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FALCO ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING

Investing 6 Mins Read

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX.V – FPC

Falco Resources Ltd. (TSXV: FPC,OTC:FPRGF) (‘Falco’ or the ‘Corporation’) is pleased to announce that further to its press release dated September 29, 2025, it has agreed with Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the ‘Underwriters’), to increase the size of the Corporation’s previously announced $10,000,000 bought deal private placement (the ‘Initial Offering’) of units of the Corporation (the ‘Units’). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, an additional 6,250,000 Units, for a total of 37,500,000 Units at a price of $0.32 per Unit (the ‘Offering Price’) for aggregate gross proceeds of $12,000,000 (the ‘Upsized Offering’).

Each Unit will consist of one common share of the Corporation (each, a ‘Common Share‘) and one half of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each whole Warrant shall entitle the holder to purchase one Common Share at a price of $0.46 at any time on or before that date which is 18 months after the Closing Date (as defined below).

Under the Initial Offering, the Corporation granted the Underwriters an option (the ‘Option‘) to increase the size of the Initial Offering by up to an additional 4,687,500 Units on the same terms and conditions as the Initial Offering for additional gross proceeds of $1,500,000, by giving written notice of the exercise of the Option, or a part thereof, to the Corporation at any time up to 48 hours prior to Closing Date. No option to purchase additional Units at the Offering Price has been granted to the Underwriters on the upsized portion of the Upsized Offering.

The Corporation intends to use the net proceeds from the sale of Units for the advancement of the Horne 5 Project in Québec as well as for working capital and general corporate purposes.

The Upsized Offering is anticipated to close on or about October 17, 2025 (the ‘Closing Date‘), or such other date as the Corporation and the Underwriters may agree, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Units are being offered by way of private placement in all of the provinces of Canada to investors who qualify as ‘accredited investors’ under Canadian securities legislation or who are otherwise exempt from prospectus delivery requirements. The Upsized Offering may also be offered in the United States to ‘accredited investors’ (as defined in Rule 501(a) of Regulation D) pursuant to an exemption from registration under the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada in accordance with applicable law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

The Common Shares issuable from the sale of the Units to ‘accredited investors’ in Canada or otherwise on a prospectus exempt basis will be subject to a hold period of four months plus one day from the date of issuance of the Units.

About Falco Resources

Falco is one of the largest mineral claim holders in the province of Quebec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco’s main asset is the Horne 5 project located beneath the former Horne mine, which was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco’s largest shareholder, with a 16% interest in the Corporation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, ‘forward looking statements’) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by words such as ‘plans’, ‘expects’, ‘seeks’, ‘may’, ‘should’, ‘could’, ‘will’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. These statements are made as of the date of this news release. Forward-looking statements in this press release include, without limitation, the terms and conditions of the Upsized Offering, the use of proceeds of the Upsized Offering and the date of closing of the Upsized Offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Falco’s annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although the Corporation believes the forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Consequently, the Corporation cautions investors that any forward-looking statements by the Corporation are not guarantees of future results or performance and that actual results may differ materially from those in forward-looking statements.

SOURCE Falco Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/October2025/14/c7496.html

News Provided by Canada Newswire via QuoteMedia

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Josef Schachter: Oil/Gas Stock Buy Window — 3 Signals to Watch

Investing 1 Min Read

Josef Schachter of the Schachter Energy Report shares his outlook for oil and natural gas, including when he thinks the next buying opportunity will be for stocks.

He also discusses his upcoming Catch the Energy conference.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Star QB says Nebraska coach ‘ain’t going nowhere’ amid Penn State rumors

Sport 2 Mins Read

Three days into Penn State football’s national search to find its replacement for James Franklin and Nebraska football coach Matt Rhule remains seen as one of the favorites among the candidates for the position.

Asked about those rumors during a media availability with reporters on Tuesday, Oct. 14, Nebraska quarterback Dylan Raiola offered a rather assertive answer regarding his head coach’s name being put into conversations about the job and whether Rhule would take it.

‘That’s our head football coach and he ain’t going nowhere,’ Raiola said on Tuesday. ‘He’s staying right here. It doesn’t really matter what he says. His wife loves it here, she has her business going and all that stuff. Even if he wanted to, he couldn’t. He ain’t going nowhere.’

Raiola, who is in his second season serving as Rhule’s starting quarterback, began his emphatic statement on Rhule not leaving for Penn State by mentioning that Rhule hasn’t allowed the outside noise to impact the program.

