QMMM Trading Halted as DAT Firms Come Under Regulatory Spotlight

TradingKey

Sep 30, 2025

TradingKey – The U.S. SEC suspends trading of QMMM Holdings amid concerns of market manipulation, placing DAT firms under increased scrutiny.

On Monday (U.S. Eastern Time), the Securities and Exchange Commission (SEC) halted trading of QMMM Holdings (QMMM), a Hong Kong-based digital advertising firm, citing potential market manipulation.

On September 9, QMMM announced plans to allocate $100 million toward building a diversified crypto treasury, targeting assets such as Bitcoin (BTC), Ethereum (ETH) , and Solana (SOL). That same day, QMMM’s stock skyrocketed from $14 to a peak of $304—an astonishing 2,000% surge—before closing at $170. Since then, the stock has steadily declined and is currently trading at $119.

QMMM Stock Price Chart – Source: TradingView.

Earlier this month, Nasdaq announced tighter oversight of DAT (Digital Asset Treasury) firms. Now, with the SEC joining in, it’s clear that the Trump administration’s approach to crypto regulation is not laissez-faire, but rather a recalibration — easing restrictions while still enforcing accountability. This shift aims to support the long-term health of the crypto sector.

Still, investors should remain cautious, especially with DAT firms that are heavily exposed to altcoins, which tend to carry higher volatility and risk.

