Crypto News Today, September 3 – Solana Breaks $209, Outperforming BTC and ETH: Best Altcoin to Buy?

U.S. Bancorp, the parent of U.S. Bank, has officially resumed its Bitcoin custody service for institutional investment managers, more than three years after pausing the program. Originally launched in 2021 alongside fintech firm NYDIG, the service was suspended in early 2022 due to stringent SEC capital requirements under Staff Accounting Bulletin 121.

With SAB 121 now rescinded earlier this year, the regulatory environment cleared, allowing U.S. Bank to reintroduce the service, now expanded to include Bitcoin exchange-traded funds (ETFs) for registered and private funds.

In this refreshed offering, NYDIG acts as the sub-custodian for the underlying BTC, while U.S. Bank maintains the client relationship.

This move positions U.S. Bancorp to compete with crypto-native custodians like Coinbase and join traditional institutions such as BNY Mellon in the growing digital asset custody landscape.

Gemini Space Station Inc., the crypto exchange founded by Cameron and Tyler Winklevoss, has filed for a $316.7M initial public offering (IPO) in New York. Social media is dubbing it the “Gemini IPO” and the company plans to sell 16.7 million shares priced between $17–$19 each, which would give Gemini a market cap of about $2.2Bn at the top of the range.

Gemini controls more than $18Bn in assets and crypto assets, according to its filing. But the company is still losing money, reporting a $282.5M net loss on $68.6M revenue in the first six months of 2025.

The IPO will be underwritten by Goldman Sachs and Citigroup, with Gemini trading on Nasdaq under the ticker GEMI. Meanwhile, Trump is ignoring Gemini and shipping all his wealth to Crypto.com (CRONOS).

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Treasury BV announced it has raised €126 million ($147 million) in a private funding round led by Winklevoss Capital and Nakamoto Holdings, enabling the company to acquire more than 1,000 bitcoin (BTC $111,568.77). The move supports its goal to become Europe’s largest publicly traded bitcoin treasury company.

As part of its public listing strategy, Treasury BV, led by CEO Khing Oei, signed a binding agreement with MKB Nedsense NV (MKBN) to execute a reverse listing on Euronext Amsterdam. The company aims to position bitcoin at the core of Europe’s financial ecosystem, a strategy Oei describes as the “equitization of bitcoin,” designed to broaden access and ownership across traditional markets.

The transaction will see MKB Nedsense transfer all assets and liabilities to its largest shareholder, Value8 NV, before issuing new shares to Treasury’s investors. The issuance price, alongside a €0.0435 dividend per share, represents a 72% premium over MKBN’s July 11 closing price and a 90% premium over the three-month average.

Following the announcement, MKBN shares jumped over 30%, trading at €0.15. Once the deal is finalized, Treasury BV is expected to trade under the ticker TRSR.

Recent news about HBAR whales scooping up over 50M tokens worth $11.3M in just one week. Is this accumulation bullish or just catching falling knives? Let’s find out.

From Australia’s CBDC project to White House mentions, Hedera’s credibility keeps rising. Recent launches like IDTrust and tokenization partnerships fuel real-world adoption and steady ecosystem growth.

Is Hedera chart shows a bearish setup or just bearish deviation that is going to trap retail to sell in the hands of whales. And are we going to see $0.3 mark soon?

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