Australia-based Propanc Biopharma announced it secured up to $100 million in funding from Hexstone Capital to build a crypto treasury and accelerate development of its lead cancer therapy PRP, which targets metastatic solid tumors. The private placement, structured as convertible preferred stock, includes an initial $1 million with up to $99 million available over the next 12 months.

Hong Kong has approved and launched its first spot Solana ETF, issued by ChinaAMC, giving institutional investors regulated exposure to SOL without needing wallets or private keys. Trading begins Oct. 27 on the Hong Kong Stock Exchange across HKD, USD, and RMB counters, tracking the CME CF Solana-USD Index with an expense ratio near 2%.

South Korean retail investors have poured $6 billion into Ethereum treasury companies like BitMine and SharpLink, mirroring MicroStrategy's Bitcoin strategy. But critics warn this ETH accumulation boom is driven by influencer marketing rather than fundamentals. With Ethereum underperforming Bitcoin since 2022 and Korean capital heavily concentrated, the risks are mounting. Discover why Samson Mow says "this won't end well" and what the Kimchi Premium reveals about global cryp