‘It doesn’t faze him at all. It’s just some people stirring stuff up and making things better than it is,’ Raiola said. ‘I couldn’t tell you, he’s as locked in as ever on this football game (against Minnesota) to get this win.’

Rhule quickly became one of the top potential candidates for the Penn State job after Franklin’s firing at Penn State on Sunday, Oct. 12. The reasons for Rhule’s name being thrown into the pool of candidates were rather simple, as he played at Penn State from 1994-1997 and has a close friendship with Penn State athletic director Pat Kraft, who hired Rhule at Temple.

‘I absolutely love it here. I want us to continue to take the steps needed for us to turn this thing into a beast. … I’m really happy here,’ Rhule said on Monday, Oct. 13 when asked about the Penn State opening. ‘I love Penn State…’

Nebraska travels to Minnesota on Friday, Oct. 17 for a 8 p.m. ET kickoff against the Golden Gophers, where the Cornhuskers will look to become bowl eligible for the second consecutive season under Rhule. The Cornhuskers will travel to Happy Valley in the second-to-last weekend of Big Ten play on Saturday, Nov. 22.

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USMNT has comeback win vs. Australia in friendly; Pulisic injured

Sport 2 Mins Read

The U.S. men’s national team closed out the October window with a 2-1 friendly win against Australia in Commerce City, Colorado, on Tuesday, Oct. 14.

Haji Wright scored both goals, helping the USMNT come back after Jordan Bos opened the scoring for Australia in the 19th minute.

Cristian Roldan assisted both of Wright’s goals as the Seattle Sounders midfielder continued to build his case for a World Cup roster spot.

The main downside from a U.S. perspective came when Christian Pulisic was forced off with an injury in the 31st minute.

Mauricio Pochettino’s side turned in an impressive performance on Friday, controlling much of the game in a 1-1 draw against South American power Ecuador. The win over Australia wrapped up a positive October window for a team that appears to be heading in the right direction.

They’ll look to keep the momentum going next month against Paraguay and Uruguay before turning toward 2026 and a home World Cup.

USMNT vs. Australia highlights

USMNT 2025 schedule and results

  • Jan. 20 (friendly) — United States 3, Venezuela 1
  • Jan. 22 (friendly) — United States 3, Costa Rica 0
  • March 20 (Concacaf Nations League) — Panama 1, United States 0
  • March 23 (Concacaf Nations League third-place match) — Canada 2, United States 1
  • June 7 (friendly) — Türkiye 2, United States 1
  • June 10 (friendly) — Switzerland 4, United States 0
  • June 15 (Concacaf Gold Cup) — United States 5, Trinidad and Tobago 0
  • June 19 (Concacaf Gold Cup) — United States 1, Saudi Arabia 0
  • June 22 (Concacaf Gold Cup) — United States 2, Haiti 1
  • June 29 (Concacaf Gold Cup quarterfinal) — United States 2, Costa Rica 2 (U.S. won penalty shootout, 4-3)
  • July 2 (Concacaf Gold Cup semifinal) — United States 2, Guatemala 1
  • July 6 (Concacaf Gold Cup final) — Mexico 2, United States 1
  • Sept. 6 (friendly) — South Korea 2, United States 0
  • Sept. 9 (friendly) — United States 2, Japan 0
  • Oct. 10 (friendly) — United States 1, Ecuador 1
  • Oct. 14 (friendly) — United States 2, Australia 1
  • Nov. 15 (friendly) — United States vs. Paraguay, 5 p.m. ET (Subaru Park, Chester, Pennsylvania)
  • Nov. 18 (friendly) — United States vs. Uruguay, 7 p.m. ET (Raymond James Stadium, Tampa, Florida)
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Dodgers star leaves ‘haunted’ hotel because wife believes in ghosts

Sport 3 Mins Read

MILWAUKEE — Los Angeles Dodgers shortstop Mookie Betts has refused to stay at the team hotel in downtown Milwaukee for years, convinced that the famous Pfister Hotel is haunted.

So when the Dodgers come to town, he always checks into an Airbnb away from the team, not ready to encounter any ghosts.

Well, if there’s any extra room, Dodgers outfielder Teoscar Hernandez would like to join him.

Hernandez insisted before Game 2 of that National League Championship Series that while he does not believe in ghosts, his wife sure does – so they’re getting different accommodations.

“I don’t believe in ghosts,’ Hernandez said. “I have stayed in there before. I’ve never seen anything or heard anything.

“But my wife is on this trip, and she said she doesn’t want to stay there. So we have to find another hotel.

“But I’ve been hearing from other players and other wives that it’s something happening in these couple of nights.’

