The Canary Trump Coin ETF (ticker: TRPC), proposed by Canary Capital Group, has officially appeared on the Depository Trust & Clearing Corporation (DTCC) platform as of October 7-8, 2025.
This listing on the DTCC’s National Securities Clearing Corporation (NSCC) framework marks a key operational milestone, enabling automated share creation, redemption, and settlement processes for potential trading.
It positions the ETF alongside other digital asset products like those tied to Solana, XRP, and Dogecoin, reflecting broader institutional interest in meme coins.
The ETF seeks direct exposure to $TRUMP, a Solana-based meme coin inspired by President Donald Trump, endorsed by the Trump family. It holds $TRUMP tokens in regulated custodial reserves, avoiding indirect structures used in earlier crypto ETFs.
Canary filed the S-1 registration with the SEC in August 2025. While DTCC clearance is complete, full SEC approval is pending, with analysts estimating a decision by early 2026. No futures market for $TRUMP exists yet, which could complicate spot ETF approval under typical SEC guidelines.
The news has sparked a surge in $TRUMP trading volume up ~6% on exchanges like Binance and Bybit, with the token consolidating near $7 support. Analysts predict a potential breakout above $8 if momentum builds, amid the meme coin sector’s $70M+ market cap in 2025.
However, $TRUMP remains down ~80-90% from January highs, prompting issuer Fight Fight Fight LLC to seek $200M-$1B for a treasury buyback. This follows regulatory shifts under the Trump administration, where meme coins are no longer classified as securities announced February 2025, easing ETF pathways.
It highlights political crypto’s shift from subculture to Wall Street products, with global diversified ETF inflows nearing $6B. Social buzz is heating up, with traders calling it an “accumulation alert” and expecting whale activity, though much appears promotional.
DDC Enterprise Concludes $124M Financing Round for Bitcoin Purchases
DDC Enterprise Limited (NYSE American: DDC), a global Asian food platform pivoting to Bitcoin as a core reserve asset, announced on October 8, 2025, the close of a $124M equity financing round.
Priced at $10.00 per Class A share—a 16% premium to the October 7 close—the funds will fuel aggressive BTC accumulation, targeting 10,000 BTC by year-end from current 1,058 BTC.
Led by PAG Pegasus Fund and Mulana Investment Management, with participation from OKG Financial Services a subsidiary of OKG Technology Holdings. Founder/CEO Norma Chu personally invested $3M, signaling strong internal conviction. All shares include a 180-day lock-up for stability.
DDC views Bitcoin as a “digital reserve” akin to gold, enhancing financial resilience amid economic uncertainty. The company has executed multiple BTC buys this year, blending its core e-commerce ops with crypto treasury management.
At current prices ~$122,600/BTC, the target equates to ~$1.2B in holdings—potentially ranking DDC among top corporate holders like MicroStrategy (640K+ BTC). DDC’s stock trades at ~$9 market cap $55M, at a discount to its BTC net asset value, suggesting undervaluation.
The raise bucks typical discount fundraising trends and aligns with rising corporate BTC adoption total public treasuries at 3.9M BTC. Maxim Group LLC advised the deal. This builds on prior moves, like a $528M financing in July 2025 and a $100M BTC custody partnership with Animoca Brands.
It underscores institutional BTC enthusiasm, with debates on treasury metrics like “mNAV” ongoing. X discussions frame it as a “sprint to top 10” corporate holders, with positive sentiment around DDC’s disciplined approach.
These developments signal deepening crypto integration into traditional finance, blending politics, memes, and corporate strategy. Both carry high volatility—DYOR before engaging.
Sorare Migrates to Solana, A Major Upgrade for On-Chain Sports Gaming
Sorare, the popular NFT-based fantasy sports platform backed by SoftBank, has announced its full migration to the Solana blockchain, marking one of the largest consumer app shifts in Web3 history.
This move, revealed on October 8, 2025, aims to boost transaction speeds, enhance composability, and unlock new utilities for its ecosystem of digital sports collectibles.
The process kicked off in early October with ETH balances transferring from StarkEx Sorare’s previous Layer 2 solution to Coinbase’s Base L2. By the end of October 2025, all existing Sorare cards—over 5 million NFTs—will be automatically reissued as Solana-based NFTs. Users won’t need to take manual action; everything, including scarcity tiers, XP, metadata, and serial numbers, will carry over seamlessly.
Sorare highlighted Solana’s high throughput up to 65,000 TPS, low fees ~$0.00025 per transaction, and scalability as core reasons. This upgrade supports real-time gameplay for Sorare’s 5 million+ users and enables deeper integration with DeFi, external marketplaces like Magic Eden, and Phantom.
It’s positioned as a step toward a “new digital sports economy” with faster liquidity and potential for a utility token rewarding gameplay and trading. This brings Sorare’s partnerships with major leagues NBA, MLB, NFL, Premier League and 5M players to Solana, potentially accelerating mainstream adoption in sports gaming.
It’s part of a broader trend—projects like Helium and DeGods have also migrated for similar performance gains. However, it raises questions around regulatory compliance, especially under the UK Gambling Act 2005, given Sorare’s fantasy elements.
Sorare’s CEO described it as “not a replacement, it’s an upgrade,” emphasizing true digital ownership beyond their marketplace. The announcement has sparked buzz on X, with users celebrating the influx of users and on-chain sports potential.
NFT Strategy Launches CHECKSTR A New Twist on Jack Butcher’s Checks Ecosystem
Jack Butcher’s iconic Checks project—a satirical, gamified NFT series inspired by Twitter’s verification checkmarks. Automated buying strategies and novel “cooldown” mechanics to prevent spam or encourage thoughtful collecting.
Launched in January 2023 as an open-edition NFT 16,031 editions minted at $8 each, echoing Twitter Blue’s price, Checks VV features a simple 8×10 grid of colorful checkmarks. It exploded to ~$55M in trading volume by mid-2023, challenging perceptions of NFT value through cultural commentary on social status.
Butcher pioneered burn systems where holders sacrifice multiple editions like burn 2x 40-check NFTs for a rarer 20-check original to create scarcity—drawing from semi-perfect numbers like 80 (1+2+4+5+8+10+20+40=80).
This gamifies collecting, with rarer “Black Checks” requiring 4,096 burns. Expansions include Checks Elements in 2023, generative art with physical prints auctioned at Christie’s and charitable drops like Humanity Check.
CHECKSTR refers to a new protocol or tool that automates the acquisition of Butcher’s Checks NFTs while introducing a “cooldown mechanic”—a delay between buys to curb bot-driven hoarding, promote fair access, and add strategic depth similar to anti-spam features in games or DeFi.
This could tie into “NFT Strategy” as a broader framework for yield-generating or utility-focused NFT plays, where smart contracts buy low-supply Checks editions during dips, then apply cooldowns (e.g., 24-48 hour waits) to simulate human-like trading and avoid market manipulation.
In a post-bull NFT market, such mechanics revive engagement by blending automation with scarcity. Butcher’s projects have always emphasized “philosophy over speculation”— such as themes like “Invest in Yourself” or “Create More Than You Consume.”
A cooldown system could extend this by rewarding patient holders, potentially integrating with Solana for faster, cheaper execution tying back to the Sorare news. Both stories highlight NFT gaming’s push toward utility and speed, with Solana emerging as a key enabler.
