{"id":89284,"date":"2025-09-26T11:35:12","date_gmt":"2025-09-26T08:35:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89284"},"modified":"2025-09-26T11:43:00","modified_gmt":"2025-09-26T08:43:00","slug":"sec-and-finra-probe-dat-firms-over-suspected-insider-trading","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-and-finra-probe-dat-firms-over-suspected-insider-trading\/","title":{"rendered":"SEC and FINRA probe DAT firms over suspected insider trading"},"content":{"rendered":"

U.S. regulators are examining potential insider trading in the shares of firms with digital assets in their treasuries (DAT), the Wall Street Journal<\/a> reported, citing people familiar with the matter.<\/p>\n

According to the paper, the SEC<\/span> and the FINRA<\/span> have already sent inquiries to a number of companies. The probe covers more than 200 issuers that disclosed cryptocurrencies in their reserves.<\/p>\n

Unusual market activity drew the watchdogs\u2019 attention: ahead of official announcements about digital-asset purchases, stocks saw sharp price spikes and abnormally high trading volumes.<\/p>\n

The Commission warned firms about possible violations of the Fair Disclosure Rule (Regulation FD). It prohibits providing confidential information to a limited group, giving them an advantage in the market.<\/p>\n

Critics of the DAT strategy have already pointed out<\/a> possible insider dealing. Experts have repeatedly highlighted the risks of digital treasuries. In July, on-chain analyst James Check predicted<\/a> a collapse among Strategy\u2019s copycats.<\/p>\n

CryptoQuant said<\/a> that firms with cryptocurrency reserves could face a sudden drop in their quotations.<\/p>\n

The crypto-treasury boom<\/h2>\n

A total of 194 public companies have joined the bitcoin-accumulation strategy. They hold more than 1 million BTC worth over $110bn, equal to 4.6% of the total supply of digital gold.<\/p>\n

The largest holder of the first cryptocurrency is Strategy, which holds 639,835 BTC worth $70bn. Marathon Digital (52,477 BTC, $5.7bn) and Twenty One Capital (43,514 BTC, $4.7bn) round out the top three.<\/p>\n

\"image\"
Top 20 largest bitcoin holders among public companies. Source: BitcoinTreasuries<\/a>.<\/figcaption><\/figure>\n

Ethereum-focused firms have bought a combined 5.2 million ETH worth $20.6bn.<\/p>\n

\"image\"
Top five largest Ethereum holders among public companies. Source: Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n

Market conditions<\/h2>\n

Over the past 24 hours, digital-asset market capitalisation fell 2.4% to $3.8trn. All top-10 coins declined, losing up to 5%.<\/p>\n

\"image\"
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Bitcoin dropped to $108,787. At the time of writing, the cryptocurrency trades around $109,000.<\/p>\n

\"image\"
Hourly chart of BTC\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Ethereum fell below $4,000 for the first time since early August. The 24-hour low was $3,833.<\/p>\n

\"image\"
Hourly chart of ETH\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

According to CoinGlass<\/a>, 24-hour liquidations exceeded $970m. Traders who bet on gains in the two largest cryptocurrencies suffered the biggest losses.<\/p>\n

The Fear and Greed Index<\/a> fell from 44 to 28 \u2014 near the boundary with the \u201cextreme fear\u201d zone.<\/p>\n

\"image\"
Source: Alternative.me<\/a>.<\/figcaption><\/figure>\n

Earlier, QCP warned<\/a> of the risk of bitcoin falling to $107,000 and Ethereum to $3,300.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. regulators are examining potential insider trading in shares of firms with digital assets in their treasuries (DAT).<\/p>\n","protected":false},"author":1,"featured_media":89285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"They are suspected of insider trading.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1207],"class_list":["post-89284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"353","promo_type":"1","layout_type":"1","short_excerpt":"They are suspected of insider trading.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=89284"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89284\/revisions"}],"predecessor-version":[{"id":89286,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89284\/revisions\/89286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/89285"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=89284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=89284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=89284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}