Well, just what are they hearing?

“The lights, some of the rooms, the lights goes off and on,’ Hernandez said. “And the doors, there are noises, footsteps, things like that, I don’t know.

“I’m not the guy that I’m going to be here saying, ‘Oh, yeah, I experienced that before’ because I’m not. And I don’t think I’m going to experience that.’

Well, you can’t convince Betts that something isn’t up, and refuses to take any chances, saying “I just don’t want to find out myself.’

Players in the past have talked about some strange occurrences at the 132-year-old hotel with Phillies first baseman Bryce Harper saying his clothes were once moved across the room, and players talking about phantom footsteps and the TV and radios mysteriously coming on in their rooms.

Yankees slugger Giancarlo Stanton once said: “It’s freaky with the head-shot paintings on the walls and the old curtains everywhere. It reminds me of the Disneyland Haunted House. The less time I’m there, the better.’

The truth, one former MLB executive says, is that it’s often just gags being played by teammates.

The doors to the rooms on the older side of the hotel don’t go all of the way to the floor, leaving about a quarter-inch gap from the bottom.

“So guys will take their TV remotes and go around to other player and staff rooms in the middle of the night clicking TV’s under their doors,’ he said. “I’ve seen it done a ton over the years. That’s where the whole haunted thing started back in the day.’

So the hotel is not haunted?

“Not haunted,’ he said.

Follow Nightengale on X: @Bnightengale

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Are the Brewers cooked? Milwaukee can’t buy a hit

Sport 4 Mins Read

MILWAUKEE — The Milwaukee Brewers knew their pitching was going to be a weak spot in the NLCS.

What they didn’t foresee was their offense being a complete dumpster fire.

The Brewers have managed a whopping two runs and five hits in the first two games against the Los Angeles Dodgers. They never had a runner in scoring position in Game 2 on Tuesday night. They went down in order in each of the last four innings, with just one ball making it out of the infield.  

Christian Yelich is 0-for-7 against Los Angeles, extending a slump that began in the NLDS against the Chicago Cubs. Jackson Chourio, William Contreras and Brice Turang aren’t much better, with Milwaukee’s big four a combined 2-for-29 in the NLCS.

“Not the best,” Yelich said after a 5-1 loss that dropped the Brewers to 0-2 in the best-of-seven series. “I started (the postseason) out good and then just hit a little bit of a rough patch here the last few games.

“Unfortunate time for that to happen,” said Yelich, who had 29 home runs and 103 RBIs during the regular season. “I’ve got to be better. I’ve got to figure it out. That’s just how it goes.”

It’s true that any team would have struggled to scratch out hits, let alone runs, off Blake Snell and Yoshinobu Yamamoto with the way they were pitching. The Dodgers starters were masterful, with Snell throwing eight innings of one-hit ball Monday and Yamamoto tossing the first complete game in the postseason in eight years Tuesday.

But the Brewers had the season they did because they thrived on pressuring opposing pitchers. No matter what was thrown at them, they found ways to get on base and manufacture runs.

Remember that sweep of Los Angeles in the regular season? The Brewers tagged the Dodgers for 31 runs in those six games. They ran Yamamoto off before he could get through an inning in his one regular-season start against them.

Now they can’t buy a base hit.

“We chased way more than we’ve chased all year,” Milwaukee manager Pat Murphy said. “We’ve been the best in baseball at not chasing. These pitchers brought out the worst in us.

“Offensively, you’ve got to grind out at-bats. That’s been our forte. … Sometimes great pitching brings out the worst in you.”

It didn’t start out that way.

When Chourio went deep on the first pitch he saw from Yamamoto, it looked as if the Brewers were going to build off their momentum from the ninth inning in Game 1. It was only the third leadoff home run in Brewers postseason history, and it had the sellout crowd at American Family Field rocking.

But Milwaukee quickly faded, with Turang, Contreras and Yelich grounding out to end the inning that began on such a high.

“It’s a great feeling to have, for sure, to be able to put your team ahead right away from the first pitch of the game,” Chourio said. “But unfortunately we were unable to add onto that and to keep going.”

Milwaukee would only put five people on base the rest of the game, and no one after the first out in the fifth inning.  

“The way this offense runs is just getting on base,” Chourio said. “They did a good job of limiting our ability to do that.”

Now the Brewers head to Los Angeles, with only one day to figure out what ails them before Game 3 on Thursday night.

As dire as their circumstances seem, Milwaukee is capable of both digging itself out of a hole and reeling off a winning streak.

