Charlotte, NC, Sept. 23, 2025 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company”), today announced that its ETH position reached the 50,000 milestone on Monday, September 22, 2025. The Company implemented its ETH Treasury strategy in August and has continued to add to its position over the past month as part of Company’s strategic plan to become the largest ETH holder in the Ethereum network. The Company’s 50,000 ETH position represents approximately $210 million in aggregate value (assuming ...

Banks are increasingly weary of stablecoins in a post Genius Act market. (Photo by Michael M. Santiago/Getty Images)Getty ImagesU.S. banks are intensifying efforts to ensure stablecoin issuers cannot earn yield, warning lawmakers that allowing rewards would drain deposits and destabilize lending. But stablecoin advocates argue the campaign is less about protecting financial stability and more about protecting a $187 billion annual profit engine that banks derive from payment processing fees.The fight, now u ...