BlackRock files for third Bitcoin ETF, still no Solana or XRP

SkyAI, formerly Sharps Technology, has sold its entire Solana (SOL) treasury and launched a tender offer to repurchase up to $201.3 million in shares and warrants, reversing its cryptocurrency accumulation strategy. The company held approximately $223.8 million in cash as of Oct. 16 after liquidating its SOL holdings, according to a filing with the US Securities and Exchange Commission on Monday. The tender offer allows shareholders and warrant holders to sell their securities directly back to SkyAI at a fixed price. It covers up to 95% of each class of the company’s outstanding shares and warrants, funded entirely by cash on hand. The company said the tender offer is no longer tied to SOL’s price, a condition it had initially planned to include when announcing the buyback on Oct. 11. SkyAI intends to continue developing a financial platform combining stablecoin infrastructure on Solana with artificial intelligence. SkyAI shares closed Monday at $2.79, up 5.3% on the day, according to Yahoo Finance data. The stock has gained approximately 65% over the past month but remains down about 41% over the past year.

Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report. Solana has made significant progress in terms of network health across resilience, economic security and performance indicators, according to a Fidelity report. The layer-1 blockchain has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software could pose an outage threat, according to the report by Fidelity’s Center for Applied Technology (FCAT). The report said economic security was supported by substantial staking participation and incentives that reward validator performance. Low latency, expanded capacity and inexpensive transactions also support practical use at scale. Related: Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expandTo be sure, the Fidelity report noted that several areas surrounding decentralization and resilience warrant continued observation, including stake concentration among a small number of validator identities and operators. Cointelegraph reported on Aug.

The Solana Accelerate event in Shanghai was postponed after pre-registration exceeded the event cap set by local authorities, according to Lily Liu, president of the Solana Foundation. Event registration quadrupled overnight following publicity for the event, Liu wrote in a Friday X post, adding that organizers decided to postpone the event to “comply with local requirements.”Earlier on Friday, X users claimed that the event was “abruptly suspended” as law enforcement officers were stationed at the venue. In October 2025, a Solana event in Shenzhen was also cut short due to venue capacity and public-safety concerns, Solana’s Chinese-language community account announced then on X. Shanghai was scheduled to open Solana’s four-city Accelerate China tour, followed by Hangzhou on Sunday, Shenzhen on Tuesday and Beijing on Thursday, according to the event’s website. The postponement followed Solana executives’ promotion of a new Shanghai office earlier this week. China prohibits a range of crypto-related services, including token fundraising, trading and mining.

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SummarySouth Korean data centre Elice closed a third below its IPO price despite retail demand exceeding 400 times the allocation, as the KOSPI fell almost 4%. CoreWeave slipped another 3% in pre-market trading. Brent crude topped $111 a barrel amid persistent Middle Eastern concerns. South Korean data centre company Elice’s (0158S0) stock market debut added to nervousness surrounding artificial intelligence investments on Tuesday, as investors further questioned whether spending on infrastructure will deliver sufficient returns. The Seoul-based neocloud provider closed at 60,500 won ($45.57), down over 30% from its 90,500 won offer price. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The slump followed a retail offering oversubscribed more than 400 times. The weak debut accompanied another sell-off in South Korean equities. The KOSPI dropped almost 4% to finish at 5,552, with Samsung Electronics falling around 3% and SK Hynix losing roughly 4%. Pressure has extended into U. S. pre-market trading, where CoreWeave (CRWV) fell another 3%.

October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank. Investors are not convinced of…