Nakamoto Holdings Raises $51.5M, CoinMarketCap Quashes Scam, Wyoming Picks Aptos & Sei for WYST
Nakamoto Holdings secured $51.5 million in under 72 hours through a PIPE deal at $5.00 per share to expand its Bitcoin treasury strategy. CoinMarketCap removed a malicious popup phishing scam after multiple user reports and has bolstered its security measures. Meanwhile, the Wyoming Stable Token Commission evaluated over ten blockchains and ultimately selected Aptos (APT) and Sei (SEI) for its state-backed WYST stablecoin pilot, with Aptos and Solana tied at 32 points and Sei close behind at 30. WYST, pegged to the US dollar and backed by short-duration US Treasury bonds, will use LayerZero for cross-chain compatibility and aims for a July 2025 launch. Traders should monitor the Wyoming stablecoin pilot for potential APT and SEI volume spikes, as well as broader US regulatory moves like the newly passed GENIUS Act setting federal stablecoin standards.
Bullish
The selection of Aptos and Sei for Wyoming’s state-backed stablecoin pilot underscores growing institutional interest and real-world use cases for APT and SEI, likely boosting on-chain activity and token demand. Coupled with enhanced platform security at CoinMarketCap and regulatory clarity from the GENIUS Act, market sentiment toward these assets should improve in both the short and long term.