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Bastion enables businesses and enterprises to offer the next generation of on-chain and off-chain products via its powerful API and cutting-edge technology stack, unlocking the full potential of digital interactions for everyone. Organizations of any size and customer base can now seamlessly integrate web3 infrastructure into existing technologies through our compliant, white-label platform that includes custodial wallets, smart transaction routing, and data analytics.
SkyAI Major Shareholder Bastion Trading Demands Board Accountability and Disclosure of SOL Liquidation Details
Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI (Nasdaq: SKYA), has issued a statement demanding that Executive Chairman Paul K. Danner III and several directors publicly explain the decision-making process behind the liquidation of the company's entire SOL reserve and the approval of the cash tender offer, and calling for a higher offer price and stronger disclosure of conflicts of interest. Bastion Trading noted that SkyAI launched its tender offer on October 16, 2026, but failed to adequately address its previously raised corporate governance concerns; just one month earlier, the company had still stated that it held more than 2 million SOL and reaffirmed its Solana digital asset treasury (DAT) strategy.Bastion Trading demands that the tender offer price be raised from $3 per share to at least $3.5 per share, and that the maximum acquisition ratio of pre-funded warrants be increased from 95% to 100%; it also requires that strategic advisor warrants be excluded from the scope of the offer, that the securities and potential gains held by directors, officers, and related parties be disclosed, and that information including the SOL sale transactions, the company's balance sheet, and the basis for the tender offer pricing be published. The firm also stated that if directors cannot demonstrate that they fulfilled their independent oversight duties, they should resign voluntarily; otherwise, a special shareholders' meeting should be convened to let shareholders decide the composition of the board. The above content represents demands unilaterally raised by Bastion Trading, and the relevant response from SkyAI's board has not been reflected in the provided materials. (Globenewswire)
Received conditional approval from OCC, Bastion can apply to establish a national trust bank
stablecoin infrastructure company Bastion has received conditional approval from the U.S. Office of the Comptroller of the Currency to apply to establish a national trust bank. Founded in 2023 by two former a16z crypto executives, Bastion provides white-label stablecoin issuance, reserve custody, customer wallets, and payment infrastructure for enterprises; its investors include Coinbase Ventures, Sony Innovation Fund, and Samsung Next, and its latest funding round last year raised $14.6 million.
Solana treasury company SkyAI shareholder seeks to veto all directors, company in governance crisis
Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.
Covering 82 million Galaxy devices, Samsung will support USDC cross-border transfers in Samsung Wallet in the last week of October
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
Bastion Trading Opposes SkyAI's $201 Million Tender Offer, Demands Investigation into ~70% SOL Sale and a Price Increase to at Least $3.50
Odaily News: Investor Bastion Trading has stated that it will not participate in SkyAI's proposed $201 million tender offer unless SkyAI addresses governance, disclosure, and pricing issues. Bastion Trading and its affiliates collectively hold approximately 9.99% of SkyAI's common stock. SkyAI plans to acquire up to 95% of its outstanding shares and eligible warrants at $3 per share.Bastion Trading is questioning the scale of SkyAI's sale of approximately 70% of its SOL treasury assets. SkyAI previously claimed to have sold about 1 million SOL, but subsequent regulatory filings showed it had only about 600,000 SOL remaining. Bastion Trading is demanding disclosure of the sale timing, average transaction prices, proceeds, transaction costs, and approval processes, as well as an independent review before the tender offer begins.Bastion Trading is also demanding the replacement of SkyAI board members, the establishment of an independent special committee to oversee the tender offer process, and a price increase to at least $3.50 per share. It is also calling for the removal of the $100 SOL price condition and the 50% minimum participation threshold, the exclusion of strategic advisor warrants, and a prohibition on insiders tendering their securities. (Bitcoin.com News)
Coinbase Partners with Samsung, USDC Becomes the Default Stablecoin on Samsung Wallet
According to Coinbase's official blog, Coinbase announced that it will provide stablecoin services for Samsung Wallet, with USDC launching as the default U.S. dollar stablecoin in the U.S. market during the last week of October 2026. When users deposit into their stablecoin balances, USDC will automatically appear as the default option. The related assets will be held in custody by Coinbase Prime Vault through its NYDFS-compliant custody service, operated in collaboration with licensed stablecoin infrastructure provider Bastion. To date, USDC's circulating supply has already grown by 72% in 2025 to exceed $75 billion, and the number of wallets holding the asset has increased by 59% to nearly 7 million.
