SEC Halts Trading for QMMM as its Stock Suspiciously Skyrockets 959%

TheCryptoTimesОпубліковано о 2025-09-30Востаннє оновлено о 2025-09-30

The US Securities and Exchange Commission (SEC) has temporarily suspended all trading in QMMM Holdings Ltd, a digital media advertising firm, after its stocks surged by 959%. The surge followed the company’s announcement of its Solana treasury allocation in its crypto treasury.

In its official statement, the SEC has stated “potential manipulation in the securities of QMMM effected through recommendations” as a major factor behind the suspension. The SEC has told broker-dealers, shareholders, and potential buyers to thoroughly understand all the information that is out there and any new information that the company may release. 

QMMM’s staggering surge 

On September 9, QMMM Holdings announced its plans to build a $100 million digital treasury anchored by Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Immediately after the announcement, its stocks surged over 2,100%, closing up 1,737% on Nasdaq. This raised concerns among regulators about the influence of social media promotions on the stock’s performance.

The suspension by the SEC comes after 14 trading sessions and will be lifted on October 10. The SEC also put Smart Digital Group Ltd. on hold for the same reasons. The ruling is an extension of the crackdown on small-cap companies that have used crypto stories to get investors’ attention.

The SEC’s order comes at a time of rising adoption of token-based treasuries by various other firms. Earlier this month, Helius Medical Technologies, a firm associated with medical equipment production, announced a $500 million private investment that was oversubscribed and caused the company’s stock to rise more than 200% in pre-market trading.

Also Read: SEC Issues No-Action to DoubleZero, DePIN Tokens Get Relief 


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Why Is the World Nervous About Japan Raising Interest Rates?

In June 2026, the Bank of Japan raised its policy rate to 1%, marking its first hike to this level since 1995. While this rate remains low compared to global peers like the US and Europe, the move signals a profound shift for a nation that has been a global source of ultra-cheap funding for decades. Japan's long-standing near-zero or negative interest rates had facilitated massive "yen carry trades," where international investors borrowed low-cost yen to invest in higher-yielding assets worldwide, such as US tech stocks and emerging market bonds. This made Japan a critical, often overlooked, source of global liquidity. Japan's ultra-loose policy stemmed from structural challenges post-1990s asset bubble: aging demographics, chronic low inflation/deflation, and high public debt. Recent shifts, including sustained wage growth (exceeding 5% in recent years) and inflation consistently above the 2% target, have created a "wage-price spiral" possibility, prompting the policy normalization. The global market's concern lies not in the absolute rate but in the potential unwinding of the yen carry trade. As Japanese borrowing costs rise, the economics of these leveraged global investments change, potentially triggering deleveraging and capital outflows from risk assets. Market anxiety focuses on the end of a thirty-year consensus that Japan would perpetually provide cheap funding. Ultimately, the global impact will depend on the interplay with US monetary policy. While Japan is tightening, the significant interest rate differential with the US remains. The key future dynamic is whether simultaneous Japanese hikes and eventual US rate cuts will narrow this gap, forcing a major recalibration of global capital flows and asset pricing built on an era of abundant, cheap yen liquidity.

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Why Is the World Nervous About Japan Raising Interest Rates?

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