Find out more

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2571315282"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2571315282\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2571315282?lang=en_US&edition=fundamental","thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20231102/7520a74fa55c9128cdf6f43aa37d34fd.jpg","is_english":true,"pubTime":"2025-09-30 14:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2571315282","market":"nz","top_or_hot":-1,"title":"QMMM Trading Halted as DAT Firms Come Under Regulatory Spotlight","media":"TradingKey","content":"<html><body><p dir=\"ltr\"><b><strong>TradingKey – The U.S. SEC suspends trading of QMMM Holdings amid concerns of market manipulation, placing DAT firms under increased scruti</strong></b><span>ny.</span></p><p dir=\"ltr\"><span>On Monday (U.S. Eastern Time), the Securities and Exchange Commission (SEC) halted trading of QMMM Holdings (QMMM), a Hong Kong-based digital advertising firm, citing potential market manipulation.</span></p><p dir=\"ltr\"><span>On September 9, QMMM announced plans to allocate $100 million toward building a diversified crypto treasury, targeting assets such as Bitcoin (</span><span>BTC</span><span>), Ethereum (</span><span>ETH</span><span>) , and Solana (</span><span>SOL</span><span>). That same day, QMMM’s stock skyrocketed from $14 to a peak of $304—an astonishing 2,000% surge—before closing at $170. Since then, the stock has steadily declined and is currently trading at $119.</span></p><p><img height=\"372\" src=\"https://resource.tradingkey.com/uploads/20250930/图片2-961157e694c942f6835f6622220b23a4.png\" width=\"800\"/></p><p dir=\"ltr\"><span>QMMM Stock Price Chart – Source: TradingView.</span></p><p dir=\"ltr\"><span>Earlier this month, Nasdaq announced tighter oversight of DAT (<a href=\"https://laohu8.com/S/DAAQU\">Digital Asset</a> Treasury) firms. Now, with the SEC joining in, it’s clear that the Trump administration’s approach to crypto regulation is not laissez-faire, but rather a recalibration — easing restrictions while still enforcing accountability. This shift aims to support the long-term health of the crypto sector.</span></p><p dir=\"ltr\"><span>Still, investors should remain cautious, especially with DAT firms that are heavily exposed to altcoins, which tend to carry higher volatility and risk.</span></p><p>Find out more</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QMMM Trading Halted as DAT Firms Come Under Regulatory Spotlight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQMMM Trading Halted as DAT Firms Come Under Regulatory Spotlight\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-09-30 14:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><b><strong>TradingKey – The U.S. SEC suspends trading of QMMM Holdings amid concerns of market manipulation, placing DAT firms under increased scruti</strong></b><span>ny.</span></p><p dir=\"ltr\"><span>On Monday (U.S. Eastern Time), the Securities and Exchange Commission (SEC) halted trading of QMMM Holdings (QMMM), a Hong Kong-based digital advertising firm, citing potential market manipulation.</span></p><p dir=\"ltr\"><span>On September 9, QMMM announced plans to allocate $100 million toward building a diversified crypto treasury, targeting assets such as Bitcoin (</span><span>BTC</span><span>), Ethereum (</span><span>ETH</span><span>) , and Solana (</span><span>SOL</span><span>). That same day, QMMM’s stock skyrocketed from $14 to a peak of $304—an astonishing 2,000% surge—before closing at $170. Since then, the stock has steadily declined and is currently trading at $119.</span></p><p><img height=\"372\" src=\"https://resource.tradingkey.com/uploads/20250930/图片2-961157e694c942f6835f6622220b23a4.png\" width=\"800\"/></p><p dir=\"ltr\"><span>QMMM Stock Price Chart – Source: TradingView.</span></p><p dir=\"ltr\"><span>Earlier this month, Nasdaq announced tighter oversight of DAT (<a href=\"https://laohu8.com/S/DAAQU\">Digital Asset</a> Treasury) firms. Now, with the SEC joining in, it’s clear that the Trump administration’s approach to crypto regulation is not laissez-faire, but rather a recalibration — easing restrictions while still enforcing accountability. This shift aims to support the long-term health of the crypto sector.</span></p><p dir=\"ltr\"><span>Still, investors should remain cautious, especially with DAT firms that are heavily exposed to altcoins, which tend to carry higher volatility and risk.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7105","symbol_name":"多领域控股","start_time":0,"source_url":"https://www.tradingkey.com/news/stocks/251151470-sec-qmmm-btc-eth-sol-tradingkey","article_id":"2571315282","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20231102/7520a74fa55c9128cdf6f43aa37d34fd.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571315282","pubTimestamp":1759215008,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":"The U.S. SEC suspends trading of QMMM Holdings amid concerns of market manipulation, placing DAT firms under increased scrutiny.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7105":"多领域控股","BK4009":"广告","SOL.AU":"WASHINGTON H. SOUL PATTINSON","ETHU":"2倍以太币期货ETF-Volatility Shares","BTC":"Grayscale Bitcoin Mini Trust","DAT":"ProShares Big Data Refiners ETF","QMMM":"QMMM Holdings Limited.","BK4601":"加密货币现货ETF","BTC.AU":"Btc Health Ltd","ETH":"低成本以太坊ETF-Grayscale","BK4129":"建筑与工程","BK4519":"光伏太阳能","SEC.AU":"SPHERIA EMERGING CO LTD","BK7083":"煤与消费用燃料"},"translate_title":"DAT公司受到监管关注，QMMM交易暂停","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAT":1.5,"BTC":1,"BTC.AU":1,"METHmain":0.63,"ETH":1,"SOL":1,"SEC.AU":1,"SOL.AU":1,"ETHU":0.6,"QMMM":1.5},"content_text":"TradingKey – The U.S. SEC suspends trading of QMMM Holdings amid concerns of market manipulation, placing DAT firms under increased scrutiny.On Monday (U.S. Eastern Time), the Securities and Exchange Commission (SEC) halted trading of QMMM Holdings (QMMM), a Hong Kong-based digital advertising firm, citing potential market manipulation.On September 9, QMMM announced plans to allocate $100 million toward building a diversified crypto treasury, targeting assets such as Bitcoin (BTC), Ethereum (ETH) , and Solana (SOL). That same day, QMMM’s stock skyrocketed from $14 to a peak of $304—an astonishing 2,000% surge—before closing at $170. Since then, the stock has steadily declined and is currently trading at $119.QMMM Stock Price Chart – Source: TradingView.Earlier this month, Nasdaq announced tighter oversight of DAT (Digital Asset Treasury) firms. Now, with the SEC joining in, it’s clear that the Trump administration’s approach to crypto regulation is not laissez-faire, but rather a recalibration — easing restrictions while still enforcing accountability. This shift aims to support the long-term health of the crypto sector.Still, investors should remain cautious, especially with DAT firms that are heavily exposed to altcoins, which tend to carry higher volatility and risk.Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}