. Read more
Treasury BV acquires NedSense and prepares Euronext listing
Treasury BV, backed by the Winklevoss twins and Nakamoto Holdings, has finalized a reverse listing agreement with the Euronext-listed SME NedSense. The transaction allows the company to trade under the new name Treasury N.V. on Euronext Amsterdam, with ticker symbol “TRSR”. With €126 million in funding, more than 1,000 BTC were acquired, positioning it as Europe’s largest corporate Bitcoin reserve.
The news came shortly after another notable announcement by Amdax, which revealed it raised €20 million in the same week. These developments highlight growing institutional demand for Bitcoin exposure within the European market. The coming months will be telling as these companies become publicly tradable on Euronext.
Trump family doubles down on crypto with WLFI token and ABTC Nasdaq debut
This week, the Trump family once again took center stage in the crypto world. From the launch of their World Liberty Financial (WLF) token WLFI, to the Nasdaq debut of ABTC, and even renewed speculation surrounding Trump’s health, attention remained focused.
The WLFI token briefly surged to around $0.40 before sharply correcting to under $0.20. Not even a day later, American Bitcoin (ABTC), the mining and treasury firm tied to Eric Trump and Donald Trump Jr., debuted on Nasdaq via a merger with Gryphon Digital Mining. The listing drove the stock up over 110%, valuing the company between $7 and $9 billion. While these are clearly favorable developments for the Trump family, controversy continues to surround their visible and strategic presence in crypto.
Ripple and Arbitrum accelerate blockchain adoption through new initiatives
Ripple and Arbitrum expanded their adoption efforts this week. Ripple is rolling out its RLUSD stablecoin in Africa via partnerships with fintechs and banks, aiming to make cross-border payments more efficient in emerging markets.
Simultaneously, Arbitrum announced a $40 million DeFi incentive program to stimulate liquidity and activity on its Layer-2 ecosystem. Both initiatives reflect the ongoing shift from speculative hype to scalable, real-world applications, with a clear focus on institutional integration in an increasingly regulated environment. Ripple and Arbitrum are positioning themselves as key infrastructure players in the next wave of blockchain adoption.
Pump.fun sees $2M creator revenue surge with new fee model
Solana-based launchpad Pump.fun has achieved a major breakthrough in creator incentives with Project Ascend, a new dynamic fee model. The “Dynamic Fees V1” system ties creator fees to market cap: early-stage projects pay higher fees (up to 0.95%), which decrease as tokens mature.
Within just 24 hours, the platform distributed over $2 million in creator rewards, a massive jump from the previous day’s $198,000. This figure surpassed daily revenue of major platforms like Hyperliquid. Meanwhile, the PUMP token also appreciated, reinforcing Pump.fun’s growing dominance in the Solana ecosystem and demonstrating that a sustainable memecoin model is achievable.
In other digital assets news
- OKX fined over €2.2 million for offering crypto services in the Netherlands without registration at De Nederlandsche Bank (DNB).
- BitMine purchases $65 million in Ethereum, bringing its total crypto reserves to approximately $8.4 billion.
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