CORRECTION: Grayscale Didn't File to Register Trust for Nahmi Token; Possible Pump Attempt
The filing incorrectly gave the appearance that the world's largest digital asset manager was considering a trust based on the Nahmi project's token as a future offering.
Grayscale Investments DID NOT FILE to register a new trust for Microsoft-partnered Ethereum scaling project Nahmi, a spokeswoman for the world’s largest digital asset manager said.
- The filing with the State of Delaware indicated that a company named "Grayscale" had filed for a trust in a way that was identical to how Grayscale Investments had done for multiple other trusts.
- "We did not make that filing," the spokeswoman said.
- As such, the filing may have been an attempt to pump the price of the project's native token NII.
- According to CoinGecko, the price of NII has more than doubled in the last 24 hours to $0.01, with a 24-hour trading volume of $20.2 million.
- It appears at least one other trust filing with the name "Grayscale" may also be fraudulent.
- Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
- A call is being placed with the State of Delaware.
- CoinDesk regrets any confusion caused by the previous report.
See also: Grayscale Says It’s ‘100% Committed to Converting GBTC Into an ETF’
CORRECTION: Grayscale did not register a trust related to the Nahmii token. Article and headline have been updated.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