Bastion Receives Conditional Approval from OCC to Advance National Trust Bank Charter Application
Bastion has secured conditional approval from the US Office of the Comptroller of the Currency (OCC), officially initiating its national trust bank license application. The institution plans to leverage this authorization to establish stablecoin and payment infrastructure under federal regulatory oversight.
SkyAI Major Shareholder Bastion Trading Demands Board Accountability and Disclosure of SOL Liquidation Details
Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI (Nasdaq: SKYA), has issued a statement demanding that Executive Chairman Paul K. Danner III and several directors publicly explain the decision-making process behind the liquidation of the company's entire SOL reserve and the approval of the cash tender offer, and calling for a higher offer price and stronger disclosure of conflicts of interest. Bastion Trading noted that SkyAI launched its tender offer on October 16, 2026, but failed to adequately address its previously raised corporate governance concerns; just one month earlier, the company had still stated that it held more than 2 million SOL and reaffirmed its Solana digital asset treasury (DAT) strategy.Bastion Trading demands that the tender offer price be raised from $3 per share to at least $3.5 per share, and that the maximum acquisition ratio of pre-funded warrants be increased from 95% to 100%; it also requires that strategic advisor warrants be excluded from the scope of the offer, that the securities and potential gains held by directors, officers, and related parties be disclosed, and that information including the SOL sale transactions, the company's balance sheet, and the basis for the tender offer pricing be published. The firm also stated that if directors cannot demonstrate that they fulfilled their independent oversight duties, they should resign voluntarily; otherwise, a special shareholders' meeting should be convened to let shareholders decide the composition of the board. The above content represents demands unilaterally raised by Bastion Trading, and the relevant response from SkyAI's board has not been reflected in the provided materials. (Globenewswire)
SkyAI shareholder Bastion Trading refused to participate in the tender offer, accusing the company of secretly dumping 70% of its SOL reserves.
According to GlobeNewswire, SkyAI (Nasdaq: SKYA) major shareholder Bastion Trading (holding approximately 9.99%) has publicly questioned the company’s cash tender offer plan. Bastion Trading noted that SkyAI quietly divested approximately 70% of its SOL treasury reserve (falling from over 2 million to roughly 600,000 tokens) in less than a month without timely disclosure to shareholders, potentially violating information disclosure regulations. Meanwhile, the company’s board of directors faced overwhelming opposition votes at the 2026 annual general meeting, casting doubt on its legitimacy. Bastion Trading demands that the company fully disclose the SOL sales details, restructure the board of directors, and improve the acquisition terms (increasing the offer price from $3.00 to at least $3.50); otherwise, it will not participate in the current tender offer and reserves the right to take legal action.
Coinbase Partners with Samsung, USDC Becomes the Default Stablecoin on Samsung Wallet
According to Coinbase's official blog, Coinbase announced that it will provide stablecoin services for Samsung Wallet, with USDC launching as the default U.S. dollar stablecoin in the U.S. market during the last week of October 2026. When users deposit into their stablecoin balances, USDC will automatically appear as the default option. The related assets will be held in custody by Coinbase Prime Vault through its NYDFS-compliant custody service, operated in collaboration with licensed stablecoin infrastructure provider Bastion. To date, USDC's circulating supply has already grown by 72% in 2025 to exceed $75 billion, and the number of wallets holding the asset has increased by 59% to nearly 7 million.
Covering 82 million Galaxy devices, Samsung will support USDC cross-border transfers in Samsung Wallet in the last week of October
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
Coinbase Partners with Samsung, USDC Becomes the Default Stablecoin on Samsung Wallet
According to Coinbase's official blog, Coinbase announced that it will provide stablecoin services for Samsung Wallet, with USDC launching as the default U.S. dollar stablecoin in the U.S. market during the last week of October 2026. When users deposit into their stablecoin balances, USDC will automatically appear as the default option. The related assets will be held in custody by Coinbase Prime Vault through its NYDFS-compliant custody service, operated in collaboration with licensed stablecoin infrastructure provider Bastion. To date, USDC's circulating supply has already grown by 72% in 2025 to exceed $75 billion, and the number of wallets holding the asset has increased by 59% to nearly 7 million.