The Brewers began the season with a four-game losing streak — giving up 47 runs in the process, no less — only to win four in a row and seven of its next eight. They had an 11-game winning streak in July and a 14-game winning streak in August. They have not lost four in a row since the end of April.  

“This team has been counted out a lot this year. And I think there’s some fight left in them,” Murphy said.

There might be fight, but it’s offense the Brewers need.

“We’re just looking for that one where it kind of clicks,” Yelich said. “Get a few guys going and make a series of it.”

Time is running out.

Follow USA TODAY Sports columnist Nancy Armour on social media @nrarmour.

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‘Starting 5’ season 2 will release October 16

Sport 1 Min Read

Season 2 of Netflix’s show ‘Starting 5’ is set to air Thursday, Oct. 16.

Season 1 was met with mixed reviews. The show offered insights into the daily lives of five NBA players: LeBron James, Domantas Sabonis, Jimmy Butler, Jayson Tatum, and Anthony Edwards.

Season 2 will offer similar insights into five new players, reliving the biggest moments of the 2024-25 NBA season.

But who are these new players? Did they accomplish feats last season that would make them more worthy of coverage compared to what we saw a season ago?

Here’s everything to know about the upcoming season of ‘Starting 5’ to get you excited for the 2025-26 NBA season:

Who is being followed in Season 2 of ‘Starting 5’?

Here are the five players who were being covered last season:

  • Kevin Durant, Phoenix Suns (now with Houston Rockets)
  • Jaylen Brown, Boston Celtics
  • Tyrese Haliburton, Indiana Pacers
  • Shai Gilgeous-Alexander, Oklahoma City Thunder
  • James Harden, Los Angeles Clippers

How many episodes will Season 2 be?

Season 2 will be eight episodes. Each episode will have approximately a 45-minute runtime.

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Altech Batteries Ltd$6M Placement to Advance Battery Projects

Investing 4 Mins Read

Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $6 million, comprising the issue of 133,333,334 fully paid ordinary shares in the capital of the Company at an issue price of $0.045 per Share. Participants in the placement will also receive free attaching listed options at 1 option for every 2 shares issued with an exercise price of $0.065 and expiry date of 31 October 2028.

Highlights

– Binding Commitments to raise $6 million at an Issue price of $0.045 per share

– Strong foundations set to deliver further trials and sales of UPS batteries, source project finance of CERENERGY(R), complete the 90kWh battery prototype and assess the 4 GWh Giga factory for large scale production

– Funds will be used to further progress a variety of value accretive activities at the CERENERGY(R), AMPower and Silumina AnodesTM Projects

The Shares and Options under the Placement will be issued out of the Company’s available capacity under Listing Rules 7.1. It is proposed that the shares will be issued on 20 October 2025. The options represent a new class of listed security and as such, will require a Prospectus to be issued prior to the options being allotted. Altech is now working on the Prospectus and aims to have it finalised within the coming weeks.

The Placement was jointly managed by Evolution Capital and Alpine Capital. The costs associated with the Placement was a combined 6% fee on all funds raised plus 60,000,000 options. Further details regarding the Placement are set out in the Appendix 3B of today’s date.

The funding establishes balance sheet flexibility for the Company to execute on the following near term `milestones:

– Trials and sales of Altech UPS batteries: Initial sales anticipated of advanced UPS batteries, targeting critical infrastructure customers across Europe, Australia, and the United States.

– Funding Deals: sourcing project finance for the 120 MWh CERENERGY(R) production facility in Germany, supporting large-scale commercial rollout.

– Pilot Plant and Battery Commercialisation News:

o Completion of the larger 90kWh battery prototype for the CERENERGY(R) project.

o Preliminary assessment for establishing a 4 GWh Giga factory for largescale production.

Managing Director Mr Iggy Tan stated ‘We are encouraged by the strong market interest in our current initiatives. This capital raise comes at an exciting time for Altech as it establishes its selling, distribution and installation infrastructure for AMPower produced Altech branded sodium nickel chloride (SNC) batteries and advances the commercialisation of its 120MWh CERENERGY(R) battery project. With the operation of the Silumina Anodes(TM) pilot plant completed and NDAs signed with major US and European car manufacturers, Altech is readying itself to provide commercial samples of the product. A portion of the funds will also be allocated to a preliminary study for a larger 4 GWh battery facility, marking the next significant step towards commercialisation’.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

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Crypto Market Update: Bitcoin Price Takes Hit Heading into Weekend

Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Friday (October 10) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$116,726, a 3.6 percent decrease in 24 hours. Its lowest valuation of the day was US$116,242, and its highest was US$122,359, recorded shortly after trading began on major indexes.

Bitcoin price performance, October 10, 2025.

Chart via TradingView.

Bitcoin has logged a weekly loss of around 5.2 percent.

Key support zones are being tested, which could attract dip buyers, potentially setting the stage for a rebound. However, a sustained break below could invite additional downside before market stability returns.

The week was capped by a sharp selloff as Bitcoin dipped in late Friday trading, triggering over US$850 million in liquidations in 24 hours, with the majority being long positions. A contraction in futures open interest confirms that traders are exiting leveraged positions and further supports the narrative of a healthy market reset.

The immediate focus will be on Bitcoin’s ability to reclaim its US$117,000 to US$120,000 support zone over the weekend. Technical momentum indicators suggest the market remains in a consolidation phase, with volatility compression possibly foreshadowing a large directional move in the coming weeks.

Ether (ETH) was priced at US$3,998.07, an 8 percent decrease in 24 hours. Its lowest valuation of the day was US$3,976.33, and its highest was US$4,386.23.

Altcoin price update

  • Solana (SOL) was priced at US$205.98, a decrease of 5.8 percent over the last 24 hours. Its lowest valuation of the day was US$204.77, and its highest was US$224.06.
  • XRP was trading for US$2.68, a decrease of 3.8 percent over the last 24 hours and near its lowest valuation of the day. Its highest was US$2.83.

Today’s crypto news to know

International banks explore stablecoin issuance

A group of leading international banks, including BNP Paribas (EPA:BNP), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Deutsche Bank (NYSE:DB), Citigroup (NYSE:C), UBS Group (NYSE:UBS) and others, has announced a joint exploration into issuing a stablecoin pegged to major G7 fiat currencies.

The initiative seeks to use digital assets to create a stable payment option that boosts competition and efficiency in financial markets, especially cross-border payments. The banks emphasize that they will ensure full compliance with regulatory requirements and adopt best risk management practices.

The project is in its early stages and will involve ongoing coordination with regulators and supervisors across relevant markets. While no specific timeline has been announced, this collaboration signals growing institutional interest in blockchain-based financial innovation.

Kalshi completes Series D funding round, expands internationally

Kalshi completed a Series D funding round of over US$300 million led by Sequoia Capital and Andreessen Horowitz (a16z), with participation by Paradigm, CapitalG, Coinbase Ventures, General Catalyst and Spark Capital.

The latest round brings the company’s valuation to US$5 billion and comes after Kalshi closed a separate US$185 million funding round in June; it was led by Paradigm and also featured Sequoia. The platform also announced an international expansion with an immediate launch in 140 new markets.

“International users can now access the platform via the Kalshi website with an identical product experience to American users,” the company said in a press release.

Prestige Wealth secures funding for digital gold treasury, rebrands as Aurelion

Prestige Wealth (NASDAQ:AURE) announced it has secured approximately US$150 million in financing to establish Nasdaq’s first digital gold treasury focused on Tether Gold, a gold-backed stablecoin issued by Tether. This milestone is part of a broader plan to integrate tokenized gold into the company’s reserve assets. As part of the transition, Prestige Wealth will rebrand itself as Aurelion and start trading under the ticker symbol AURE on October 13.

The financing package consists of a US$100 million private investment in public equity, with Antalpha Platforms as the lead investor, supported by Tether and Kiara Capital. Additionally, there is a US$50 million senior debt facility. Most of these funds will be allocated to acquiring Tether Gold, which will serve as Aurelion Treasury’s reserve asset.

XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

Major altcoins faced losses on Friday as cryptocurrency traders took profits from Bitcoin’s record-breaking rally, even as spot exchange-traded fund (ETF) demand remained strong.

Solana, XRP, Dogecoin and Cardano each slid up to 3 percent, according to CoinDesk. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

The ETF surge underscores Bitcoin’s growing role as a “digital safe haven,” especially amid gold’s surge above US$4,000 per ounce. However, a possible pullback to the US$107,000 to US$115,000 range could be imminent ahead of the US Federal Reserve’s October policy meeting.

EU dismisses ECB’s call for new stablecoin rules

The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank (ECB) for stricter oversight.

According to Reuters, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

Industry groups, including members like Circle Internet Group (NYSE:CRCL), asked the commission to formally clarify that multi-issuance is allowed under current rules. In a statement to Reuters, the commission said MiCA already provides a “robust and proportionate framework,” and that further guidance will be published soon.

The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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