Related news
SkyAI Major Shareholder Bastion Trading Demands Board Accountability and Disclosure of SOL Liquidation Details
Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI (Nasdaq: SKYA), has issued a statement demanding that Executive Chairman Paul K. Danner III and several directors publicly explain the decision-making process behind the liquidation of the company's entire SOL reserve and the approval of the cash tender offer, and calling for a higher offer price and stronger disclosure of conflicts of interest. Bastion Trading noted that SkyAI launched its tender offer on October 16, 2026, but failed to adequately address its previously raised corporate governance concerns; just one month earlier, the company had still stated that it held more than 2 million SOL and reaffirmed its Solana digital asset treasury (DAT) strategy.Bastion Trading demands that the tender offer price be raised from $3 per share to at least $3.5 per share, and that the maximum acquisition ratio of pre-funded warrants be increased from 95% to 100%; it also requires that strategic advisor warrants be excluded from the scope of the offer, that the securities and potential gains held by directors, officers, and related parties be disclosed, and that information including the SOL sale transactions, the company's balance sheet, and the basis for the tender offer pricing be published. The firm also stated that if directors cannot demonstrate that they fulfilled their independent oversight duties, they should resign voluntarily; otherwise, a special shareholders' meeting should be convened to let shareholders decide the composition of the board. The above content represents demands unilaterally raised by Bastion Trading, and the relevant response from SkyAI's board has not been reflected in the provided materials. (Globenewswire)
Covering 82 million Galaxy devices, Samsung will support USDC cross-border transfers in Samsung Wallet in the last week of October
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
Bastion Trading Opposes SkyAI's $201 Million Tender Offer, Demands Investigation into ~70% SOL Sale and a Price Increase to at Least $3.50
Odaily News: Investor Bastion Trading has stated that it will not participate in SkyAI's proposed $201 million tender offer unless SkyAI addresses governance, disclosure, and pricing issues. Bastion Trading and its affiliates collectively hold approximately 9.99% of SkyAI's common stock. SkyAI plans to acquire up to 95% of its outstanding shares and eligible warrants at $3 per share.Bastion Trading is questioning the scale of SkyAI's sale of approximately 70% of its SOL treasury assets. SkyAI previously claimed to have sold about 1 million SOL, but subsequent regulatory filings showed it had only about 600,000 SOL remaining. Bastion Trading is demanding disclosure of the sale timing, average transaction prices, proceeds, transaction costs, and approval processes, as well as an independent review before the tender offer begins.Bastion Trading is also demanding the replacement of SkyAI board members, the establishment of an independent special committee to oversee the tender offer process, and a price increase to at least $3.50 per share. It is also calling for the removal of the $100 SOL price condition and the 50% minimum participation threshold, the exclusion of strategic advisor warrants, and a prohibition on insiders tendering their securities. (Bitcoin.com News)
SkyAI shareholder Bastion Trading refused to participate in the tender offer, accusing the company of secretly dumping 70% of its SOL reserves.
According to GlobeNewswire, SkyAI (Nasdaq: SKYA) major shareholder Bastion Trading (holding approximately 9.99%) has publicly questioned the company’s cash tender offer plan. Bastion Trading noted that SkyAI quietly divested approximately 70% of its SOL treasury reserve (falling from over 2 million to roughly 600,000 tokens) in less than a month without timely disclosure to shareholders, potentially violating information disclosure regulations. Meanwhile, the company’s board of directors faced overwhelming opposition votes at the 2026 annual general meeting, casting doubt on its legitimacy. Bastion Trading demands that the company fully disclose the SOL sales details, restructure the board of directors, and improve the acquisition terms (increasing the offer price from $3.00 to at least $3.50); otherwise, it will not participate in the current tender offer and reserves the right to take legal action.
Coinbase Partners with Samsung, USDC Becomes the Default Stablecoin on Samsung Wallet
According to Coinbase's official blog, Coinbase announced that it will provide stablecoin services for Samsung Wallet, with USDC launching as the default U.S. dollar stablecoin in the U.S. market during the last week of October 2026. When users deposit into their stablecoin balances, USDC will automatically appear as the default option. The related assets will be held in custody by Coinbase Prime Vault through its NYDFS-compliant custody service, operated in collaboration with licensed stablecoin infrastructure provider Bastion. To date, USDC's circulating supply has already grown by 72% in 2025 to exceed $75 billion, and the number of wallets holding the asset has increased by 59% to nearly 7 million.
Bastion Receives Conditional Approval from OCC to Advance National Trust Bank Charter Application
Bastion has secured conditional approval from the US Office of the Comptroller of the Currency (OCC), officially initiating its national trust bank license application. The institution plans to leverage this authorization to establish stablecoin and payment infrastructure under federal regulatory oversight.